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AN AUSTRALIAN painting bought for $US25 at an antique market in Texas is expected to fetch up to $A45,000 at a Melbourne auction this month.

AUCTIONEER and antique specialist Sid Brown has seen a lot of garages and back sheds in his time.

When Lynton Ferris mounts the stand, gavel in hand, on Sunday June 22 to conduct his next special antique auction at 52 Mollison Street, Kyneton, buyers may not be aware of the enormous sense of history surrounding his actions.

Angry antiques sellers vowed to take legal action yesterday after finding their possessions had vanished from a closed-down Richmond auction house. When Melbourne Antique Auction Rooms proprietor Les Bilham shut down and disappeared two weeks ago, leaving debts worth tens of thousands of dollars,