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.
Partridge devalue by £10m in bid period
23 August 2005A much-publicised decision to devalue their stock by £10m, is the headline figure of the six-monthly accounts published by Partridge Fine Arts.
Bloomsbury ‘turnover up 60 per cent’
10 August 2005Bloomsbury Auctions report that their new departments have helped them achieve a 60 per cent rise in turnover year on year for the first half of 2005.
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Where are the new big hitters?
30 July 2005The latest round of golf sales held up in Scotland threw up a now-familiar pattern of mixed results.
Cross-border trade steps up a gear in 2004
06 July 2005Non-EU imports and exports rise, with surges for Switzerland and others SLIGHT rises in UK art and antiques import and export totals for 2004 hide far more dramatic swings when assessed on a nation-by-nation basis.
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Mollino magic doubles record
21 June 2005JUNE has been quite a month for record-breaking results in 20th century design.
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From scrap metal to pure gold at £28,000
21 June 2005“The world of enamel signs is like football and this sign is like Manchester United. It's in near-perfect condition and is a remarkable survivor. What were once considered scrap metal are now being seen as the works of art they really are.”
20p – the key to the trade’s future
24 May 2005Art of Dealing suggests way ahead for the art and antiques industry, and how to pay for it
Commission charges keep Sotheby’s on the right track
18 May 2005SOTHEBY’S auction and related revenues rose by more than 20 per cent, year on year, for the first quarter of 2005, coming in at $72.2m.
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Dollar’s woes forgotten when collectors chase old tools of the trade
13 May 2005A NUMBER of niche sales in spring once again showed why they are a matter of some envy among other auctioneers whose offerings are far more vulnerable to contrary winds of fashion and the general economy.
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Best result in two years as pharmacy fitting gets the hi-tech treatment
06 May 2005Hobbs Parker, Ashford, April 14. Buyer’s premium: 10 per cent“THE best sale for two years,” said auctioneer Alan White after Hobbs Parker’s April event.
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Russian market maintains strength as Muslim coins meet the Zodiac
28 April 2005A SECTION of the market which is very firm is that for Russian coins. There are a lot of recently enriched Russians who have been able to transfer their wealth out of the country.
Will this buck up business?
28 April 2005PIMLICO dealer in 1940s design items Alex Von Motke, has suffered as much as anyone else from the dearth of American customers, frightened off by the strength of the pound.
Droit de Suite threat to swathe of trade jobs
19 April 2005Government report reveals impact of levy... and the cost The introduction of Droit de Suite in the UK could result in the loss of up to ten art dealing jobs for every artist who would benefit from the tax.
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Top names and the Nelson touch raise the standard of quarterly sale
24 March 2005Gilding’s, Market Harborough, March 8, Buyer’s premium: 12.5 per centTHE decision by Leicestershire auctioneers Gilding’s to cut back their fine sales from six a year to quarterly events is perhaps a sign of the times, but the 510 lots offered in March appeared to signal that the shires are weathering the depression.
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Single-owner sales rack up for 2005
22 March 20052005 looks set to be a bumper year for single-owner sales organised by the London rooms.
Sotheby’s enjoy $100m recovery in profits for 2004
22 March 2005YEAR-END results for Sotheby’s show a $100m-plus turnaround in profitability for 2004. It’s a figure that many will take as a sign that the formerly ailing auction house has finally shaken off the spectre of scandal and debt.
Why antiques market is well placed
22 March 2005THE opportunities for the art and antiques trade in the current retail market are fundamentally good. This is the conclusion drawn by Paul Flatters of the Future Foundation.
ASI sold
22 March 2005Hislop’s Art Sales Index, one of the oldest art price databases, has been sold to arts publisher LTB Holding Ltd.
Collection costs and red tape pose biggest problem over art levy
15 March 2005TRADE minister Lord Sainsbury has told the House of Commons culture committee that implementing Droit de Suite effectively and comparatively cheaply is now the big challenge facing the Government.
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Zorensky mark two maintains momentum
12 March 2005When Bonhams embarked on their first dispersal of the mammoth Zorensky collection of First Period Worcester, there were murmurings in the trade (and presumably some crossed fingers in the saleroom’s ceramics department).
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