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Hi, PLEASE NOTE THAT THIS INFORMATION APPEARS IN THE NEWS SECTION AT THE MEMBERS' AREA AT GOVERNMENT AUCTIONS AS SOON AS WE RECEIVE IT. FULL DETAILS ABOUT EACH AUCTIONEEER CAN BE FOUND AT THE SITE.

The GAUK Newsletter is our regular FREE bulletin designed to keep you updated with news, latest sales, auction results and general pieces of interesting auction information that have occurred throughout the week. This is a supplement to information contained in the main GAUK Database and is an additional service. Please Read On...


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Public Sales

More information and full contact details for all the following sales are available in the database - just type in the name of the auctioneer of your choice into the search facility. If you are a member of GAUK please note that the following information is available in the news section as soon as we get it

Clarkson James Just a note to let you know we are holding an Auction on the 16th July 2005.
It will not be at our normal location but will still be in Southend on Sea.
More details to follow next week.
Have a nice weekend and look forward to seeing you all at the Auction on 16th July
Regards
Yan
Clarkson James, 327 ?outhchurch Road, Southend-on-Sea, Essex, SS1 ?PE
Tel: 01702 617722 Fax: 01702 612100

Edward Symmons
View Date/Info:
Tuesday 19th Jul 2005

From 10.00am to 5.00pm and on morning of sale

Sale Date/Info:
Wednesday 20th Jul 2005

Commencing at 10.30am


AUCTION
Over £150,000 (At Cost) of Garden Ornaments, Vehicles, etc

Sandford Stone, Station Road, Sandford, Nr Winscombe, North Somerset BS25 5RF

Morris Leslie On the instructions of Parrot Pine - Total Clearance of items at their premises 71 South Road, Dundee.

For full details of items, pictures, location and registration details please visit our auction page at www.morrisleslie.com

Edward Symmons, New bailey Street, Manchester. Tel; 0161 216 9197. Tuesday 19th July from 9.30am to 4pm;a tender sale sheet metal working equipment. Taking place at Bolam Business Centre, Bassington Ind. Est., Cramlington, Northumberland.

D Charles Astle, Union Mill, Vernon Street, Bolton. Tel: 01204 399619. Tuesday 19th July at 10,30am; miscellaneous textiles. Taking place at Vernon Street.

Robson Kay, Tilson Road, Roundthorn Ind. Est., Baguely, Manchester. Tel: 0161 998 8111. Tuesday 19th July at 11am; stock in trade from a ready made curtain and bedding centre, clothing, computers, office equipment etc. Taking place at Tilson Road.

George Hazell & Co, The Auction Centre, 32 Norwich Road, Watton, Thetford. Tel: 01953 88255. Thursday 21st July at 10.30am; fabrication, engineering and associated machinery, contractors cleaning equipment, builder's and other general equipment. Taking place at Stanhope House, Stephenson Way, Thetford, Norfolk.

Smith Hodgkinson & McGinty, Waldorf House, 5 Cooper Street, Manchester Tel: 0161 233 2900. Thursday 28th July at 11am; precision toolmaking equipment. Taking place atUnits 3 & 4, Hammond Avenue, Whitehill Ind. Est., Stockport.

CJM Asset Management, Duchess House, Queensway Court, North Lincs. Tel: 01724 334411. Thursday 28th July at 11am; ex-MoD and service industry equipment including generators, pumps, mobile cranes, marine and marinised engines etc. Taking place at Binbrook Technology Park, Market Rasen, Lincs.

This Week:

Team Auctions, 60 Bentinck Road, Newcastle Upon Tyne. Tel: 0191 226 0670. Sales of commercial catering equipment at 11am.Wednesday 13th July at The Pride of Lincoln, Whisby Road, Lincoln. Thursday 14th July at The Allerton, Nursery Lane, Alwoodley, Leeds.

Brightwells, Easters Court, Leominster, Herefordshire HR6. Tel: 01568 611166. Wednesday 13th July from 10am to 4pm; tender sale of sewing plant and equipment used in the manufacture of teddy bears. Taking place at Pontnewydd Industrial Estate, Pontypool, Gwent.

Clarke Fussells, 499 Bath Road, Saltford, Bristol. Tel: 01225 874306 Wednesday 13th and Thursday 14th July; various plant and equipment used in the manufacture of processed ready meals. Taking place at the former Birds Eyes Ready Meals Facility, Grimsby.

Charles Taylor, The Auction Centre, Missouri Avenue, Salford, Manchester. Tel: 0161 737 5252. Thursday 14th July at 10.30am; woodworking machinery and equipment. Taking place at The Auction Centre, Salford.

Simon Charles Auctioneers, Unit 5, Pear Mill, Pear Industrial Estate, Stockport Road West, Lower Bredbury, Stockport, Cheshire SK6 2BP Tel: 0161 406 0111.Thursday 14th July at 11am;leather and fabric upholstery, French style cabinets, pine and oak furniture, reproduction antiques, jewellery etc. Taking place at Unit 5, Pear Industrial Estate.

Henry Butcher, 25 London Bridge Rd, London SE1. Tel: 020 7098 3700. Thursday 14th July at 10am;film packing lines, storage and handling equipment, machine tools and presses, factory plant. Taking place at Kodak, Annesley, Nottingham.

Lithgow Sons & Partners, The Auction Houses, Station Road, Middlesborough. Tel: 01642 710158. Friday 15th July at 10.30am; sailing dinghy's, canoes and motor launch. Taking place at The Auction Houses.

WE ADVISE YOU TO CONFIRM ABOVE DETAILS WITH AUCTIONEER BEFORE TRAVELLING


Property News

Hi,

It's Peter Parfait here.

You may recall that I visited Dubai recently to check out development opportunities. The following superb deal was the best I saw (and I saw a lot), so I can highly recommend it to you.

My breath was taken away whilst I was in Dubai. I was amazed by the place, stunned, in awe. And of course I've already invested in there myself, considerably, and will continue to do so.

-------

Pre-Launch Entry Into Exceptional Dubai Property Concept, From As Little As £2,292 Down

If, in 1953, Walt Disney had offered investors the chance to share in his Disneyland dream, they would have jumped at the opportunity. A prospect even better than that is being developed in the Middle East.

Dubailand - Imagine This, If You Will...
The most ambitious tourism, leisure and entertainment destination ever created.
A development of extraordinary vision on a phenomenal scale.
Six meticulously planned worlds that offer experiences that promise to be simply unforgettable.
The world's most unique attractions.
This isn't a fantasy. Dubailand will offer this vision on a scale that dwarfs Disneyland, in a country that has a strategic agenda to become the tourism capital of the world.

A Show-Stopping Event

You know it's no ordinary launch party when a life-size dinosaur, freed from under a cover in the corner, lets out a roar that shakes the room, then reaches out its neck as if to grab one would-be investor in its jaws.

The partners at Viceroy Park Properties certainly sat there mesmerised, as unbelievable images beamed up and down the 50ft-high walls of the conference hall, engulfing the captivated audience, accompanied by booming surround sound:
Egyptian pyramids masking the world's largest shopping centre;
life-size dinosaurs walking with families;
a Venice-style canal system, complete with gondolas, weaving around designer apartments and through magnificent shopping venues;
futuristic attractions and a state-of-the-art monorail.
Even the rulers of Abu Dhabi were in attendance. As Viceroy's Steve Mahony commented: "At my age I should not be excited and amazed by things like this but I was! Absolutely amazing."

Viceroy Park Properties has done it again. Hot on the heels of the stunning Antipodean, which will soon be rising into the Auckland skyline, they have come up with another utterly compelling investment opportunity.

The Attraction Of Dubai

Dubai is one of the fastest growing holiday destinations in the world. If you have not visited it yet you probably know someone who has and heard glowing reports. Sand, sea and sun are just the tip of the iceberg, in a country that actually creates what others dream of ... literally.

It is easy to see why tourists are attracted to Dubai:
It offers a safe environment, has year-round sunshine, beautiful white-sand beaches and an exotic desert landscape.
Its infrastructure is unsurpassed in the region, with a state-of-the-art airport that handled 22 million passengers in 2004 and an award-winning airline, Emirates, which offers connections to more than 140 destinations in 70 countries.
It has a superior information, communications and technology network.
There are more than 274 hotels and a variety of shopping options in ultra-modern malls or traditional souks.
Dubai also hosts a number of increasingly popular world-class sporting events, such as the Dubai World Cup, the PGA European Tour Dubai Desert Classic, both men and women's ATP Tennis tournaments, and the Formula 1 H2O speedboat-racing tournament. In addition, the Dubai Shopping Festival has become a landmark event that draws visitors from around the globe.

Dubai is increasingly aware of tourism's growing importance to its economy. In 2002 Dubai was ranked as the fastest growing tourist destination by the World Tourism Organisation. Having a facility like Dubailand (which, by the way, will be 4 times bigger than Disneyland) will not only attract tourism but, because of its magnitude, will also act as the standard which all others will follow.

It is projected that Dubailand will see total investments of about USD 4.86 billion. The Dubai Tourism Development Company, are investing more than AED 700 million to develop the project and provide the infrastructure for the various facilities.

Economic Information (Key Indicators) 2004

United Arab Emirates (Dubai is one of the emirates) - UAE:
Population: 4.19 million
GDP: USD 70 billion
Dubai:
GDP: USD 26.7 billion
GDP Growth: up 45% in 4 years
GSP / Capita: USD 22,000
Diverse Economy: 90% non-oil
Trade: 16% of GDP
Tourism: 12% of GDP
Tourists 2004: 5.4 million
Dubai International Airport traffic: 22 million passengers.

Dubailand: The Concept

Divided into six themed worlds and comprising 200 individual projects, Dubailand will feature state-of-the-art sporting facilities, theme parks, eco-tourism resorts, museums, galleries, spas and stunning shopping and recreational venues.

Location

Dubailand is strategically located so as to facilitate easy access from the airport and the neighbouring Emirates. It is situated on the Emirates Ring Road and is in close proximity to the other landmarks in Dubai, like the Burj Al Arab and the Emirates Towers and is only an hour a way from Abu Dhabi.

The Zones

Attractions and Experience World - 145 million sq ft - a world of vibrant characters, with its theme parks clustered around a landmark viewing tower. The themed experiences and attractions for the entire family will form both a playground and a spectacle. It will be electric and pulsating, day and night. Projects include anchor theme parks, The Global Village, themed water parks, Kids City and Giants' World.

Retail and Entertainment World - 45 million sq ft - The development's energy centre - a vibrant destination of family entertainment and innovative retail concepts in a themed space. An indoor and outdoor environment that will provide a vibrant mix of retail and entertainment. Projects include Flea Market, World Trade Park, Auction World and Factory Outlets.

Themed Leisure and Vacation World - 311 million sq ft - A creation of appealing retreats of quality vacation village residences and resort hotels. The attraction will offer imaginative and creative themed development concepts in an exotic location. The designs are pure escapism and will incorporate amenities such as landscaped waterfronts, canals, lakes and parks. Projects include Women's World, Destination Dubai, Desert Kingdom and the Andalusian Resort and Spa.

Eco Tourism World - 806 million sq ft - An area devoted to preserving the desert heritage of Dubai, creating a habitat for animals from the region to be showcased in their natural element. This area will also try to recreate the safari experience and will provide a taste of desert life through camp areas. Projects include Desert Safari, Sand Dune Hotels, Desert Camps and Dubai Heritage Vision.

Sports and Outdoor World - 206 million sq ft - A stimulating arena of outdoor sports activities and mixed adventure. The activities will be capable of hosting world events, such as American football, soccer, cricket, rugby etc. Projects include indoor and outdoor venues, traditional and extreme sports, such as Dubai Sports City, Emarat Sports World, Plantation Equestrian and Polo Club, Autodrome and Dubai Golf City.

Downtown - 5.66 million sq ft - A unique land bridge with impressive gateway towers, water features and grand squares and piazzas. Projects include the Mall of Arabia, which will be the largest mall in the world and City Walk, which will include art displays, entertainment and outside dining. It will also consist of wide boulevards, street cafes and theatres, lush parklands and museums. It's also home to Virtual Game World, which will be a cyber heaven with 3D interactive games.

The Investment Opportunity

At the heart of this unprecedented development, the City of Arabia will set the standard in urban development. The developments on offer through Viceroy Park Properties are in the heart of the City of Arabia, or Downtown Dubailand as it is called. Comprising of key feature developments, this vibrant community will attract tourists from around the world and will be an exclusive home to Dubai's growing population.

Viceroy Park Properties have been working on this scheme for almost 6 months and are very excited to showcase a development that should melt the heart of even the most hardened investor.

The success of Disneyland is there for all to see, but Dubailand will take the concept to a new level and a new audience.

The Jewel In This Crown

The Arabian Crowne development is 45 storeys high with spectacular views over the City of Arabia and much of the 3 billion square feet that make up Dubailand.

All apartments will be linked to the other areas of Dubailand by monorail - unless of course you wish to stroll through at your leisure, but anyone who has visited Disneyland knows that will be a long walk!

The development will be within a short walk of the Mall of Arabia, the biggest and most spectacular shopping centre. You can actually watch gondolas passing through the indoor canal system, whilst sipping a cappuccino.

Development features will include:
Freehold or guaranteed lease residential apartments in Dubailand. Automatic lease renewal every 99 years for same period on payment of US $1 only, ensuring total peace of mind.
Swimming pool, gym, sauna, Jacuzzi, spa, baby play area, party and meeting hall.
Spectacular views for each room.
Central air conditioning.
Central satellite system and intercom system.
Use of latest Intranet technology.
Fully equipped kitchen.
Luxurious finishing for the main entrance and for the main corridors.
Large lobby and corridors to give feeling of comfort and openness.
Connections to neighbourhood by ewaterway'.
Card entry system.
CCTV and 24 hours security system.

Outstanding Pre-launch Deal

Viceroy Park Properties is offering an opportunity to reserve an apartment at pre-launch prices. With expected returns of up to 100% in what is one of the fastest growing countries in the world, and in possibly the most anticipated project in the world. This is an 'Early Bird' pre-launch opportunity and one not to be missed.

In Dubai there is an attitude that anything is possible, and Dubailand promises to be the biggest, most ambitious and best leisure and entertainment centre ever created.

Routes Into Ownership

Our e-brochure will tell you all about the various ways into this deal, including outright purchasing and mortgages. But Viceroy also offers a fantastic, new Property Share product.

What Is A Property Share?

The Property Share product has derived from the needs of people who wish to access the property investment ladder in Dubai without the pre-requisites of having to invest large sums of money up front, therefore giving the investor flexibility.

Property share is a simple and easy method of investment. Whilst giving the owner control and flexibility, it also has the added benefit of low exposure for those who wish to have 1, 2 or even multiple investments in a variety of properties in numerous locations. It offers investors a streamline route into acquiring a property portfolio.

So, How Does It Work?

Basically if 4 individuals, family members, friends or acquaintances wanted to purchase a property, they would all own an equal 25% share of a company (offshore). This company would then be the owner of their property.

Shared ownership is becoming a very interesting purchasing option, for people who can afford to purchase an investment but would rather build up a much broader portfolio, with part shares in several properties worldwide, without the full financial commitment. It is becoming one of the fastest growing methods of purchasing property abroad, with only a fraction of the cost.

In a move that opens up the market to everybody, Viceroy Park Properties are offering the chance to purchase a shared eshare' in their superb scheme in Downtown Dubailand.

Your share will appreciate in value with increases in the market, like any other property investment, and in addition, you will receive the following benefits:
A low cost and affordable payment plan.
Actual ownership in the most eagerly awaited developments in Dubai.
Totally confidential purchase through an offshore company structure.
Flexible ownership of 1-12 months.
Flexible usage.
Good return on investment.
Tax-free income returns.
World-class destination.
A fully furnished and ready to occupy apartment.
Full management service.
Plus:
An opportunity to buy into Dubailand for as little as £2,292 initial deposit.
A chance to purchase a share of an apartment and immediately cut all costs.
You can pay for your share over 2 years with no mortgage and no interest payments.
Build a substantial portfolio with the money required to purchase 1 property.
Enjoy full property ownership benefits.
This offer is exclusively available to Viceroy Park's GOLD members. If you are not currently a GOLD member you will need to either upgrade your membership or complete and return the Registration Form available on the company's website.

Why Invest With Viceroy Park Properties?

They have a team that delivers, whose knowledge of property investment has been gained through the personal experiences of partners Steve Mahony and Lee Harley, who in their time have both procured substantial portfolios coupled with 20 years of construction experience.

They are one of the most successful property investment clubs in the UK. When they negotiate discounts for purchasing property off-plan, the market value against which those discounts are compared is genuine and the savings are passed on in their entirety to their members. To gauge levels of interest before finalising deals, they will often speak to members to canvass their opinion.

So, What Are You Waiting For?

In short, Dubailand is destined to become the biggest, most varied leisure, entertainment and tourism attraction on the planet. This is an out-of-this-world opportunity at a remarkably down-to-earth price.

Please ask for our detailed information pack, which includes full costings, together with a CD-ROM with visual projections of what Dubailand is going to look like. You'll be absolutely amazed.

Steve Mahony & Lee Harley

Further Research: Viceroy Park Properties has produced a truly seductive e-brochure to support this investment opportunity. For further details visit their website at http://www.viceroyparkproperties.co.uk, e-mail info@viceroyparkproperties.co.uk or telephone 0121 609 7095 today.

-------

I just want to add that I have personally looked round and been driven around this Dubailand concept, and it really is c well c you just won't believe it. Every property investor simply HAS to have some foothold in Dubai, because the place is going to really, really take off c and soon. It's a very special place.

Best regards,

Peter Parfait


News

Art sales: new records for Old Masters
(Filed: 11/07/2005)

Will Bennett reports on an unprecedented week in London

London's Old Master paintings sales have often been forced to survive on starvation rations of good pictures, but last week's auctions were a feast for buyers.

Venice, the Grand Canal Looking North-East from the Palazzo Balbi to the Rialto Bridge by Canaletto

The main course was the finest array of Italian view pictures seen on the international market for many years, with seven Guardis and five Canalettos, the record for the latter being broken twice in a breathless 24-hour period. This windfall was partly the result of the deaths of two major collectors but also reflected the greater willingness of owners to sell in a strong market.

The week got off to a lively start when Sotheby's sold the collection of the late Bobby Wills, an eccentric English gentleman farmer and heir to a tobacco fortune, who had bought the pictures during the 1950s and '60s.

The appearance of a sensibly estimated country house collection, fresh to the market, ensured a packed room and furious bidding, with only two of the 50 lots remaining unsold and the sale totalling more than ’8.8 million and breaking six artists' records. Dealer Richard Green paid the highest price of the night when he bought Turner's watercolour Lake of Lucerne for more than ’1.8 million.

However, most of the top lots were bought by private collectors and this pattern continued at Christie's when paintings, furniture and antiques collected by the late Antonio Champalimaud, Portugal's richest man, fetched almost ’39 million in a two-day sale.

A long telephone battle between two private bidders pushed the price of Canaletto's The Bucintoro at the Molo, Venice, on Ascension Day to ’11.4 million. This comfortably beat both the picture's modest ’4 million to ’6 million estimate and the existing ’10.2 million record for Canaletto paid by the composer Andrew Lloyd Webber for The Old Horse Guards, London, from St James's Park in 1992.

Champalimaud had bought this spectacular painting for ’280,000 in 1973. But the new record lasted only until the following evening, when Sotheby's staged one of the most extraordinary Old Masters sales ever seen in London, and in the hardest circumstances. Ten hours after terrorist atrocities in the capital, Sotheby's saleroom was almost full for the auction, and three quarters of the pictures were sold amid fiercely competitive bidding.

Once again, Canaletto provided the most dramatic moment of the evening as five people tried to buy Venice, the Grand Canal Looking North-East from the Palazzo Balbi to the Rialto Bridge. This was a more subtle Canaletto, with a wonderful provenance, having belonged to Sir Robert Walpole, Britain's first prime minister, and recorded as having hung in 10 Downing Street.

Bidding narrowed to two contenders, one on the telephone to Alex Bell, Sotheby's London head of Old Master paintings, while the other was dealer Luca Baroni taking whispered instructions from his colleague Stephen Ongpin, speaking on a mobile phone to a client. Baroni's bidder made a last-ditch bid of ’16.5 million before admitting defeat as Bell's client raised the stakes by another ’100,000. By the time Sotheby's added commission, the Canaletto cost its anonymous new owner ’18.6 million, beating the Christie's picture by more than ’7 million and becoming the sixth most expensive Old Master ever sold.

Although the evening ended on a subdued note, with another Canaletto and a Bellotto that was once thought to be a Canaletto both failing to sell, this did not reflect a remarkable auction which totalled almost ’44.3 million, breaking 12 records. This was Sotheby's second highest score ever for an Old Masters sale, beaten only by the 2002 auction in which Rubens's The Massacre of the Innocents fetched ’49.5 million.

Christie's had a tough act to follow, but 76 per cent of the pictures sold, for a respectable total of ’20.7 million. An anonymous telephone bidder paid almost ’3.6 million for Jan Van de Capelle's wonderful maritime painting A kaag and a smak in a calm, while the Getty Museum in California bought Guardi's The Grand Canal, Venice, with the Palazzo Bembo for almost ’4.4 million and a private buyer paid ’3.7 million for Jan Van Huysum's still life Green grapes on the vine. The London Old Masters market has rarely seen a week like it.


The Positive Club

The Positive Club

"People are always blaming their circumstances for what they are. I don't believe in circumstances. The people who get on in this world are the people who get up and look for the circumstances they want, and, if they can't find them, make them"

George Bernard Shaw, "Mrs. Warren's Profession," 1893 


"If you were to show me your current financial plan, would I get so excited by it that I would go across the country and lecture on it? If the answer is no, then here's my question: "Why not"? Why wouldn't you have a superior financial plan that is taking you to the places you want to go?"

Jim Rohn


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Viewing Days: Saturday and Sunday 8th, 9th May. (Other viewing by arrangement)


Remember that if you are a GAUK member that the database is constantly changing so keep coming back for information about the latest sales, also use the news and members' forum.

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