News

SOTHEBY’S have recorded a 30 per cent rise in first quarter revenues from 2005, with the 2006 total coming in at $96m.

“This was the earliest Cup Final programme I’ve ever seen,” said Graham Budd (15% buyer’s premium), referring to lot 747 in his sale on May 9-10 in association with Sotheby’s Olympia.

Edinburgh auctioneers Lyon & Turnbull unveiled two new appointments at the official opening of their new London office on Tuesday, March 9.

ATG have learnt that the strong prices for precious metals on the commodities market has meant some dealers have started selling silver and gold antiques as scrap.

THE world stamp market is reeling this week after what could prove to be a €5bn pyramid selling scheme was unmasked in Spain.

Hedge funds continue to stake a claim on big-ticket names

Pablo Picasso has become the ultimate luxury brand. On May 3 at Sotheby’s New York Picasso’s rare and iconic 1941 portrait, Dora Maar au chat, became the world’s second most expensive painting when it sold for $85m (£48.3m) to a mystery buyer in the room, widely presumed to be representing a Russian oligarch.