Fellows Joins the Association of Accredited Auctioneers

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Nineteen leading British fine art and antiques auctioneers with a combined annual turnover in excess of £200 million have united to become a dominant UK force in the international market and attract high-spending buyers to their sales from China and beyond.

Nineteen leading British fine art and antiques auctioneers with a combined annual turnover in excess of £200 million have united to become a dominant UK force in the international market and attract high-spending buyers to their sales from China and beyond.


In an unprecedented move, they have launched The Association of Accredited Auctioneers (Triple-A) and forged commercial links with Asia’s only on-line live bidding portal www.epailive.com. This service promotes Triple-A auctioneers’ sales directly to more than 100,000 registered collectors of fine art and antiques in China and posts catalogues translated into Chinese online.

 

Association Accredited AuctioneersMore significantly, an escrow system – operated independently of Epailive – guarantees payments are made by successful bidders. On registering to bid in a sale, bidders are contractually required to commit funds to cover their purchases. This money is accessible to the auctioneer following the sale within 48 hours of the fall of the hammer.

 

Early signs are promising with Triple-A firms reporting an encouraging level of demand for the first sales listed on the platform. The objective is to increase international confidence and understanding of the UK auction business through a programme of targeted marketing, quality assurance and educational presentations to key growth markets.

 

Managing Director Stephen Whittaker said:
“Triple-A will certainly help us to strengthen our existing relationship with the Chinese market and above all will make the payment process easier and more efficient for both parties.”

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