News

JUST as the world’s top golfers were teeing off for The Open at Muirfield last week, Scotland was celebrating another hole in one. Grants totalling more than £2m from the Heritage Lottery Fund, the National Arts Collection Fund, the Royal and Ancient Golf Club, St Andrews and private benefactors meant that the Scottish National Portrait Gallery could acquire the nation’s most important golfing painting, Charles Lees’ (1800-1880) oil on canvas, The Golfers (1847).

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.

USA: California-based show organisers Caskey-Lees will manage the first annual show for the Art and Antique Dealers League of America at the Gramercy Park Armory, New York on November 22-24.

After 236 years of auctioning wine in London and other international centres, Christie’s will be holding their inaugural sale of fine wines in Paris on September 14.

DEALERS and salvage experts are being reminded that they must adhere to strict new rules over the installation of antique fireplaces. The Guild of Fireplace Installers have sent out reminders that, under new legislation introduced on April 1, all fireplace installations, antique or reproduction, whether intended for solid fuel, oil or gas, must be fitted by a “competent person under the Buildings Regulation Act 2000”.

UK: KNIGHT Frank, who are overseeing negotiations for the sale of Sotheby’s Billingshurt rooms, have set a deadline for interested parties of July 26.