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Article Abstract:

The United Kingdom has seen a rise in the price of antiques and this has meant that some items have fetched far more in auctions than their estimated value. The price rise is due to a shortage of antique objects and dealers are having difficulty in locating items to sell. Objects were sold by investors in Lloyds of London who faced hard times, during the early 1990s, but these investors no longer face problems. Auction houses are focusing on the more expensive objects and are reducting the number of sales.

Used merchandise stores, Antiques & Second Hand Stores, United Kingdom, Antiques, Secondhand industry, Antique dealers

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Suite and sour

Article Abstract:

The council of ministers of the European Union (EU) is likely to vote for the introduction of artists' resale rights or droit de suite across Europe. This involves a tax paid to the artist or the artist's descendents when works are sold while the artist is alive and during a 70-year period after the death of the artist. Few artists will benefit, and they will tend to be wealthy, while the cost of the measure could hit the European art market.

Taxation, European Union, Western Europe, Art dealers, Art industry, Art industries and trade

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Affairs of the art

Article Abstract:

Rumours that LVMH head Bernard Arnault could buy a controlling stake in Sotheby's underline the growing influence of France in the art world. Sotheby's big rival Christie's is owned by Frenchman Francois Pinault, while Arnault already owns Phillips.

Mergers, acquisitions and divestments, Investments, Sotheby's Inc., Auction firms, Arnault, Bernard, Taubman, A. Alfred

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