News

THE move towards holding specialist sales among provincial auctioneers has been one of the success stories recent years and one that is paying dividends for Salisbury’s Woolley & Wallis in one of the most arcane worlds – that of carpets and textiles.

LONDON: MAYFAIR dealers Partridge have seen pre-tax profits drop by 90 per cent in what chairman John Partridge has dubbed “the most difficult and uncertain market conditions, for this company, that I have experienced in my 43 years as chairman”.

FOLLOWING months of speculation, Sotheby’s have announced they are to sell Summer’s Place in Billingshurst, West Sussex – but want to continue their twice-yearly garden statuary sales there.

FEARS that the UK arm of online sales provider icollector have gone bust are not founded, the company’s UK spokesman Mark Hill has reassured Antiques Trade Gazette.

US auction house Dargate will be put up for auction on March 30 without reserve. The decision follows the failure of the first attempt on September 7 last year, when the starting bid for the fixed assets, ongoing business, goodwill, Website, mailing list and other holdings was set at $500,000.

Mallet, one of London’s most famous and venerable antiques dealerships, are opening prestigious new permanent galleries on New York’s Upper East Side.

Bonhams increased the buyer’s premium on their lower price tier for purchases this month. From March 1 a new rate applies of 17.5 per cent (plus VAT) on the first £30,000 and 10 per cent thereafter.