Sep 4, 2017
I was astonished by news this week that an online auction site for cars had notched up over £1 billion in sales so far. The site in question, Car Dealer, launched in 2010, so it has had seven years to do this, but nevertheless, it is probably only in the last four or five years that online bidding for items costing thousands of pounds has really taken off, so it would be interesting to see how much of that £1 billion has been turned over during the last two or three years. One news report said that year-on-year growth was 11.5%, but didn’t specify what that growth referred to. Was it growth by unit volume or value?
This year’s Hiscox Online Art Trade Report recorded a 15% rise in global art and antiques sales online at $3.75 billion (currently about £2.9 billion), but that’s for everyone. The report predicts that if this trajectory continues it will be over $9 billion by 2021. Perhaps most interestingly, Christie’s, the biggest player in the field, reported an 84% rise in online sales to £49.8m for 2016, while its sales overall sales for the year fell 16% to £4 billion.
So it looks like the trend in the auction market is inexorably online. Not to worry, though; despite this almost no one is talking about getting rid of bricks and mortar auction rooms – they’re just too much fun to visit.
Aug 29, 2017
Although we haven’t had much of a break over the summer in Fernhurst, like others the beginning of September marks the start of the new season for us. We have just relaunched our website to make it more user friendly, and this is part of the drive further along the road of demystifying the auction process. The fact is that while people are used to going down to the shops and increasingly buying things online from the likes of Amazon, a significant number still avoid the best way of buying: at auction.
It’s no use people like me complaining about this; it’s up to us to prove our point and make the whole process as easy and accessible as possible so that the general public discover this truth for themselves.
That’s not to say that auctions haven’t come on leaps and bounds over the past decade or two. Catalogues? Estimates? Time was when you would have been lucky to find either, a state of affairs that dealers were only too happy about as it meant they didn’t get any competition for bargains from private buyers. I’m glad to say that times have changed and many more people are happy to consign their belongings and bid in the room, via the phone, on commission or live via the Internet. But we could be doing more still and I intend to continue doing my bit.
Aug 27, 2017
We are now offering a valuation service on all viewing days. Please do bring along any items to be valued and one of our expert specialists will be available to advise you. Please note however that this will NOT be available on sale days. If you would like to call the office to arrange this or a house visit, please call 01428 653727.
Aug 21, 2017
Nowadays people dress in all sorts of peculiar clothing, but it’s less than 100 years since simple everyday etiquette determined that ladies and gentlemen would not dream of leaving the house without a hat and cane.
While the hat persisted well into the 1960s, the cane or walking stick started to fall out of use in the early 1930s, but as Cane Mania, the International Society of Cane Collectors and the recent annual seminar in Kensington attest to, this is a rich field of collecting, and you will find any number of exotic, entrancing and elegant examples at auction.
The tradition of carrying a cane dates back to the 1550s and, along with the wide variety that developed came a whole field of etiquette about the way to carry a cane and what it could be used for. Obvious uses include its role as a defensive weapon and a support while walking or climbing steep slopes, although as early as the 16th century it was deemed unseemly for a gentleman to lean on his cane.
They have also provided an outlet for master carvers to pursue their art, as well as inventive souls to develop hidden contents or gadgets, such as swords, compasses and even mini hipflasks.
We may have no practical use for canes any more, but as an art form they are as fascinating as ever.
Aug 16, 2017
BUYING SECTION – PAYMENTS
Following the introduction of new regulations in June 2017, we are required to conduct identification checks where customers wish to pay in cash for purchases of 10,000 Euros or more. For ease of understanding and to allow for currency fluctuation, we will value the amount to be equivalent to £7000 (GBP). The regulations state that when we accept payments at this value or over it is compulsory for us to ask for documents proving the buyer’s identity. Acceptable documents are either a ‘Photo Driving Licence’ or ‘Passport’. When producing these documents they must be originals, not copies.
Note: these regulations apply to CASH transactions only!
Cheques are accepted only by prior arrangement, and purchases paid with cheque will only be released on clearance through our bank.
You may pay with cash below £7000 (€10,000), cheque (only accepted upon prior arrangement), credit and debit cards, wire transfer or banker’s draft. Please note that as from January 13, 2018, we no longer charge a handling fee of 2% on credit card transactions. Debit cards incur no extra charge. Credit or debit card payments must be made in person unless prior arrangements have been agreed upon. For further details contact the office. You must pay for your purchase immediately after the sale. All funds must be cleared before goods are released. We request that all purchases are collected immediately after the sale. If you require us to store the items for you, this can be arranged for a fee with a member of staff.
