Toxic alert !
For those of you who do actually read the blog when I post an illustration of a piece in an auction or sale it’s not an endorsement to actually buy the item it’s just something I thought was somewhat interesting and in a small sale the “pickings” might be slim so the illustrated lot might not be high end just my opinion of the most compelling lot in the offering . That’s all .
None of the posted items are ever an endorsement to actually buy the piece or promote a specific sale . Draw your own conclusions on this subject and remember , buyer beware !
Plenty of rain and poor weather conditions are putting a damper on the rug trade in So Cal for the next few days !
The “Palmetto Hall” sale held at Christie’s , NYC today is in the books and the results turned out very positive for them . Although there were only 11 rugs in the auction inventory all of them sold . As I said in the previous post the pieces were all in the decorative category but sold is still sold. Most brought prices at or near their pre-sale estimates but one room size carpet could be considered something of an upside surprise .
Lot # 66 , Sultanabad carpet , pre-sale estimate $ 10-15,000.00 ended up selling for $ 62,500.00 including comm. ,The high point of the rug portion of the sale and a nice pop up for the estate !
The Big Day !
Sotheby’s , NYC held their ” Americana” sale that featured 34 rugs and carpets today and it was only a modestly successful venture for them . Out of the 34 lots offered for sale only 17 ended up garnering any interest. A sold percentage of right at 50 %. Nothing in the way of fire works or upside pops just slightly better merchandise selling at dealer range prices .Not however a completely terrible outcome considering all the other distractions going on today .
As for the lot i featured in a previous post # 4073 , Anatolian village rug , pre- sale est.. $ 8-12,000.00 it failed to sell. I thought it was the most interesting piece in this limited inventory but perhaps the condition and the fact it had been through the auction ringer in the not to distant past contributed to the negative result ?
The better Chinese pillar carpets in the sale also did not attract any attention , so there you have it modest results from a limited selection .
3 weeks into the new year and there are no less than 5 major rug auctions on the calendar already with I am sure more to come . The slow period ends in March with details to come when they are available.
One more thing to note .
The San Francisco Tribal & Textile Arts show is scheduled to run Feb.9-12 at the Fort Mason center . Perhaps 4 oriental rug dealers this year .
Also the possibility of a small over flow group at the Capri Motel ,
Out of town visitors and intriguing conversation , no commerce. This
More quiet , more rain !
Parting shot , No I didn’t .
Your lingering on the thought that you lost , fine now get on board with the real winner and move forward in the real world ! , Sheik Frederich, 2017 .
Song o the week , Grand Funk , We’re an American Band on Grand Funk , 1973 .Read More
Winter doldrums are in full effect .
Leland Little Auction’s of Hillsborough , N C , held a general antique auction on Dec.1-2 that featured 4 unimportant rugs and carpets. It did however include 5 fairly interesting oriental embroidered textiles all of which sold well over their pre-sale estimates . The one I felt was most interesting is featured below . The sale also featured 9 Tibetan Thangka’s which also sold very well , for the most part . Worth a look if thats your area of interest .
Lot # 26 , Chinese Silk embroidered throne back , pre- sale set. $2-4,000.00 . Sold for $ 15,000.00 into a still still strong Chinese rug and textile market .
Christie’s, NYC scheduled a sale on Jan. 19th titled ” Palmetto Hall” that includes 11 rugs and carpets all of which fall into the decorative category. If that’s your area of interest it could be worth your while to take a quick look. Unfortunately they are scattered throughout the inventory so you have to peruse the whole thing .
Other than that it’s still very quiet on the rug and textile front .
Poor weather conditions on both coast seem to have stifled rug commerce for the moment.
Good riddance !
Grogan’s , Boston , Ma. has a general antique auction scheduled on Feb. 5th that features 14 various rugs , carpets and flatweaves . Nothing special but in this period of cabin fever take quick look you might find something that appeals to your collecting taste .
No commerce but at least the rain has stopped and the sun is finally out !
Two full weeks of nothing to start the new year !
Parting observation .
For the moment it feels like we are in an extended dormant period going forward in rug- dumb !!?
Wake up and realize that being in a weird place isn’t always a bad thing ! , Sheik Frederich , 2017 .
Song o the week , The Wild , Ready to Roll on Wild at Heart , 2017 .
The midst of winter and not much happening in the rug and textile world but there is one piece of minor fresh market news .
Sotheby’s , N Y C has an “Americana” sale scheduled on Jan. 20-21st. that includes 34 various rugs and carpets . The rugs start at lot # 4071 . Nothing particularly important but a decent group worth your time to take a quick look . One item lot # 4073 Anatolian village carpet seemed to be the most interesting collectors item but it has a modestly aggressive pre- sale estimate . There are also a couple of Chinese pillar carpets that look pretty good . Not a big deal but better than nothing in the middle of winter . !
Lot# 4073 Anatolian village carpet , pre-sale set. $ 8-12,000.00 . Reweaves and visible damage could affect the outcome on this piece ?
God Speed , Lemmy , one year today , The World Remembers !
Holiday silence continues.
Via Con Dios , Garbis Tabakian , restorer extrodiaire and great friend for 20+ years. You will not be forgotten !
Ready , set , let it begin .
Morning road trip .
Out of town visitors and year end commerce .
Time for insanity ?
The end .
Day one ! The Beginning .
In the modern world no one respects a sore loser , sour grapes are still sour grapes and they always leave a bad taste so get over it and move forward ! Sheik Frederich , 2016 .
Song o the week , Motörhead , “Dancing on Your Grave” on No Remorse, 1984 .