The big London auction houses believe their markets are resilient as British buyers seek alternatives to mainstream investments and foreigners take advantage of cheap sterling. So, while commercial property funds were “gated”, gilt yields tumbled and parts of the stock market struggled, collectors have set a series of record prices in West End sales. Helena Newman, the head of Impressionist & Modern Art for Sotheby’s,… This mid 19th-century timepiece is being auctioned by Bonhams (estimated at £1,500 to £2,500) Gordon Roland Peden/BonhamsThere wasn’t too much talk of Brexit or storm clouds at the Sotheby’s private view of Old Master paintings on Monday as collectors and society types drank Cuban cocktails under the gaze of Flemish madonnas.

Source: The Times July 08, 2016 15:56 UTC