The Baldwin’s joint venture was among the key developments recently published in the half-year results of parent company Stanley Gibbons.
The venerable collectables dealership, parent company of Dreweatts & Bloomsbury Auctions, Mallett and Baldwin’s, posted pre-tax loss of £6.2m for the six months to the end of September 2016, down from a £1.1m profit in the same period a year ago.
Revenue also fell to £20.2m in the period, down from £29.4m in the same period a year ago.