NEW AUCTION HOUSE RECORD Colin Young FNAVA                                     Regency Breakfast Cabinet Auctioneer Colin Young was delighted to create a new auction house record for a piece of antique furniture on 10th August 2005. Instructed to clear and sell the contents of a mid-terrace Stamford town house, a Regency sideboard of the highest quality and stunning Classicism design was the choice piece. It was bought by the vendor's mother during the war years for £26-5s-0d. in 1942. It had been in the house ever since. The mixture of quality and Fresh-to-the-Market appeal was the recipe for success. After asking for £30,000 to open the bidding and then decreasing amounts, a lady bidding for an American client started the bidding at£5,000. Going in £2/3,000 increments it was bid in the room by a dealer against the lady.   When it reached £35,000 with the lady, that old chestnut occurred - the dealer shouting out a bid of £34,000, so with cards stacked in the auctioneer's favour the request was accepted with a smile (Hmmm. does he think I was born yesterday?). The second layer of room dealer bidding petered out at around the £80,000 mark, when the telephones came into play. The lady dropped out at £120,000, but with encouragement for helping with the first bid she rejoined at £122, 128 & 132,000. The successful bid was £135,000 paid by a London dealer. Colin did think afterwards he should have asked for a bid of £134,000 in the room for fun? Golding Young have sold lots in the £10's of thousand but the record this lot beat was 41 years old. In 1964 they sold a Chippendale bookcase for £1,700. In 1965 Colin's parents bought their house for £500! A pleased vendor, a pleased buyer and another NAVA professional service delivered. Colin Young FNAVA Golding Young & Company. Old Wharf Road Grantham, Lincolnshire. NG31 7AA Tel: 01476 565118     Fax: 01476 561475 www.goldingyoung.com