(ST. LEONARD, Md.) – A huge single-owner lifetime collection of Elvis Presley items promises to be the centerpiece offering in a Memorial Day antiques and collectibles auction slated for Monday, May 27, at Chesapeake Auction House, in the firm’s...
A Chinese Ming Vase is up for auction. The bidding opens at a half-million Euro. Bidding is brisk and each bidder is clearly identified as each raises the bid by 100,000 Euro. (The exchange rate at auction time was 1 Euro = $1.43.) Within seconds, the bidding stalls at one million Euros, and the gasp from the crowd identifies the excitement that prevails in the room. The successful bidder is the last one who bid one million, and the auctioneer counts down the bid, "Going once, going twice, and sold to the gentleman sitting in front of me for one million Euros." Now, you are going to have to see the video for yourself. The auctioneer is exuberant. The pace is fast. This is how an auction should be run. Note the excitement on the auctioneer's face after the final bid.
Latest figures show that most provincial auction houses have done rather well during 2011. Why?
People like to collect things, and antiques are a favourite collectable. It's nice to own a piece of history that you can use; something you can sit on, serve dinner on, store items inside of, or look at in appreciation.
The value of an antique is realised by the collector who owns it as well as the collector who wishes to own it and that is evidenced by the sterling performance of antique auction houses during 2011, when low interest rates, record gold and silver prices and collectors looking to liquidate assets produced record sales results.
For instance; the highest price paid in the UK in 2011 was the 1.75m pound bid for an Imperial Qing dynasty white jade teapot and cover at Woolley & Wallis.
In the USA in December 2011, the unique Brasher Doubloon, known as the 1st American Dollar Gold Coin, was sold by Steven L. Contursi. It was bought by Blanchard and Company of New Orleans for around 3 million dollars, who then sold it to a Wall Street investment firm for nearly 7.4 million dollars.
For most antique buyers and sellers these are numbers we can only dream of; but It will always stand you in good stead if you take the time to understand how to buy and sell your more modest collectibles and antiques at auction.
A custom-built VOX prototype guitar that was played by both John Lennon and George Harrison during the the Beatles’ ‘Magical Mystery Tour’ era was sold for $408,000 at auction.
The auction was held over the weekend at the Hard Rock Cafe in Manhattan, and organized by Julien’s Auctions of Beverly Hills. An anonymous buyer claimed the instrument, which was specially constructed for Lennon in 1966.
Faberge expert Geza Von Habsburg predicted that the Russian antique market had reached its summit in 2009. Yet in 2012, more record-breaking sales took place, and a $20.2 million turnover was made during the Russian Art Week in London that year.
These spring months promise to be another interesting season for the Russian antique market.
In 1957, with $10,000 and a dream to get into the business, Earlean launched Bowen’s Antiques, initially as a home-based venture. Parlaying her love of Empire pieces, old Southern furniture, primitives, Americana, china, crystal and jewelry into a bulging inventory, Ms. Bowen had, by age 85, amassed an inventory worth about $1 million. And she was just hitting her stride.
“At an age when most people are well into retirement and taking life easy, Ms. Bowen was out there, charging around the country, buying new pieces and making new contacts,” Dwight Stevens said. “At age 90 she had a six-man crew and several trucks. She was just this unbelievable powerhouse of energy. People in many states knew her as ‘the Antiques Lady.’”
The 161-year-old hidden gem was discovered among a trove of Beatrix Potter ephemera which is due to go on sale at Mullock's showroom in Ludlow, Shropshire, on Thursday. Enthusiasts are set to flock to the auction where the collection is expected to sell for several hundred pounds. The recipe book includes hand-written entries believed to originate from Beatrix Potter herself.
"This Friday, Stack’s Bowers Galleries will be selling a rare gold coin that invites a strong Stanley Kowalski imitation to say its name. The “Stella” was a ‘pattern coin’, a sample design minted in its intended form for the purpose of evaluating its monetary usage."
An eight-foot tall, 24-foot long, 75% completem museum quality Tyrannosaurus bataar (the slightly smaller Asian counterpart to the legendary North American T-Rex) will be the centerpiece of Heritage Auctions May 20 Natural History Signature auction.
AFPSaudi man splurges $136000 on vintage bubbly in DubaiAFPDUBAI — A Saudi millionaire splurged $136000 on a bottle of champagne at Dubai's glitzy Cavalli club over the weekend, a UAE newspaper reported on Tuesday.
A wig worn by Elizabeth Taylor in the titular role of 1963′s Cleopatra will be up for auction March 30 as part of Heritage Auction’s Entertainment & Music Memorabilia Signature Auction in Dallas, Texas.
The Asian market is on the up-rise and so is Freeman's of Philadelphia. On the heels of Freeman's third consecutive Asian art auction achieve a multi-million dollar lot, a Chinese Ming Dynasty gilt bronze and cloisonné covered jar sold March 17, 2012, for $1.54 million. The massive jar (21 ½ inches in height and 16 ½ in diameter) was subject to heated competition among more than a dozen bidders from the room, phones and internet before selling to a Chinese bidder in the room.