THE ACQUISITION OF DREWEATTS & BLOOMSBURY AUCTIONS
We are delighted to inform our clients about the very exciting developments arising from the recent acquisition of the Dreweatts and Bloomsbury Auctions business by Stock Exchange listed Noble Investments (UK) PLC. We now occupy the same stable as their 140 year old rare coin, banknote and medal business, A H Baldwin & Sons Ltd and their stamps business Apex Philatelics, thereby significantly increasing the breadth of specialist expertise that we are able to offer our clients.
Our world class Bloomsbury Auctions antiquarian books, contemporary art and works on paper business of course remains headquartered in Mayfair's Maddox Street. Likewise, through Dreweatts and our quintessentially English country house premises at Donnington Priory, we will naturally continue to provide our estates valuation and auction services for antiques, art, jewellery & silver, ceramics, wine and the myriad other disciplines that have evolved over our 250 year history.
Noble's Baldwin’s and Apex businesses provide our clients with access to market-leading expertise in rare coins, banknotes, tokens, stamps and autographs. In fact, our broad-based and multidisciplinary Dreweatts platform sets the new group apart from most of our competitors in offering both general estates and highly specialised collectibles expertise at all price points and without the minimum value thresholds that some firms have introduced in recent years. Our services, supported by an annual calendar of over 150 scheduled auctions, offer clients the most flexible auction formats and turnaround times in the industry. In addition, and through its principal trading activities, Noble's strong balance sheet offers us the opportunity to consider more creative solutions to the disposals needs of larger collections and estates.
We will naturally continue to deliver our clients ever greater levels of service and professionalism and, as the only UK stock exchange listed auctioneer of fine art and collectibles, we are now in the unique position of both demonstrable transparency and security as regards the safeguarding of client property and funds. Furthermore, when aggregating our sales volumes with the turnover of Noble's auction activities, the group will have achieved top-line sales of around $100,000,000 in 2012.
We are delighted at this new opportunity to build on the successes that both Dreweatts and Bloomsbury have had in recent years.
13 February 2013