Ranchi Art and Antiquarian Books' Blog

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  1. The announcement that London's Vilma Gold Gallery is closing comes as no surprise and the reason for the closure stated as “an endlessly accelerating global cycle of [art] fairs” only reinforces the fear that the market has reached saturation. 
    The situation reminds me of a comment made by a colleague at a once popular Birmingham Art auction house that "there are now too many pictures and not enough customers" which led him to announce that he is no longer buying new stock but concentrating on emptying his store-room. Not long after this the same auction house announced that they were discontinuing their regular Art auctions and replacing them with a combined Art/General sale.
    Too many venues obviously leads to cut-throat competition between vendors and in turn leads to retractions from the market which in time will hopefully lead to stability overall.
    In the meantime art collectors can benefit from this situation.

    See full details of the Vilma Gold closure at this link :  Vilma Gold Gallery

     

     

     

  2. There appears to be a surfeit of paintings on the market at this time and the many auction houses are desperately struggling to place more and more paintings into their sales at an ever increasing pace. Despite this I do not see the appropriate reaction in market terms as the prices still keep increasing in apparent contradiction to the laws of supply and demand. Some UK auction houses are still maintaining very good turn-over rates but inevitably some are running on 20-30 % art sales and these houses predictably are reducing their exposure to the art market by turning to more ancilliary trade lines. Consequently, there will be a slow decline in the number of houses dealing in paintings and pictures in the next 12 months. This reduction could benefit the market overall and bring about a natural correction to the current over-supply as far as buyers are concerned. Markets are fickle and it will be interesting to see how this year progresses.

  3. Deliveries are now back to normal following the holidays.

    Note that orders made on a Friday for UK delivery will usually be dispatched the following Monday to avoid the package being held by couriers over the weekend (with the exception of books which will be dispatched the same day). 

    If you have requirements for delivery please note this on your order or email me directly. Note that items valued over £20 will usually be dispatched by signed-for mail which will require a signature on delivery - if this is a problem (ie no one at home during delivery times) please advise me and your requirements. 

    Contact me for any queries. 

    Thanks. 

  4. Please note that Ranchi Art & Antiquarian Books' Shop is now open and trading as normal 24/7 online at http://www.ranchiartandbooks.co.uk/ourshop/ for delivery Worldwide. 

    With the forthcoming Christmas and New Year Holidays, orders made today will be delivered by the end of December 2016 in the UK and by the end of the first week of 2017 Worldwide. Orders made during the holiday period will be dispatched at the first opportunity depending on courier availability and delivery advice will be given asap.

    Thank you for your interest and look forward to being of service in the New Year.