Antique dealers hammer Sotheby's online auction

PLANS BY Sotheby's to steal a march on rivals with the first major auctions in Britain through the Internet have angered art and antique dealers.

Leading dealers have been approached by the auction house and offered incentives to supply art, antiques and jewellery for the revolutionary sales.

The British art and antique dealers were made an offer on commission if they agreed to work only with Sotheby's for the next two or three years. They have to sign within seven days.

The British Antique Dealers' Association has now written to its members, warning them to be cautious of the offer as other opportunities should arise as "virtual auctions" take off in the UK.

Sotheby's New York office is spearheading the company's global move into Internet auctions.

The announcement last week immediately boosted the business's share price and follows the success of other online auctioneers such as eBay in the States. Diana Brooks, president of Sotheby's Holdings, said: "It is clear that the Internet is superbly suited for holding auctions."

Some critics claim that if Sotheby's succeeds, they would have a virtual monopoly before rivals Christie's follow suit later in the year.

One antiques dealer said yesterday that the Sotheby's deal was "outrageous and very uncompetitive. There aren't enough of these goods for normal auctions and virtual auctions as well so they need to get the dealers on board. If they do, they know Christie's won't have a chance when they start."

As goods will not be examined by the auctioneers in the way they would be in a normal auction, it is understood that Sotheby's will rely on dealers with good reputations supplying items for sale. Most dealers sell on some old stock through auction houses.

Elaine Dean, of the British Antique Dealers' Association, said the proposition was an "interesting" one that they had to take seriously.

But she said: "We are urging our members to be cautious before they sign up for something for three years. We do feel that seven days isn't very long to sign quite an extensive contract. We're saying be careful."

An art trade insider said the Sotheby's offer seemed to have outraged many of the dealers. "They feel they are being pushed around. I don't think it has gone down too well."

David Redden, an executive vice-president of Sotheby's, said it was investing more than pounds 15m in the service and needed to ensure it had enough property to sell. The dealers he had spoken to were very excited by their offer.

Christopher Davidge, chief executive officer at Christie's, said details of their plans would be revealed on 1 March. But he said: "Christie's will not be proposing any arrangements that restrict competition in the marketplace, as we believe this runs counter to the philosophy of the Internet."

Suggested Topics
Voices
Numbers of complaints about unwanted calls have trebled in just six months
voices
News
people
Arts & Entertainment
Picture of innocence: Ricky Gervais and Karl Pilkington in ‘Derek’
tvReview: The insights of Ricky Gervais's sweet and kind character call to mind Karl Pilkington's faux-naïf podcast observations
Arts & Entertainment
Tangled up in blue: Singer-songwriter Judith Owen
musicAnd how husband Harry Shearer - of Spinal Tap and The Simpsons fame - helped her music flourish
VIDEO
Have you tried new the Independent Digital Edition iPad app?
Arts & Entertainment
Paul Weller: 'I am a big supporter of independent record stores but the greedy touts making a fast buck off genuine fans is disgusting'
music
Arts & Entertainment
William Shakespeare's influence on English culture is still strongly felt today, from his plays on stage to words we use everyday
arts
Sport
Karim Benzema celebrates scoring the opening goal
sportReal Madrid 1 Bayern Munich 0: Germans will need their legendary self-belief to rescue Champions League tie in second leg
Sport
Manchester United manager David Moyes has claimed supporters understand the need to look at
sportScot thanks club staff and fans, but gives no specific mention of players
News
Strange 'quack' noises could be undersea chatter of Minke whales
science
News
weird news... and film it, obviously
Arts & Entertainment
tv
News
Fresh hope: Ruth Womak and her dog Jess. A free training course in basic computing skills changed Ruth’s life
educationHow a housing association's remarkable educational initiative gave hope to tenant battling long-term illness and depression
News
Rohff is one of France’s most popular rappers
people
News
news
News
peopleThis time as he’s awarded the Freedom of Stirling and handed an honorary degree
Voices
voices Furore is yet another example of shameful Westminster evasion, says Nigel Farage
Independent
Travel Shop
the manor
Up to 70% off luxury travel
on city breaks Find out more
santorini
Up to 70% off luxury travel
on chic beach resorts Find out more
sardina foodie
Up to 70% off luxury travel
on country retreats Find out more
Have you tried new the Independent Digital Edition iPad app?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Senior Construction Solicitor – Surrey

Excellent Salary Package: Austen Lloyd: This is a rare high level opportunity ...

Construction Solicitor NQ+ Manchester

Very Competitive Salary: Austen Lloyd: This is an excellent opportunity within...

Corporate Finance

£80000 - £120000 per annum + Highly Competitive Salary: Austen Lloyd: US QUALI...

Banking / Finance Associate - City

Excellent Package: Austen Lloyd: Banking / Finance Associate - We have an exce...

Day In a Page

Migrants in Britain a decade on: The Poles who brought prosperity

Migrants in Britain a decade on

The Poles who brought prosperity
Philippe Legrain: 'The eurozone crisis has tipped many into disillusionment, despair and extremism - we need a European Spring'

Philippe Legrain: 'We need a European Spring'

The eurozone crisis has tipped many into disillusionment, despair and extremism - this radically altered landscape calls for a new kind of politics, argues the economist
A History of the First World War in 100 moments: A moment of glory on the Western Front for the soldiers of the Raj

A History of the First World War in 100 moments

A moment of glory on the Western Front for the soldiers of the Raj
Judith Owen reveals how husband Harry Shearer - star of This Is Spinal Tap and The Simpsons - helped her music flourish

Judith Owen: 'How my husband helped my music flourish'

Her mother's suicide and father's cancer also informed the singer-songwriter's new album, says Pierre Perrone
The online lifeline: How a housing association's remarkable educational initiative gave hope to tenant battling long-term illness and depression

Online lifeline: Housing association's educational initiative

South Yorkshire Housing Association's free training courses gave hope to tenant battling long-term illness and depression
Face-recognition software: Is this the end of anonymity for all of us?

Face-recognition software: The end of anonymity?

The software is already used for military surveillance, by police to identify suspects - and on Facebook
Train Kick Selfie Guy is set to scoop up to $250,000 thanks to his viral video - so how can you cash in on your candid moments?

Viral videos: Cashing in on candid moments

Train Kick Selfie Guy Jared Frank could receive anything between $30,000 (£17,800) to $250,000 (£149,000) for his misfortune - and that's just his cut of advertising revenue from being viewed on YouTube
The world's fastest elevators - 20 metres per second - are coming soon to China

World's fastest elevators coming soon to China

Whatever next? Simon Usborne finds out from Britain's highest authority on the subject
Cityfathers tackles long-hours culture that causes men to miss out on seeing their children

Cityfathers tackles long-hours culture

The organisation is the brainchild of Louisa Symington-Mills, a chief operating officer who set up Citymothers in 2012 - a group that now boasts more than 3,000 members
Brits who migrate to Costa del Sol more unhappy than those who stay at home

It's not always fun in the sun: Moving abroad does not guarantee happiness

Brits who migrate to Costa del Sol more unhappy than those who stay at home
Migrants in Britain a decade on: They came, they worked, they stayed in Lincolnshire

Migrants in Britain a decade on

They came, they worked, they stayed in Lincolnshire
Chris Addison on swapping politics for pillow talk

Chris Addison on swapping politics for pillow talk

The 'Thick of It' favourite thinks the romcom is an 'awful genre'. So why is he happy with a starring role in Sky Living's new Lake District-set series 'Trying Again'?
Why musicians play into their old age

Why musicians play into their old age

Nick Hasted looks at how they are driven by a burning desire to keep on entertaining fans despite risking ridicule
How can you tell a gentleman?

How can you tell a gentleman?

A list of public figures with gallant attributes by Country Life magazine throws a fascinating light on what it means to be a gentleman in the modern world