Saturday, June 11, 2011

What a Good Auction Result Can Do

 DONALD DESKEY Silver-plated metal desk lamp, 1927. 13 1/4" x 4 1/2" x 5"
Sometimes auctions bring unbelievable results.  A Donald Deskey Desk lamp sold at Rago Auction.  It's estimate was $2,000 to $4,000 dollars and it sold for $138,000.  Every Antique dealer dreams of. finding and selling at auction something like this. Recently a pair of wing chairs by Paolo Buffa  went to auction at Wright.  The estimate was for $5,000–7,000, they sold for $16,250 and another pair with the same estimate sold for around $11,000. We had a similar pair, which we recently sold from our shop.

pair of lounge chairs from the Hotel Bristol, Merano, Italy
At the same auction last week a set of six armchairs from Hotel Bristol, Merano had an estimate of $7,000–9,000  and bought  $18,750.  This did wonders for all Paolo Buffa prices.  Auctions results often help sent the standard from which shops use to price their items.  Take the art world and the remarkable rise of the Impressionist prices.  In the mid 60's Renoirs and Monets were sold for prices in the tens of thousands as opposed to the millions they bring at auction today.

similar Paolo Buffa Chairs sold at Lewis Trimble

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