Industry data
Data used for analysing the art and antiques market includes surveys, prices indices, government figures and market reports.
These range from sector-specific studies such as the Antique Furniture Price Index to more general reports such as the annual TEFAF Report and the Art Basel and UBS Global Art Market Report compiled by economist Clare McAndrew.
Sotheby’s enjoy profits at last but look ahead with caution
19 November 2004AUCTION revenues have leapt by nearly a half, year on year, for the third quarter of 2004 at Sotheby’s. But increased costs have meant that they have also registered a slightly bigger loss.
Jacques Tajan to quit as new owners make their mark
24 August 2004JACQUES Tajan is set to quit Tajan S.A., the firm he founded in 1994, over disagreements with the firm’s new owner Rodica Seward.
Fine art imports to UK cut by a quarter for 2003: Value of pictures coming from Switzerland drops 63 per cent
18 August 2004THE latest figures published by Customs and Excise show a large decline in fine art imports to the UK for 2003.
Sotheby’s paint a healthier picture for first half of 2004
18 August 2004PABLO Picasso’s Garçon à la pipe boosted Sotheby’s second quarter sales considerably, alone accounting for about 9.5 per cent of the total.
Poor trading climate continues for Partridge
13 July 2004IN its latest published results, Partridge have recorded a significant fall in both turnover and profits citing again the very difficult trading conditions.
Art market on investor screens
26 May 2004FINANCIAL information giants Bloomberg are to start providing an art market index on their 180,000 global terminals. Stockbrokers, traders, fund managers and investors from across the world will be able to access the Gabrius Art Market Indices in an attempt to provide a new information benchmark for the sector and to make the tools for analysing the art market more widely available to the financial sector.
Real estate and Fabergé put Sotheby’s on track
19 May 2004THE first quarter of 2004 was good news for Sotheby’s, with several major stepping stones to putting their bottom line back on the straight and narrow.
eBay set yet another record for profits
05 May 2004ONLINE auction giant eBay have announced a record 59 per cent increase in turnover for the first quarter of 2004.
Christie’s post world sales of £1.2bn for 2003
31 March 2004CHRISTIE'S have announced worldwide sales totalling £1.2bn ($2bn) for 2003. This includes auction sales of £1.1bn ($1.8bn) and private sales of £90m ($150m).
Sotheby’s bounce back as anti-trust shadow fades
16 March 2004SOTHEBY’S have just published their fourth quarter and year-end results for 2003, showing the company to be in a much better financial state than at the end of 2002.
Tremmel boost
09 March 2004MUNICH-based auctioneers Ketterer Kunst reported “steady growth” in 2003 to post an auction turnover of €15.5m (£10.7m), boosted by the €5.7m Tremmel Collection in May.
LAPADA’s latest survey brings little comfort
01 March 2004More than half of those of who responded to the latest LAPADA survey have reported a decrease in turnover in 2003. The annual survey sent out in December by the UK’s largest antiques dealer’s association, was this year completed by 158 members – 25 per cent of the association’s membership. Last year, it was 151 members, or 22 per cent, which indicates that the association has lost a net of 54 members – eight per cent – over the past year.
Comme ci comme ça
18 February 2004Belgian rooms content but no more with 2003 performance: 2003 was a “slightly up-and-down year” for Horta of Brussels, according to firm director Jean-Pierre Julien, but he was satisfied with a four per cent increase in sales from 2002, making it Horta’s most lucrative year since they were founded in 1982.
UK art market misses the Rubens factor as turnover falls by ten per cent
16 February 2004Total turnover at UK picture and sculpture sales in 2003 was down 10 per cent on the previous year, according to figures just published by Art Sales Index. This reflects the similar contraction in the international market during the 2002-2003 season announced by ASI in the autumn.
Brightwells set foundation for move
02 February 2004Brightwells Fine Art, the Leominster based saleroom covering the Marches, Wales and the West Midlands announced their turnover for the year ended December 2003, which, including premium, was £3.16m.
eBay end record $2.17bn year on a high
02 February 2004EBAY, the great survivors of the dot-com boom and bust, have again posted a record set of results to complete a remarkable year in which the company reaped revenues of over $2bn. There were 41 million people who have bid, bought or listed on eBay over the past 12 months.
Christie’s are French number one
26 January 2004Christie’s have become France’s leading auction house in terms of market share after posting 2003 Paris sales of €80.3m (£55m), a rise of 40 per cent on 2002.
Tennants post record results
12 January 2004Despite the unpredictable trading conditions of the last 12 months, Tennants posted record trading figures for 2003. Aided by a bumper £1.62m autumn catalogue sale, total sales at The Auction Centre, Leyburn from January to December 2003 were £8.44m (not including premium), a substantial improvement upon the previous year when the North Yorkshire operation posted hammer sales of £7.4m.
Big provincial auction houses do well in 2003
05 January 2004Despite a year that saw substantial declines in brown furniture prices and a tailing off in the demand for general silver, most of the UK’s top provincial auctioneers held steady in a difficult market.
Movement of art and antiques shows dramatic swings
11 August 2003THE latest figures published by Customs and Excise show a significant leap in fine art and antiques imports and exports for 2002. Exports to non-European Union countries rose by more than 20 per cent from 2001, while imports went up by 16.5 per cent.
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