Osvaldo Patrizzi Responds

On the 10th of January an extraordinary shareholders meeting of Antiquorum was held in which the company’s management presented interim financials for the six months ended September 30, 2007. The figures included in these financials seem to be far from reality and show an increase of expenses by a factor of 2.3 producing a loss of over CHF 7 Million for this short period. Requests for more detailed information by Habsburg Holdings and Osvaldo Patrizzi (representing 50% of the shares!) were flatly refused. Based on the (questionable) losses presented, Antiquorum’s management then pushed through a reorganization plan by deciding to cancel the existing shares and issuing new shares. As before, the rights of half the shareholders were completely ignored.

On the 24th of January 2008 the prosecutor of Zurich in Switzerland issued an injunction that blocks the commercial register of Geneva from registering any changes to Antiquorum concerning the reduction or increase of its capital. This effectively blocks Antiquorum from carrying out the reorganization plans.

This was followed on the 28th January by a second injunction which liberates the Antiquorum shares that were until now blocked from delivery by the Zurich prosecutor.

February

Fortunately, Artist House has sent a few dollars to Antiquorum, enabling them to pay off some of their most urgents debts.  Unfortunately for them, it won't go very far, since on February 8th, Antiquorum received a legal injunction to pay Sfr. 11,000,000 to one of their clients.  This order has come after the client's futile request (for many months) for vendor statements which never came.

-Rumor has it that a few more unhappy employees have decided to leave Antiquorum.  This includes 2 experts, Etienne Lemenager from the Geneva headquarters, as well as expert and managing director of Hong Kong, Peony Kiu.

Another law suit

For those interested parties, there is another law suit, filed by me,  against Antiquorum and Joseph Lam - once again confirming the illegal behavior on behalf of Antiquorum.  You can find the details by googling Patrizzi Lam.

 

March

 Monday, March 10, Evan Zimmerman and Antiquorum USA, along with the New York Police Department, were served with the complaint and summons for the law suite filed by Mark Schumacher,  regarding the wrongful actions taken against him on August 2, 2007 (False Arrest/Imprisonment; Assault, and several other accusations). 

- Karin Tasso, who was the head of marketing and public relations for Antiquorum, has officially resigned - one more gone.

 March 20

Unfortunately, the premonition of death is becoming reality.  Brandon Thomas has finally reached his moment of catharsis and has resigned today from Antiquorum, as well as Mr. Zanetta and Georgia Mondani!

The presentation by Evan Zimmerman of William Rohr as the future CEO of Antiquorum a few days ago combined with Mr. Rohr’s criticism of everything and everyone clearly had only one purpose, destabilizing the company. It has become obvious that Evan Zimmerman only has one thing in mind, finding a way to separate Antiquorum USA from the rest of the group even if that means that the rest of Antiquorum will go under.

It is with extreme sadness, that after 34 years of unprecedented growth and success, and global recognition as an innovative international auction house, to watch Antiquorum begin its decline and hear the death bells tolling.  As the Father of Antiquorum, it gives me no delight to see my child die, and more death is on the way.

But it is with great pleasure that I announce that the old lion is not dead.  We will be presenting our new venture to the press on April 7-8th, and I promise you that it will revolutionize the world of auctioneering.