Coys under new owners
Classic car dealership and auction house Coys of Kensington has been bought by the Calleri family.
The Calleris, who are lifelong classic car enthusiasts and run a worldwide geological services company, have partnered with Nick Wells, formerly a consultant to Coys.
Wells, as part owner, has taken on the position of managing director.
Coys has been restructured and recapitalised and now has a new board of directors and an additional advisory board. Its west London showroom is undergoing refurbishment and will reopen in the near future.
The Calleri family office is run by Richard Calleri and advised by his father Antonio.
Kahlhamer joins The Pedestal team
Duane Kahlhamer is working with The Pedestal.
Auction house The Pedestal has hired Duane Kahlhamer to focus on its Design For Living sales.
Its first auction in this category was held in November 2020 and featured items from the major design movements of the late 19th and 20th centuries.
Kahlhamer previously worked as a senior 20th century decorative arts specialist at Bonhams in Knightsbridge and at Christie’s South Kensington.
Winterton goes for further expansion
Richard Winterton Auctioneers is planning further expansion at its Lichfield Auction Centre on Fradley Park.
The Staffordshire auction house is providing a larger space for its salerooms inside and is also planning a new area externally for outdoor items. It has resurfaced the access driveway and part of the car park.
Nassau Lake now a partner at Jarndyce
Edward Nassau Lake of Jarndyce Antiquarian Booksellers.
Edward Nassau Lake has become a partner at Jarndyce Antiquarian Booksellers in Bloomsbury. He joins his parents, Brian Lake and Janet Nassau, who are joint partners at the family firm.
Nassau Lake has worked at Jarndyce for 15 years.
Whitney appointed by Christie’s
Neda Whitney from Christie’s Americas.
Christie’s has appointed Neda Whitney as senior vice president and head of marketing for Christie’s Americas. She previously worked at marketing agency R/GA, New York, where she was senior vice president and managing director.
Scotland lockdown extended again
Scotland’s current lockdown will be extended until at least the middle of February, First Minister Nicola Sturgeon has announced. In mainland Scotland the current lockdown began on January 5 and non-essential retail will remain closed. Click and collect services from non-essential retail are currently not allowed.
Auction houses and art and antiques galleries and shops can operate online behind closed doors. The situation will be reviewed on February 2.
In England, Prime Minister Boris Johnson had mentioned previously that “the middle of February” could be a possible time when some restrictions may ease, although the current rules are due to be in place until March 31.
Auction houses and shops including dealers and antiques centres can operate online behind closed doors and offer click and collect services in England. Details on the lockdown in England can be found at gov.uk/coronavirus.
Devolved nations of the UK each have different rules which can be checked online via each government’s website.
In Northern Ireland from December 26 all non-essential retail businesses closed. This will continue until March 5, but will be reviewed on February 18. In Wales a lockdown, with non-essential shops closed, began on December 28. Its lockdown will be reviewed on January 29.
Two US salerooms change premiums
US auction house Doyle has raised its buyer’s premium this month. From January 4, the new rate is 26% up to $600,000, 21% on $600,001- $4m and 15% on hammer prices of $4m upwards. This has changed from 25% up to $300,000, 20% on hammer prices between $300,001-3m and 12.5% on $3m upwards.
At fellow US saleroom Hindman the new levels are 25% up to $400,000, 20% on hammer prices of between $400,001-$4m and 12% on $4m upwards. This has changed from 25% on $250,000, 20% on hammer prices of between $250,001- $3m and 12% on $3m upwards.
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In Numbers
366
The number of days in prison New York art dealer Helly Nahmad received in a sentence in 2014 after pleading guilty to a federal gambling charge. He was among recipients of an 11th-hour pardon by Donald Trump before the president left office on January 20.
