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With a financial year running July to July, the Edinburgh auctioneers posted hammer sales of £8.8m Ð just a fraction below the £8.96m sales figures recorded by Woolley & Wallis of Salisbury from January to December 2005 and level with Tennants who were last yearÕs second placed provincial saleroom.

This is the seventh consecutive year that turnover at Lyon & Turnbull has increased since five directors defected from Phillips to establish the company with chairman Sir Angus Grossart in 1999. It has also been an eventful 12 months including both the £3.2m sale of the Drambuie Collection in January and Ð buoyed up by an increasing number of consignments from England Ð the recent £200,000 investment in a Pall Mall office.

Vice chairman Paul Roberts said: ÒIt has been another incredible year for us and confirms Lyon and Turnbull as being one of the top international auction houses in Scotland. Having recently reviewed our five-year business plan, we are on track to exceed £10m turnover next year, making us the largest single auction house outside of London.Ó Mr Roberts also told ATG the saleroom has two house sales in the pipeline next year, one in Scotland and another worth some £2m that will be conducted on the premises in the South of England in the spring.