Good results for Tiffany Studios at Christie’s and Sotheby’s March 10-11, 2011 auctions

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Christie’s and Sotheby’s New York locations used to hold two 20th Century Design auctions per year, in June and December. Recently they’ve each added March sales. The overall quality of the offerings is usually lower, as the sales are used to clean up the excess consignments that accumulate. Sotheby’s was first on March 10th, 2011, with Christie’s selling the following day.

Tiffany Studios Magnolia boudoir lamp, Sotheby's lot #14

The top lot of the sale was a rare and very unusual Magnolia boudoir lamp with leaded glass flowers and mosaic glass inlay throughout. Estimated to sell for $50-70,000, it sold very near the high, for $86,250, including buyer’s premium.

Tiffany Studios Clematis chandelier, Sotheby's lot #13

The second highest Tiffany Studios item was lot #13, a beautiful Clematis chandelier. It handily exceeded it’s pre-sale estimate of $30-50,000, reaching $80,500, including buyer’s premium.

Total sales were $3,551,816, less than the usual $5-7,000,000 for the June and December sales, but still quite respectable. Click on the following link to view the complete results. Sotheby’s 20th Century Design results.

Tiffany Studios 22" Peony table lamp, Christie's lot #5

Christie’s sale wasn’t as high-powered as Sotheby’s, so total sales were only $1,435,125. It included a few bargains, in my opinion, such as lot #5, a Tiffany Studios 22″ Peony table lamp. It had been offered in a previous sale, at a much higher estimate, and didn’t sell. Re-offered items have a “stigma” attached to them, many times unjustifiably. This wasn’t the greatest example of a 22″ Peony, but it was still was very good. The flowers were gorgeous, but the background was so-so. Christie’s wanted to make sure it sold this time, so the estimate was lowered to $100,000-$150,000. It sold for $134,500, including buyer’s premium, probably much lower than it would have the first time around, if it had carried a lower estimate and reserve.

Duffner & Kimberly 24" Peony floor lamp, Christie's lot #9

The second big bargain was for a beautiful, huge Duffner & Kimberly 24″ Peony floor lamp. Estimated to sell for $50-70,000, it sold for $30,000, including buyer’s premium. That’s a very unusual event at major auction houses because the reserve is usually no more than 25% below the low estimate. This lot apparently had a very low or no reserve. I surely wasn’t expecting that or I would have spent more time examining it at the exhibition.

For the complete results of the Christie’s sale, click on the following link. Christie’s 20th Century Design results.

Check out my new Tiffany, Daum, and Gallé acquisitions. I just listed three important Tiffany vases, including a red decorated vase, straight from a private home. I also listed about ten Daum and Gallé vases plus about 10 Tiffany Pine Needle and Grapevine desk pieces. Here’s the link. chasenantiques.com

Le Verre Francais and Tiffany Favrile glass do well at Jeffrey S. Evans & Associates auction, March 19, 2011

Jeffrey S. Evans & Associates of Mt. Crawford, VA, held an Art, Studio and Cut Glass auction on March 19, 2011. Included in the sale were several good items by Le Verre Francais and Tiffany Studios.

Rare Palmiers Bleus vase, Jeffrey Evans lot #207

Lot 207 was a rare Le Verre Francais vase in the Palmiers Bleus pattern, 11″ tall. It was estimated to sell for $3-4,000, and sold for $5,100, including buyer’s premium. The Le Verre Francais market has been quiet for some time now, so the result was good for today’s market. This same vase would probably have sold for double a few years ago.

Rare Tiffany Favrile perfume with ormulu decorated lid, Evans lot #228

Lot 228 was the star of the art glass section. It was a rare blue decorated Tiffany Favrile perfume bottle with an exquisite ormolu hinged top, 4″ tall. Even with a few surface scratches to body, it soared past its pre-sale estimate of $1-2,000, to sell for $13,200, including buyer’s premium.

Rare Tiffany Favrile miniature red decorated vase, Evans lot #229

The next lot, #229, a rare miniature red decorated Tiffany Favrile vase, 1½” tall x 2 1/8″ diameter, was from the same collection of Ms. Frances Armentrout of Naples, FL. It carried a pre-sale estimate of $800-1,200, and also flew past its estimate, to sell for $7,200, including buyer’s premium.

For the complete catalog of the sale, click on the following link. Jeffrey S. Evans & Associates glass auction.

Check out my new Tiffany, Daum, Gallé, Webb and R. Lalique acquisitions. I just listed some important Tiffany vases, straight from a private home. Here’s the link. chasenantiques.com

The Pier Show is coming! The Pier Show is coming!

The NYC Pier Show, Saturday-Sunday, March 12-13, 2011

I don’t have a horse to help me get the message out, but I do have the Internet. Now there’s a thought. Paul Revere would have tweeted about the British. My son tells me I have to get with it and start using Twitter, so soon I’ll figure it out and get with the program.

There were two lines for the opening of the November, 2011 Pier Show

In the meantime, at least I write a blog and can tell you that the NYC Pier Show is coming this weekend, Saturday-Sunday, March 12-13, 2011. The show is a big deal, even by NY standards. There’s nothing quite like it, with very diverse offerings that are difficult to find in today’s shows. This is the way shows used to be, with the antique show in the Madison Square Garden Exposition Rotunda, coming closest. That show was held once a year and the anticipation was amazing. There was always an enormous line that formed when the show began. The lines at this show are huge too.

So what’s so good about the show? First is the diversity. You can buy vintage clothing (there are quite a few exhibitors), famous autographs (there’s a new section), costume jewelry, furniture, every conceivable type of decoration from vintage to modern, art, art glass (think me), Tiffany lamps (think me, too). More decorators visit this show with their clients than many other shows. Next is quality, with superb offerings from many of the exhibitors. Last is quantity. It’s a big show, with many exhibitors, so you’ll be able to find what you’re looking for.

Monumental 19" Gallé vase with two dragonflies

I’m bringing many new items that are new to my inventory. I’ve bought very well since the last time I exhibited at the Pier Show in the fall. I’m bringing great new Daum and Gallé items, Tiffany glass from a private collection, a super Tiffany Studios green Linenfold counterbalance floor lamp and lots more.

Travelers come from all over the world to shop this show, so make the time to come and visit. You surely won’t regret it. And what’s more fun than playing in New York City for the weekend, with its great restaurants and shows? I can think of worse things to do.

If you like my blog, please let your friends know by sending them a link. Then check out my new Tiffany, Daum, Gallé, Webb and R. Lalique acquisitions. I just listed some important Tiffany vases, straight from a private home. Here’s the link. chasenantiques.com

Pastel glass of the Louis C. Tiffany Furnaces, Inc.

A rare two-color pastel wine glass

In January, 1920, Louis C. Tiffany Furnaces, Inc., was formed and headed by A. Douglas Nash. In the decade that followed, a line of pastel glassware was created that proved popular. The items were all utilitarian, as opposed to the art glass that Tiffany Studios produced. Wine glasses, parfaits, compotes and candlesticks were made in various shades of yellow, green, blue, pink, and lavender. The quality of the workmanship was very high.

Tiffany pink candlesticks

Pastel glass is under-appreciated by today’s collectors. Perhaps the spark will be the publication of a book on the topic. As of today, there is no such book, but Gordon (Hank) Hancock of Long Island is writing one that I hope he finishes and publishes. In the meantime he has done substantial research. (You may contact him directly at pasteltiffany@aol.com)

To those collecting today, certain colors appeal more than others. Pink is probably the most sought after, followed by lavender, blue and green, with yellow trailing the pack. Tastes change, so buy what you like. Doesn’t the “in” color change every year for ladies fashions?

Aqua color wedding ring compote

Some of the shapes were more unusual than others. A “wedding ring” compote is moderately rare and especially nice.

A rare chartreuse color variation

The numbering system on pastel glass is different than for earlier Favrile glass from Tiffany Studios. Earlier pieces had unique numbers that included a prefix or suffix letter. The numbers on pastel items do not have a letter and refer to the shapes, so you will see the same number repeated on items with the same shape. For example, 1881 is a trumpet vase and is repeated on all trumpet vases of the same size and shape. (Credit Hank Hancock for this information.)

Prices are still very reasonable for pastel glass. If you find it appealing, it’s a great time to enter the market and start collecting. One day, prices may soar and you’ll look back fondly on this time period.

If you like my blog, please let your friends know by sending them a link. Then check out my new Tiffany, Daum, Gallé, Webb and R. Lalique acquisitions. I just listed some important Tiffany vases, straight from a private home. Here’s the link. chasenantiques.com

The Sarasota Antiques Show is over and the Palm Beach Antiques Show is starting this coming weekend, February 19, 2011

Sunday afternoon in my booth at the Sarasota Antiques Show

Call me a glutton for punishment. After exhibiting at two shows in a row in Miami, we made it three-in-a-row with Sarasota and soon to be four-in-a-row with Palm Beach. I don’t mind the work when it’s rewarded, but it was not to be in Sarasota. Next year, we’ll relax on a Caribbean beach for a week between shows. Hey mon, I can already taste that Jamaican beer!

One of several fabulous Tiffany Favrile vases that I recently acquired from a private home

This is the third time we’ve exhibited in Sarasota and now we know beyond the shadow of a doubt that it’s the last time. It’s a beautiful city, but that’s not a sufficient reason to exhibit there. There aren’t enough buyers for important items. I received lots of compliments, and I do appreciate them, but unfortunately I can’t pay the mortgage with them.

It amazes me, although it shouldn’t, how little the general public understands about the antiques business. First and foremost is that most people don’t even realize it’s a business, with profit and loss. If more people understood that, there could be a better balance of the needs of both exhibitors and attendees. Exhibitors need to sell. The public, in general, needs to be amused. The buyers need to find what they’re searching for. So how can a balance be achieved? I’ll propose a radical solution that has little chance of succeeding. Attendees at antiques shows pay nothing for admission if they make a purchase. Those who don’t make a purchase pay for admission, say $50. What would happen? Fewer people would attend, but a higher percentage would make purchases. Sounds good to me. The problem is that there is a third interested party — the show promoter. Promoters make money from two sources, booth rent from the exhibitors and admissions from the public. They have no interest in limiting the number of people who attend — just the opposite. The antique shows that get the balance correct will continue to thrive, while those that don’t will eventually go out of existence, as has already happened in several cities. In the meantime, I’ll keep writing my blog in the hope that I can affect and improve the balance. But I digress.

Opening day at last year's Palm Beach Jewelry, Art & Antique Show

Next weekend, on Saturday, February 19th, the Palm Beach Jewelry, Art & Antique Show opens to the public. It will remain open for four days, until Tuesday, February 22nd. It’s a gorgeous show, with important dealers, many of whom exhibit at very few shows. It’s worth a trip from anywhere. Buyers fly in from all over the US, as well as Canada and Europe. Palm Beach is a lovely place to spend some time in the middle of winter. There’s still time to make your plans.

If you like my blog, please let your friends know by sending them a link. Then check out my new Tiffany, Daum, Gallé, Webb and R. Lalique acquisitions. I just listed some important Tiffany vases, straight from a private home. Here’s the link. chasenantiques.com

The results of the Original Miami Beach Antiques Show, February 3-7, 2011

My booth at the show

There were definitely more smiles than frowns after the Original Miami Beach Antiques Show ended on Monday evening. Attendance was fairly good, but definitely affected by the horrible weather up north. Several people I spoke to said they were delayed by a day or two in arriving because of airport closings and canceled flights. Regardless, business was generally good. I asked many dealers how they did and very few said fair or poor. Most replied good, excellent, or even better. One dealer brought approximately $1 million dollars in jewelry to the show. He told me he sold out. That’s right, nothing left. He sold well to the public and then a dealer who specializes in buying complete booths bought whatever remained. Not bad for a few days work. Another dealer, who specializes in Tiffany lamps, sold so many lamps that he had his best show ever.

An important, huge 19 inch Gallé vase with two dragonflies

Personally the show went well, with sales strongest for French cameo glass (which remains strong), Tiffany Studios glass, lamps and frames (which also remain strong), and Icart etchings (a pleasant surprise). The buying also was good. Last week I bought some wonderful French cameo glass at the Miami National Antiques Show. This week I bought an important Galle dragonfly vase and some fine Tiffany Studios objects.

The results of the Original Miami Beach Antiques Show are usually a barometer for the antiques business for the rest of the year. Right now, things are looking up.

Packup on Monday evening at the show

This week we’re off to Sarasota to try another show. We haven’t had the best luck there, but the timing was right, coming the week after the Miami Beach show and before the West Palm Beach show. Last year we had a scary, unwelcome Noreaster adventure on the way to West Palm Beach for the show. This year we decided it’s best to play safe, stay in Florida, exhibit in Sarasota, and avoid the unfortunate weather in the Northeast. If you live on the west coast of Florida, I hope you’ll take the time to visit the show. The dates are Friday to Sunday, February 11-13. I’m bringing the same top-notch objects I will be bringing to West Palm Beach the following week.

If you like my blog, please let your friends know by sending them a link. Then check out my new Tiffany, Daum, Gallé, Webb and R. Lalique acquisitions. I’ve recently listed many of them on my website, including Daum swans and rain — more each day, including a Tiffany Favrile millifiori vase. Here’s the link. chasenantiques.com

Knowledge is power, part VI

This story doesn’t end the way I planned it, but I trust you’ll find it interesting.

Daffodil table lamp, Hindman lot #346

Leslie Hindman Auctioneers, of Chicago, held their Marketplace auction on January 19-20, 2011. Included in their offerings was lot 346, described as An American Leaded Glass Daffodil Table Lamp, after Tiffany Studios, raised on a tree trunk standard. Height overall 18 1/2 inches, outer diameter of shade 13 7/8 inches. Estimate $800-1,200 , and that’s where my story begins.

As soon as I discovered lot 346, my curiosity was piqued. Here was a lamp that was described as “after Tiffany Studios”, which is auction-speak for “the lamp is not authentic”. To my eyes, the lamp appeared to be authentic, but late-period. Late in their production, Tiffany Studios stopped using their own glass that had been manufactured in-house. Rather, they purchased glass from outside suppliers, like the Kokomo Opalescent Glass Company of Kokomo, Indiana. This outside-purchased glass had a different “look” to it — “flatter”, less subtle and more garish. To the untrained eye, late Tiffany lamps look like reproductions. So here was the perfect opportunity to sneak up on an item and use my knowledge to gain the advantage. (Read my blog of July 24, 2009 for a good example. Here’s the link. July 24, 2009 blog)

I called the auction house and spoke to the expert in charge and asked Hindman to ship the lamp to me for inspection. I volunteered to pay for the shipping in both directions. Unfortunately, they were unable to comply with my request as this wasn’t their property, but the property of the consignor (in this case an estate). They sent many detailed photos, which only confirmed my suspicion that the lamp was authentic. The problem was that photos were insufficient to make a 100% decision about its authenticity — I had to see it in person. Unfortunately, the only way I could do that was to fly to Chicago.

So, on the Saturday before the auction, I flew to Chicago. The expert in charge, Mike Intahar, kindly agreed to meet me at the auction house to view the lamp. In person, there was no question — the lamp was authentic. I turned right around and flew back to New York. In and out in a few hours. Now armed with knowledge, I could bid with confidence. The lamp had a retail price of $25,000 – 30,000, but I wanted to be conservative, so I could resell it quickly for $20,000 or less.

The auction took place on Wednesday, January 19th. The problem was that I didn’t record it in my calendar, so I completely forgot about it. I was in the city with my wife, when I checked my phone. There were two messages from Hindman’s that I had missed their calls. My heart sank! Here I had spent the time and money to go to Chicago to inspect a lamp, only to forget about the auction!!! Argh! I called Hindman’s and much to my relief, I hadn’t missed the lamp. It was an unimportant lot, earlier in the sale, that I had missed. Whew!!! Dodged a bullet on that one. Now I was prepared to bid. They were going to call me back within the hour.

At around 2 PM EST, Hindman called me to bid on the lamp. The bidding started at $400, which was a very good sign. It meant that no one had left a bid. I let other bidders start the bidding before I jumped in. $1000, $1500, $2000, still good. I was prepared to bid $10,000, or more, so there was plenty of room. $8,000, $9,000, $10,000 — oops, not looking too good any more. $16,000, $17,000, ($20,740, including buyer’s premium), and the bidding ended. Oh well! Nothing ventured, nothing gained. I exchanged one day’s time and $500 in expenses for the possibility of a big payday. But it wasn’t meant to be. Two other bidders, one on the phone and one in the room, were also knowledgeable.

I have no regrets. If I have the opportunity again, I will do exactly the same thing. Throw enough #*&% against the wall and something will stick.

If you like my blog, please let your friends know by sending them a link. Then check out my new Tiffany, Daum, Gallé, Webb and R. Lalique acquisitions. I’ve recently listed many of them on my website, including Daum swans, rain, a Gallé monumental red vase — more each day, plus a killer red Tiffany Favrile vase and a millifiori vase. Here’s the link. chasenantiques.com

The 2010 year in review for Tiffany Studios

Tiffany Studios Magolia floor lamp

2010 was a very good year for better Tiffany Studios items, continuing a decades-long trend of new records nearly every year. The fireworks began at the Cottone sale of March 27th. A Tiffany Magnolia floor lamp that descended in the family of Merton Armstrong, sold for $661,250. In the same sale, a very good 20″ Dragonfly, on a great lily pad base, sold for $172,500.

Tiffany glass and pottery came up for sale at the Rago sale of April 24th. A rare 6″ tall pottery artichoke-form vase, sold for $19,520, approximately double the high estimate. In the same sale, a 9″ Favrile vase with elaborate gold hearts & vines decoration on a deep carmel background sold for $26,840, approximately four times the pre-sale estimate.

Tiffany Studios Dragonfly table lamp, Sotheby's New York, lot #4, June 16, 2010

Tiffany Studios Dragonfly table lamp, Sotheby's New York, lot #4, June 16, 2010

Those were just the warm-up acts for the 20th Century Decorative Arts sales in June. Sotheby’s was first, offering 22 important Tiffany Studios lots. Three of the lamps sold just above or below the half-million dollar mark, including a gorgeous 17″ Dragonfly on a matching mosaic base, which sold for $554,500.

Tiffany Studios Grape chandelier, Christie's lot #45, June 17, 2010

Tiffany Studios Grape chandelier, Christie's lot #45, June 17, 2010

Christie’s held their Decorative Arts sale the next day. A beautiful Tiffany Studios Grape chandelier sold for $398,500, more than double the low estimate of $150,000-200,000. Christie’s results were not as good as Sotheby’s, but that wasn’t a total surprise as Sotheby’s offerings were better.

Tiffany Favrile Lava loving cup, Leland Little lot #438, September 18, 2010

Leland Little held a sale on September 18th with some important estate-fresh Tiffany Favrile glass. They didn’t know how good their glass was, so they underestimated a loving cup to sell for $1,000-2,000. It soared to $62,100, including buyer’s premium — a price commensurate with its quality and rarity.

Tiffany Studios turtleback inkwell, Nadeau's lot #150

The string continued on October 30th when Nadeau’s sold a killer Tiffany Studios inkwell for $37,500, against a pre-sale estimate of $15,000-20,000.

Tiffany Studios Peony window, Christie's lot 252

Like a good fireworks show, the year ended with the finale — both Sotheby’s and Christie’s sold Tiffany items for approximately $1 million. Sotheby’s was first with the sale of a magnificent Peony window for $962,500. Christie’s followed the next day, with the sale of a Grape lamp for $1,202,500. These were only the headline results. Both sales were solid throughout with many very strong sales.

Rare Tiffany Studios Grape table lamp, Sotheby's lot #221

I rarely give investment advice but I did when a wealthy client asked me about ten years ago. I told him that the better Tiffany Studios items had performed best over the previous twenty years and I had no reason to doubt that they wouldn’t continue. I never found out if he followed my advice, but I hope he did. He surely would have done significantly better than the last decade in the stock market.

2011 is looking up. The antiques business saw a significant recovery from 2009 levels and appears to be continually getting better. The Miami Beach Antiques Show at the end of January is always a good barometer for the rest of the year. I’m cautiously optimistic.

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

The Tiffany Studios market is alive and well (Part II)

If you read Monday’s blog, you know that better Tiffany Studios items were very strong at Christie’s Important Tiffany auction on December 15, 2010. Sotheby’s followed the next day with their Important Tiffany auction, also with impressive results. With only 33 lots for sale, the auction grossed $5,583,375.

Rare Tiffany Studios Grape table lamp, Sotheby's lot #221

The top lot of the sale was the cover lot, #221, a rare Grape table lamp, in the shape of a Wisteria. Estimated to sell for $400,000—600,000, it realized $1,202,500, including buyer’s premium, doubling the estimate — an understandable result for a beautiful and rare Tiffany Studios lamp. So how do you explain the following result?

Tiffany Studios Daffodil table lamp, Sotheby's lot #232

Lot #232 was a Tiffany 20″ Daffodil table lamp — a nice example, but certainly not remarkable. On a good day, it might have sold for $100,000. On this day, it sold for the extraordinary price of $512,500, against an estimate of $50,000-70,000 — 10 times the estimate. The consignor must have been giddy. And why not? It’s the equivalent of winning the lottery. The only sensible explanation is that two bidders who have more cents than sense (my mother would have liked that one, too), were bidding against each other. Pride and competitiveness won out over logic. All one of them had to do was to go into a shop on Madison Ave. and buy a similar lamp for a fraction of the price.

Another six Tiffany Studios lamps sold for over $250,000, for a total of eight. They included a Laburnum ($842,500), a rare Landscape floor lamp ($842,500), and a Peacock table lamp ($410,500).

Tiffany Favrile wheel-carved vase, Sotheby's lot #203

Only a few lots of high quality Tiffany Favrile glass were offered, all selling well. A beautiful wheel-carved vase, lot#203, sold for $50,000, against a pre-sale estimate of $8,000—12,000.

For the complete results of the sale, use the following link: Sotheby’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

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