Issue 1981 | 12th March 2011 UK £2.00 – USA $6.50 – Europe €3.95
coins & medals page 10 | LONDON
Richard Falkiner’s annual summary of London’s numismatic sales
Tax review favours art and antiques
■ Report to Treasury recommends doubling CGT relief allowance
Ivan Macquisten reports
ART and antiques could be one of the few winners in a UK government review to tighten up and streamline tax relief rules.
Proposals set out in a report published
by the Offi ce of Tax Simplifi cation (OTS) last week include doubling the allowance threshold from £6000 to £12,000 on
British Precious Metals
Our buying prices against a fi x of £874.05 are as follows am Thursday
9ct
14ct 18ct 22ct
per gram £10.22 per gram £15.89 per gram £20.43 per gram £24.98
Platinum per gram £30.75 H/M Silver per ounce £17.75
Phone for up to date prices Voted best prices in the Times
58G HATTON GARDEN, LONDON EC1N 8LX Offi ce: 020 7242 3235
silverpenguin@hotmail.co.uk
A highly important Dublin George III Box, 1810 by Aneas Ryan. Hinged lid engraved with a Coat of Arms of Robert Peel within a leaf border awarded to him by Trinity College.
9–15 June 2011 Preview: 8 June, 2011
Dublin Ireland Telephone: +353 87 2535313 email:
info@irishantiquesilver.com
www.irishantiquesilver.com A n t i q u e s Tr a de Ga z e t t e: 115 Sh a f t e s b u r y Av e n u e , L o n d o n, WC 2H 8A F. P R I N T ED IN THE UN I T ED KI N G D OM
a HAUGHTON FAIRSM For information call: +44 (0)20 7389 6555
www.haughton.com
capital gains from the sale of art and antiques before Capital Gains Tax or Corporation Tax would apply. The OTS report, commissioned as
an independent study by the Treasury – arguably to help Chancellor George Osborne raise billions in new revenues – largely focuses on areas where tax relief should be cut. There is no clear reason why art
and antiques have been singled out for favourable treatment, although such an extension of tax relief would be seen as a reward for investment which encourages trade, thereby supporting employment, whereas many of the proposed cuts apply to areas of subsidy. If accepted, it would be the fi rst time
the allowance threshold has been raised for art and antiques for 22 years.
Antique Do-Buy 925 Ltd O F HA T T O N G AR D E N China trade reaches Isle of Man
BRITAIN’S smaller regional auctioneers continue to enjoy major prices for Chinese works of art. This mark and period Qianlong (1736-96) doucai jardinière, 9in (23cm) high, achieved a house record for Douglas auctioneers Murrays (incorporating Chrystals) on February 25. Three of London’s top Asian art dealers fl ew to the Isle of Man to view the
piece earlier in the week and six telephones were booked for the day of sale. Bidding quickly rose above the £40,000-60,000 estimate courtesy of a pre- emptive bid of £300,000 from a Chinese agent in the saleroom but the fi nal moments of a ten-minute contest were conducted by a London-based Chinese dealer and a Chinese lady bidding on the telephone from Hong Kong. The latter was successful at £520,000 (plus 12.5% buyer’s premium).
Dealers Association feature L&W Duvallier Irish Antique Silver IN THIS ISSUE – SEE PAGES 49 TO 51
Image courtesy of Sandra Cronen
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