I generally don't post furniture sales here as most pieces simply aren't exceptional. This set retailed around $12,000 in 1994 and ONLY because of the name brand AND condition was I able to get such a wonderful second hand price and it took MONTHS of waiting to get it. MOST old brown furniture simply doesn't hold value.
Having some basic knowledge as to what things are collectible coupled with Internet research can yield some great results. Knowing that old chess sets can be desirable, plus recognizing this heavily stylized pattern, and comping it based on the name brand told us that it was valuable. So instead of throwing it up for an eBay auction, we sat and waited for the right buyer to come along who recognized the value and paid a fair price.
It is such a pleasure to handle premium collections of things we just don't find on a typical house call. When it comes to selling off a collection of any given type of item, in order to get that 'top dollar' price, you have to sell one item to one buyer at a time and that's where we come in and do just that. I could not find a single comp value on this piece but I knew it was special and would go to a good home for a great price.
We've talked before about how fickle the market is on Chinese antiques and now that China is such a wealthy country, their citizens are trying to reclaim 'lost treasures' pawned off by their ancestors. One piece could be worth nothing while another similar piece might be worth a fortune but without some kind of documentation from an authority on the subject, pieces like this could be anyone's guess on value.
We've mentioned that Native American related items are still somewhat in demand, but even that category has declined in value over the past ten years. There are so many newer made pieces on the market that it can be hard to tell the difference from true artifacts and only things with some type of documentation or provenance will bring big prices these days.
Jewelry is the most heavily marked up luxury item in existence. Name brands aside, the resale value is often tied closely to the scrap price of the metal. Only extraordinary pieces like this will bring more but when you consider the cost of eBay fees, we only got about $50 more than the gold would have melted down for. We of course hate to see nice things destroyed and finding something a good home always makes it worth the effort.
Just sharing another cool vintage lamp that sold for a great price. Sometimes when we know we have something good, it's worth sitting and waiting to try to get as much as we can. Unfortunately we only have enough space to sit on so many things so sometimes this strategy isn't possible.