KNIGHTSTOWN, Ind. (ACNI) – As previously reported on Auction Central News, dmg world media is moving away from antiques publishing with its sale of London-based Antiques Trade Gazette and the expected sale of four publications produced in Knightstown, Ind., three of them antiques related.
Richard Lewis, publisher of the U.S.-based titles – AntiqueWeek, AntiqueWest, Auction Exchange, and Farm World – confirmed to Auction Central News on Oct. 9, 2008 that the publications are currently under offer.
“The sale is expected to be completed within 45 days,” Lewis said. Although he did not identify the buyer, Lewis said he is “very pleased” with the anticipated new ownership.
Lewis also resolved the speculation regarding whether or not he would be staying on permanently in his post after the sale is consummated. “It will be business as usual. Nothing will change, and I will definitely continue in my role as publisher,” Lewis said.
As the worries generated by Wall Street’s slide continue to create an atmosphere of uncertainty in the economic landscape worldwide, Lewis said he remains optimistic about the future of the antiques publishing sector.
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