News

A federal judge has declared the 1977 California Resale Royalty Act unconstitutional.

In his monthly columns for ATG, Fine Art Asia fair director and dealer Andy Hei takes a look at the international market from a Far Eastern perspective, sheds light on how to do business with the Chinese in Hong Kong and explains why Hong Kong is a better first stop than mainland China.

The auction business often runs counter-cyclical to wider economic fortunes, so it’s no great surprise that the strong results posted in 2011 by many of Britain’s regional auctioneers have been mirrored across the Atlantic.

What a difference a year makes. The sea change of opinion among the trade on the subject of June Olympia over the past year has been pretty dramatic.

London auctioneers Morton & Eden, in association with Sotheby’s, have included in their May 31 sale this silver medal awarded to a steward aboard the RMS Carpathia for his help in rescuing passengers from the Titanic.

A collection of work by the late Sid Pollard, a well-known Yorkshire furniture maker, will go under the hammer at Addison’s sale in Barnard Castle, County Durham, on June 2.

A new insurance company are trying to plug what they see as a gap in the market for auction guarantees between $10,000 and $1.5m.