Issue 1984 | 2nd April 2011 UK £2.00 – USA $6.50 – Europe €3.95
fairs & markets page 58 | NOTTS & LINCS
Joan Porter takes a trip round the shops and fairs of Lincoln and Newark
Concern grows over scrapping of cheque guarantee
■ Campaign starts to fi nd a viable alternative payment for trade standing at fairs
Alex Capon reports
THERE is growing concern in the art and antiques trade about the termination of the cheque guarantee system this summer.
Cheques will continue as a means
of payment until at least 2018, but the cheque guarantee facility for all bank cards will end on June 30 this year. Some banks have already stopped issuing new cheque guarantee cards. Over the next few months, banks will
be contacting businesses that still use and accept guaranteed cheques to make them
375 Live Ltd O F HA T T O N G AR D E N Precious Metals
Our buying prices against a fi x of £890.34 are as follows am Thursday
9ct
14ct 18ct 22ct
per gram £10.42 per gram £16.26 per gram £20.84 per gram £25.46
Platinum per gram £29.70 H/M Silver per ounce £19.50
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
aware of alternative payment schemes. According to the UK’s Payments
Council, which is overseeing the change, the use of the cheque guarantee system has fallen 65 per cent in the last fi ve years and “it would be better for all parties” if its decline was coordinated by setting a closure date. Only seven per cent of all cheques
written nationally were supported by a guarantee card in 2009, but some members of the trade have said they are opposed to the scrapping of a system that assured vendors that a cheque would be honoured by the bank. One London dealer told ATG: “This
seems to have been decided by bankers not acting in the interests of their own customers. It is part of their outrageous plan to phase out cheques in general.” The eventual phasing out of cheques
themselves is of even more conern to the trade, many of whom rely on them in their day-to-day business. A review of the
continued on page 4 L&W Duvallier Irish Antique Silver
A Dublin George III dish ring by Wil- liam Homer circa 1765
We are always interested in buying Irish silver
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
Time capsule from James I
The highlight of the two-day sale conducted by Rosebery’s of West Norwood, London on March 15-16 was this unsigned lantern clock, left, consigned ‘in the rough’ by a private vendor. Although catalogued as William III and estimated at £700- 1000, the 15in (39cm) clock is certainly from the so-called First Period of lantern clock making and probably as early as 1610-20. The round- shouldered urn fi nials, a single ‘ring of roses’ dial pattern, ringed ball feet and the hand design are all Jacobean features, putting the clock close in time to the fi rst true lantern clocks recorded – those signed for Robert Harvey c.1602-15. The West Norwood clock was thought to be by his younger brother Thomas, who was made free in the Clothworkers’ Company in 1615, but working as an apprentice for the family fi rm before his brother’s death. Although the frets
continued on page 4
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