I’m asking readers to take few moments and think before they respond to the question this week, just a few deeps breaths and then respond.
 
It’s too easy to say, if you’re a collector of glassware, that glassware is then the most reliable. Or whatever segment you happen to participate in.
 
I also want to shy away from making generalizations about the business. “If you buy what you love, then it never loses value.”
 
This may be true, and I readily acknowledge that you shouldn’t start buying solely as an investment, but we all know it’s happening.
 
For my part, I’ve always seen good jewelry and good folk art sell, no matter what, a make good on a return. Whether I like these forms or not is irrelevant.
 
So when you stop and think about it, looking at all the things you come across at shows, shops and auctions – or rummage sales and flea markets, I don’t care – what do you see that, in your experience, reliably sells and holds or increases its value?
 
Let me know at noah.fleisher@fwpubs.com, or post a comment here.

It seems now that Islamic art is absolutely everywhere, and the amount of money that it's fetching - congruent with the amount of ire it's raising in some instances - is pretty amazing.

I've already written about it a few times this week and last week.

It started the attempted sale of some armor once, possibly, belonging to a revered Sikh Guru. Then a 12th century key to the holiest pilgrimage site in Mecca, and now, just yesterday, a dagger once belonging to Shah Jahan - arguably the greatest of India's Golden Age Mugal emporers - the man who built the Taj Mahal, and raised Islamic art and architecture to amazing levels in his reign, sold at Bonham's in London for nearly $3,000,000.



You have to admit, looking at it, that it's a thing of extraordinary beauty, made even more important by its provenance of having belonged to Shah Jahan, a man from whom very few personal relics survive. $3M seems like alot to spend, but as I wrote about the Hajj key yesterday, reclaiming cultural history is an expensive game, and them that have the bucks don't necessarily think of it as a numbers game. Face it, if you have all the bills in the Monopoly game, there's nothing on the board that's out of range.

Again, it went to an anonymous bidder who didn't wish to be identified. Who knows who it is, but most likely it was someone who was unhappy almsot 20 years ago when the Shah of Iran sold it to Jacques Desenfans, along with a lot of other things in the sale, on a visit in 1969, when the Shah's empire was just starting to wobble. That bit of its history has been more downplayed in the hubbub over its sale, but it's all part of the history of such a remarkable piece.

I'm not sure if the dagger is considered a holy relic, so I have no feeling on it being sold. If it is considered such, along with much of the other Islamic "art" that's been coming on the block, then I do have to take issue. Pieces of spiritual significance, whatever the faith, shouldn't be made available for a price. I have to think, though, the Shah Jahan dagger isn't considered spiritually important for Muslims, because there was no outcry, such as the one over the Sikh armor.



Shah Jahan's buildings and his name dot India, most notably the Taj, which he built as a masoleum for his wife, Mumtaz, when she died. I've seen the Taj Mahal, and it's an amazing site, especially if you can get there very early in the morning before the touts, the cars, the tourists and the choking, nasty smog from the copious cars the swarm Agra all day. There are few buildings in the world that can match it, or its creativity.

Wrote about this a few weeks ago. A dealer in NYC sold a box of pics he found in a box lot for $3500. Turns out there was a trove of unknown Diane Arbus photos in there - very interesting ones, to be sure - and they're worth hundreds of thousands of dollars.



The dealer who sold them is suing the dealer he says duped him out of the find of his life. The sale was supposed to have happened yesterday, I think. Turns out it was abruptly canceled. Both the New York Times and our friend Kristi Roberts at Here Be Old Things have been covering this pretty well, so I'll leave it to them. Kristi was going to the sale, and even went by the showroom to get a sneak peak.

I know that a lot of times it's buy and sell at your own risk in this business, and that they seller should have known that he was giving away a fortune at such a small price - the first clue should have been when the buyer who bought the box said, "there's nothing in there worth much at all, but I'll give you $3500 right now for the whole thing, no questions asked. 'kay?"

Money is money, I suppose, and there are no rules that say you have to play fair. Or are there? The speculation is that the original seller may just hve succeeded in his lawsuit. We'll see later.

It's a bit strange to call religious artifacts "art," but the things are beautiful.

A sale of Islamic art at Sotheby's sold roughly $20M in 282 lots, smashing the previous records for a similar sale. It's a good bet that most of the lots, including a very expensive and revered 12th Century key to Mecca's most holy pilgrimage site, are going to the area of their origin. There's so much wealth focused in the Middle East these days, I'm actually surprised that those items on the block didn't go for much much more.

This, though, hearkens to the same discussion I've been having - with myself, that it - over countries reclaiming cultural heritage. I don't know that the pieces of Islamic art that Sotheby's sold didn't come from a seller in the region already, but it also wouldn't surprise me if they were Colonial spoils from centuries and exploits past.

Rob Pegoraro, a blogger at The Washington Post, gives the eBay issue a look from both sides of the issue and concludes that eBay is a Monolith Marketplace, and that it's 80M+ users think of it as a community. It's a nice little examination of the debate that the eBay antiques... uh... sector has been having for a few months now.



This conclusion has resulted in the weird disconnect from reality that has emanated from eBay HQ high on its magic mountaintop in the mist, where it's suspected that a few remaining regular human beings actually may say hello now and then as they pass in the hall on the way to bathroom in the basement.

It's also now thought that the great ancient demon Cthulhu might be the real replacement for Meg Whitman. That's just what I hear, though...

We just got this out the door and off to the press. Here's a sneak peak at 4-23, and a look at our changed cover. Enjoy!

This is from the L.A. Times. It's all about the amount of antiquities still missing after being looted when Baghdad fell. That was five years ago today, btw.

At first it was thought the damage done by theft was much much greater, and anyone who loves art and history looked on in horror as numbers like 150,000 were bandied about when those reports mentioned numbers of missing artifacts.

They were talking about the beginings of human civilization - ancient, ancient stuff - that carried with it priceless provenance and importance. Many of those pieces, it turns out, had long ago been hidden by smart curators, well out of harm's way, and that initial massive number dwindled to 15,000.

Of those 15,000 known artifacts, 7500 have been recovered. That still leaves half, and an amazing amount of history still floating around black markets or destroyed and trashed.

The good thing is that these pieces are rare enough that, when one surfaces at auction or on the market, it is usually quickly recognized and taken back to its proper home. This is further heightened in an age when national museums around the world are demanding back priceless antiquities that were looted in past ages of imperialism. Greece is doing it, so are Italy, India and China, among many. This seems to have hit western museums hard. The culture flowing out of Iraq, home to the fertile crescent where it's thought so much life firt streamed out of, is older by millenium than most other countries. It bears direct links to stories in the Old Testament. Of anywhere that deserves its history back, then surely it's there.

I believe this originated with the Chicago Tribune, and seems to be an editorial, but it came to me via The Valdosta State Spectator in GA, certainly one of the more obscure sources I've dug around on. I worked on my college paper and, let's face it, a lot of them are pretty bad.

It is, actually, an argument you can dig up most anywhere. I just couldn't resist a link with something from Valdosta State.

This, however, I happen to agree with. When it costs more than a penny is worth to make one, then it ain't worth it, plus the good, collectible ones that are out there will become that much more valuable, which is good for the business of coins.

Numismatics and antiques unite! Down with the penny!

This has been very interesting to watch - somewhat obscure, perhaps, bubt a lot of fun.

Sotheby's claimed some armor being sold belonged to a very important Sikh guru. Sikhs got angry, and Sotheby's claims that the armor is not actually the Guru's, but one of several sets he had made, as he was involved in many wars and military campaigns.

The post linked to above is from a post to WorthPoint.com out of India.

The whole thing is interesting, as I have always associated Sikhism with dervishes and mysticism, a la the sublime poetry of Rumi ("Dissolver of sugar, dissolve me."), not necessarily with warring kings. I'd love to see the armor, but no pics have been released. Check it out if this sort of thing interests you, which it does me, which I bet you've already figured out.

This is a link to an interview with the winner of The Pritzker Prize for Architecture, Jean Nouvel.



The prize is the top award given to modern architects, and is normally the crowning achievement of a glorious career, rather than something that plucks an obscure designer from the mist of anonymity.

Nouvel is an interesting guy, and who am I to say who should and should notbe given what they're given. I have to say that, as interesting as his ideas are, and sound, man-oh-man is this a pretentious interview. I was waiting for the interviewer to ask if he could give him a kiss, or put a polish on that done... (As you can see by my pick above, I need a polist too, now and then...)

Anyway... Check it out. The pic here, though you can't see it too well, is Nouvel's proposed design for the Abu Dhabi Louvre Museum.

And to think that I was willing to take a triceratops over this, if given the choice...



I love Honest Abe, but I stand by my decision. Besides, I just spent that last $3.4M on a new yacht. I'm a bit tapped at the moment.

This is the Yahoo story, just breaking. Pretty cool, I have to say.

Just gone to the press - yesterday, that is... Here's what you can expect for the 4-16 issue...

A giant of Modern Architecture has died. Ralph Rapson designed a lot of important structures, including the Greenbelt House and the Guthrie Theater in Minnesota. A true icon of the form.

 
Tom Wallace / Star Tribune

Rest in peace. And thanks for the buildings.
 

Seems a rare early Picasso - a saucy one of the artist and his then lover in a clinch on the bed - was found in Scotland, propped against a wall, alongside two other valuable works of art. They are all going to be on the block on April 10 at a house called Duke's.



I don't know about you, but I only hand fresh, hand-cut roses over the Picasso paintings I have propped against the wall in my two year-old daughter's room, right next to her crayons and scissors.

"Go ahead, honey, it's only a Picasso."

This is possibly from a royal family of some country, and the seller is part of that family. Don't you have to pass a decency test of some kind to be called royalty? I mean, they all know how to drink with their pinkies up, and spend money like drunken sailors... But this is a Picasso, and one from his early 20s, before he became Picasso with a capital "P."

Royal families of the world: teach your children to pick up their art when they are done playing.

Interesting, but probably not as rare as we'd like to think.

This St. Louis dealer in supposedly antique wood is going to be paying a hefty fine and maybe seeing the inside of Club Fed for a while. It just goes to show that you have to be wary of who you buy from, and alays do you research, even if your next antique is going to be your floor.

This story comes via the St. Louis Business Journal.

Really, aren't we all suckers for monkeys?



This massive and very cool King King poster recently brought $345,000 at a Profiles in History auction, and it's a real beauty. At 81-inches x 81-inches, it's also about the size of the big simian himself.

I love the detail on this poster, and Kong just looks like he's about ready to rip everyone a new smile. What I don't like is that they have Fay Wray running in terror with Robert Armstrong and Bruce Cabot. We all know that Kong and Fay shared an unforbidden love that the world wasn't ready for back then. the studio could have, at least, put a hint of empathy in her eyes as she watched Kong destroy Manhattan. I still say the humans deserved it...

The new owner of the poster isn't mentioned, but I'd be willing to bet it's a heavy hitter, if not Steve Geppi himself, who has the greatest collection of rare movie posters in the world at his museum in Camden Yards in downtown Baltimore, MD.

Seems a Masonic Lodge in Lee County Florida was broken into and lots and lots of antique stuff taken, to the tune of $50,000.



This story, from the NBC affiliate down there, doesn't list what was taken, or show pictures, which is strange, even mysterious... Just like the Masons themselves. I think I smell another Masonic conspiracy. We all know, after all, that they are really running the country, and the world... I saw those National Treasure movies with Nicholas Cage and his bad wig...



Anyway. If you're in the area buying antiques, and one of your things is collecting Masonic-themed items, then know you might be a few bucks away from becoming part of the conspiracy, unwittingly drawn into the throws of global intrigue.

All kidding aside, be on the lookout in the South...

Howdy folks. We made it through Day One of the March 2008 Atlantique City Antiques Show and, if I may speak for the staff and crew of Atlantique City - and I reckon that I can - Day one was pretty fantastic.

By the 9 a.m. early opening we had at least 2000 people lined up outside the door, many of them grabbing copies of Antique Trader and our various publications at the show, and the trafic flow was steady all day. While official numbers aren't available yet, I'd say we had at least 5,000 people come through the convention center and they seemed interesting. Quality is high, and uniform, and we heard some good comments from dealers.

The appraisal event went very well, too, highlighted by a superb Judy Garland dress, straight off the MGM lot, that ended up in - of all places - Milwaukee, WI. We have to wait and see if the pics cvame out, but I'll post them if I will.

At the end of the day we also hosted a gathering to fete Ellen Schroy and thank her for all her hard work - 28 years worth - on the Warman's Price Guide. Nice stuff, and Ellen is a great lady. She'll be missed on Warman's, but it's a good opportunity for Trader to get her byline in the paper, as we did with the 4/9 issue.

Sunday is usually a bit slower at shows, but there can be some serious buying going on, so we're keeping our fingers crossed for our dealers and ourselves, for a good day today, a smooth load-out tonight, and a nice easy flight home tomorrow morning. Last October we got delayed in Philly for 12 hours. Yuck.

Looking forward to getting home, getting back to work and regular blogging, and seeing my family. I love the East Coast, and have a lot of good memories from these shows and my childhood summers spent here, but I want to get back to Stevens Point, WI - wide open spaces, nice people and great beer - and get back in the swing of day-to-day life and work.

See you there.

Howdy!

After a long week of vacation last week - agonizing, as you can imagine, spending so much time with my lovely wife and daughter in Phoenix and Las Vegas - I got into Atlantic City last Wednesday night. Travel was 13 hours from Vegas, with a few nighmarish waits in TSA lines at all airports.

It's time for good antiques and the Atlantique City Antiques Show.

We have spent two exhausting days getting the show ready, but as I write this morning, the show floor at the Atlantic City Convention Center looks beautfiul, there is a crowd of 2000 people waiting outside the door and we are hoping for a good show. We know it looks good, and quality is ubiquitous. Now we are waiting for the buyers.

The weather here is a bit chilly and overcast, which means good weather for antique buying, and the attitude seems to be optimistic, which is half the battle when there are such problems with the economy. I don't, however, have to tell any Trader readers that.

What I can tell you is that I'm excited for the opening of this show, proud of the hard work we've done and ready to see this thing come off a success.

If any of you out there are coming today or tomorrow, or go this weekend and read this later, give me a holler and let me know what you think.

I'll post more later today, hopeufully with some pics, but no promises...