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News
Latest news from Antiques Trade Gazette, the leading specialist publication for the art and antiques market
Higher commissions help Sotheby’s to 30% revenue rise in first quarter of 2006
SOTHEBY’S have recorded a 30 per cent rise in first quarter revenues from 2005, with the 2006 total coming in at $96m.
15 May 2006
Invincible at £19,000...
15 May 2006“This was the earliest Cup Final programme I’ve ever seen,” said Graham Budd (15% buyer’s premium), referring to lot 747 in his sale on May 9-10 in association with Sotheby’s Olympia.
New recruits and a London launch for L&T
15 May 2006Edinburgh auctioneers Lyon & Turnbull unveiled two new appointments at the official opening of their new London office on Tuesday, March 9.
Antiques sold for scrap as silver price rockets
15 May 2006ATG have learnt that the strong prices for precious metals on the commodities market has meant some dealers have started selling silver and gold antiques as scrap.
€5bn scandal rocks trade in stamps
15 May 2006THE world stamp market is reeling this week after what could prove to be a €5bn pyramid selling scheme was unmasked in Spain.
If there is a bubble, it’s not set to burst yet
15 May 2006Hedge funds continue to stake a claim on big-ticket names
$85m portrait helps Picasso eclipse Van Gogh as art’s biggest name
08 May 2006Pablo Picasso has become the ultimate luxury brand. On May 3 at Sotheby’s New York Picasso’s rare and iconic 1941 portrait, Dora Maar au chat, became the world’s second most expensive painting when it sold for $85m (£48.3m) to a mystery buyer in the room, widely presumed to be representing a Russian oligarch.
Antique exports to Hong Kong treble in 2005 as trade outside EU expands
08 May 2006THE value of UK exports of antiques to Hong Kong almost trebled in 2005 according to the latest Customs figures.
Olympia go for design rather than antiques in the Spring
08 May 20062007 fixture will be cut to three days
Phillips de Pury & Co to open new London rooms and target Frieze clients
08 May 2006PHILLIPS de Pury & Company are to open a new London saleroom and hold a special Contemporary Art and Design auction on October 14 during the Frieze fair.
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