Gloomy start to the week.
Commerce continues .
Next up an unremarkable sale at Nagels.
Nothing in the way of results from the Nagel sale yet.
Up first today the results from yesterday's Nagel sale.
Well , I am sure this did not turn out the the way the Nagel staff expected it to.
Out of the 213 lots of rugs and textiles offered up only 75 found buyers. This works out to a dismal sold percentage of just under 35%.
These results were slightly lower than their last sale , on Sept. 10 , 2013 , which clocked in at 37 % sold . So they are moving in a some what negative direction ! Hardly worth the effort from a rugs sold point of view.
Unfortunately the artifact portion of the sale turned out slightly worse .
Just one item took off as far as an upside surprise .
Lot # 1 Caucasian rug pre- sale est. € 1,500.00 ended up selling for € 21,000.00 . A strange little rug which produced an outstanding result for the consigner. This piece did nothing for me in the illustration but someone out there certainly liked it . Must have been much better in person.
Only other piece the Iten- Maritz Medallion Ushak , pre- sale est. € 30,000.00 showed any sort of spark , selling for € 36,000.00 . This was the highest priced lot sold in another wise lack luster offering.
The one real note able lot in the group , lot # 34 , the “Bidder ” silk Khotan , pre- sale est. € 30-50,000.00 failed to find a buyer . The aggressive pre- sale estimate and the possibility of a high reserve could have had something to do with it not selling .
On another otherwise slow day we have the results of the Schuler auction in Zurich yesterday.
Reviewing this sale was a complete waste of time as far as collectors pieces go. However it does give a look at another aspect of the rug market . The Swiss market has always been directed more toward late pieces in excellent condition rather than older collectable items. This offering was aimed right at that part of the market. Out of the 132 pieces put up for sale 85 ended up finding buyers . A sold percentage of about 65% , decent I suppose.
What the Schuler auction house considered to be their star lot in the sale , lot # 632 , Bakshish , pre- sale est. € 5-6,000.00 went unsold. I just can't get past the fact that this piece had a “peculiar ” look to it . It was listed as 19th century but I am just not so sure about that date ?
The one piece I did feature in an earlier post , lot # 594 Zakatala , estimated at € 1,170 – 1, 500 sold for € 983.00. Under the low estimate but they got the job done. The results of this sale , although a smaller affair were much better than the Bonham's , L.A. sale (32% sold) on March 18th which featured merchandise in the same general vain , dealer shop stock type pieces .
This shows there is life in all areas of the rug market !
No word on the small group of rugs that went off today at Leclere auction house yet.
So in a timely fashion Leclere's auction results are posted now.
All but 1 piece sold .
The one that failed to sell was a room size Heriz ( lot 6 ) that carried a reasonable pre- sale estimate but must have had some condition issues that did not show up in the illustrations.
The 2 pieces I covered in an previous post both found buyers.
Lot # 1 Star Kazak , pre- sale est. , a very conservative € 3-5,000 , sold well above at € 37,000.00 . Easily more inline with what the piece was really worth.
Lot # 7 Shield Carpet found a buyer right at the low end of estimate at € 25,000.00 . This piece was not in the best of condition which must have lead to the moderate price.
Bonham's , London has joined the Islamic week festivities with a sale on April 8th titled “Islamic and Indian Art ” . And what a “Creative ” title it is !
In the rug and textile dept. the offerings includes 25 rugs and flat weaves , 4 susani's and 11 textiles.
As far as the general rugs go unfortunately there is not piece worth mentioning . The susani's do however look pretty good but are of the more common varieties .
I don't think any of the textiles are standouts , as far as I can tell ?
Now we move on to the one real star lot of the group.
Lot # 216w , Mughal carpet frag. , mid 17th century , pre- sale est. £ 36-40,000 . A hefty starting point for a fairly small item but make no mistake , to my eye this is a great example.
Quiet today .
However the South Land was shaking !!!
This week ends with a whimper rather than a bang !
Next week looks to also be uneventful leading up to all the auction action at the Islamic week sales in London.
14 days till NYC !!
Settle for nothing , bargain for everything ,you deserve your fair share ! Sheik Frederich , 2014.
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The Irish eyes are on us today .
Earth quakes and taxes on the agenda .
That's all she wrote for now.
30 days till NYC.
Out of town visitors .
The Bonham's L.A. Sale just finished up and I am not sure where to start with this but here we go . Out of the 277 total lots offered up only 90 found buyers. A sold percentage of just over 32%. This is as far from a successful out come as you can get.Like I stated in an earlier post this in my opinion was nothing more than a dealer merchandise sale . The only thing that brought any real money were L.A. style room size decorative carpets. There were things sold in this sale you could not give away in another sales room !
And for good prices too. I don't get it at all.
Witness lot # 2275 Chinese metal and silk rug , circa 1900 , 4'10″ x 7'9″. Pre-sale est. $6-9,000.00 , sold for $27,500.00 including comm. So I guess even this offering had a taste of the ever sought after upside surprise ! I never thought this type of rug could bring this sort of return , but as I have said in past posts it's not where you start it's where you finish and auctions will be auctions.
Leaves you wondering who's paying for these things !
W.C. Fields once said ,there's a S….r born every minute !
A few commerce opportunities in the works but fresh news is stalled for the moment .
O K , so Happy Persian New Year – Nowruz !!
Well J.T. at rugtracker.com has been busy lately .
Hardly a month has gone by and there's a new post available for your viewing enjoyment . Titled , A group of 18th Century Caucasian Lotus- Palmette Carpets . Not as monumental as the last post on Star Kazaks , it still shows the man is on the job.
Gracis , J.T.
A small piece of fresh rug news on this finally a Friday .
The Leclere auction house of Marseille , France has a sale scheduled on March 27 that features a small selection of oriental carpets and a couple of them are somewhat notable . The whole group only consist of only 8 items but no worries, it's worth your time to take a look . This the first offering by the Leclere rug dept. It's a small but impressive start so good luck to them.
Lot # 1 Star Kazak , pre- sale est. € 3-5,000.00 . This seems to be a very realistic starting point for this carpet. Rough condition but a legit piece that was pretty good at one time . It's also included in the rugtracker.com post , A Star- Kazak Atlas .
Lot # 7 Shield Carpet , pre – sale est. $ € 25-35,000.00 . Scarce , but not in the best condition however it should create some interest .
Holy Skinner's day .
Let the battle begin !
Plenty of competition , please !!!
In session now and things seem to be moving.
Well the sale just wrapped up and for all intensive purposes L.K. and crew did fairly well for themselves on their first excursion into the auction arena. Out of the 281 lots put under the hammer only 57 failed to find new homes. A sold percent of just over 80 % , not bad , not bad at all. As I stated earlier nothing in the way of barn burners in the group but a nice well rounded selection of items . Something that may have contributed to the success of the sale was keeping the pre- sale estimates down for the most part and backing off on loading the up the sale with pieces that may have been over restored in Turkey.
One thing to note .
A few of the better collectors pieces ( lot #'s 101 , 104 ,105 and 158 ) did very well for the consigners . Fortunately they DID have realistic pre- sale estimates and reasonable reserves which did not put off potential buyers .
Unfortunately the cover lot did not fall into this category.
Lot # 145 Yomut Asmalyk , pre- sale est. $12-15,000. failed to find a buyer. The aggressive pre- sale estimate certainly may have had sometime to do with it not selling . This is no surprise as the piece was very LATE and had been run through the auction mill already just this last year !
As for the 2 lots I featured in an earlier post both sold.
Lot # 68 Quashgai kelim , pre- sale est. $ 7-900.00 sold for $ 1599.00 including comm. In my opinion this kelim had very good graphics and colors.
Lot # 94 Bukhara Susani ? Pre- sale est. $ 4- 6,000.00 sold for $ 5,843.00 including comm. This looked like it might be a pretty good deal for someone out there.
At this point it looks like Skinner's made a savvy move hiring Mr Kearny to handle their rug dept.
So O K , L.K. , kudos to you on your start , now keep the ball rolling in a positive direction !!
Morning road trip .
Back at O.C.G.
Nothing to report ,that's it for this week !
Where as we find these truths to be self evident the rug business is going all polar directions at the same time ! Sheik Frederich , 2014 .
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All signs point to a minor up turn in the overall interest in oriental rugs , collecting and the rug business in general . The results of all the auctions lately and the chatter amongst dealers / collectors has all been positive up to this point. Not much in the way of negative grumbling at all. Is this a phantom occurrence or a real step forward ? To soon to tell at this point . However anything positive is welcome even if it's short lived !
Here's hoping !
Plenty of possible commerce but nothing so far this week concerning any fresh rug business news. This is sure to change shortly.
While waiting for something of interest to happen I went through the Schuler Auction in Zurich , Swit. on Mar. 26 and it's what I thought it would be . Another European “rug dealer type merchandise ” general sale. Not a thing to get excited about . The sale includes 132 lots of mostly good cond. “European taste” late rugs and textiles , think Bonham's L.A. in the U.S.
To throw these guys a bone for their effort I found one piece that was in my opinion at least moderately interesting.
Lot # 594 Zakatala . Pre- sale est. € 1170-1500. First decent one of these I have come across lately. Nice square size . Used to be plenty of these around , not so much these days.
This day is a snooze .
Business but no fresh rug Biz news.
However be ready for plenty of action this weekend.
Happy pi day !!
On April 10 Christies , London has an Islamic week sale titled , “Art of the Islamic and Indian World ” on the docket. The group includes all kinds of Islamic objects but nothing in the way of oriental rugs .However , the reason I mention this sale is because it does feature 6 early and desirable Islamic textiles .
One I thought was particularly good is listed below.
Lot # 201 Silk Embroidered Bohca , 17th century , pre- sale est. £ 20 – 30,000.00. If you like this type of weaving its worth your time to check this one out. I
The second Austria Auction Co.auction is live online now and so far it looks like Udo and crew are doing reasonably well for themselves.
I have been following this for about an hour now and it appears the pieces that are selling are bring prices for the most part that are in the neighborhood of their pre-sale estimates. I have not seen any upside surprises yet.
O K here you go with a little action.
One of the most talked about lots in the sale # 169 Azerbaijan Cpt. pre- sale est. € 15-20,000.00 just sold for € 34,000.00. Well over its pre- sale estimate and one of the only lots with any real serious upside surprise . A good , early piece but in poor condition .
The other being lot # 29 Lotto ,pre- sale est. € 12-15,000.00 , sold for € 24,000.00.
This piece appeared a little strange to me ?
The piece in the sale with the most aggressive pre- sale est. € 50-70,000.00 , lot # 89 Salor Kappunuk did not find a buyer . Late – ish looking in the illustration ?
So the sale has now concluded and out of the 236 items put under the hammer 146 found new homes . A sold percentage of about 62%. One thing I did notice about the whole sale in general , the fresher looking items were the bulk of the unsold lots.
The previous sale in Sept had a sold percentage of 67% . A little better but still in the same ballpark.
I guess you could say Udo and staff pulled off another reasonably successful sale , so congrats to you !!
As for the piece I featured in an earlier post lot # 108 , Karapinar frag., pre-sale est. € 5-7,000.00. It found a buyer at € 6,500.00 , right in the middle of the estimate .
A trip to the Long Beach Antique fair is first up this morning.
I expect to so see out of town visitors again today.
I did see a few out of towner's but once again no action.
So another week passes under the bridge of time !
No fear a fresh week on the morrow.
An incursion into the inner space of the soul of man can at certain times also unleash the beast in said man ! Sheik Frederich , 2014.
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No rain but no activity so far either.
Quiet today , action on the agenda for tomorrow.
First up today.
. The Netherhampton spectacle went off over night in Salisbury , U.K. and as usual no indications on how it turned out yet. They have however been posting the results in a more timely fashion lately but a short wait is still the order of the day.
Plenty more auction activity scheduled for tomorrow too.
Hot off the press .
Results from yesterday's Netherhampton sale .
Out of the 568 lots put under the hammer a total of 325 ended up selling . Works out to a sold percentage of about 57%. Decent but far from a rousing success. The results of this sale were inline with their previous Dec. 2013 outing that featured 600 lots and 230 went unsold with a sold percent of 62 % . The Dec. sale was a little better but still in the same ball park.
One other thing worth noting about this sale, out of all the items in the offering only 9 pieces brought £ 1,000.00 or more. Like I said nothing to get excited over.
As for the “top ” lot of the sale , lot # 1753 , early textile frag. pre- sale est. £5-8,000.00 it ended up selling for £5,000.00 . Hardly a big deal.
Concerning the 9 lots of Turkmen tent band fragment apparently none of them were particularly special.
The one lot I did feature in an earlier post , lot # 1571 , Mashed zodiac carpet ,pre-sale est. £ 6-800 sold for £ 3,000.00 . The second highest price in the sale and for sure one of the high lights.
In the end I suppose it was a pleasant turn of events for Ms. Barrett and crew.
The Sotheby's , Stanley G. Seeger ( collector extraordinaire ) 2 day sale has just wrapped up and it was a very successful venture to say the least . Pretty much everything offered in this 1,000 lot sale found a buyer. Total take for the group was about .£ 7.34 million pounds .
As for the rugs in the sale all but one , a Chinese carpet (lot #381) found takers and for the most part they all sold far over their pre- sale estimates.
The 2 major pieces in the rug dept. that I mentioned in a previous post , both arts and crafts carpets brought prices well above their pre- sale estimates
Lot # 576 , Donnemara Donagal carpet , pre- sale est. £ 15-20,000.00 sold for £ 43,750.00. Including comm. Looks like the market for this type of carpet is still alive and kickin!
Lot # 851 , William Morris , Hammersmith carpet , pre- sale est. 18-25,000.00 sold for £ 40,000.00.Same group same result.
Like I stated in the earlier post the oriental rug portion was over weighted with Tibetan pieces and they all brought very good prices .
Regarding the 3 lots I featured in the earlier post they also did very well for Mr Seegers estate.
Lot # 295 , pair Sumak bags . Pre-sale est. £ 4-800.00 sold for £ 1,625.00 including comm. With such a low estimate this certainly no surprise.
Lot # 296 , Kurd bag face. Pre- sale est. £ 3-500.00 sold £ 1,000.00 . The illustration told the story on this one . Very good drawing.
Lot # 407 , Silk ikat . Pre- sale est. £ 8-1,200.00 sold for £ 2,750.00. Miss labeled in the catalog however the market rarely misses anything so the price was warranted. Another winner for Sotheby's abet this time in London .
Kudos . Keep the ball Rollin , please.
Just when you thought enough is enough with the rug auction action Christies announces the spring major rug auction . Scheduled on April 8 in the London salesroom this group features just 145 lots of rugs and 2 early rug books this time around . Following Sotheby's foot steps the offering includes a few pieces from name collections . Not quite as interesting as the Sotheby's sale but still a noteworthy group.
Listed below are a couple of pieces that peeked my interest.
Lot number 8 . The Bernheimer Beshire prayer rug . Pre- sale est. a very reasonable £ 5-7,000.00 . Not the best condition bur rare , published many times and scarce. Considering the price the Christies Beshire prayer rug ( Lot # 72 , £ 25,000.00 ) brought on Oct. 8 , 2013 the starting point on this rug is very attractive but as always it's not where you start it IS where you end up !
Personally I have always really liked this particular prayer rug.
Lot # 90 ,Tekke Bird Asmalyk . Pre- sale est. £ 20- 30,000.00 . In comparison the Sotheby's example , Animal – Tree Asmalyk in their last sale lot # 82 ,pre- sale est. $40-60,000.00 sold for $100,000.00. So this is a very realistic point of entry but again its where you end up.
And the hits keep coming again !
The Nagel Auktion Haus , Stuttgart , Germany has joined the party with their next rug ,carpet and ethnic art sale scheduled on March 25. The rug portion of this offering includes 213 items .
Well i have run through this catalog a few times now and am not particularly impressed by group. There are only a few above average pieces included this time around . To my eye most of the rugs and various textiles in the sale are mid – range dealer stock type pieces . I will say one thing about this sale , my opinion is they kept the pre- sale estimates for the most part on the realistic side so there maybe some reasonable buying opportunities ! The one truly notable collectors piece is lot # 34 , the Bidder Khotan mat . Pre- sale estimate € 30- 50,000.00 . By no means an inexpensive starting point but I have always felt this was a very desirable piece .
All in all a decent but far from great selection , but still worth a look.
First up today the monthly trip to the Rosebowl fair .
Out of town faces show up today .
Sotheby's , London's , “Arts of the Islamic World ” auction catalog is live online for your viewing enjoyment now. The sale is listed on the calendar on April 9 this year. Not a big deal as far as the rug potion of the session goes because there are only 36 pieces in the sale . Unfortunately not a thing in the way of a real earth shaker in this group just some nice pieces.
A couple of items that caught my eye are listed below .
Lot # 210 . Bakshaish landscape rug , pre- sale est. £ 25-35.000.00 . These used to be very popular , so let's just see how this one fairs.
Lot # 229 Khorassan Frag. Pre-sale est. £ 6-8,000.00 . The most interesting piece in the group in my opinion.
Until next week , Via Con Dios !
Great Expectations , but nothing to show for it ? , Sheik Frederich , 2014.
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Happy B-day , Steve . We remember !
Lot # 68 Qashgai Kilim ,pre-sale est. $7-900.00 . Good cond. and great visual appeal .
Lot # 94 Buhkara Susani , pre-sale est. $ 4-6,000. Seems reasonable but the listed water marks could be a problem.
Still scarce ?
Still raining and it's certainly having an impact on business in So Cal .
Last and certainly least Bonham's , L.A . has a sale on the docket on March 18 featuring 277 rugs and carpets. Unfortunately unless your a commercial dealer or decorator this sale is not for you. Not even one half a**ed collectors item in the whole sale !
Nuff said !
So what does the rug world have to look forward to in the month of of March you ask . Nothing less than 6 auctions featuring hundreds of rugs and textiles . That should keep all collector types busy tracking all this “great stuff ” .
Still raining !
Making something out of nothing is not that easy , if you think it is go ahead give it a try . Let's just see how you do ! Sheik Frederich , 2014 .
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