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Fiona Shoop - How to Profit from Auctions

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Fiona Shoop How to Profit from Auctions

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TV Programs like Bargain Hunt and Cash in the Attic have increased the publics interest in attending auctions. This invaluable guide shows all the tricks of the trade from looking for costly scratches hidden under labels when buying to negotiating for a better rate when selling, as well as how to arrange free collection and getting the best from your local auction house. Whether you want to learn how to bid so youre seen by the auctioneer or want to ensure your commission bid stands a better chance, antiques expert, Fiona Shoops advice could make you thousands. Contains a glossary to decipher common auction terms, as well as a detailed county by county auction directory with over 600 auctions listed.

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Table of Contents ACKNOWLEDGEMENTS Writing a book relies on the help and - photo 1
Table of Contents

ACKNOWLEDGEMENTS

Writing a book relies on the help and kindness of others and I would like to thank the following, not just for their help with writing this book but, in many cases, for their assistance over the years when I was an antiques journalist and editor:

Sandra Shoop for teaching me to bid when I was six. More than three decades on, Ive definitely got the knack.

Lisa Freeman-Bassett of Cheffins and Bruce Cairnduff of Dreweatts, and its various incarnations, who have been a delight to deal with over the years and who supplied dozens of images for various publications, including this book. They work for two of the best auction houses (or several in Bruces case) in the country.

Mark Oliver at Bonhams for showing me how to catalogue properly and for helping to turn my china collection into an Eighteenth Century thatch cottage when I was only 21.

Gorringes of Lewes and all of their staff for allowing me to take so many photographs.

George Kidner in his Lymington saleroom for his help over the years with buying and selling, writing articles and books and even filming TV shows. George Kidner Auctioneers is still one of my favourite auction houses.

Charles Ashton and Sarah Flynn at Cheffins for their advice, images, information and, in Charles case, for helping me sell my dads estate.

And to everyone else who has sent me press releases and images for this book and various publications since I started writing about antiques in 1992 a decade after I started dealing. Thank you.

SECTION FIVE
INFORMATION AND AUCTION DIRECTORY
Regency mahogany and ebony inlaid knife box est 2000-3000 PUBLICATIONS - photo 2

Regency mahogany and ebony inlaid knife box, est 2,000-3,000.

PUBLICATIONS AND WEBSITES

T HERE are a number of antiques publications, some of which also have auction listings. Magazines and newspapers include:

Antiques Diary www.antiquesdiaryonline.co.uk or ring to subscribe, 01425 280340

Antiques Info www.antiques-info.com or ring to subscribe, 01843 862069

Antiques Trade Gazette ww.antiquestradegazette.com or ring to subscribe, 020 7420 6601

Apollo www.apollo-magazine.com or ring to subscribe, 01795 592884

BBC Homes and Antiques www.homesandantiques.com or ring to subscribe, 01795 414740

Collect It! www.collectit.info or ring to subscribe, 01778 392460

Dont miss out on must-buy lots such as this Newlyn copper teaset Make sure you - photo 3

Dont miss out on must-buy lots such as this Newlyn copper teaset. Make sure you know whats going on in the auction world. WW.

WEBSITES

www.antiquestradegazette.com
www.artfact.com
www.auctionhammer.co.uk
www.governmentauctionsuk.com
www.invaluable.com
www.the-saleroom.com (part of Antiques Trade Gazette )
www.ukauctioneers.co.uk

RECOMMENDED READING

Bannister, Judith (ed.), British Silver Hallmarks (W. Foulsham & Co. Ltd)

Bradbury, Frederick, Bradburys Book of Hallmarks (J. W. Northend Ltd)

Danckert, Ludwig, Dictionary of European Porcelain (NAG Press)

Godden, Geoffrey A., The Encyclopaedia of British Pottery and Porcelain Marks (Barrie & Jenkins). N.B., Known as Goddens in the trade

Shoop, Fiona, How to Deal in Antiques (How To Books, 4th Edition, 2009)

Shoop, Fiona, How to Profit from Car Boot Sales (Remember When)

Yates-Owen, Eric and Fournier, Robert, British Studio Potters Marks (A & C Black)

AUCTION DIRECTORY

A UCTIONS vary hugely from proper auction houses with several days of viewings to village halls with evening auctions which only have viewings that afternoon. In each case, both quality and expertise also vary hugely. The following directory is divided into counties. Please note, inclusion in these listings is not necessarily a recommendation but this directory has been assembled to give as full listings as possible.

Whilst compiling this directory, I noticed that several auction houses offered to buy goods with cash directly from sellers. Whilst I am sure most of this is perfectly legitimate, I personally would never advise doing so. Never sell to the person valuing your goods, be it an auction house employee on behalf of themselves or their auction house (or an antiques dealer). Their job in that situation is to think of their profit margins, not your needs. Instead, either sell the goods via their auctions or, if you dont feel comfortable, sell through another auction house. Anyone with a vested interest is not working in your interest.

Not all auctions take place in salerooms Some auction houses use larger venues - photo 4

Not all auctions take place in salerooms. Some auction houses use larger venues such as hotels, racecourses and showgrounds. There are also auctions in peoples own houses, such as this superb one-off auction in Fowlmere run by Cambridge-based Cheffins. Its great for buyers, as its more interesting than a saleroom and you get to see how goods look in a more natural setting though Id never want strangers traipsing through my house. Id always worry just what went home with them, no matter how good the auction house and its staff. Its why Id never recommend anyone doing a house sale, even when selling an estate (see p166). CH.

O ff ices versus Sa l erooms

Not all auction houses have salerooms in the areas listed. Some, such as Bonhams, also have offices where they value goods and arrange for them to be sold at one of their salerooms. In this case, ask them to arrange transportation.

Other auction houses have small offices but rent space at large venues such as hotels, racecourses and showgrounds. In these cases, where possible, I have listed their office address so you know where to take goods for valuations. Never sell at an auction house where you dont have a full address to see where your goods or money have been taken.

Choose your saleroom carefully this extravagant San Demos armchair part of a - photo 5

Choose your saleroom carefully, this extravagant San Demos armchair, part of a suite, and The Beatles guitar would be out of place in a traditional, country auction and the prices achieved would reflect that.

Registration A cts

The whole of Scotland and 10 other areas are covered by Registration Acts where dealers, even occasional ones, need to register with Trading Standards before selling in these areas at antiques fairs, centres, car boot sales and to be a regular seller at auctions. However, you do not need to register to buy at auctions in these places, as long as you are not intending to sell in any of the areas listed:

  • Scotland The whole of Scotland is covered by a Registration Act, whilst some cities, such as Glasgow also have their own registration requirements. Ask before selling regularly at auctions
  • Greater Manchester
  • Hereford City
  • Humberside
  • Kent
  • Lancashire
  • Merseyside
  • Newcastle
  • Worcester City
  • Yorkshire (North)
  • Yorkshire (South)
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