Industry data

eBay have reported a record $266.3m turnover for the second quarter of the year ending June 30, a 47 per cent increase on the same period last year. Of this, $235.3m came from online transactions.

Sales by members of the Paris Compagnie des Commissaires-Priseurs (i.e. all Paris auctioneers bar Christie’s and Sotheby’s) fell 15 per cent in the first half of 2002 to €290m (£187m), as compared to the first six months of 2001.

THE first industry-wide survey of the secondhand jewellery market puts the value of trade at several hundred million pounds a year.

FOLLOWING a high of over £220 per troy ounce in mid-June, the market price has steadily declined to plateau at a nominal £202 per ounce, report Michael Bloomstein (Precious metals) of Brighton.

THE value of the UK’s international trade in art and antiques rose for the fifth year running during 2001. Total exports were down by 4.75 per cent to £1884m, but this was more than matched by a 13.5 per cent rise in total imports which were valued at £1623m.

Tension in the East and distrust in the West have combined to force up gold prices.The steady increase in the value of gold over the past two weeks is due to “a combination of factors,” according to jeweller and precious metals dealer Michael Bloomstein.

eBay sellers dealing in collectables are getting lower prices and having fewer successful auctions than a year ago, according to a study by AuctionBytes.com. The results were similar to those found in a separate analysis by TIAS.com.

SOTHEBY’S results for the first quarter of 2002 show a 20 per cent drop in revenues – no great surprise following September 11 and smaller London Impressionist and Contemporary sales.

Miller’s Collectables Price Guide 2002/3, published by Miller’s. ISBN 1840005432 £17.99 hb

The British Antique Dealers’ Association’s annual survey of its 388 members shows that, despite economic jitters, their aggregate turnover rose from £727m in 2000 to an estimated £782m last year.

CHRISTIE’S led worldwide auction sales in 2001, with a total of £1.242bn compared to Sotheby’s £1.14bn for the same period.

THE new survey of the European art market commissioned by The European Fine Art Federation makes for grim reading.

FRANCE: Auction turnover in France, for sales by commissaires-priseurs, rose 4.4 per cent in 2001 to €1.9bn (£1.17bn). There were significant regional increases in Lyon & the South-East (up 14 per cent to £180m, with Lyon itself contributing over one-third of that figure) and Brittany-Anjou (up 17 per cent to £102m), whereas Normandy suffered a dip of 19 per cent with sales of £86m.

THE Antique Collectors’ Club have published the results of their Annual Furniture Index, which shows a seven per cent rise for 2001. The index now stands at 3575, its highest point ever, from a base of 100 in 1968.

THE collapse of Enron seems to have had a belated effect on the price of gold – but for the better. Gold rose by more than $23 (£16) per ounce this week, a positive move that was reflected by a slight rise in both silver and platinum, as buyers seek more tangible assets for investment.

A NEW survey of US auctioneers shows distinct trends developing in online auctions that should help them establish their presence long term as part of the selling process for antiques.

Terrorism, war, Foot and Mouth, recession – 2001 was not an easy year for the antiques market, but with one or two notable exceptions the big firms of provincial auctioneers not only weathered these difficulties but increased their sales turnover last year, according to annual figures released last week.

FRANCE: Paris auction house Drouot reported a slight rise of 0.66 per cent in 2001 turnover to Fr4.11bn (£391m). Art sales rose five per cent to Fr3.47bn (£330m).

ARTS Minister Tessa Blackstone has placed a temporary bar on the export of an important drawing, Study for the Institution of the Eucharist, by Federico Barocci (1528-1612).

Trade gap in art also mushrooms: Fine art exports from the UK to non-EU countries have increased by 50 per cent in the year ending December 2000. Equivalent imports for the same period also rose by a substantial amount – 26 per cent.