The Tiffany Studios market is alive and well

This past week saw the major New York auction houses hold their 20th Century Decorative Arts sales, which included a significant number of Tiffany Studios items. What became clear is that the upper end of the market is sizzling, while the lower end of the market is fizzling. (My mother would have liked that one.) Today, I’ll discuss the Christie’s sale and on Thursday, the Sotheby’s sale.

Tiffany Studios Peony window, Christie's lot 252

Christie’s held their Important Tiffany sale first, on December 15, 2010. The sale included several important lamps and a gorgeous window, lot 252. The estimate of $100,000-150,000 gave no clue that it would become the star of the sale, realizing the incredible price of $962,500, including buyer’s premium. In retrospect, it shouldn’t have been that much of a surprise — first, it was gorgeous and second, it had impeccable provenance. It was installed in the Darius Goff House in Pawtucket, Rhode Island in 1893 and remained there until early in 2010.

Also in the sale were a Wisteria lamp ($842,500), a Snowball (Hydrangea) floor lamp ($482,500), another Wisteria lamp ($482,500) and ten more lamps selling over $100,000 each. Another nine lamps sold in the range of $40,000 to $86,500.

Rare Tiffany Studios table, Christie's lot 227

One of the more unusual Tiffany offerings was an early 1881 cherry table with brass inlays, from Tiffany’s own home at the Bella Apartment House in New York City. Estimated to sell for $150,000 – $200,000, it sold within the estimate for $182,500.

Tiffany Studios Lemon Leaf table lamp, Christie's lot 204

Simple Tiffany floral lamps and geometric lamps were under-appreciated at the Christie’s sale. There were some serious bargains, especially for Arts & Crafts buyers. An 18″ yellow Lemon Leaf table lamp with a matching Grueby base, with Jordan-Volpe Gallery provenance, sold for only $15,000, including the buyer’s premium. Kudos to the buyer for picking off this one.

For the complete Tiffany results from Christie’s, click on the following link: Christie’s Important Tiffany results.

If you like my blog, please let your friends know by sending them a link. Then check out my new Tiffany, Daum, Gallé and R. Lalique acquisitions. I’ve recently listed many of them on my website, including Daum blackbirds, swans, rain, and more to come in the next few days, plus a killer red Tiffany Favrile vase. Here’s the link. chasenantiques.com

Even Sotheby’s makes mistakes

Rare Tiffany Studios Laburnum table lamp, Sotheby's lot 227

Sotheby’s New York will hold their sale of Important Tiffany today, December 16, 2010. There are only 33 lots in the sale — but most of them are important and high quality. The offerings range from original oil paintings by Louis Comfort Tiffany to glass to lamps, like a Laburnum, lot 227.

Reproduction Tiffany Studios vase, Sotheby's lot 202

You would think their experts would be able to spot a fake Tiffany vase when they saw one, but lot 202, sneaked past them and into their catalog. It’s listed as “A Superb Monumental Floriform Vase”, circa 1900, Favrile glass, engraved L.C. Tiffany-Favrile W2977, 16 5/8″ high. Provenance — Private Collection, Paris. $15,000-20,000. The only problem is that it’s not by Tiffany Studios, but a modern reproduction. Upon receipt of the catalog, I immediately doubted the authenticity of the vase, but waited to make a final judgment until I could see it in person. There was no doubt in person. The cup part of the vase was good quality, but the foot was all wrong. It’s a decoration Tiffany did not do. The signature was an obvious fake, of which, unfortunately, I don’t have a photo. I can only assume that the European consignor was an important client with other valuable objects, so the vase did not get the proper scrutiny it deserved. It’s rare for reproductions to get past their experts.

(P.S. – Thursday afternoon, December 16, 2010, 1:55 PM. I just found out that Sotheby’s withdrew the above lot, #202, before sale time. I don’t know if someone read my blog and informed them or if they found out another way, but luckily it was not put up for sale. It saved the potential buyer a lot of grief.)

Christie’s Tiffany results were excellent on December 15th, so I can only assume that Sotheby’s will be too. I’ll post blogs next week about the recent 20th Century sales in New York at the major auction houses. One item soared past estimates to sell for almost $1 million.

If you like my blog, please let your friends know by sending them a link. Then check out my new Tiffany, Daum, Gallé and R. Lalique acquisitions. I’ve recently listed many of them on my website, including Daum blackbirds, swans, rain, and more to come in the next few days, plus a killer red Tiffany Favrile vase. Here’s the link. chasenantiques.com

Solid results at Julia’s Lamp & Glass Auction, December 1-2, 2010

James D. Julia, Inc. held their semi-annual Lamp & Glass auction on December 1 & 2, 2010, with excellent results. Dudley Browne, the head of the department, told me he was very pleased with total sales of $1.9 million, against expectations of $1.3 million. He attributed the improved results to several reasons — new collectors, old collectors getting involved again, and realistic estimates and reserves. The sell-through rate improved to 85% — a significant increase over the previous couple of years.

Tiffany Studios Peony border floor lamp, Julia's lot #2276

It was no surprise that the top lot of the sale was #2276, an estate-fresh Tiffany Studios Peony Border floor lamp with excellent color and in near mint condition. It was consigned by the children of the buyers who purchased it at an auction in the Midwest in the early 1960s. Estimated at $125,000-175,000, it sold for $172,500, including buyer’s premium.

Tiffany Studios Aquamarine vase, Julia's lot #2257

The top Tiffany Favrile glass lot of the sale was #2257, a rare aquamarine vase. Aquamarine vases are heavy as they’re nearly solid glass, with internal decoration, usually flowers or fish. This example was very nice, with yellow daffodils. The pre-sale estimate was $15,000-20,000 and sold for $34,500.

Rare Daum Nancy gourd vase, Julia's lot #2012

French glass sold well, with a unique Daum gourd vase with applied insect selling best. It’s final price was $19,550 against a pre-sale estimate of $10,000-15,000.

Painted lamps by both Handel and Pairpoint were weak. Prices appear to have regressed to levels not seen since the 1980s.

For the complete sale results, click on the following link. Julia Lamp & Glass results. You will need to register first (free).

If you like my blog, please let your friends know by sending them a link. Then check out my new Daum, Gallé and R. Lalique acquisitions. I’ve listed them all on my website. I just listed another fifteen incredible Daum items, including swans, rain, and more in the last few days. Here’s the link. chasenantiques.com

The results of the NYC Pier Antiques Show, November 13-14, 2010

The lines outside of the show at 9:45 AM on Saturday morning

Stella Show Management held their semi-annual NYC Pier Antiques Show this past weekend, November 13-14, 2010. Attendance was excellent on Saturday and very good on Sunday. The weather was probably a factor, as it was uncharacteristically mild for a mid-November weekend. The two-pronged line extended far out of the door 15 minutes before opening at 10 AM on Saturday.

My booth on Saturday afternoon

Personally, my show was good, with interest and sales in many categories, including Tiffany glass and desk pieces, French cameo glass, Vienna bronzes and Icart etchings. In asking around, I heard results from good to fair. No one was effusive and no one was glum. Most dealers were satisfied.

Sold Daum Nancy solifleur vase with wild orchids and spider webs

In my last blog, I tried to convey some of the atmosphere of the show. In talking to another show promoter during the show, she referred to the Pier Show as “raw”. It made me look at the show through a stranger’s eyes. What I saw is a show that is not polished, with more functional displays than elaborate ones. That’s part of what makes the show interesting — it’s a very “New York” happening. Can I say “funky” anymore or is that passé?

The hours are long, from 10 AM – 6 PM, both Saturday and Sunday. It makes a lot of sense on Saturday, when there are lots of people all day, but it makes NO sense on Sunday. The hours should be 12 – 5 PM, but I can understand longer hours. At the very least, the hours should be shortened one hour on Sunday, from 11 AM – 6 PM. I spoke personally to Irene Stella about the change, but she indicated to me that the dealers needed the extra hour to park in the street and pay their bills. Excuse me??? I need an extra hour’s sleep and rest and not help with parking or paying my bills. To those other dealers who read my blog, please let Irene know you agree with me. From 10 – 11 AM, I did not answer a single question from even one person, nor did I open a single cabinet. The show didn’t even start to fill up until about 11:30 AM. Irene, please change the hours. OK, enough of my bitching.

Stella Show Management continues to put together high quality full shows in a world where many shows are shrinking dramatically. Their publicity is good, so they maintain consistently strong attendance. I wish them continued success.

If you like my blog, please let your friends know by sending them a link. Then check out my new Daum, Gallé and R. Lalique acquisitions. I’ve listed them all on my website. I’ve listed another twenty items in the last few days, including Tiffany, Quezal, Steuben, Van Briggle, Fulper, George Ohr, Daum and Gallé. Here’s the link chasenantiques.com

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Tiffany Studios auction action in Connecticut, Saturday, October 30, 2010

Tiffany Studios turtleback inkwell, Nadeau's lot #150

Nadeau’s Auction Gallery of Windsor, Connecticut, sold a killer Tiffany Studios inkwell on Saturday, October, 30, 2010. Their auction description was as follows:

Description: Tiffany Studios RARE ‘TURTLEBACK TILE’ AND BRONZE TRIPLE INKWELL, with two gold iridescent liners, three metal inserts, stamped TIFFANY STUDIOS NEW YORK, 1071

Dimensions: ht. 4 1/4in., dia. 6 1/4in.

Estimate: $15,000 – $25,000

Starting Bid: $7,500

In their written description, they left out the fact that the inkwell rotates — a rare feature, however they did mention it just before selling the object. The bidding started at $15,000 and continued in $1,000 increments until the final price of $30,000 ($37,500 with the buyer’s premium). In my opinion, the price was a bargain if the buyer was a collector and a bit high if the buyer was a dealer. I had guessed the final price would be closer to $50,000, considering the beauty, rarity, and desirability of this very fine inkwell.

Tiffany Studios Tyler Scroll table lamp, Gaudreau's Auction Company

On the same day, Gaudreau’s Auction Company of Killingly, Connecticut, sold a Tiffany Studios Tyler Scroll table lamp, in as-found condition. The lamp had an original kerosene burner and a very dirty shade. It had never been electrified. The unreserved lamp was sold at the high end of the $10,000 – $20,000 pre-sale “guesstimate” for $20,000 ($22,000 with the buyer’s premium) — a very fair price for the lucky buyer, followed by loud applause from the audience. The lamp was not pictured in any advertisement, only described. One had to visit the auction site to see photos of it.

I don’t think any sweeping conclusions can be drawn from these two results, except to say that if you had enough spare change and the knowledge of when and where they were selling, you could have bought two winners.

If you like my blog, please let your friends know by sending them a link. Then check out my new Daum, Gallé and R. Lalique acquisitions. I’ve listed them all on my website. I’ve listed another ten items in the last couple of days, including art pottery. Here’s the link chasenantiques.com

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Excellent results at Rago’s early 20th Century/Arts & Crafts auction, October 1, 2010, including a few lottery winners

The results at Rago Auctions on October 1, 2010, showed just how much the public appreciated the assembled variety of pottery, glass, lamps and furniture. Many of the items were high quality and fresh to the market — a combination that’s hard to beat. Talk of recession is finished. Now buyers have to compete strongly for the best merchandise.

Rare Marblehead decorated vase by Arthur Hennessey, Rago lot #131, October 1, 2010

The top lot of the sale was a rare 7″ Marblehead vase, decorated by Arthur Hennessey. Even with a 1½” hairline crack (usually the kiss of death), the vase soared to $134,200, against a pre-sale estimate of $25,000-35,000. Bidding was fierce as this was only one of four known to exist.

Martin Brothers bird tobacco jar, Rago lot #209, October 1, 2010

The Martin Brothers of London and Southall were nicely represented with nine lots, six of which were the very desirable bird tobacco jars. Four of these birds were among the top ten lots of the sale. Lot 209 was estimated to sell for $17,500-22,500. It doubled its estimate to sell for $39,040. Again damage didn’t seem to be much of an issue. The public was looking for excellent examples and they weren’t going to be deterred by a few chips or hairline cracks. Ceramics buyers are much more tolerant of condition issues than glass buyers.

Tiffany Studios pottery bowl, Rago lot #463, October 1, 2010

There were more than a couple of lottery winners at this auction. Lot #463 was a rare Tiffany Studios pottery bowl with fern decoration, the only example known. It was recently purchased at an estate auction in Pennsylvania for $115. It sold for $25,620, against a pre-sale estimate of $15,000-20,000. Not a bad day’s pay.

I emailed David for his impressions of the sale. Here is his reply.

“We were surprised by how strong the Tiffany and Lalique performed in the sale. I knew the material well enough to understand it was unusual, but not nearly enough to think it could take off. The first Tiffany glass lot, the early blue vase (lot #473, $23,180), both the consignor and I thought wasn’t even Tiffany. That collection of glass (and including the large jeweled desk set) did more than double what we told the consignor to expect. The Tiffany pottery fern bowl was recently purchased by the consignor at a local auction for $115 and I knew it would do well, but the $25k was above our expectations. And the Tiffany sketch book, from his trip up the Nile in 1908, passed but sold after the sale. That was a surprise because there were like 28 sketches in the book which, individually, had to be worth $1500 – 2k each on the average and the reserve was $35k. And I’m thinking that the book, as a whole, is worth more than the sum of its parts.

I’m still not sure about the Lalique and why the prices, especially for the jewelry, were so high. There must be a new buyer or three out there focusing on that niche and driving the prices. In any case, we had most of them in for $1000 – 1500 and many brought from about $4k to 11k including premium. The only sour note was again the non sales of tired dealer merchandise (lamps mostly) that were taken in at fair prices but didn’t sell for the same reasons the dealers who consigned them couldn’t sell them. Estate lamps, like our daffodil? It’s like buyers have a sixth sense for what’s new to the market and there to be sold (that brought 40k…) on top of that, we ended up having to pull the Tiffany parasol lamp because the base was doctored. We had a buyer in Europe who left a covering bid and a serious buyer on the phone from the east coast, so it was more than sold. But we have no interest in getting behind a piece with problems. The auction as a whole was over 80% sold for the weekend and hammered in estimate range, totaling (with bp) over 5.5 mil.”

Cowan Jazz bowl, Rago lot #869, October 2, 2010

I would be remiss if I didn’t mention another wonderful story from the next day’s auction. A picker had found a Cowan Jazz bowl and brought it to a Rago Monday appraisal day. It had been used as a planter, so it was very dirty, with mineral deposits to the interior glaze at the bottom and two hairline cracks to the rim. The picker wanted a $5,000 reserve. He was advised to permit Rago Auctions to clean and professionally restore the bowl. The bowl was presented at auction with all the details of the restoration. It carried a pre-sale estimate of $20,000-30,000 and sold for $158,600 — a fantastic price, but below the more than $200,000 for another example that previously sold in perfect condition. According to David, the result will make an important impact on the quality of the consignor’s life.

If you like my blog, please let your friends know by sending them a link. Then check out my new Daum, Gallé and R. Lalique acquisitions. I’ve listed them all on my website. Here’s the link chasenantiques.com.

Results of the Chicago Merchandise Mart Fall Antiques Show, October 1-4, 2010

My booth on Sunday afternoon

The Chicago Merchandise Mart Fall Antiques Show finished yesterday. Most of the dealers I spoke to were pleased with their results, but for the most part, they were below the results of a year ago. Attendance was good at the show, but selling was not quite as strong as before. No one I spoke to was ebullient, most were satisfied, and one dealer was quite unhappy.

A fantastic Daum Nancy ewer with poppies

Personally, I was pleased with my show, but my results were also below a year ago. Interest was best in Tiffany lamps and frames, Daum Nancy glass, and Icart etchings. I am always thankful to my loyal clients who buy from me repeatedly, and very gratified for the new clients I made at the show. This was a good show, not a lucky one, as I sold items to more than a few clients.

A rare Tiffany Linenfold floor lamp with hoof feet

The Merchandise Mart shows are amongst my favorites of the year. Setup and packup are always pleasant and efficient. All of the staff at the Mart, from the porters to the office, bend over backwards to be helpful. Downtown Chicago is great. Now if I can only convince them to get rid of the preview party, I’ll really be happy. Four hours of torture for me that always puts me in a bad mood.

If you like my blog, please let your friends know by sending them a link. Then check out my new Daum, Gallé and R. Lalique acquisitions. I’ve listed them all on my website. Here’s the link chasenantiques.com.

Results of the Chicago Summer Antiques Show, August 27-29, 2010

This year, Dolphin Promotions held its annual summer Chicago Antiques Show at the Rosemont Convention Center. It had been held there for many years, but was moved to a downtown location last year in an effort to reinvigorate the show. This year, Rosemary Krieger, the owner of Dolphin Promotions, decided that the show was better off back in its original location. To give the show a boost, she upped the advertising budget and offered incentives to the public, including free parking for a paid admission.

Sunday at the Chicago Summer Antiques Show, August 29, 2010

Show attendance was light to moderate for most of the show, but many of the attendees were serious buyers, so a decent percentage of the dealers reported that their shows were fair to good. Personally, my show was decent, with good interest in Tiffany and Loetz glass and Tiffany desk set items. Sales were decent on Friday and Saturday. Sunday was a bust, with the usual cast of tire-kickers. If only I knew which Sundays to stay in my hotel room and watch TV!

Tiffany Studios Pine Needle magnifying glass

There are so many interested, knowledgeable buyers in the greater Chicago area, that I would love for the show to succeed and grow again. As the economy strengthens in the coming months and years, the show will have a decent chance.

This coming week, we’re off to Baltimore for the biggest show of the summer and probably one of the biggest shows of the year. The Baltimore Summer Antiques Show is held every year over the Labor Day weekend, ending on Sunday. This year’s dates are Thursday, September 2, to Sunday, September 5. The show was expanded to four days after the previous promoter, Frank Farbenbloom, sold it to the Palm Beach Show Group. This is one show that you should get on a plane, get in your car, or get on a train, and ATTEND. The show is not only huge, but top-notch quality, with some fantastic dealers who exhibit at very few shows, including some from abroad. Buyers fly in from all over the world, including Europe, Japan, and South America. The Baltimore Inner Harbor is a fun location in the summer, so for the price of one trip, you get the antiques show, wonderful local entertainment and great restaurants.

The Baltimore Summer Antiques Show will be held September 2-5, 2010

I recently added over 10 Galle vases to my website, 7 Tiffany lamps, 1 Grueby vase, 1 Newcomb vase, Daum Nancy glass and a fabulous Burgun & Schverer internally decorated vase. This coming week, I’ll be adding many new items. Please take a look. Click on this link chasenantiques.com.

Please send me your comments or questions about art glass, lamps, Louis Icart, shows, auctions, etc. If it’s interesting, I’ll answer you in a future blog.

Results from the Redondo Beach Antiques Show, July 23-25, 2010

Tiffany Studios 12-light lily floor lamp

Tiffany Studios 12-light lily floor lamp

It was a good show. It was a bad show. Attendance was fair at the show, with a bunch of questions, lots of compliments, and very few sales. Until Sunday afternoon, the show was going poorly. Many of the dealers were also complaining (but a few weren’t). Enter my loyal client who was looking at an important lamp since Friday. After a bit of negotiation, the sale was made. Good show.

So why was it a bad (lucky) show? A good show is one where business is composed of many sales that add up to a good total. A lucky show is one where few sales add up to the same good total. I’d much rather have a good show than a lucky one. It’s very stressful to sit at a show for many hours without making a sale. Good shows are fun and not stressful.

Thanks to all my loyal clients. You know who you are. Without you, business would be very difficult at this time, so your loyalty is especially appreciated.

We’ll be back in the Los Angeles area in about 10 days for the August 6-8, 2010 Pasadena Antiques Show. If you missed us at Redondo Beach, we’d love to see you in Pasadena.

I recently added over 10 Galle vases to my website, 7 Tiffany lamps, 1 Grueby vase, 1 Newcomb vase, Daum Nancy glass and a fabulous Burgun & Schverer internally decorated vase. This coming week, I’ll be adding many new items. Please take a look. Click on this link chasenantiques.com.

Please send me your comments or questions about art glass, lamps, Louis Icart, shows, auctions, etc. If it’s interesting, I’ll answer you in a future blog.

Results of the Denver Antiques Show, July 16-18, 2010

My booth at the Denver Antiques Show, 2:20 PM, Sunday afternoon

My booth at the Denver Antiques Show, 2:20 PM, Sunday afternoon

2:20 PM Sunday. Although attendance has been decent throughout the show, sales have been poor (read non-existent) since Friday afternoon. So based on the results to this minute, we will not be returning to exhibit in Denver. Should something dramatic happen in the last few hours of the show, I will be pleased to change my mind. It’s too bad that the locals don’t buy enough to support the show. Denver is a nice city and Colorado is a beautiful state, but business is business.

5:00 PM, Sunday. The show just closed and sales for the day were $30. Two out of the three shows in Denver were not good, so we have decided not to return to Denver.

I spoke to several dealers and each and every one told me the show didn’t go well. That’s how shows fail. A vicious cycle begins when the dealers can’t sell enough to warrant returning. The show gets smaller, the public is disappointed, and round and round it goes until the show fails. Cleveland used to be a wonderful city to exhibit many years ago, especially at the Cleveland Coliseum, halfway between Cleveland and Akron. Now all of the shows there have failed and there is no decent antique show in the area.

Now we’re on to the Redondo Beach Antiques Show, just south of Los Angeles, this coming weekend, July 23-25, 2010. That show has been shrinking every year, but business is usually decent. I’ve met some of my best clients there, so I hope it doesn’t fail. Apparently that isn’t the case for the other dealers, as many have dropped out. The antiques show business has become tough, with only the best shows surviving in major cities like Miami, New York, Chicago and Baltimore.

Tiffany Studios 12-light lily floor lamp

Tiffany Studios 12-light lily floor lamp

I’m bringing some amazing items to the Redondo Beach show, including a Tiffany 12-light lily floor lamp. Tiffany lily lamps are not rare, but lily floor lamps are. It’s only the second one that I’ve had for sale in the last 35 years. I’ve got another six Tiffany floor lamps, as well as a superb collection of table lamps that I’ve recently acquired. In addition, I’m bringing a wonderful selection of Tiffany, Galle and Daum Nancy glass, and American art pottery, including some great examples of Grueby, Newcomb College, Marblehead, and George Ohr.

Please come and visit me at the Redondo Beach Antiques Show and introduce yourself.

I recently added over 10 Galle vases to my website, 7 Tiffany lamps, 1 Grueby vase, 1 Newcomb vase, Daum Nancy glass and a fabulous Burgun & Schverer internally decorated vase. This coming week, I’ll be adding many new items. Please take a look. Click on this link chasenantiques.com.

Please send me your comments or questions about art glass, lamps, Louis Icart, shows, auctions, etc. If it’s interesting, I’ll answer you in a future blog.