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2nd April 2011 contents News


Concern grows over scrapping of cheque guarantee Mexico sparks tribal art row in Paris


One of Hitler’s war artists emerges from the shadows London Selection Auction Reports Auction Previews Dealers’ Dossier Dealers’ Diary Art Market Antiquarian Books International Events Fairs & Markets Classified The Back Page Subscription form Index of Auction Advertisers Auction Calendar


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George Wade Carl Nestor £29,000 clock continued from front page


were replacements and the balance wheel movement later converted to an anchor escapement, there was plenty of confidence in its authenticity – helped by a generous layer of dirt suggesting it had not been cleaned for over a century. There were nine interested parties with


bidding on phones, the internet and in the room. Although the auctioneer opened proceedings at £1000, pre-emptive bids of £7000 and then £13,000 were tendered by a bidder in the room before two other combatants took the final price to £29,000. It was sold to a private UK buyer. Roland Arkell


Precious metals


On Friday, March 25, Michael Bloomstein of Brighton were paying the following for bulk scrap against a gold fix of $1434.00 (€1012.35, £890.18)


GOLD 22 carat – £736.82 per oz (£24.56 per gram) 18 carat – £624.94 (£20.09) 15 carat – £520.78 (£16.75) 14 carat – £486.06 (£15.63) 9 carat – £312.47 (£10.05)


HALLMARK PLATINUM £28.63 per gram


SILVER £19.28 per oz for 925 standard hallmarked


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plan is slated for 2016. LAPADA, the art and antique dealers’


association, have been looking into the issue and are in the process of polling members on the proposed changes. The forthcoming LAPADA newsletter


includes an article by Kevin Fisher, partner at Myrus Smith Chartered Accountants, who states: “The only plus point is that the timetable over the next seven years does require acceptable and widely accessible alternatives to be in place and in use before the final withdrawal of cheque clearing. Indeed, the possibility of retaining paper payments is one of the issues to be considered in the 2016 review.” Mr Smith adds: “It is perhaps a little late for protests against the basic principle of withdrawal, but it is important for all groups who may be adversely affected to make themselves heard.” For art and antiques dealers, cheques


are an important alternative to carrying large amounts of cash at fairs, and the stubs act as an important record of transactions when for buying stock. One of the key challenges for the


future will be providing an acceptable alternative in this situation. Chip-and-pin portable handsets are


used at a number of fairs already, but they are generally subject to a rental charge and there can be problems obtaining a signal, particularly at events taking place in large venues such as the bigger showgrounds. Transactions via mobile phone are


expected to become more commonplace and pre-loaded payment cards (like O2 Money) will also play an increasingly important role in the coming years. Cheques have been around as a


method of transaction for 300 years and Stephen Alambritis of the Federation of Small Businesses said: “We are opposed


news


“The possibility of retaining paper payments is one of the issues to be considered in the 2016 review”


continued from front page


to the Payments Council dictating this at the behest of the big banks when cheques are still hugely popular as a method of payment.” With 2018 as the projected date for


phasing out cheques at the moment, the Payments Council told ATG that it was strongly committed to consulting consumers and small businesses on the issue, and then coming up with “viable alternatives”. It has launched a series of ten regional


workshops in collaboration with the British Chambers of Commerce to advise and support companies on existing alternatives, and to explain what will be happening over the next few years. More information about the


workshops can be found on the Payment’s Council’s website: www.paymentscouncil.org.uk.


PEOPLE


THE funeral of the former Pimlico Road dealer John Hobbs will take place at Mortlake Crematorium (Kew Meadow Path, Richmond) at 2pm on Thursday, March 31. The family suggests memorial contributions be sent to Battersea Dogs & Cats Home, 4 Battersea Park Road, London, SW8 4AA (cheques should be made payable to Battersea Dogs & Cats Home).


WE regret to announce the death of Mike Deasy in Brighton on March 16. Mike was involved in the antiques trade for over 50 years, trading in Brighton, Henfield, Partridge Green, Lewes and the USA. He and his late wife Peggy were one of the first to ship containers of antiques to the USA and Italy.


He was latterly married to Helen. The funeral will be held on March 31 at 12 noon at Corpus Christi Catholic Church in Henfield, West Sussex.


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