One of the UK's principal Fine Art Auctioneers, with General Sales,
Fine Art Sales, Collectors Sales and Sporting Sales
Lawrences in Crewkerne have joined eighteen other leading British Auctioneers to become a dominant UK force in the international market and attract high-spending buyers to their sales from China and beyond. China has been an increasingly important market for UK auctioneers as the appetite for repatriating Chinese works of art has grown exponentially in recent years. The internet is having an increasingly significant impact on individual businesses but auctioneers and their buyers have been wary of dealing with each other when they are separated often by thousands of miles and obvious language barriers.
In an unprecedented move, the group of auctioneers has launched The Association of Accredited Auctioneers (Triple-A) and forged commercial links with Asia’s only on-line live bidding portal www.epailive.com. This service promotes Triple-A auctioneers’ sales directly to more than 100,000 registered collectors of fine art and antiques in China and posts catalogues translated into Chinese online.
The Association’s Secretary will be Bill Pratt, the Company Secretary and Financial Director at Lawrences and he sees this association as a significant step forward in ensuring that bids made by Chinese buyers are honoured in full so that there will be no delay in settling with consignors. On registering to bid in a sale, bidders are contractually required to commit funds to cover their purchases. This money is accessible to the auctioneer following the sale within 48 hours of the fall of the hammer.
In a statement, the AAA announced that “The biggest problems for UK auctioneers and their clients have been the difficulties of placing their sales before Chinese bidders and, because of differing practice and a culture of delay, Chinese buyers have frequently been slow in paying or have refused to pay at all. The new arrangement gives huge advantages to sellers, who will henceforth have certainty of prompt settlement. As a not-for-profit association, Triple-A will represent the highest level of standards and service in the profession, and we will jealously guard its accreditation standards with a rigid code of practice which all members must adhere to.”
The implementation of the ideals of the Association will be monitored closely by The Society of Fine Art Auctioneers. The Chairman Elect of this Society is Helen Carless, Lawrences’ Managing Director, and she and Bill Pratt will be watching the successful development of the AAA in the coming months.
The Sales Results for our November Militaria, Collectors and Sporting Sale may be viewed by selecting the 'Auctions' tab above, 'Past Sales' and then by viewing the catalogue for the relevant sale. The sales results are listed next to each item.
If you have any queries, please telephone 01460 73041.