Jonathan Pratt Predicts Antique Market Boom Amid Economic Uncertainty
- Jonathan Pratt, a prominent antiques expert, discusses the effects of Rachel Reeves's economic policies on the auction business.
- He notes a consistent increase in demand for high-end antiques despite economic challenges, particularly due to wealthier clientele.
- Pratt emphasizes the importance of skilled auctioneers in maximizing sales and believes the antiques market will continue to flourish.
In a recent interview, Jonathan Pratt, Managing Director at Dawsons Auctions and an expert known for his role on television, shared insights about the impact of the latest Budget announced by Rachel Reeves. He highlighted that antique businesses tend to thrive in challenging financial climates, contrary to traditional markets. Despite the recent hike in national insurance for employers, Pratt believes that high-end auction items like antique furniture and artworks will continue to see a surge in demand. This trend seems driven by affluent buyers unaffected by economic downturns, as evidenced by the increasing interest in gold and fine art auctions. Pratt emphasized the significance of live auctioneers, noting that their skill could greatly influence the final prices achieved. He views auctions as a performance that captivates buyers while facilitating sales of valuable items, reinforcing the idea that even during tough times, quality items retain their value across various markets.