Local auction houses are navigating tough new measures amid the coronavirus pandemic following Tuesday night’s announcement that in-room auctions would be banned. As restrictions ramp up, auctions are being cancelled, offices temporarily closed, staff working remotely, and online sales becoming the life-line for businesses.
“It really is a tipping point for auction houses all over the world, but one that presents as many opportunities as it retrieves,” Leonard Joel’s managing director John Albrecht said as he prepared to move the company’s auctions online.