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Stanley Gibbons Acquire Mallett in £8.6M Deal

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Stanley Gibbons Acquire Mallett in £8.6M Deal antiques trade gazette User: IVAN/TD Issue No: 2161 Issue Date: 11/10/14 File Name: NE01-03 PROOFED: Koopman Rare Art Issue 2161 | 11th October 2014 UK £2.25 – USA $6.50 – Europe €3.95 Paul Storr Exhibiting at The International Fine Art and Antiques Show, New York 17th-23rd October Stanley Gibbons acquire Mallett in £8.6m deal Bralsford said: “Stanley Gibbons is ■ Mayfair dealers join committed to delivering its established Dreweatts & Bloomsbury, Apex strategy to become a leading online and Baldwin’s in new group collectibles marketplace and a global auction house for fine and decorative arts, Above: Bathing Machines, Aldeburgh by Eric Ravilious –£265,000 at JS Auctions. Ivan Macquisten collectibles and other valuables. reports “We are delighted that the board of Mallett has recommended the offer, a Rediscovered Ravilious sets logical and affordable next step for us STANLEY Gibbons are to to acquire a valuable brand and relevant acquire Mayfair dealers assets. The Mallett business will expand new record at £265,000 Mallett in a deal said to be Stanley Gibbons’s expertise into an adjacent collectibles area, drive significant WHEN Ann Ullmann, the daughter of Eric Ravilious (1903-42), visited worth £8.6m. cross-selling opportunities across the J.S. Auctions’ newly refurbished salerooms in Banbury in August, she declared The deal, just announced, caps almost combined businesses and build a stronger herself delighted to see this previously unknown 16 x 20in (41 x 52cm) watercolour, a year of the stamp and coin specialists auction platform in the collectibles above, by her father for the first time. spreading their influence through the marketplace.” She described Bathing Machines, Aldeburgh, dated August 1938, as “an wider art and antiques world following Mallett’s non-executive chairman absolute corker! Interesting subject matter, superlative technique, and as ever their acquisition of Noble Investments last Lord Daresbury added: “The Mallett faultless design”. November. Board believes that Mallett’s business Bidders agreed when the painting was offered for sale with an estimate of They will now count Dreweatts, would benefit from becoming part of a £40,000-60,000 on September 27. With eight phone lines and various bidders in Bloomsbury, Baldwin’s and Apex larger group with resources to support the room, it sold to a London buyer at £265,000 (plus 18% buyer’s premium). alongside Mallett in their group, giving its development. In addition, the offer The proceeds represented a boon for the owner whose late wife – seemingly them high-profile brands that range more provides Mallett Shareholders with the with no knowledge of the artist and believing it to be a print – had bought it widely across the market as both dealers opportunity to realise their investment in and auctioneers than almost anyone else. continued on page 2 Stanley Gibbons chairman Martin continued on page 3 Deliciouslyorkshire and Fodder working together to encourage The more people to Eat Yorkshire! Harrogate Antique Fair 15th – 19th October 2014 Harrogate International Centre Hall M – bottom of Parliament Street Open genuine in Wednesday 2.00pm - 8.00pm association with Thursday 11.00am - 6.00pm antiques Friday 11.00am - 8.30pm Saturday 11.00am - 6.00pm from Sunday 11.00am - 5.00pm Raising money for trusted Admission: £7.50 including catalogue Enquiries to 01823 323363 Supporting people with dementia and research dealers www.harrogateantiquefair.com into Scleroderma Antiques Trade Gazette: Harlequin Building, 65 Southwark Street, London SE1 0HR. PRINTED IN THE UNITED KINGDOM PAGE 001-3 2161.indd 1 10/3/2014 4:13:29 PM antiques trade gazette anti User: IVAN/TD Issue No: 2161 Issue Date: 11/10/14 File Name: NE01-03 PROOFED: Use 2 11th October 2014 contents news Dealers’ Diary eBay to split from PayPal FRIEZE MASTERS Preview of the fair everyone wants to be at Page 28-32 ONLINE auction site eBay plans to spin companies, allowing each to focus off its PayPal business into a separate on its own strengths. Despite its London Selection Page 10-13 publicly traded company next year. prodigious growth – PayPal facilitates From 2015 there will be two one in every six dollars spent online Auction Reports Page 20-22 independent companies: eBay, today, with total payments over the last encompassing a portfolio of global 12 months up 26% to $203bn – PayPal Auction Previews Page 24-25 trading platforms (such as eBay and faces competition from emerging Gumtree), and PayPal, for facilitating providers, including Apple’s recent Art Market Page 34-36 online payments. announcement of a payment system Investor pressure is thought to be for the iPhone. Antiquarian Books Page 38-40 behind the move. Having tried and failed to build its Whether or not to separate has own payments system, eBay bought International Events Page 43-55 been a moot discussion for some time dominant rival PayPal for $1.5bn in sta Page 28-32 among major eBay shareholders. 2002, introducing the payment option Index of Auction Advertisers Page 57 The winners of the argument say to the UK eBay site in 2004. Some conti that a split would end the conflicts analysts believe the business could now Auction Calendar Page 57-63 Follow us on Twitter of interest that exist between the be worth more than $30bn. cash Th Fairs & Markets Page 65-68 of on Ravilious record dealin Classified Page 69 continued from front page strug move Subscription Form Page 64 @ATG_Editorial privately only a year ago from a deceased surro estate. J.S. specialist Sarah Lewis told the fo The Back Page Page 70-71 ATG it had arrived in the back of a van Ho Find us on: together with a £15,000 Edward Bawden an inc watercolour showing the back of Brick for 20 House, Great Bardfield, and a mass of repor prints of no value. an inc CONTACTS As indicated by labels to the reverse £100 Antiques Trade Gazette, of the original sycamore frame, Bathing Fig Harlequin Building, 65 Southwark Street, London SE1 0HR Machines, Aldeburgh had been bought sales 020 3725 5500 from the artist’s exhibition at Henry Tooth Malle & Sons in May 1939. £6.8m MANAGING DIRECTOR Anne Somers INTERNATIONAL ADVERTISING Scholars were aware of the existence of show Nadia Brice +44 (0) 20 3725 5607 Editor Ivan Macquisten a work with this title, although it has been over d [email protected] Deputy Editor Roland Arkell attributed to a different painting. Th Philip Hebard +44 (0) 20 3725 5608 VAN GOGH IN BLOOM James Russell, biographer and expert they Commissioning Editor Anne Crane [email protected] Above: Still Life, Vase with Daisies, painted by on Ravilious who prepared the catalogue to clo News Editor Tom Derbyshire Vincent van Gogh at the home of his physician footnote for J.S. Auctions, said the artist cost-c Phoebe Armstrong +44 (0) 20 3725 5613 Dealers’ Diary Anna Brady [email protected] Paul Gachet just weeks before he died, carries painted three watercolours of the blue- “max an estimate of $30m-50m at Sotheby’s New and-white-striped bathing machines he Ba Editor at Large Mark Bridge York on November 4. It will be on view in saw on Aldeburgh beach in the summer Stanle Sales Director Simon Berti SUBSCRIPTIONS 020 3725 5501 London from October 12-18. of 1938. In this case the composition is Nove Polly Stevens Head of Sales Sharon Davies This study of wild flowers in a terracotta vase centred on the parking sign and its shadow, their [email protected] Office Manager Bea Barber was painted in June 1890 in Auvers-sur Oise, around which the other elements including part o where Van Gogh settled following his release an attendant, a winch and amusement their Print & Production Director Justin Massie-Taylor ATG PRODUCTION 020 3725 5620 from the asylum at St-Rémy. Renting a room at machines, are carefully arranged. opera Production Editor Muireann Grealy EDITORIAL 020 3725 5520 the Ravoux Inn, he spent his days painting the The price is a new artist’s record. Bloom Workflow Manager Clair Perera [email protected] countryside. Ravilious’ similarly-sized Wiltshire HQ in Still Life is one of the few works that Van Gogh Landscape from 1937 had sold for ADVERTISING ONLINE SERVICES [email protected] ‘sold’ during his lifetime, possibly as payment £200,000 at Christie’s on June 26. www.antiquestradegazette.com for medical consultation with Dr Gachet. It was Roland Arkell Pr Web Content Manager Alex Capon AUCTION ADVERTISING 020 3725 5602 later acquired by Gaston Alexandre Camentron, [email protected] On Emma McCann a noted early collector of Impressionist pictures, CORRECTION [email protected] of B who sold it to the Paul Cassirer Gallery in 1911. Our report in ATG No 2159 on distance www.the-saleroom.com bulk Operations Manager Carl Nestor It remained with a series of private collectors selling regulations should have noted NON-AUCTION ADVERTISING (€9 020 3725 5605 [email protected] in Germany until the mid 1920s, when it was that they are already in force and that Daniel De’Ath sent to London and then to the Knoedler Gallery it is the impact of the new Consumer GO www.i-bidder.com [email protected] 22 c Head of Operations George Wade New York where – as one of the first Van Goghs Rights Bill, passing through parliament (£2 FAIRS & MARKETS 020 3725 5603 [email protected] in America – it was sold in 1928 for $12,000 and likely to take effect in 2015/16, that 18 c Tamsyn Mason to A. Conger Goodyear. On display at the businesses need to prepare for now. ONLINE SUPPORT LINES [email protected] Albright-Knox Art Gallery in Buffalo from 1962, As noted, the full impact of the Bill 15 c it was offered for sale by Christie’s New York in on businesses dealing with consumers 14 c CLASSIFIED ADVERTISING 020 3725 5604 the-saleroom.com: +44 (0) 20 3725 5555 November 1990 at the family‘s request.
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