Tuesday, February 23, 2010

Something to Smile About: Antiques Market Improving

Many experts and dealers consider the Winter Antiques Show in NYC to be a barometer of things to come for the rest of the year. The New York Times reports that the results are very positive. The show saw over 22,000 attendees, up over 20% from the 2009 show. Sales, according to dealers in the story were very positive on both the high end and the middle market from the early moments until the very end. The article states that prices were about 25% lower from a year ago. Perhaps the bottom has been hit for the antique trade and decorative arts. Recent fine art sales results have been strong as well.
The slow sales of last year, however, have made dealers’ inventories particularly interesting and full now. And collectors’ reluctance to sell in a weak market has made great pieces scarce, but strong performers when they appear. (There is the relative reassurance of a venerable-looking object as an investment haven, in contrast to a technology stock or bond.) The antiques market’s eagerness to survive has made prices for much midtier material very attractive. Dealers said prices were generally at least 20 to 30 percent lower than two years ago. And, as Alan Granby, of Hyland Granby in Hyannis Port, Mass., maritime art and antiques specialists exhibiting at the armory, said, “Midrange things can still be the best in their field.” Categories that are victims of changes in taste are especially well priced, even for outstanding pieces. The enthusiasm for modern design among younger buyers and the graying of the market for older and formal genres have produced unexpected opportunities in traditional pieces, which typically are too expensive for first-time collectors. “Collectors are going after A-level material,” John Smiroldo, founder and publisher of Antiques and Fine Art, a bimonthly magazine based in Watertown, Mass., said of the auction and show scenes. “But you can get A-minuses for pennies of what it will be trading for in four or five years. As far as I’m concerned, American furniture is free right now — for killer stuff. And high-style English furniture is down, down, down.”

Monday, February 22, 2010

DNA proves...Elvis is Alive!?

"It all began in the early days of the Probate Lawyer Blog, when I came across a Memphis newspaper story about a woman claiming that she was the secret half-sister of Elvis and that she had the DNA to prove it. How did she get the DNA? From Elvis, because he was alive. She had sued to re-open the Estate of Vernon Presley (Elvis' father) to prove that Vernon was her father..."
To Be Continued...... The Probate Lawyer Blog

Saturday, February 20, 2010

Corporate Museum Donation is Unusual in these Times!

Read all about it!
Corporate donations to non-profits is something we haven't seen in awhile. Timely, considering the awareness of our northwest natives within the context of the Olympics. I heard them called "aboriginals." That's news, too.

Wednesday, February 17, 2010

My next library trip....

Have you read Jane Cleland's Josie Prescott Antiques Mysteries? Josie's an antiques appraiser who uses her knowledge of antiques to solve crimes. Often called an Antiques Roadshow for mystery fans, the Josie Prescott Antiques Mysteries are traditional mysteries set on the rugged New Hampshire coast.

Sunday, February 14, 2010

Thinking about Stuff....

My friend, Nancy Doyne, wrote an interesting article about a man who thought about what would happen to his collections in the future. The legacy he left was more about how he cared for his family than about the things themselves. Oh, if only..... all our clients were like Mr. Josephson.