News

WHEN a market softens, it is often best to return to first principles – the core values of condition, market freshness and pricing that can be overlooked when an area of collecting really ‘takes off’.

A DISPUTE between Lord Lloyd Webber and the HM Revenue and Customs over the purchase, with the aid of taxpayers' money, of J.W. Waterhouse's St Cecilia by the Andrew Lloyd Webber Art Foundation, has been settled out of court.

THERE were notable sales in the first hour of the two fairs which opened at Olympia in West London last Thursday.

CHRISTIE’S have launched legal action against US Internet entrepreneur Halsey Minor. Minor took Christie’s to court last December, accusing the auction house of fraud and a number of other torts after pictures he consigned to Christie’s dealership Haunch of Venison in May 2008 were not returned “in a timely fashion” when they failed to sell.

In terms of the bottom line, Christie’s latest Hong Kong HK$1.07bn (£83.5m) premium-inclusive Asian series was a far cry from the firm’s record-breaking HK$2.4bn (then £162.2m) extravaganza last year.

BRITISH Art Market Federation chairman Anthony Browne is fighting a rearguard action against the unexpected news that the Export Licensing Unit is to move to Birmingham.

“Our product is sustainable, re-usable and re-saleable. We must all work to make people aware that antiques are green.” So says Beaconsfield dealer Nigel Worboys, who this week launches a campaign to change the public perception. Click Here to register your vote on the Antiques are Green logo.