Now the word on the street is that yesterday Webb’s has made another mega move with the trimming of staff, reduction in its range of sale catagories and its intention to put art front and centre. At least part of this strategy probably lies at the door of 51 percent shareholder John Mowbray. His stamp business Mowbray Collectables has struggled on the stock market since listing and he’d be looking for a leg up from the art biz.
Another player behind this tighter focus on art (and lets face it we’re talking modern and contemporary art) would have to be investment guru and art collector Christopher Swasbrook who was made chairman of the Webb’s part of the Mowbray collectables empire last year. You can see what he thinks is the sort of art that has pull by visiting his collection web site here. A+O has never been backward in coming forward when a challenge is issued so watch out for some action over the next six months.





