News

UK: BARRING an unexpected over-ruling by the Council of Ministers, the VAT charged on works of art imported to the UK from outside the European Union will double from 2.5 to five per cent on July 1.

HONG KONG: A WORLD auction price was set for Chinese porcelain when this extremely rare doucai chicken cup, from the Ming Dynasty, with the six-character mark and period of Chenghua, 1465-78, from the collection of Mrs Leopold Dreyfus, sold to Eskenazi Ltd of London for HK$25.4m (£2m) at Sotheby’s Hong Kong on April 27.

UK: THIS review of two of the higher-profile sales conducted by Bonhams from their Northern foothold in Stockport begins (in reverse chronological order) with an April catalogue comprising the contents of two Yorkshire manor houses.

UK: Illustrated here is The People’s Rights, a copy of Winston Churchill’s 1910 book which has made two appearances at the Aylsham salerooms of G.A. Key in recent months – with very different results.

UK: THE threat of well-meaning but potentially damaging measures to curb crime in Kent has spurred the trade to set up a national association for grass roots dealers.

UK: COLOURFUL and humorous, this late 17th century needlework panel, left, was the top textile at Neale’s (15 per cent buyer’s premium) sale in Nottingham on March 25-26.

SWITZERLAND: TEFAF Basel, the sister fair to Maastricht, has broken all official ties with its founders TEFAF (The European Fine Art Foundation) who have handed over the organisation to Messe Basel, the exhibition hall which has hosted the fair since it was launched in 1995.