London, UK - 1 November 2016
1. Pull focus of bronze Japanese archer
2. Various of Meiji period Japanese bronze crow with glass eyes
3. Mid of men admiring antique chandelier
4. Various of Dutch walnut armoire from circa 1750 with carved figures (price £35,000/ USD 42,930)
5. Wide of woman reading catalogue
6. Low angle pan right of neo-classical copper bust of Roman goddess by Frederic Auguste Bartholdi (price £16,500/ USD 20,235)
7. Various of Craig Carrington looking at bust
8. SOUNDBITE: (English) Craig Carrington, antique dealer
"As an antique dealer I think a weak pound is very good news because we sell to international clients and if the dollar is strong, the euro is strong then it's very good news for somebody like me, absolutely."
9. Art dealer Tanya Baxter showing painting to visitor
10. Close tilt down of painting 'Paper Bride in Waiting' by Zeng Chuanxing (price £120,000/ USD 147,000)
11. SOUNDBITE: (English) Tanya Baxter, art dealer and gallery owner
"With the devaluation of the pound as well as the fact that Brexit has kind of made a cautious and volatile financial market (art and antiques) it's a very, very safe place."
12. Various cutaways of Tanya Baxter showing 'Paper Bride in Waiting'
13. SOUNDBITE: (English) Tanya Baxter, art dealer and gallery owner
"Well they're so excited particularly American collectors who we are getting calls from saying 'So what have you? Because I want to spend x amount and will fly over to do so.'"
14. Various of art collector David Ryder looking at painting
15. SOUNDBITE: (English) David Ryder, retired lawyer and American art collector
"England is where we have bought probably 90 per cent of the artwork that we have, and we have a lot in numerous houses. We find this is a good country for selection of different artists, both contemporary and old artists, particularly from the auction houses and this is a particularly good time so we're here now and we'll come back in December again to look at more art."
16. Mid of portrait of Angelina Jolie by artist Bambi (price £14,000/ USD 17,000)
17. Tilt up of portrait of Amy Winehouse by artist Bambi (price £16,000/ USD 19,600)
18. Set up shot of art dealer Julian Hartnoll
19. SOUNDBITE: (English) Julian Hartnoll, art dealer and gallery owner
"There's this nice new phrase, the double-boom. It was the English buying immediately after Brexit because they wanted to get out of pounds and get into objects because they were fearing the pound would become valueless. And then the Americans, as the pound subsided, have overcome their fear of terrorism in England and have started to buy again, so for instance last night my only clients were Americans."
20. Various of jewellery seller Morteza Mojarad inspecting antique diamond ring
21. SOUNDBITE: (English) Morteza Mojarad, director of Persis antique jewellery
"I've seen a big improvement, to be honest, since Brexit and that's I think because of the exchange rate, dollar to pound and especially Euro to pounds."
22. Wide pan left of gallery showcasing large marble/ stone artworks
23. Close of 1930s Chinese coral sculpture
24. Various set up shots of David Lafleur, antique dealer based in Paris
25. SOUNDBITE: (English) David Lafleur, antique dealer based in Paris
"Because of the economic crisis, you know, the people were afraid because of the terrorists, because of the tax. A lot of things saw the people leave France. So for us, it's better to come here in London because the people are here, the people from other countries are here."
26. Tilt up of Italian silver and bronze library lamp in style of Pharaoh by Piel Paolo Spaina, circa 1810 (price £8,500/ USD 10,425)
27. Close of marble lioness circa 1780 (price £14,500 USD 17,700)
28. Wide of antique clock stand
29. Wide of grandfather clocks, tilt down
30. Close of Henry Jenkins mahogany table clock circa 1780 (price £75,000/ USD 92,000)
31. Various of woman opening clock and chiming its bells
32. Wide pan left of show floor
FOR CLEAN VERSION SEE STORY NUMBER: 4063805
LEAD IN:
The art and antique market in post-Brexit Britain is booming, according to London dealers.
A weak pound against the dollar and Euro is seeing American collectors in particular start to snap up bargains.
STORY-LINE:
The art and antiques market in the UK isn't just on target, it's positively booming post Brexit.
Dealers here at the Winter Art and Antiques Fair in Olympia say it's a great time to buy because of the weak pound.
American buyers in particular are attracted to London with the newfound strength of the dollar. Looking to bag a bargain they could save around 25-30 per cent compared to six months earlier.
Craig Carrington is an antique dealer with four decades of experience.
He sells many neo-classical antiques on his stand, but his showcase piece is this bust of a Roman goddess, thought to be designed by Frederic Auguste Bartholdi, the same man who designed the Statue of Liberty.
He says: "As an antique dealer I think a weak pound is very good news because we sell to international clients and if the dollar is strong, the euro is strong then it's very good news for somebody like me, absolutely."
Art dealers are reporting a similar trend.
Tanya Baxter runs a gallery specialising in contemporary pieces. She says since the day of the referendum result, announcing Britain would leave the EU, she's been very busy.
She says many see the art market as a safe investment in uncertain times.
"And with the devaluation of the pound as well as the fact that Brexit has kind of made a cautious and volatile financial market it (art and antiques) is a very, very safe place."
According to Baxter the single largest group of buyers is coming from the USA:
"Well they're so excited particularly American collectors who we are getting calls from saying 'So what have you? Because I want to spend x amount and will fly over to do so.'"
One of the American investors who has come to London to buy is David Ryder.
The retired lawyer, originally from Chicago, had just bought this painting by British artist Amy Pugh. He says it's such a good time to buy, with the strength of the dollar against the pound, that he will return next month to buy more art.
Ryder says: "England is where we have bought probably 90 per cent of the artwork that we have, and we have a lot in numerous houses. We find this is a good country for selection of different artists, both contemporary and old artists, particularly from the auction houses and this is a particularly good time so we're here now and we'll come back in December again to look at more art."
Art and antique dealers haven't just benefited from the dip in the value of the pound. Immediately after the result of Brexit was announced British buyers quickly began to buy art and antiques fearing the collapse in the value of the pound.
Art dealer Julian Hartnoll is calling this a 'double-boom' for the industry.
Hartnoll says: "There's this nice new phrase, the double-boom. It was the English buying immediately after Brexit because they wanted to get out of pounds and get into objects because they were fearing the pound would become valueless. And then the Americans, as the pound subsided, have overcome their fear of terrorism in England and have started to buy again, so for instance last night my only clients were Americans."
Antique jewellery dealers are also benefiting.
Iranian jeweller Morteza Mojarad runs the Persis jewellers off Bond Street in London.
He says: "I've seen a big improvement, to be honest, since Brexit and that's I think because of the exchange rate, dollar to pound and especially Euro to pounds."
But if the situation is good for British based dealers, spare a thought for European antique dealers trying to sell in Britain.
David Lafleur is an antique dealer based in Paris with his shop Gallerie Buter.
The strength of the Euro might be good for some of his compatriots, but when Lafleur sells in the UK he is finding the competition difficult.
However, despite these difficulties he says he will continue to exhibit his Oriental antiques in London because international buyers have been scared away from Paris.
"Because of the economic crisis, you know, the people were afraid because of the terrorists, because of the tax. A lot of things saw the people leave France. So for us, it's better to come here in London because the people are here, the people from other countries are here."
The Winter Art and Antiques Fair in Olympia returns for its 26th year.
Around 100 exhibitors are displaying art and antiques, most are displaying collectibles at the high-end of the market.
It is the only fair in the UK to work with the top two trade associations and there is a strict vetting process for all pieces on sale at the show. Each item must be checked by a team of experts before the fair opens.
The Winter Art and Antiques Fair Olympia runs 31 October - 6 November.
