Solid results at Christie’s sale of Lalique, South Kensington, London, May 26, 2010

Christie’s held an all Lalique sale at it’s South Kensington location in London on May 26, 2010. The results were solid, with a few exceptional ones. Interest in Lalique seems to be good worldwide, but always a little better in London.

R. Lalique vase 'Perruches', Christie's South Kensington lot 179, May 26, 2010

R. Lalique vase 'Perruches', Christie's South Kensington lot 179, May 26, 2010

The top lots of the sale were three examples of the same vase, Perruches, in three different colors. The blue and the amber examples each sold for £32,450 ($46,598), against identical pre-sale estimates of £15,000 – £20,000, over double the low estimates. The green example brought slightly less at £30,000 ($43,080).

R. Lalique bowl 'Madagascar', Christie's South Kensington, lot 197, May 26, 2010

R. Lalique bowl 'Madagascar', Christie's South Kensington, lot 197, May 26, 2010

Rarer items achieved better results, as would be expected. Lot 197 was a bowl with monkeys, entitled Madagascar. It carried a pre-sale estimate of £5,500 – £6,500 and sold for £13,750 ($19,745), more than twice the low estimate. A rare vase with veiled nudes, entitled Camées, sold for £10,000 ($14,360), against a pre-sale estimate of £7,000 – £9,000.

For the complete results of the sale, click on the following link. Christie’s Lalique results.

Today I’ll be adding to my website several new Galle vases that I’ve recently acquired. Please take a look. Click on this link chasenantiques.com.

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

Why buy Maxfield Parrish prints when you can buy the originals?

Maxfield Parrish 'Daybreak', Christie's lot 24, May 20, 2010

Maxfield Parrish 'Daybreak', Christie's lot 24, May 20, 2010

Have you been wasting your time buying Maxfield Parrish prints, when you could have been buying the originals? Christie’s New York held their Important American Paintings sale on Thursday, May 20, 2010, with 11 originals by Maxfield Parrish.

If you had a spare $5.2 million, you could have bought the original, penultimate Maxfield Parrish painting “Daybreak”. Mel Gibson and his wife, Robyn, bought it at Christie’s in 2006 for $7.6 million. Now that they’re divorcing, the new buyer got a bargain. The pre-sale estimate was $4-7 million.

In 1922, Daybreak was the first painting commissioned by The House of Art, specifically to be reproduced as a print. It was an instant success. Parrish became so famous in the 1920s that it’s estimated that 1 in 4 households in the United States had a Parrish print on display in their homes. He became the highest paid artist in the country.

Maxfield Parrish 'Sing a Song of Sixpence', Christie's lot 28, May 20, 2010

Maxfield Parrish 'Sing a Song of Sixpence', Christie's lot 28, May 20, 2010

The second highest Parrish painting of Christie’s sale was lot 27, “Sing a Song of Sixpence”. The huge painting, over 13′ wide, was originally commissioned as a mural for the Sherman House Hotel in Chicago, Illinois. It sold for $2,210,500, below the pre-sale estimate of $2.5-3.5 million.

Maxfield Parrish 'End Papers for The Arabian Nights', Christie's lot 106, May 20, 2010

Maxfield Parrish 'End Papers for The Arabian Nights', Christie's lot 106, May 20, 2010

You didn’t have to be a millionaire to buy an original Parrish at this auction. Lot 106 was the end papers for “The Arabian Nights”. Done in ink, gouache and pencil on paper, and measuring 10″ x 14¼”, they sold for $6,250, against an estimate of $6-8,000.

For the complete results to the Christie’s Important American Paintings sale, click on this link. Christie’s results.

In the next few days and weeks, I’ll be adding my new acquisitions to my website as they come in. Please take a look. Click on this link chasenantiques.com.

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

Generally poor results at Heritage’s first New York 20th Century Decorative Arts auction, December 10, 2009

Heritage Auctions, the major Dallas, TX auction house, held their first auction of 20th Century Decorative Arts in New York on December 10, 2009. Results were generally poor in the lamp and glass sections of the auction, with many lots not reaching reserve. Heritage had hoped to break into the New York market and become a major player along with Christie’s, Sotheby’s and Bonham’s. It’s difficult to ascertain the exact reasons for the poor showing, but a few things are clear. First, they did not have a compelling group of items to sell. A fresh collection of important items at low estimates and reserves would have been a good way to kick start their New York presence. Unfortunately that was not the case. Secondly, they do not have a permanent exhibition space. They rented space from Tepper Galleries on the third floor of a building on East 25th St. — not an easy location to find. Third, they tried to enter the New York market in a difficult period in the economy. Heritage is a major auction firm primarily selling coins. They branched out into several antiques markets, some with excellent success, such as American Illustration Art. Perhaps they can crack the New York market, but they will have to upgrade their offerings and lower the estimates and reserves — a difficult task.

Tiffany Studios bamboo floor lamp, Heritage lot #74057

Tiffany Studios bamboo floor lamp, Heritage lot #74057

Tiffany lamps sold poorly, mostly because of too aggressive estimates and reserves. One of the major lamps of the sale was a Tiffany Studios Bamboo floor lamp. It was estimated at $200-300,000 and did not sell.

Tiffany Studios 22 inch Dragonfly table lamp, Heritage lot #74064

Tiffany Studios 22 inch Dragonfly table lamp, Heritage lot #74064

Another major lamp that did not sell was a Tiffany Studios 22″ Dragonfly table lamp on a rare reticulated base. It was available for sale after the auction for $179,250.

Daum Nancy wheat vase, Heritage lot #75144

Daum Nancy wheat vase, Heritage lot #75144

French cameo glass also did not fare well. Many of the vases did not sell but a few did. Lot 75144 was a Daum acid-etched and enameled vase with wheat decoration. It carried a pre-sale estimate of $8-12,000 and sold for $9,560, including buyer’s premium.

I’m taking a lot of time to add new items to my website. I’ve already listed new items under Gallé glass (including a blownout vase), Daum Nancy glass and Tiffany Studios glass. Soon I’ll be adding many Tiffany Studios desk pieces. Many are priced right for great holiday gift-giving. Who wouldn’t like to receive a genuine Tiffany desk set accessory as a Christmas or Chanukah gift? I’ll soon be starting a big sale on Icart etchings. Please take a look, as every day I’m adding more. Click on this link chasenantiques.com.

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

Call or write and let me know what you would like to buy, sell, or trade. philchasen@gmail.com or 516-922-2090. And please visit my website. chasenantiques.com

Tiffany Studios lamps soar at Christie’s New York 20th Century Decorative Arts auction

To say the least, the results of the December 8, 2009 Christie’s Magnificent Tiffany auction were interesting. There was real strength in the high end of the market and apathy in the low end. The best examples brought extraordinary prices, while the lower end results were tepid.

Tiffany Studios Elaborate Peony table lamp, Christie's lot #11, December 8, 2009

Tiffany Studios Elaborate Peony table lamp, Christie's lot #11, December 8, 2009

The high-water mark of the auction was achieved with the sale of lot 11, a Tiffany Studios Elaborate Peony table lamp. It was estimated to sell between $600,000 and $900,000, and soared to $1,538,500, including buyer’s premium. That should make the purchaser of the Tiffany Studios Elaborate Peony lamp from the Skinner’s auction of the Richard Wright collection ecstatic. That one sold for $435,000 just a few weeks ago, and it was no slouch.

Tiffany Studios Trumpet Creeper table lamp, Christie's lot #35, December 8, 2009

Tiffany Studios Trumpet Creeper table lamp, Christie's lot #35, December 8, 2009

Strong prices continued with the sale of a Tiffany Studios Trumpet Creeper table lamp. It is the same size, shape and basic design as the Wisteria lamp, but with the rarer Trumpet Creeper decoration. It exceeded the high estimate of $500,000 reaching $794,500, including buyer’s premium.

Tiffany Studios Dragonfly table lamp, Christie's lot #17, December 8, 2009

Tiffany Studios Dragonfly table lamp, Christie's lot #17, December 8, 2009

Dragonflies are always crowd-pleasers and lot #17 filled the bill. It was a beautiful example with a rare matching mosaic-tile base. It sold for $602,500, including buyer’s premium, equaling the high estimate.

Other outstanding results were achieved with a Tiffany Studios Bamboo floor lamp, $506,500, a Peony chandelier, $314,500, a drop-head Dragonfly lamp, $314,500 and a turtleback tile chandelier, $266,500. For complete results, click on this link. Christie’s Magnificent Tiffany results.

I’m taking a lot of time to add new items to my website. I’ve already listed new items under Gallé glass (including a blownout vase), Daum Nancy glass and Tiffany Studios glass. Soon I’ll be adding many Tiffany Studios desk pieces. Many are priced right for great holiday gift-giving. Who wouldn’t like to receive a genuine Tiffany desk set accessory as a Christmas or Chanukah gift? I’ll soon be starting a big sale on Icart etchings. Please take a look, as every day I’m adding more. Click on this link chasenantiques.com.

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

Call or write and let me know what you would like to buy, sell, or trade. philchasen@gmail.com or 516-922-2090. And please visit my website. chasenantiques.com

No more room to collect? Christie’s has the solution.

62 Imlay Street in the Red Hook section of Brooklyn

62 Imlay Street in the Red Hook section of Brooklyn

I’ve often met collectors who told me they no longer have any room for new purchases. Well if you’re from the greater New York area, you no longer have an excuse. Christie’s New York has signed a lease on a huge 235,000 sq. ft. warehouse and you can rent space there. It will be in the up-and-coming Red Hook section of Brooklyn, which already boasts major IKEA and Fairway Market stores.

The building is a mess at the moment, but after Christie’s gets finished with it, it will be a state-of-the-art, high security, climate-controlled, storage facility. It will be equipped with infrared video cameras, biometric readers, and detectors for motion, smoke, heat and water. Nice, since it’s likely that the value of the art stored there will exceed the value of the building.

Christie’s already has offered this service in London for many years. Now New York has been added, with additional plans for the same service in Singapore.

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

Call or write and let me know what you would like to buy, sell, or trade. philchasen@gmail.com or 516-922-2090. And please visit my website. chasenantiques.com

Knowledge is power, part V

Bob Ogorek

Bob Ogorek

Bob Ogorek of Plantation Galleries in Davison, Michigan, was a friend of mine. Bob died in 1999 and I miss him. He called me in early 1999 to tell me about a Tiffany chandelier that he had learned about in upstate New York. Since I was a lot closer than him, he asked if I could go look at it. I took a drive with my wife and met the couple selling the fixture in an upstate town. A blownout fixture of this type could easily damage, so I asked the owners to check the glass carefully in the sunlight to make sure it wasn’t cracked. They assured me that the condition was fine. I was concerned the whole time driving up because I figured the day would be wasted if the seller’s were wrong.

An original Tiffany Studios photograph from Tiffany at Auction, showing an almost identical fixture but without a long rod

An original Tiffany Studios photograph from the bookTiffany at Auction, showing an almost identical fixture but without a long rod

We met in the parking lot of a supermarket to inspect the lamp. I held it up to the sunlight and inspected it with a fine-tooth comb. Everything was in order and I was delighted. I had never seen a chandelier like this in person, only in books. It was beautiful and very unusual, with a hinged turtleback tile door on the bottom to change the light bulb. I bought it for approximately $20,000. My arrangement with Bob was that we would buy it together and own it 50/50. It was a very difficult item to pack because the bronze rod to the ceiling could not be detached from the glass and it was 32½” long, overall. The sellers packed the blownout glass end carefully in a box and let the bronze rod stick straight up from the box, which was no problem as they had a van. I only had a station wagon, so I carefully put the chandelier on its side and drove home.

I called Peggy Gilges of Christie’s New York to consign the lamp for auction and met her on a sunny day at their warehouse in Long Island City. I removed the fixture from my station wagon and showed it to Peggy. She was very impressed and was oohing and ahing (is that how you spell ahing?). I held it up to the sunlight to show her the beautiful color when lit and suddenly saw a crack in the glass! I was horrified! How could that happen? I was so careful with handling and transporting it. I immediately took it back and went home crushed. $20,000 down the drain. How was I going to tell Bob?

I called him when I got back to explain that it had probably cracked from the pressure of the rod on the glass when it was riding on its side. Needless to say, he was more than a little disappointed. He asked me if I had insurance. “Yes”, I said. “Can’t you make a claim?” I didn’t know if I could, so I called my agent and asked him. He thought that I was probably covered under the accidental damage section of my policy. So I filed a claim and my insurance company agreed that yes, this was a legitimate claim. “How much are you claiming?” “$60,000.” “But why, you only paid $20,000?” “Because what I paid is irrelevant. I’m the expert and I say it’s worth $60,000.” The claims adjuster at my insurance company didn’t want to hear that, so he hired independent appraisers who said it wasn’t worth $60,000, but more like $25-30,000. So I was at an impasse with my insurance company when my broker intervened. He asked me if I would accept my cost back, with no deductible, and the damaged fixture. Sounded fair to me, so he talked to the adjuster, who also agreed. They paid me back my $20,000 cost and allowed me to keep the fixture. I was now the co-owner of a damaged fixture, but with a new cost of zero.

I then turned to Sotheby’s in New York City. I brought the fixture to them and met with Barbara Deisroth and Greg Kuharik in their offices. I showed them the fixture and they oohed and ahed (that can’t be how you spell ahed, maybe aahed?). “But Barbara, there’s a big crack here.” “Well, Phil, it doesn’t look too bad to me and it’s mostly hidden by the bronze cage. I think my clients will still want to buy it.” So I consigned the fixture to them for their 20th Century Decorative Works of Art sale to be held on June 10, 1999, with an estimate of $20-30,000.

Sotheby's New York, lot 370, June 10, 1999

Sotheby's New York, lot 370, June 10, 1999

The Sotheby's catalog description for lot 370, with my hand-written final price

The Sotheby's catalog description for lot 370, with my hand-written final price

The auction day was fast approaching and I couldn’t wait. My reserve price was $20,000, which meant that if the bidding stopped before $20,000, Sotheby’s would return the item to me as unsold. The bidding started slowly, $12,000, $14,000, $16,000, $18,000, $20,000. Whew! Now at least it was sold. But the bidding kept going — $22,000, $24,000, $26,000, all the way to $50,000, which is $57,500, with the buyer’s premium included. How exciting! This was as good as going to the racetrack and seeing your horse win. Not only did I do well at the auction but I was totally vindicated! I had told my insurance company that the fixture was worth $60,000 in perfect condition and here it had just sold for $57,500 in damaged condition. Since our cost was zero, Bob and I split approximately $45,000 after paying Sotheby’s fees. I was one happy camper!

Knowledge is power. Sir Francis Bacon, Religious Meditations, Of Heresies, 1597.

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

Call or write and let me know what you would like to buy, sell, or trade. philchasen@gmail or 516-922-2090. And please visit my website. chasenantiques.com