Wooley & wallis

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Post by ppcollectables on March 24th 2019, 3:30 pm

A lot/most/all auction houses have put up prices this year I think it partly coincides with not being able to charge more for credit card payments anymore. Not that I'm trying to make excuses for them. It just means you have to bid lower to take into account higher fees. Don't forget that 25% + vat = 30% and anyone daft enough to bid via the saleroom will pay another 7% on top.
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Post by 22 Crawford St. on March 24th 2019, 3:59 pm

Thieves in auctioneer's clothing
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Post by denbydump on June 3rd 2019, 9:16 pm

Some nice stuff

https://www.woolleyandwallis.co.uk/departments/20th-century-design/da190619/?p=1&s=40&v=list
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Post by philpot on June 4th 2019, 7:13 am

Their Arts & Craft sale. Lot of lovely Martin Bros and Pilkington, but the studio offering is fairly minor. As a footnote to costs in previous postings. If you bid Online through the Saleroom the Buyer's Premium, Online sales Platform Premium, + VAT, add up to a whopping 35.9% 'Buyer's' charge. That does not include any Artists Right premium on the higher value items.
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Post by ppcollectables on June 5th 2019, 9:11 am

Like a no. of other auction houses they now offer their own on-line bidding which does not incur any extra fees.
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Post by 22 Crawford St. on June 5th 2019, 1:37 pm

Do you think that auction houses will go the same way as the high street and simply not be needed any more? All going online? If they gave better descriptions and some form of returns policy (not caviat emperor). I mean it's happen to many banks, video shops = *poof* gone! So in twenty years there may not be any auction rooms.
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Post by philpot on June 5th 2019, 5:17 pm

No, because terrestrial auctions operate under a different set of laws that does not make them liable to normal consumer legislation. The 'Caveat Emptor' is exactly how they do their business, and the law protects them.
In recent years of course, they have attracted a lot more joe public, and are acting more like normal galleries. So maybe in the future the law might be changed. But that is pure conjecture.
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Post by 22 Crawford St. on June 6th 2019, 8:22 pm

Perhaps these crazy high commission prices are symptomatic of the poor state of the provincial auction house ATM? Methinks they are becoming harder and harder to make money from.
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Post by philpot on June 7th 2019, 8:21 am

The buyer's commission has steadily increased since it was first introduced by the Big London auction houses three decades or more ago. With a lot more general public buying direct from auction, and the general winnowing of the antique trade, its only a logical progression.
Sothebys, Christies have gone substantially upmarket in the price level at which they start. Hence the demise of Christies South Kensington. So there is a very clear gap in the auctioneering market for sub a couple of thousand £ items. The gap that the provincial 'Fine Art' auctioneers, have tried to secure in the past decade. Some have suceeeded, some not done so well. The costs in terms of prestige offices, experts, detailed cataloguing etc are a good deal more than your average run of the mill auctioneers. Mind you, most of them are still part of businesses that do estate agency, commercial property, surveying etc which have been going for well over 100 (some 200) years.
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Post by ppcollectables on June 7th 2019, 9:59 am

I think Philpot has got it about right, art auctions are often only one strand of businesses. Also to attract quality items the sellers commission will often be a lot less than for buyers. I regard viewing at a quality sale like visiting the V & A but being able to handle all the exhibits. I know a lot of members think the internet is best but even ebay has steadily increased its charges - inc taking commission on postage ! - then there are paypal fees etc.
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