Internet

Borro, the world’s first online asset lender, are to advance loans against high-value items being consigned for sale by auction or private treaty. The company have devised a scheme whereby they will loan up to 70% of the estimated sale price of assets valued between £50,000 and £1m, such as fine art, jewellery and wine, recouping their costs and fees once the sale has been completed.

1stdibs, the global online marketplace for high-end art, antiques and decorative objects, has wholly acquired Online Galleries, the British-based portal favoured by LAPADA, the BADA, SLAD and CINOA.

The hub of specialist auctioneers in West London, 25 Blythe Road, founded by arms, armour and militaria specialist Thomas Del Mar, is launching web-based picture sales.

Nearly one in five of all sales by LAPADA dealers are now online, according to the fine art and antique dealer association’s latest survey, covering 2011.

Christie’s first half results for 2012 show that the focus of competition at the top end of the international auction business remains the private sales market and online auctions.

Over 200 items of vintage couture belonging to a former fashion model will be offered at an online auction by CJM Auctioneers on July 25.

Fellows auctioneers are going full circle to make life easier when using their online catalogue.

Christie’s are broadening their range of activity by launching their first online-only sale, Signature Cellars, an auction of fine and rare wines that will be open for bidding from August 6 to 20.

This original poster for the 1948 Olympic Games by Walter Herz (b.1909) will be offered at Onslows’ internet auction of vintage posters on June 29.

LEADING US regional saleroom Skinner are to launch an online-only auction platform.

BUSINESS is really booming when it comes to the world of live online auctions.

THE larger auction houses which have their own in-house live bidding are also seeing online bids becoming increasingly significant to their business.

FOR provincial auctioneers, online bidding has clearly been a massive boon… and even a lifeline.

AUCTION Atrium, the online auction house based in Kensington Church Street, London, has announced that it has ceased trading.

PROFESSIONAL Advisers to the International Art Market (PAIAM) has launched an online directory of professional members.

A NEW live auction platform which will give UK auctioneers direct access to Chinese bidders has been launched in Beijing.

This week sees the launch of Figaro Enchères, a joint venture between ATG Media and French national newspaper Le Figaro.

AN iPhone App has been launched to guide vistors around the galleries, auction houses and museums during Asian Art in London which runs from November 4 to 13.

SOTHEBY’S have launched a retail and online wine business based in New York.

TECHNOLOGY is increasingly important in the art market but a pair of oils by the Anglo-Australian artist William Blamire Young (1862-1935), is believed to be the first significant work identified and consigned to auction through Christie’s iPhone application.