• Short Summary

    A group of silver dealers walked out of the first sale of the season at Sotheby's, the auctioneers, on Thursday (4 September) in protest against the introduction of a buyers' premium.

  • Description

    A group of silver dealers walked out of the first sale of the season at Sotheby's, the auctioneers, on Thursday (4 September) in protest against the introduction of a buyers' premium.

    Both Sotheby's and the other major auctioneers, Christie's, recently imposed the ten per cent commission which both the buyer and seller must pay.

    At first, the silver dealers, many of them members of the British Antique Dealers' Association, said they would boycott the auctions completely. Later they decided to attend but refused to bid. After several lots had been auctioned, the dealers left their accustomed places at a horse-shoe-shaped table beneath the rostrum and left the room. Only one foreign dealer was left at the table, in some bewilderment.

    In spite of the protest, Sotheby's sale totalled "better than normal" prices.

    The directors of the sales room appear to be taking the protest in their stride and with gentlemanly charm. The Deputy Chairman, Mr. Graham Llewellyn, remarked "We thought the protest was an extremely dignified one. They could not have done it in a nicer way".

  • Tags

  • Data

    Film ID:
    VLVA268GVMJPARFQGNDZPK2IMUNBR
    Media URN:
    VLVA268GVMJPARFQGNDZPK2IMUNBR
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    05/09/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:10:00
    Time in/Out:
    /
    Canister:
    N/A

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