Issue #55  4/3/2003
Sloan's Declares Bankruptcy and Sells Off Assets

The auction business continues to be in rough territory. In December, the 153-year old Sloan's Auction House filed for bankruptcy protection. In February, Andre Sassoon, Stephanie Kenyon and David Wilt purchased Sloan's assets. They say they will incorporate them into a new auction house, Sloans & Kenyon.

The new venture will be housed in the Cornerstone Building in Bethesda, MD and will hold its first catalog auction in May 2003.

A new web site, at www.SloansandKenyon.com , is reportedly under development now and is expected to be operational within a few weeks. Sloan's had run photography auctions in the past.