Industry data

SOTHEBY’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.

MUNICH-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.

More 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.

Belgian 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.

Total 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 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, 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 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.

Despite 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.

Despite 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.

THE 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.

HOUSE price gains have outstripped furniture price increases in the south east of England for the first time in 34 years, according to the Antique Collectors’ Club Antique Furniture Index. It is the first time property has taken the lead since the Index started at 100 in 1968. Furniture recorded a slight drop at the end of 2002, falling from 3575 to 3492.

THE prospect of tax relief for the maintenance of historic properties has come a step closer thanks to a new Government-backed study. If introduced, it could stem the disposal of works of art, whose sale currently funds 26 per cent of maintenance on such properties.

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Versatility and a clear career path lead the way: The future of the art and antiques business is centred on small teams with an ability to perform a wide range of tasks beyond their own area of expertise.

THE continuing fall in equities and the threat of war in Iraq have supported the gold price, say precious metal dealers Michael Bloomstein of Brighton.

PARIS: The knock-on effects of auction reform mean it’s all change for the new season: France’s traditional auction scene has undergone a major overhaul, with commissaires-priseurs retaining their monopoly for court-order sales only, and obliged to create new commercial entities if they wish to stage other auctions.

FINANCIAL services giant Zurich have just published figures showing art and antiques to be one of the most lucrative investments against the backdrop of falling stock markets.

THE price of gold has been extremely volatile, with a five per cent swing in only four days.

SOTHEBY’S chief executive Bill Ruprecht is bullish about the company’s second quarter performance, reporting a 25 per cent increase in net income on the same period last year.