My goal is to publish new posts twice a week — Mondays and Thursdays. However, if you don’t see a new post on Thursday, it’s because I was too busy, so please look for a new one the following Monday.
An era is passing. The Louvre des Antiquaires in Paris will close sometime this May or June. The handwriting has been on the wall for some time now. Each time we visited, more and more shops were closed. I asked what was going to happen. There was still some hope the center could be saved. One room was filled with a model of the future Louvre des Antiquaires, which was to fill a smaller section of the front of the building. As time passed, the potential faded and now the sad result is confirmed.
For those of you who remember, the Louvre des Antiquaires was so successful at one point in its history, new prospective tenants had to pay significant key money ($100,000 – $250,000) to secure a shop. Key money is essentially a bribe (or more diplomatically an incentive) to the present tenant to relinquish the balance of his or her lease to the new tenant. This had nothing to do with the rent, which still had to be paid to the landlord.
The concept was so successful that a similar center was opened in New York City on 57th St. It was called Place des Antiquaires, in homage to its French cousin. Unfortunately it wasn’t as successful and closed in 1992, after being open for only a few years. It was replaced by the discount store Daffy’s.
The few remaining dealers in the Louvre des Antiquaires will have to secure independent shops around Paris if they wish to continue in business. I wish them good luck.
The NYC Pier Antique Show is coming very soon, March 29-30, 2014. It’s always fun and exciting, so make your plans to come to the Big Apple. In the meantime, we’re on a European buying trip and have found a few treasures to offer for sale. You’ll be able to see them at the Pier show.
Click here to view my new website and look around. We always strive to offer the finest objects for sale on our website and at every show. There are many items for sale, sold items with prices and free lessons about glass and lamps