It’s Memorial Day, but I’m not comfortable saying Happy Memorial Day, although many people do. It’s a time to honor the memory of those soldiers who lost their lives defending our liberty. So have a good holiday and remember those who came before us.
Between shows, travel and personal business, I lead a pretty busy life. So it shouldn’t be a surprise that I miss more than a few opportunities to buy good items at fair prices. Heritage’s Tiffany, Lalique & Art Glass sale, May 14, 2019, was a good example. I was interested in about 10 lots, but because we were in Chicago for a show, it totally slipped my mind.
Lot #79016 was a Tiffany Linenfold counterbalance floor lamp with a rare 4-legged base, estimated for a ridiculous $2,500 – $3,500. It was photographed poorly, too dark in the catalog, and with the shade in an awkward position. I would have paid in the range of $10,000, all in, but it sold for $7,500. I could have doubled my money at that price.
The Pairpoint lamp market has suffered for the last decade. Many lamps are selling today for less than when I started in the antiques business over 40 years ago. Take lot #79134, an 18″ diameter Pairpoint scenic table lamp, as an example. It sold for $500, including buyer’s premium, against a pre-sale estimate of $800 – $1,200. This same lamp would have sold for approximately $1,500 in the 1970s, in inflation-adjusted dollars.
Lot #79192, a rare Le Verre Francais Poissons vase, was another story. It carried a ridiculously low estimate of $500 – $700. At least two bidders noticed and bid it to a more realistic price of $6,875, including buyer’s premium.Click here for the complete results of the sale. You will have to sign in (free) to see the realized prices.
No shows until May when we’ll exhibit at the Chicago Antiques + Art + Design show at the Merchandise Mart in downtown Chicago. It’s a beautiful show in a wonderful venue. The dates are May 14-17, 2020. So put it on your calendar and make plans to visit. You’ll thank me.