Acquisition of BFW
PRESS RELEASE | FOR IMMEDIATE RELEASE London| 01 July 2015
Dreweatts announces acquisition of Bid for Wine London – Dreweatts’ holding company, The Fine Art Auction Group Ltd, today announced its acquisition of Bid for Wine, the UK’s first dedicated online wine auction house. The merger formalises a two year joint venture arrangement which has seen the combined businesses grow to occupy the number 4 spot in the UK auction market with combined sales of circa £2.5m in the year 2014-15. The acquisition also marks Dreweatts’ entry into the dynamic Singaporean market via Bid for Wine’s existing presence in the country. In a joint statement Stephan Ludwig, Chief Executive at Dreweatts and Lionel Nierop, co-founder of Bid for Wine said: “Bid for Wine was founded in 2008 as an innovative online-only marketplace platform for wines and collectible spirits. A monthly calendar of timed auctions sits alongside a self-listing marketplace providing a lower cost model for buyers and sellers of wines. Since then the business has grown to become a highly respected name in wine auctioneering in both the UK and Singapore with sales to a further 28 countries.” Since working together the combined Dreweatts and Bid for Wine turnover has grown by 25% year on year and the acquisition will cement progress to date and allow us to focus on bringing clients even more of the well sourced and high quality lots they have come to expect from Bid for Wine and Dreweatts sales. Dreweatts & Bid for Wine’s next London sale will be held on 10th July with 330 lots on offer. The catalogue is available at both live.bidforwine.com and dreweatts.com. Highlights from the catalogue include a single bottle of Henri Jayer’s Vosne Romanee Cros-Parantoux 1996 [Lot 69, Est, £4,500-5,000], three lots of Chateau Haut Brion 2009 [Lots 121-123, Est £4,500-5,000 per 12] and a range of large format red and white Burgundy. In addition Bid for Wine is presently offering 320 lots in the monthly online timed auction via http://www.bidforwine.co.uk. Further sale dates are to be announced but will include the group’s first physical sale in Singapore.
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PRESS RELEASE | FOR IMMEDIATE RELEASE London| 01 July 2015 Notes: Dreweatts & Bloomsbury Auctions is the trading name of The Fine Art Auction Group, and is a UK 'top 4’ auctioneer of fine art and collectibles. It covers all aspects of fine art and antiques, with market leading specialists in Traditional Furniture, Clocks and Paintings, Contemporary Art and Design, Modern Prints, Books and Works on Paper, Fine Jewellery and Objects of Vertu, Asian Art and Fine Wine. Mallett Antiques, a subsidiary of The Fine Art Auction Group, is one of the oldest established antique dealers in the world, celebrating its 150 year anniversary in 2015. It specialises in the finest pieces of furniture and works of art, including pictures, clocks and other high quality objets d'art, primarily from the 18th century and Regency periods. Online wine auction site Bid for Wine offers a trading platform to buy and sell rare and vintage wines via real-time auctions. We also offer the opportunity to participate in live webcast sales via live.bidforwine.com. The business operates from two flagship showrooms, the magnificent Ely House on London's Dover Street and 929 Madison Ave (at 74th) in New York. It also boasts the picturesque country house Donnington Priory as it's Berkshire salerooms for more the more traditional auctions and a secondary London saleroom on Maddox Street that specialises in Books and Works on Paper. Images available upon request Visit Dreweatts & Bloomsbury Auctions’ website at www.bloomsburyauctions.com Follow Bloomsbury Auctions on:
Dreweatts announces acquisition of Bid for Wine London – Dreweatts’ holding company, The Fine Art Auction Group Ltd, today announced its acquisition of Bid for Wine, the UK’s first dedicated online wine auction house. The merger formalises a two year joint venture arrangement which has seen the combined businesses grow to occupy the number 4 spot in the UK auction market with combined sales of circa £2.5m in the year 2014-15. The acquisition also marks Dreweatts’ entry into the dynamic Singaporean market via Bid for Wine’s existing presence in the country. In a joint statement Stephan Ludwig, Chief Executive at Dreweatts and Lionel Nierop, co-founder of Bid for Wine said: “Bid for Wine was founded in 2008 as an innovative online-only marketplace platform for wines and collectible spirits. A monthly calendar of timed auctions sits alongside a self-listing marketplace providing a lower cost model for buyers and sellers of wines. Since then the business has grown to become a highly respected name in wine auctioneering in both the UK and Singapore with sales to a further 28 countries.” Since working together the combined Dreweatts and Bid for Wine turnover has grown by 25% year on year and the acquisition will cement progress to date and allow us to focus on bringing clients even more of the well sourced and high quality lots they have come to expect from Bid for Wine and Dreweatts sales. Dreweatts & Bid for Wine’s next London sale will be held on 10th July with 330 lots on offer. The catalogue is available at both live.bidforwine.com and dreweatts.com. Highlights from the catalogue include a single bottle of Henri Jayer’s Vosne Romanee Cros-Parantoux 1996 [Lot 69, Est, £4,500-5,000], three lots of Chateau Haut Brion 2009 [Lots 121-123, Est £4,500-5,000 per 12] and a range of large format red and white Burgundy. In addition Bid for Wine is presently offering 320 lots in the monthly online timed auction via http://www.bidforwine.co.uk. Further sale dates are to be announced but will include the group’s first physical sale in Singapore.
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PRESS RELEASE | FOR IMMEDIATE RELEASE London| 01 July 2015 Notes: Dreweatts & Bloomsbury Auctions is the trading name of The Fine Art Auction Group, and is a UK 'top 4’ auctioneer of fine art and collectibles. It covers all aspects of fine art and antiques, with market leading specialists in Traditional Furniture, Clocks and Paintings, Contemporary Art and Design, Modern Prints, Books and Works on Paper, Fine Jewellery and Objects of Vertu, Asian Art and Fine Wine. Mallett Antiques, a subsidiary of The Fine Art Auction Group, is one of the oldest established antique dealers in the world, celebrating its 150 year anniversary in 2015. It specialises in the finest pieces of furniture and works of art, including pictures, clocks and other high quality objets d'art, primarily from the 18th century and Regency periods. Online wine auction site Bid for Wine offers a trading platform to buy and sell rare and vintage wines via real-time auctions. We also offer the opportunity to participate in live webcast sales via live.bidforwine.com. The business operates from two flagship showrooms, the magnificent Ely House on London's Dover Street and 929 Madison Ave (at 74th) in New York. It also boasts the picturesque country house Donnington Priory as it's Berkshire salerooms for more the more traditional auctions and a secondary London saleroom on Maddox Street that specialises in Books and Works on Paper. Images available upon request Visit Dreweatts & Bloomsbury Auctions’ website at www.bloomsburyauctions.com Follow Bloomsbury Auctions on:
