Regular visitors to our website will have noticed already that we have designed and implemented this week a completely new website. Hosted again on our own server, we hope that the new clean appearance will not only look better but make navigating the site easier as well.

The main new feature we have added is an intuitive full screen super zoom. Firstly, when looking at main page for any particular artwork, you can click the image thumbnails to change the image in the main display.

Then just clicking that main image it will expand and fill all of your computer screen.  You can zoom in further in incremental stages just by clicking the full screen image again
 and hold you mouse button down to move the image around the screen. The detail you can now see is amazing, so please excuse any specs of dust! The "Gallery" pages are now in a tape format. Initially you will see just a picture of an item, as you move your mouse over it it will expand slightly and a description will appear. Click on this expanded box to view that particular artwork. The new site has all the features and information contained on the old one and we will be adding more as the months progress.

We hope you like it and would welcome any comments, problems or observations you may to info@millingtonadams.com.
One of a pair of George III giltwood armchairs with Royal Provenance, may benefit from new tax
proposals.
In a recent UK government review to tighten up and streamline tax-relief rules, art and antiques could find themselves at an advantage.  Proposals set out in a report published by the Office of Tax Simplification (OTS) last week include doubling the allowance threshold from £6000 to £12,000 on capital gains from the sale of art and antiques before Capital Gains Tax or Corporation Tax would apply. The OTS report, commissioned as an independent study by the Treasury – arguably to help Chancellor George Osborne raise billions in new revenues – largely focuses on areas where tax relief should be cut. There is no clear reason why art and antiques have been singled out for favourable treatment, although such an extension of tax relief would be seen as a reward for investment which encourages trade, thereby supporting employment, whereas many of the proposed cuts apply to areas of subsidy. If accepted, it would be the first time the allowance threshold has been raised for art and antiques for 22 years.
The £1.5m lifetime pension pot limit is persuading investors to look for alternatives for their nest eggs.
With new regulations coming into force shortly limiting the amount of an individual's lifetime pension pot, many people are exploring new ways of accruing assets and wealth for their retirement. It has long been thought that property and the stock market was the best way of hedging capital for the future, but what about Antiques and Art? Many of us have seen the headlines regarding stratospheric prices obtained at auction in the late 20th century and contemporary art markets. This "topsy turvy" world of the mainly fashion conscious  hype for modern artists of the likes of Warhol, Hurst, Emin is all very well, but when these artists fall from grace, the fabulous work bought by a hedge fund manager for £20 million, is now only worth half of that. Not good news for the pension pot.

So what about traditional art and antiques? Well yes you may say they are never going to set the world alight except for the odd Constable and Turner, but English furniture?
Well I must say that we are finding it harder and harder to buy good quality British furniture at the levels we could even 3 years ago. Anything that is good is making top money at auction and consequently these heady prices are reflected in what we have to pay privately or through the trade. For good antiques the demand is definitely there. As an example, a Chippendale commode made £3.15 million at auction just before Christmas, a world record for a piece of English furniture.

One other relevant point to mention is that antique clocks are deemed free from UK inheritance tax, probably not really what you want to have in the back of your mind, but nice to have in your armoury.

So whilst your average good quality piece of English furniture or traditional painting may not provide a highly geared profit vehicle in the short term, it should provide a stable investment opportunity to place capital on a long term basis and to moreover enjoy, use and look at for the next 20 or 30 years. Perhaps there is life after the pension pot cap?

George II burr walnut compact caddy top chest
c1730
A pair of Hepplewhite period giltwood armchairs by William King - c1770 George II Chippendale period marble top side table
c1755
A pair of Irish George III mahogany & brass bound plate buckets. George I figured walnut, boxwood & ebony strung bureau
After much deliberation and consideration, we have eventually decided that we are going to try something new in June. After approximately 6 years on the run exhibiting at the Summer Olympia Fair we have decided to make the move slightly more towards central London, to Art and Antiques London, held in a marquee in Hyde Park opposite the Royal Albert Hall. A prestigious venue which in it's second year incorporates the London Ceramics Fair, which has been run for the past 25 years by Anna and Brian Houghton, dealers and also no strangers to arranging top fairs including the long running International Fine Art & Antique Dealers Show in New York. The event runs concurrently with Olympia in June so if you are visiting London, why! not come across and see us on stand G3 while you are in town?
Our first fair of the year is the traditional and extremely well regarded British Antique Dealer's Association (BADA) Fair held at the Duke of York Square, on the Kings Road in Chelsea. It is held this year from 23rd to the 29th March and promises yet again to be an exceptional event. With the crème de la crème of British dealers exhibiting a very wide variety of top class stock from the smallest piece of glassware to large Georgian bookcases. The event held in a purpose built luxury marquee, this year has a loan exhibition from two unique private collections, to be shown side by side, entitled "Private Passions".
Pieces from The Schroder Collection, famed for its silver, majolica, bronzes and gold boxes, will be exhibited alongside gallantry awards won by Britain’s elite Special Forces collected by Lord Ashcroft, which have not previously been shown to the public. The fair also offers the fine Cellini Restaurant and Tattinger Champagne bar.

Millington Adams are exhibiting on their normal stand B30 and will be sending out tickets a couple of weeks before the event to customers and friends on our mailing list. Should you not regularly receive one of these from us by post, please click the e-ticket image on the right to print your own copy before you come along. We look forward to welcoming you to the BADA Fair.
George II walnut framed wingback armchair
c1730
Robert Watson
"Sheep on a Highland Hillside" - dated 1896
Irish George II carved mahogany footstool
c1750
Sidney Richard Percy
"In the Thames Valley"
c1865
Irish George II mahogany secretaire cabinet probably by Christopher Hearn, Dublin - c1760

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