Art finance

Financial arrangements regarding the buying and selling of art have their roots in old-school pawnbrokers. Practices have greatly developed over the years and now encompass art loans and guarantees underwritten by auctioneers or third parties.

New study shows art resale tax will damage market: Statistics show that rate cap will not protect top end of market

21 February 2005

A GROUND-BREAKING study into the likely effects of a new levy on art shows it could seriously damage the UK market and cost jobs.


On target with aftersales

21 February 2005

TAJAN (20.93% buyer’s premium) started the year with guns blazing on January 17 and a sale dominated by 19th century weaponry.


European collectors boost London contemporary sales

14 February 2005

Buoyed by rising stockmarkets and the continuing strength of the euro against the pound, European private collectors were buying in force at Sotheby’s and Christie’s February round of Impressionist, Modern and Contemporary art sales in London.


Why bidders expect to pay much more

14 February 2005

More Nelson fever to report. The exterior to this rounded rectangular George III silver vinaigrette by Birmingham smith Matthew Linwood is really very plain but open it up and it reveals a gilt hinged grille embossed with a ship portrait inscribed Victory and flanked by the word Trafalgar and the date Oct 21 1805.


Casualties call for quality and provenance

07 February 2005

With standard prices of antique furniture failing to keep pace with the property market (reported on the front page of last week’s Antiques Trade Gazette), even the most optimistic market observer could be forgiven for doubting the commercial potential of a mahogany hybrid offered at Bonhams Knightsbridge (19.5/10% buyer’s premium) on January 17.


Golfing market on the weaker links

05 February 2005

If one wanted to view in miniature the issues experienced by the antiques trade as a whole, one could do worse than to look to the golfiana market.

BACAs fold blaming underfunding

25 January 2005

After five years of hosting the British Antiques & Collectables Awards, the chairman and board of BACA have cancelled the event for 2005. Issues of funding have led to the decision.

Christie’s stay ahead in Paris

25 January 2005

For the second year running, Christie’s posted the highest auction total in Paris, with sales of €86.4m (£61.7m), up five per cent on last year.

Provincial Bonhams

25 January 2005

ATG have an update on the round-up of provincial sale totals for 2004 published in issue 1672, January 15.


Suddenly, Dora is in keen demand

18 January 2005

What makes a painting totally uncommercial one year and a sure-fire seller the next?Clearly, if there was a general principal of financial success to be learned in the art market there would be rather more dealers appearing in the media’s annual rich lists than there are now.

Townsend group goes for £62,000

18 January 2005

British medals are realising ever higher prices and it seems that buyers almost invariably hail from these sceptred isles.

2004 was best ever year for top UK firms

10 January 2005

Despite a year that saw no recovery in prices for brown furniture and problematic levels of demand for ‘bread and butter’ pictures and table silver, several of the UK’s top provincial auctioneers enjoyed record turnover figures in 2004.

Interest-free loans to tempt millions of would-be art collectors

15 December 2004

Arts Council England have launched Own Art, a new national interest-free loan scheme to encourage people to buy art.

Legal seminars for London

07 October 2004

WITHERS and Devonshires Solicitors, law firms who specialise in art market issues, are sponsoring two seminars: one on art loans and the risks involved, the other on art and the police.

Interest-free credit plan by LAPADA: Association offer high-street deals

15 June 2004

LAPADA have introduced an interest-free credit scheme to the portfolio of benefits on offer to members.

Art market on investor screens

26 May 2004

FINANCIAL information giants Bloomberg are to start providing an art market index on their 180,000 global terminals. Stockbrokers, traders, fund managers and investors from across the world will be able to access the Gabrius Art Market Indices in an attempt to provide a new information benchmark for the sector and to make the tools for analysing the art market more widely available to the financial sector.

Sotheby’s cut back on costs to boost results

17 November 2003

A BIG cut in extraordinary costs for the third quarter of 2003 has boosted Sotheby’s latest results – as a result net losses have fallen by more than a third on the same period last year. The significant reductions in employee retention costs and antitrust-related special charges mean that losses for the quarter this year were down to $27.4m, compared to $43m for the third quarter of 2002.

Pascali’s gun smashes the record

13 November 2003

Italian Sales: FOR the first time in 10 years, neither Christie’s nor Sotheby’s held an October sale of German and Austrian art. The German economy is currently in far too fragile a state to support a major sale of Expressionist material in London and theme-minded Contemporary and Modern specialists concentrated their attention instead on October’s annual round of 20th Century Italian Art sales.

For the Celts, the modern boom’s nothing new

29 October 2003

THE growing strength of the Modern British market has had plenty of publicity over the last couple of years, but strong demand for Post-War painting is hardly news to the Scottish and Irish collectors who have been faithfully backing the “Modern Celtic” market for decades.

Hercules’ rare show of strength in the garden

29 October 2003

The lacklustre results posted at Sotheby’s (20/10% buyer’s premium) summer garden statuary sale were not bettered in early autumn, the September 23 catalogue seeing only 365 of the 666 lots sold.



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