An Antique Dealer's Blog: Looking at English Furniture
6/30/2005
But that is not the conundrum I want to discuss. The conundrum is to do with where dealers get their inventory. We buy from other dealers. Had I owned the chair that sold at Sotheby's London in early June for almost $200,000, I probalby would have priced it at around $75,000. It would have made a great investment for someone at that price. Dealers buy from dealers all the time.
The auction houses have talked for years about how they have been the source for dealers. That is true, but they have made capital out of the fact by luring customers to buy "wholesale" from them. Dealers sell to dealers all the time and the food chain is not always from small dealers to large "name" dealers. If you really want to invest, it would pay to look at dealer inventories closely. There might be something that is not only underpriced but which is also worth living with for a decade or two.
6/29/2005
Getting back to the chair that sold at Sotheby's London on June 8 for one hundred and eight thousand pounds (I have said that was over $200,000, but it is just under that amount) I would critique it less for its carving than for the chair itself. It is awkward. It is oversized and because of that the proportions are awkward--the legs feel undersized, the arms excessively stiff, the armrests too small and the back is stiff with little curvature either vertically or horizontally.
It is the carving that is the source of value, however. I have to admit to really liking the photograph of the chair in the catalogue. I almost want to second guess my dislike of the chair. However, I do remember it in the gallery and it was not prepossessing at all. It felt prissy, more like a canvas for a carver to demonstrate his stuff on, but an insufficient one. For me, the chair is not a success because the chair itself is not a success and all the window dressing of fine carving doesn't carry it where the chair can never go.
6/28/2005
The essence of great carving is in the flow of line and consistency of detail. There is a dynamism created not just by the design but by a carver's ability to express the design. For example, most rococo mirrors are fairly straightforward having columnar sides, scrolls flanking the columns and one the base, some interlaced foliage and rocaille to fill in the spaces. It is a straightforward formula, but then there are mirrors that sing and those that croak and the depth of carving has little to do with the reason why.
It would be easy to see that great depth in carving has no relevance to a great quality mirror. It does, however, because when a carver can put things into three dimensions, they are just more interesting than those that are in two. I once had a mirror that was very shallow, very little depth to the carving at all. However, the carver really understood design and did a wonderful job at creating a beautiful mirror frame. However, I also had a frame that was deeply carved by a master of the genre. I liked the first frame and appreciated it a great deal, but I loved the second frame and wish I had it still.
6/24/2005
The chair I referred to several days ago that sold for over $200,000 at Sotheby's in London had presence, but I really did not like it. I thought it stiff and over carved. I am reminded of a Gainsborough open armchair that I sold a number of years ago which in my mind was the quintessence of great 1750's carving and timber. The chair at Sotheby's was of decent timber, the chair was large which gave it presence, but the lines were stiff and the carving perfunctory. It was not a premiere chair in my opinion.
And yet the chair was raved about by a number of top dealers. Some people might say that this is what makes the world go around. In a way, that is true. We all have different tastes and experience and rate things for different values. However, you might wonder whether the lack of good English furniture is forcing us to appreciate items that might have received less attention in the past than they do today.
6/23/2005
Notwithstanding what I have just said, does this mean that I think the price to be unjustified? I can't say in an absolute sense, but I would hazard a guess that it does not. Value, particularly at auction, is decided by the bid plus commission and that is how it should be. What makes the bookcase valuable, however, is provenance and this piece has it in spades. Furniture whose lineage includes John Linnell, Robert Adam and Kedleston House is rare and valuable whether it is a chamber pot or a bookcase.
Provenance, as important as it is when it can be verifiably ascertained, means less to me than quality of construction, condition, color and most importantly, design. When those four converge at the highest level, they are far more compelling to me than where the piece was made for or even by whom it was made.
We all have our preferences.
6/22/2005
Reports from the Grosvenor House Antiques Fair are that furniture is selling, but very slowly. People are thinking and thinking and thinking about whether or not to buy. Prices are an issue and that is understandable, sort of. I conditionalize because English furniture is relatively inexpensive as compared to many other fields of collecting including American furniture and French furniture and is positively cheap compared to some of the flat art that is for sale. Furthermore, Christie's sale on June 9 in London included a George Bullock designed table with a pietra dure marble top that solf for over two million pounds as well as the Kedleston bookcase that sold for one million and sixty four thousand pounds AND a commode that sold for seven hundred and ninety two thousand pounds! Multiply those figures by 1.83 and you will have the dollar amount of those items. A single Chippendale armchair at Sotheby's June 8 sale in London, not an aesthetic marvel by any stretch, sold for one hundred and eight thousand pounds which is over $200,000.
The two sales were very patchy in terms of quality, and yet the desirable items made huge money. Is it any wonder that dealers, who after all are selling their taste as well as a fully restored ready-to-go article, are gong to start out with their prices high? We, unlike the auction houses, will come down in price if you really want something. At auction it goes the opposite direction.
6/21/2005
There are, or were, some other great things. Hotspur, for example, had a wonderful mahogany commode that is the ne plus ultra in terms of form, condition and color of a piece of 1760's English furniture. Ronald Phillips had a great pair of mahogany open armchairs with very distinctive carved backs that I remember coming up in New York in the 1980's. They are a rare and wonderful model that date circa 1765. Apter Fredericks had a marvelous pembroke table with very unusual marquetry inlay. I happened to underbid it which is upsetting because they sold it in the first twenty minutes for a huge sum of money. Kentshire, the only New York based English furniture dealer whose stock keeps getting more exciting monthly, had a very large marquetry inlaid cushion mirror. I have never seen one larger nor, I dare say, has anyone else. Size can matter from time to time.
I don't mean to ignore the many other dealers as there were plenty of other wonderful things to buy. It is always worth the trip to see this fair as it tends to remind you why you are in the business in the first place.
6/13/2005
The search for the perfect antique is rather like looking for Eldorado. It is in your head and you know what it looks like but it isn't there when you go looking for it. We compromise on just about everything. Should that be upsetting or is it life? Too many of my customers have walked because I have preached this lesson and I should know beeter. It isn't lessons I am teaching, it is antiques that I am selling.
I have found the perfect antique a number of times. After I have sold it, of course. And I never regret the selling as I have heard some do. Pleasure is its own reward and it hardly matters whether it arrives in reflection or in the moment. This is one reason that I should push, somehow, harder on those customers who think that perfection is attainable.
As I watch the dealers at Olympia peddle their goods, some of them extraordinarily good, I think that what separates them from the Grosvenor House Fair dealers, is how they see themselves as well as a bundle of cash which would enable them to do Grosvenor House. Time will get them where they want to be and they will be no different from what they are now. Thank goodness?
6/10/2005
London is a cruel town, particularly when it is beautiful. A friend asked me yesterday whether he should buy a flat in Chelsea with a roof top garden that is huge. I almost wanted to ask why he wanted it except that it was a beautiful day outside and it would be marvelous to have had the flat. London is not a fair weather town, no matter how you slice it and a roof top garden is no temptation for me in this city.
I have always thought that it should be antique dealers doing rip offs of antique designs and offering them for sale instead of designers. Certainly some designers know a good design when they see one, but it is the dealers who get to own them. Having had several pieces copied on me over the years, I am extremely leary about letting my rarer chairs go for long visits on approval. In the end, if you do copy your things, you create competition for yourself and you debase the rarity factor. Finally, the charm of an antique, or at least part of it, is its survival, a texture that is one of the reasons for buying old things. Some people just don't get it.
My flight to London this week included a free magazine called "International Smart Home". It is a British magazine and the title is meant to convey that to be smart as in chic and smart as in intelligent, you will buy this magazine and stuff your apartment full of electronic gadgetry. I love electronic gadgetry when I finally figure out how to use it, not being good at direction unless I really have to and then my pedantic side springs forward and chokes off all creative energy. In any case, I was reminded of the first stereo I bought at a Bradlees in Trumbull, CT. It included an amplifier, two speakers and a turntable. The Fisher amp works quite well - I am talking about thirty odd years later, as do the speakers although they are dinosaurs, size wise. The Garrard turntable got bashed but survived about ten years. I dare say that most of the things in "Smart Home" are designed to be superannuated in a relatively short period of time.
This would be a nice seque into why antiques are so wonderful, but I wanted to note the one wooden product available in the magazine, aside from wooden cabinets and counter tops, which was a basin made of Iroko. Iroko is a West African wood of no great distinction save for its inherently oily nature making it ideal for a basin. Oddly, a basin is the last thing that I would have made in wood. I was pleased that were was one wooden product on offer, however, and it gives me hope that "Smart Home" will someday feature products that last a couple of hundred years and which, when you are through with them, get sold by your heirs who whisper their thanks in a whiff of remembrance you probably would not get in any other way.
6/6/2005
But there are shibboleths out there. There is false information in the furniture history books that has remained unchallenged for years. For example, the writer R.W. Symonds wrote that French polishing was not used on English furniture until 1815. That is a ridiculous notion. Logic contradicts it as does the evidence. Symonds work was seminal to the field and spectacular for the most part, but he got some things wrong.
There is one furniture historian that is endeavoring to clear up some of these misconceptions. Dr. Adam Bowatt has begun a series of books of which the first is "English Furniture, 1660-1714, From Charles II to Queen Anne". Dr. Bowatt has approached English furniture methodically and from both a stylistic and evidentiary point of view which of course includes the cabinetmaker's art. For example, he and a group of students made a marquetry inlaid chest of a style dating circa 1715 and finished it according to contemporary recipes. He told me that the result was different than what he expected according to all the antique pieces he had seen, brash and colorful, not subtle and tasteful.
Gaining knowledge is hard enough, but sweeping out misinformation is even more difficult. Calcification doesn't just happen to fossils, I guess.
6/3/2005
Pieces live, however, and they get damaged. Moving furniture reduces the odds for it to remain unblemished, one of the reasons that country house sales are seductive. We want to believe that the furniture has been untouched for centuries. Judging by the condition of the furniture at Easton Neston, however, they had estate carpenters whose role was to make broken things functional in any way possible. It hurts values tremendously when things are so badly treated.
What is good restoration? Every situation is different, but just one example. When a piece of wood is chipped out of something and it is necessary to cut in a new piece to make it whole, there are a series of steps the good restorer has to take. In particular, when you match the wood, you obviously have to find timber of similar grain, but you also want to match it so that the growth rings match. This means looking at the end grain of the timber and lining them up. A plank sawn piece of wood will have evenly spaced rings that arre vertical. On plank sawn timber, the rings run diagonally. It is important to match the diagonals of the piece you are inserting to the original piece of wood. It sounds difficult but it is second nature to a good restorer and it is remarkable how much different a good repair is to a mediocre (bad) repair.
6/2/2005
Mangling your words is one thing, mincing them is another. In the antiques field, we mince our words so that we can elide the reality of restoration. Restoration is. Who wants to know that their mirror has been regilded? Why do auction houses offer condition reports? If there are further truths about a piece of furniture, shouldn't everyone know the truth? Can every question about a piece of furniture actually be answered or are there some things that can never be known?
These questions all undermine the credibility of either the furniture or the seller of that furniture. That makes clients nervous. Reality suggests that we prefer to dissemble, I mean disassemble, or whatever.
6/1/2005
In the antiques world, the most obvious wordsmiths are the auctioneers. Their trade relies on delicate phrasing, but antqiue dealers are equally nimble. What on earth does it mean to say that painting or gilding is "refreshed"? The term vetting--the methodical survey by a group of experts at fairs and expositions who stamp their symbol of authenticity on exhibitors goods--is supposed to imply a standard of excellence. The problem is that the vetter can be so easily compromised by all sorts of relationships whether it is to the goods (if they have ever owned them) to the dealers and finally whether the vetter has any knowledge.
It is a complicated business and the language used to describe goods can mean a great deal or nothing at all. The buyer just has to decide who they believe is telling the unvarnished truth. It isn't so easy in a field where not one antique dealer I know has any inkling what the word varnish really means. The circle continues.
5/31/2005
I am not one to determine what is or is not an antique unless we are talking about English furniture. It is clear to me, however, that most people do not know what constitutes an antique and that people are easily convinced to buy things that are worthless. I think back to the pet rock craze and that person, the creator of the concept, is looked upon as a marketing genius. Are antqiue dealers selling pet rocks? Maybe there should be a new category in the yellow pages? Perhaps, "Antiques, Seriously?"