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James D. Julia, Inc. held their Important Lamp & Glass auction on November 12-13, 2014, with total sales exceeding $1.5 million. Some categories showed significant strength, including Loetz glass, art glass shades and French glass.The sale started strongly with Loetz glass. This section of the sale was led by lot #2005, a beautifully decorated, silver overlay, vase. It sold near its high estimate of $12,000, realizing $13,035, including buyer’s premium. More than a few vases sold over $5,000 and over or near their high estimates. From a very hot market in art glass shades 7-10 years ago, the market went into its Rip Van Winkle period, asleep for many years. Now it appears that Mr. Winkle may have awoken. Lot #2334 was a beautiful, rare, Quezal shade with green and gold pulled decoration. Estimated to sell for $600 – $900, it soared to $5,628.75, including buyer’s premium — almost 10 times it’s low estimate. This shade may have been the highlight of the art glass shade section of the sale, but it was only the tip of the iceberg. Many shades sold well above their high estimates. French glass sold well, led by lot #3269, a Daum Nancy Rain scenic lamp. It sold near its high estimate of $30,000, realizing $36,735. More than a few items sold near or above their high estimates.
The Tiffany glass and lamps section of the sale was not ebullient, but I think it was mainly due to aggressive estimates and reserves, many of which ventured into the retail price area. Everyone wants to feel like they’re in the game, so low estimates and reserves always generate the most activity, excitement, and high prices. But that requires a gamble on the part of the consignor and unfortunately, not many consignors are gamblers. It’s the bane of the auction business — trying to get fresh, high-quality items, at reasonable estimates and reserves.
For the complete results of the sale, click here. You will have to sign in (free) to see the results.
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