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.

Riots disrupt trade but firms largely escape attacks

15 August 2011

THE art and antiques trade survived largely unscathed from the widespread riots seen in England last week. However, many businesses across the country were forced to close...

Auctioneers latest figures show private sales on the rise

08 August 2011

THE competition over private treaty sales headlines Sotheby’s and Christie’s latest set of results which cover the first half of 2011.

Cheque payments win a reprieve

18 July 2011

THE threat to the art and antiques industry posed by the proposed ending of cheques has been lifted after it was announced that the banking industry will not scrap them after all.

Some positives from BADA members’ survey

04 July 2011

THIS year’s British Antique Dealers’ Association survey shows that annual combined sales of BADA members are estimated at £698 million. The figure is almost unchanged from last year.

Flat rate fee for eBay’s Buy It Now

27 June 2011

UNDER a new fees structure, private users of eBay will face a flat ten per cent charge for items sold under the ‘Buy It Now’ price listing.

Sotheby’s enjoy solid first quarter

16 May 2011

SOTHEBY’S made a profit in the first three months of 2011 – that profit may have been only $2.4m, but it compares with a loss of $2.2m for the same period last year.


Record Hong Kong series tackles non-payment issue

03 May 2011

SOTHEBY’S latest Asian series represented an all-time high for the firm in Hong Kong.

Echoes of Bunker Hunt

03 May 2011

THE events of recent weeks have echoes of the infamous Bunker Hunt era that saw scrap silver prices spike during an era of high oil prices and revolution in Iran.

Silver gives the sweet smell of success…

26 April 2011

THE highest bullion prices for a generation are helping the cause of much general silver at auction, but the real strength of the market is for the better-quality smallwork where weight counts for nought.

Art acquisitions charity to increase funds by 50 per cent

26 April 2011

WITH the arts budget severely squeezed in the government spending review, the announcement that The Art Fund will be dramatically expanding their funding programme provided some welcome news for Britain’s museums and public galleries.

Mallett reduce losses in 2010

04 April 2011

TOP-END furniture dealers Mallett made a £1.3m loss last year, a 30 per cent improvement on 2009.

Concern grows over scrapping of cheque guarantee

28 March 2011

THERE is growing concern in the art and antiques trade about the termination of the cheque guarantee system this summer.

HMRC launch new online guide to record keeping for small businesses

14 March 2011

CUSTOMS & Excise (HMRC) have launched a new guide through Business Link to advise small businesses on the records they are obliged to keep.

China pushes UK art market into third place

14 March 2011

CHINA has pushed the United Kingdom into third place as a player in the world art market and is now second only to the United States.

Government tax review favours art and antiques

07 March 2011

ART and antiques could be one of the few winners in a UK government review to tighten up and streamline tax-relief rules.

Sotheby’s enjoy second best year ever

07 March 2011

CONSOLIDATED annual sales at Sotheby’s were up 74% to £3.17bn ($4.8bn), including buyer’s premium, putting the firm marginally behind Christie’s, who posted results of £3.3bn ($5bn) last month.


Contemporary sales reinforce new strength in the market

21 February 2011

LONDON’S latest series of Contemporary art sales put in a robust performance. Auctioneers posted high selling rates and saw the greatest depth of bidding since the art market downturn two years ago.

Christie’s post £3.3bn record annual sales total

01 February 2011

CHRISTIE’S registered a 53% rise in global auction sales to achieve a record premium-inclusive total of £3.3bn/$5bn for 2010.


Biggest ever annual fall in furniture

24 January 2011

THE parlous state of the English antique furniture market is confirmed this week with a sharp fall in the Antique Collectors' Club's Annual Furniture Index.

Chinese bonanza brings rising turnovers for provincial rooms

17 January 2011

LARGELY thanks to the voracity of Chinese buyers, four of the UK’s heavyweight regional auctioneers enjoyed record sales figures in 2010.



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