In addition to our stock of fine antique and period jewellery, McKenna & Co offer a range of complementary services. Please click on the links below for details. If you require further information, please call us on
+44 (0)20 7584 1966
When a client wishes to sell jewellery it is important to consider the various ways and pitfalls in doing so and to understand any charges that could be deducted from the proceeds of sale. The two main methods in selling jewellery are through a dealer such as us or through an auction house.
At McKenna & Co we are full members of LAPADA – The Association of Art & Antique Dealers, and NAG – The National Association of Goldsmiths of Great Britain & Ireland. Unlike auction houses we must abide by the strict codes of conduct of these professional trade associations. In addition we are regulated by Consumer Law, in contrast to auction houses where transactions are considered trade (i.e. business) transactions. Consumer Law does not extend any protection whatsoever to clients of auction houses. Typically auction houses will only insure jewellery against loss etc for the lowest auction estimate. Auction houses will also routinely charge both buyers and sellers a premium of approximately 20% of the hammer price, plus VAT. Further charges can be levied for photography, cataloguing and handling, as well as for insurance. The total charges made by auction houses can therefore considerably exceed 40%. The whole process from initial consignment to final receipt of net proceeds can take many months.