Nov 25, 2019
As I have written before, one of the most important factors in valuing items for auction is their historic associations. This especially true for film props and costumes and musical instruments. A guitar played by John Lennon or Paul McCartney would be valuable; a guitar owned by them even more so. However, a guitar used by either of them at one of their most famous concerts, such as the 1965 Shea Stadium event, or for recording their most famous hits, would be worth considerably more because of its iconic status. So it comes as no surprise that the auction record for a Beatles-associated instrument is the $2.1m that the late singer George Michael paid for the piano on which John Lennon wrote his solo hit Imagine.
I thought about all this when that a dress once worn by Princess Diana would be coming up for sale. In itself, this is not such a rarity; a number of gowns worn by her have sold at auction over the years, ranging in price from tens of thousands to hundreds of thousands of pounds.
However, apart from the famous wedding dress, I can’t think of a more iconic dress than the Victor Edelstein creation the Princess wore to a White House gala dinner in 1985. Why? Because she was wearing it when she made headlines all over the world at the event by dancing with the actor John Travolta to music from the film Grease.
The dress previously sold in 2013 for £240,000. The estimate this time? £350,000.
There’s iconic and ICONIC!
Nov 18, 2019
Please note that we will ONLY be open on a Sunday prior to a Painting auction once a month between 10.00am-2.00pm. This will be for preview only and not for collecting or payment of goods from other auctions.
For payment and collection of goods, the office will be open Monday-Friday 09.00-5.00pm.
Many thanks
Nov 18, 2019
Last week I wrote about brown furniture and how the fact that it is so competitively priced these days creates an ideal opportunity for getting young people looking to furnish their first home into the saleroom.
Of course, that presumes that just because they are young they have no idea about the auction process – wrong!
As I have discovered in recent years, while Generation Z have moved on from the millennial obsession with Facebook and tend to favour Snapchat, a huge number of them are also very much at home trading clothing and other possessions via apps like Depop.
The online trade in collectable trainers – especially limited edition versions issued by celebrity musicians and sports stars in the US – is now worth billions of dollars a year. What we are seeing here is the evolution of auctions and dealing platforms where teenagers are becoming as adept at negotiating, assessing value and spotting flaws as well-seasoned art and antiques dealers and collectors.
This tells me that chasing a bargain is a strong part of the human psyche and the auction process is one of the best means of meeting that need. Whatever the age and the technology, then, the essentials remain the same. And that’s rather reassuring for industry professionals, like me, who have been around for a bit.
Nov 11, 2019
For years now, we auctioneers have been banging on about the decline in demand for ‘brown’ furniture. It’s true that a number of auction houses who have developed specialist departments for smaller high-value items like jewellery, glass and ceramics have got rid of their furniture departments altogether. I understand their thinking: why devote so much time and, in particular, space to something that no longer props up the bottom line in the way it used to?
Well I think there are at least two good answers to this: the first is that not all brown furniture is the same and, even with the long-term slump, certain makers, styles and types of furniture can still make strong prices, as can been seen in our fine antique sales in Fernhurst. The second reason is that while sellers may not reap the benefits they once would have from a tallboy or a breakfront bookcase, it’s a bonanza for buyers.
For those young people who actually can afford to buy their own home these days, money remains tight, so being able to get your hands on an amazing statement piece of furniture that will last a lifetime has got to be a major attraction. These people are the next generation who will learn to love auctions, and ‘brown’ furniture, for want of a better term, is the key to getting them into the saleroom.
Nov 4, 2019
First impressions count; don’t judge a book by its cover; you can put lipstick on a pig but it’s still a pig; quality shouts: contradictory aphorisms come thick and fast in many walks of life, but few apply as often as to the fine art and antique world, especially when it comes to auctions.
So what is the best advice to follow when confronted by a lot that piques your interest?
If possible – and this is often not the case now, thanks to the internet and access to auctions on a global basis – go to the view and look at the item in person.
Ask yourself a few questions? Does it look like the real deal? Does the estimate reflect its value? If you look past the flaws, damage etc, does the quality really shout out from beneath?
If you are an expert in your field, it’s true that first impressions really do count. You may immediately recognise the typical motifs or style of an artist that others have missed; or you may also spot that something isn’t quite right and the mark and period Qianlong vase you hankered after is actually a later copy.
But for the less expert among you, ignore what everyone else does and look beyond the cracked glass and the ugly frame – both of which can be replaced – and ask yourself: how good a picture is this and do I really like it? That is the way to snapping up a real bargain.
Oct 28, 2019
Are you a hoarder or a de-clutterer? Have you ever heard of anyone being both? Taken to extremes, both can have problems, and neither tends to have a great deal of understanding of the other. For the de-clutterer, it’s a case of tidy desk equals tidy mind, while the hoarder understands what the de-clutterer doesn’t: that tiny unidentified widget that you are about to throw out will obviously turn out to be the vital part of something much larger, and without the widget you won’t be able to use the larger machine / piece of furniture / whatever.
I’m not advocating filling your homes with rubbish or leaving a mess everywhere, but the well-organised hoarder ultimately has an advantage over the de-clutterer when it comes to auction. This is because, as long as they know where to put their hands on it, they are the one who won’t have thrown out that rare scrapbook of 1966 World Cup Player cards (as I did once when I moved house), now worth a small fortune, or 1950s tinplate toys.
The authorities at Durham Cathedral have learnt this lesson. They have just raised more than £125,000 by auctioning off superfluous parts of the building’s fabric, including old bits of masonry.
Oct 21, 2019
It’s worth doing your homework whether you are preparing to sell at auction or buy. One of the most important reasons is provenance. This is the history of ownership of an item. The more significant it is, the better, and if you can trace it back through solid documentary evidence to the point of its creation, all the better.
Many and varied are the tales of people who let something go for a song only to discover later that it was worth a small fortune. By the same token, experts and others who have bothered to investigate things that turn up in saleroom catalogues properly can snap up a bargain.
One of my favourite examples of this was a set of daguerreotypes – one of the earliest forms of photographic development – that came up for auction a number of years ago. Taken in Italy, France and Switzerland in the mid 19the century, they were attractive but pitched at no more than £80. They sold for £75,000, but, as it turned out, were worth a great deal more because it transpired that they were the lost images of John Ruskin’s European tour. As the pre-eminent art critic of the 19th century, Ruskin was fascinated by the art and architecture of places such as Venice and was one of the first to catch them in photographs. Although it took the eye of a Ruskin specialist to spot the link, the discovery was a sensation and the previously unknown images have now been published in a book.
So, one of the reasons that auctions continue to prove so popular is that on occasion they can be a bit like winning the lottery.
Oct 14, 2019
Any auctioneer will tell you that what they really dream about is the classic country house sale. These used to be an occasional but regular staple of the calendar, both in the early 20th century and in the decades after the Second World War, when families whose estates has been requisitioned for the war effort found that they no longer had the resources for their upkeep.
These days, such sales are few and far between; many of the great estates have now passed into the hands of wealthy entrepreneurs and foreigners who have the wherewithal to shape them in their own image, while other stately homes have now become the property of the National Trust or other bodies who have found commercial options for keeping them going.
Occasionally a gem of a country house sale does turn up, though, the latest being the contents of Athelhampton House in Dorset, a Tudor manor house whose contents have just sold for £1.5m.
From a £75,000 George II side table to a Charles I oak stool at nearly £34,000, the furniture was a delight, but equally enticing were the books, glassware and ornaments.
If you ever want to know why art and antiques have such an enduring appeal, just glance through the catalogue; it’s food for the soul.
Oct 7, 2019
It’s amazing how sometimes it is the relatively uninitiated who have the clearest vision when it comes to auctions. At the weekend, I found myself reading a remarkable newspaper column that reminded me why nothing can replace the thrill of attending a view and then an auction in person. “eBay has been my main shopping mall since 2007,” wrote Eva Wiseman in The Observer, “because I both love old clothes and enjoy the chase. But the differences between a website and a real auction are vast and grounded largely in touch and smell, and the sense that a real person has curated this weekly museum of loss and memory.”
For all today’s technical necessities, compliance, logistics and so on, it is nice to be reminded why we have followed this calling – and being an auctioneer remains a vocation rather than a career.
Eva’s wise words continued to resonate throughout the article: “The stage on which we can see the evolution of taste play put is the auction house,” she notes as she is struck by “fresh pangs” at the lack of interest “in anything large, or ornate, or mahogany”. Whatever opinion formers in the media may claim, it is the test of the falling hammer at auction that separates the ‘in’ from the ‘out’ these days.
Most of all, though, Wiseman reveals what attracts her to auctions: “…I am chasing a moment. When the hammer goes down at the auction, I truly know what it feels like to win.”
Sep 30, 2019
Following on from last week’s story about Edward VIII’s wisdom tooth (which failed to sell despite hopes of £10,000), I am reminded of some of the more talismanic items that have either appeared at auction or sold as collectables, but whose associations are so grim that they overcome any appeal.
It’s a bit like visiting the Chamber of Horrors at Madame Tussaud’s – always the most popular section of this rather overpriced London landmark: people love being thrilled by the chill of close contact with evil for a moment or two, but in the end they don’t want to take it home with them.
Talking to a well-known collector recently, I asked him if there was anything that he regretted acquiring over his 50-year career. Most chillingly, he replied, the doorknocker from 10 Rillington Place, home of the serial killer Christie, and where he concealed the bodies of his victims. A snip at a tenner, it spooked him so much that he had to keep it in the shed and soon got rid of it.
Another was Stalin’s death mask and cast of his hands, which he sent to a foundry for casting in bronze. The foundry workers found the items so creepy that they refused to keep them in the building.
The macabre is not many people’s cup of tea when it comes to collecting, but there will always be someone out there willing to take a punt on it.
