Upmarket antique furniture and art dealer Mallett is in the market to buy fresh stock, having made a £1.3 million profit from moving its showrooms from New Bond Street to nearby Ely House in Dover Street.
It said it now has net cash on its books “which will enable us to take advantage of attractive opportunities to acquire new stock pieces over the coming months.”
It said the new premises had gone down very well with its clients, and although the trading environment had been subdued on the back of poor financial markets, Mallett’s trading results for the first four months were “slightly ahead of management expectations”.
It is also optimistic that the summer season, which also sees it exhibiting at the Masterpiece London art fair, would see a rise in overseas customers.
It added that it was building its Chinese links and a recent visit there had established good contacts with key collectors and museum curators in Shanghai and Beijing.
