'London rare art market - why all eyes are on London's art auctions'

paulfrasercollectibles

2015-06-26 12:03:03

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'London rare art market - why all eyes are on London's art auctions'

Paul explains why all eyes are on the London art market - possibly 200 million of them!

I have to admit I had a little chuckle to myself this week.

Another dinner party, the usual question from a stranger...

"What do you do for a living?"

I explained than I ran a collectibles company.

"Collectibles? People still collect do they? Is there any money in that?"

I explained that there were over 200m serious collectors around the world who would go to major lengths to secure the superior pieces for their collections.

And that the market was expected to double in size in the next 20 years.

I then quoted him our newsletter on Saturday that discussed the rare watch market.

"Over $56m of rare watches sold at auction in the last 2 months."

And then I thought some more...

"Oh, approximately $175m in autographs have sold in the same period"

"And 25m of military medals"

The look on his face suggested he had come to the conclusion that, yes, there was money in collectibles.

This week all eyes have turned to the London Art market.

The art market has astounded most people this year.Picasso's Nude, Green Leaves and Bust recently sold for $106.5m, making it the most expensive piece to ever sell at auction.

So how would London fare?

Well first up yesterday was Sotheby's.

You can read the full results on this link. But here's a quick summary:

Edouard Manet "Self-Portrait with a Palette": Sold for22m. A World Record

Andre Derain "Arbres Collioure": Sold for 14m. A World Record (smashing the previous record of 8.6m)

Edouard Manet "Bouquet de Pivoines": Sold for 7.66m (estimated at 4m)

Next up is today's Christie's auction, of Picasso, Monet, Klimt and others which is expected to break new records for a London art auction.

We'll be bringing you the results of the Christie's auction tomorrow.

Giovanna Bertazzoni, Director and Head of Impressionist and Modern art at Christie's, London commented:

"There is a fierce international demand in the art market, particularly for the rarest and the best, and the market itself is now truly global as illustrated at our auction in New York in May where we saw bidding from Russia, China and the Middle East, as well as from Europe and the Americas."

Giovanna sums up what other experts in the collectibles business have been telling us. Here's a summary...

Rare Books:

"the more experienced collectors recognise that the current economic climate offers few competing investment products"

Watches:

"The growth has been so tremendous over the last 10 years it has been exponential."

Autographs:

"we are achieving record increases in the number of buyers with each auction we hold"

Whisky:

"Whisky collecting is on the rise, and spreading across the globe"

So the answer is a definitive "yes."

Yes, people do collect.

Yes, collectors are making money from high-end collectibles.

And the best bit is that no matter what your interest there is a collectible for you.

We deal in 12 of the most popular, and profitable, areas of collecting.

Have a look at the links below.

Click on the one that interests you the most and we'll explain how it's possible to profit from items you are passionate about.

Art - Autographs - Books & Manuscripts - Classic Cars - Coins - Medals & Militaria - Memorabilia - Space & Aviation - Stamps - Unique items - Watches & Jewellery - Wine, Whisky & Cigars

Regards

Paul

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