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Expansion and acquisition during the year lifted them into a new league and they are now the UK’s fifth largest auction house in terms of turnover.

Stamps accounted for over 60 per cent of their auction revenue, coins 15 per cent, banknotes 14 per cent and medals 10 per cent.

More than three-quarters of those sales took place in London, with sales in Asia and the USA each contributing another 11 per cent. Business in the USA is set to grow next year following the acquisition of Shreves in August 2007.

Managing director Tim Hirsch commented: “We are very proud to be the fifth largest auction house in the UK following significant growth in the collectables market over the past 12 months. We already have a full calendar for 2008 with several highly anticipated collections coming to the market in coins, stamps, banknotes, medals, bonds and shares.”