Going Once,
Going Twice
A Guide to Buying Antiques, Art
and Accessories at Auction
Part Two:
Preparing to Inspect Auction Lots
By Chuck DeLaney
In the
first installment of
this series, we covered what auctions are, why they might be of
interest to the interior designer and decorator, and how the
auctioneer gathers the merchandise that will be sold at
auction. We'll get back to the mechanics of how the auction is
actually run, and how to bid successfully in the next
installments.
In this segment, I want to cover the crucial first step that
will allow you to avoid getting burned at an auction. It
involves inspecting the merchandise before the auction. And
that inspection requires that you bring along a small tool
kit.
Before we get started, I just want to add that I'm anxious to
hear any feedback, comments or questions anyone reading this
series might have. Please e-mail me at editorialdirector@sheffield.edu
.
Your Inspection
Inspection of the merchandise that will be offered for sale at
an auction is essential. You must do this before the lot goes
on the block. You can't look at something for the first time
when it is put up for bid and expect to be able to make
informed decisions about how much to pay, the state of the
item, or its benefit to you.
Different types of auctions have different methods of allowing
the viewer the opportunity to inspect the merchandise that will
be offered at auction. In larger, more formal auctions, the
promotional advertisements that announce the auction will list
the viewing times that are available. In larger auction
operations, this may include several sessions in the days
leading up to the auction. In smaller operations, your
opportunity to view the lots in the auction may be limited to
an hour or two before the auction begins.
The House Auction
Before we get into the tactics you should use to conduct a
thorough inspection, I want to take a minute to discuss one
special type of auction – the house auction. Thus far in this
article, I've discussed auctions with the assumption that the
sale will take place in an auction hall. That's not always the
case.
In the first installment, I explained that many times an
auctioneer will "buy a house," meaning that the auctioneer
makes an offer of a set amount of money for all the contents of
a home. This can happen when the homeowners are moving to a new
location far away, but most often it happens when an elderly
homeowner passes away and the far-flung heirs seek to liquidate
the estate, with the exception of a few items that the heirs of
the deceased homeowner may elect to keep.
Now sometimes the auctioneer will clear all the goods out of
the home and take them to his/her auction hall. But that takes
time and costs money. The auctioneer has put up thousands of
dollars to purchase the estate. If he/she now has to expend the
cost of trucking the merchandise to an auction hall and
preparing it for auction, that means added costs for labor, and
a delay on the return on the initial investment.
Particularly in the summer, an alternative is for the
auctioneer to hold a quick "house auction" right at the
location of the home from which the contents were purchased.
This is often a wild-and-wooly affair where the auction staff
comes in the day before the auction, puts tags with lot numbers
on all kinds of stuff, pitches a tent and sets up a hot dog
stand.
On the day of the auction, if the weather is good, the auction
house's staff will start early in the day bringing large
objects out of the house. If the sale starts at 10am, people
interested in inspection will start to show up around 8am. By
sale time, there are cars parked all over the neighborhood,
people poking around looking at all the household furniture,
art and objects that will be auctioned, and a near party
atmosphere.
Suffice it to say, a good house auction (or farm, barn or
business auction) held on location can be a lot of fun. It's
often the case that the auctioneer and his staff have inspected
the objects that will be sold less carefully than would have
happened if everything had been taken back to the auction hall.
That means that there's room for surprises, excitement, and
maybe big bargains. If you've never been to an on-location
house auction, in my opinion you're missing one of life's great
treats. It's a great way to spend a sunny spring or summer
afternoon.
I wanted to discuss the house auction before we move on to
inspection so that readers understand that not every sale takes
place in a dark, crowded auction hall. But, whether you're
headed to a home or a hall, the basic procedure is the
same.
Your Inspection "Tool Kit"
Before you depart for the auction, you need to assemble a few
basic tools that will be of great benefit in your work. At a
minimum, you need to bring: A tape measure, a small flashlight,
your glasses or a magnifying glass. Depending on your
interests, you might also bring a reference guide or two, a
digital camera, and a pair of gloves.
Let's look at each of these items and why you need each
one.
Tape Measure. Obviously, you
need this to confirm that a given object is the right size
for your needs. Often auction houses will give dimensions
of rugs, but they're frequently wrong. Furniture, mirrors
and other objects never have dimensions listed. This means
you need to check all measurements yourself. You're buying
each object "as is." That means if you buy a hall runner
that is three inches too wide for the hall that you have
in mind, you own it, and there's no returning the
merchandise.
In a future installment, we'll look at the limited
circumstances where you may be able to persuade an auctioneer
to take back something after it has been sold, but they're very
limited. I can tell you with certainty that an objection such
as "It's not the right size for my needs," is not going to be a
winning argument.
Measure Before You Go.
Now, knowing how big an object is doesn't help you much if you
haven't measured the space you have available for that object
before you buy it. That means you need to measure the spaces
you have in mind carefully, unless you're attending an
inspection system that is being held on a day before the
auction. If that's the case, you can measure the objects and
then go back and check the space available.
Now, if you're shopping for yourself and are looking for a
library table, a roll-top desk and a new rug for your study,
you should have measured all the details about that space and
have that information at hand. If you're looking for something
for a client, then you probably have all the measurements you
need in your sketches and floor plans.
With proper care, you should never buy anything that doesn't
fit.
Small Flashlight. As I've
mentioned, most auction halls aren't well lit. Even where
the lighting is OK, you need to inspect a piece of
furniture very carefully before you buy it. That means
getting under the desk, looking for negatives – damage or
repairs for instance, as well as positives, such as the
signature of a manufacturer. I once purchased a Mission
oak desk at an auction barn that was always very dark.
Inside one of the desk's drawers, my flashlight revealed
something very important, the branded signature of the
piece's maker, Charles Limbert.
This means the work was, to use the parlance of auctioneers and
antique dealers, "signed." "Signed" can mean anything from
signed by the name of the maker, artist or the workshop, to
signed "Italy" or "Occupied Japan." And, just because something
is "signed" doesn't mean that it was really made by whoever is
alleged to have "signed" it.
In the case of the Limbert desk, I knew the signature was
correct, and the piece had all the classic indications of the
Limbert style. Plus, the workmanship and finish was typical of
good Mission craftsmanship. I kept an eye on the desk during
the rest of the inspection period, but it no one gave the piece
a thorough going-over.
The result? I paid $200 for a small exquisite Mission oak desk
that would probably fetch ten times that amount in a SoHo
antique store.
Glasses and Magnifying
Glass. The Limbert signature was large and easy
to read. That's not always the case when you're looking
for signatures, defects, or clues about origin. You should
always bring a magnifying glass and, if you need them,
your own glasses. Particularly when you're looking at
small objects, such as jewelry, you need to be able to get
a close-up look.
Inspecting things like art – paintings or engravings, for
example – a magnifying glass is often essential to make a
critical judgment about what you're seeing.
Reference Guide. If you're
interested in something specific – a type of antique, art
or rugs, you may benefit from having a reference guide
handy. For example, if you're interested in paintings by
members of the Hudson River School, a guide that lists the
artists, including the lesser know ones, and gives their
dates and samples of their signatures, can be very handy
making a decision whether the purported item is the real
thing.
In addition to verification, guides can give you an idea about
the value of an object. Suppose, for example, you collect
Fiestaware pottery. Some of the different specialty pieces,
such as platters or pitchers, are quiet rare. They are rarer
still in some colors. Do you know which ones are the most
infrequently found? Here's a place where an up-to-date guide
can give you a clearer idea about how much to spend.
Digital Camera. If you're
attending an inspection a day or more before the auction,
and particularly if you're shopping for a client, a
digital camera can be a great tool to help you record
information about items that interest you. This way, you
can quickly show the items that interest you to others –
your family members or your client.
You may need a little help getting enough space to photograph
an object, but if you ask nicely, the chances are the folk at
the auction house will be happy to help you, particularly if
you get there early and the inspection area isn't too
crowded.
Pair of Gloves. Your hands
are crucial tools for your inspection. You'll use them to
feel for microscopic chips or "dings" on china and
crystal. But when you're feeling around under a piece of
large furniture, the chance or getting a splinter or
jabbing yourself on an old rusty nail means that you might
be wise to take some precaution to protect yourself.
Your tool kit is ready, and it's time to set out to the
inspection. As I'll explain in the next installment, you'll not
only be inspecting the piece to determine its condition and
quality. You'll also be setting a price in your
mind.
Reprinted with permission from the Sheffield
School of Design web site at http://www.sheffield.edu
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