Rachel Doerr and Alastair Meiklejon made some great connections for the future and had some interesting talks around under-insurance plus jewellery and watch valuations.
Author Archive: Doerr Dallas Valuations
8 Problems with asset valuations clients may not recognise – what brokers need to know
This will be by Alastair Meiklejon, Senior Valuer & Wristwatch Specialist
When a client tells you they have a valuation for their assets a broker may breathe a sigh of relief – but that relief could be misplaced.
Alastair will share examples of documents Doerr Dallas Valuations have seen from clients and brokers that are inadequate and explain why this is the case. He will also share ideas and questions that may be useful for brokers to help them raise these issues with their clients in a non-confrontational way.
Making sure your client has correctly valued all their assets will:
- Ensure you are offering the best service
- Reduce the chance of issues at the point of claim
- Ensure the risk is correctly underwritten, insured and priced
- Potentially lead to higher (but correct) premiums, and hence higher commission
- Protect your PI from claims that you did not correctly advise your client
There will be the opportunity for Q&A at the end of the session.
Audience: useful for all levels of experience, and for both personal lines and commercial client-facing broking staff. Particularly useful for those early in their careers.
The NFT Gallery
We had another fun and interesting evening at the NFT Gallery, Mayfair!
Thank you to the Gallery for having us and to Co-Founder Lilien Hornung-Mary, for a very informative presentation.
Also thank you to those who attended. We hope you enjoyed it as much as we did!
Brown and out
‘The confusing world of antique furniture in 2022’
In the world of antique furniture, there is nothing that raises temperatures, or gives a better reason for an argument than the rather broad term of brown furniture, but what does it actually mean and is the market for such items truly as doomed as many people would want you to believe?
Firstly, lets back track about 23 years. The 1990s were coming to a close, Lovejoy had been cancelled, Ikea was becoming a love/hate word in the English vocabulary and traditional antique furniture that had been the mainstay of the collectible and usable market had started to hit hard times. The re-discovery of mid-century modern furniture had started to fit with people’s lifestyles and the necessity for a Victorian gentleman’s compac tum had waned.
At this stage, demand had simply dropped and by the 2010s one c ould buy a Victorian chest of drawers, built by a craftsman, from a fine imported mahogany for pretty much the same as a cardboard box full of Swedish chipboard that you would have to spent hours putting together yourself – it just doesn’t seem right, does it?
However ‘Brown furniture’ isn’t simply the row of beaten-up Edw ardian sideboards in a local auction house, it includes some of the most glorious items ever made as functional pieces – and to place all items of furniture into a single category, jus t because they are made from wood seems a little absurd.
The market today for fine antique furniture is perhaps not as s trong as it was in those days when anyone would pay at least a £1000 for something that start ed with “Georgian” but looking at retail markets now, there are fine and rare pieces a vailable for well in excess of what many people would give them credit for.
So what does the future hold for the ‘Brown Furniture’ market?
Let us not kid ourselves, do we really think that the modern, a lmost disposable lifestyles that people live in 2022 are going to ever need a chest of drawers w ith a brushing slide? Do we think that suddenly every house will need a drop leaf bureau an d that writing letters will suddenly become popular again?
Of course, the answer to both of these questions is no, but – the market for customers that actually do desire these items will only go up as the collector s market still strives to own the best, and only the best.
So when your clients say “we have some brown furniture, but it’ s not really worth anything anymore” it might be worth getting it looked at…
Going to the match
Lowry’s painting, ‘Going to the Match’ from 1953 depicts a bustling throng of football fans gathered at the former home of Bolton Wanderers. It won Lowry first prize in a 1953 exhibition, which was sponsored by The Football Association.
The painting, last came up for auction in December 1999, just days away from the new millennium and the dawn of the new technology that has changed all our lives and turbo charged the Art and Auction world.
The estimate back then was £700-900,000 which was itself a world record estimate and the final price of £1.9 million was also a new record which stood for almost 10 years! ‘Going to the Match’ was bought by Graham Taylor, bidding via phone, on behalf of the Professional Footballers Association, (PFA) the footballer’s Trade Union.
From the auction it went on long term loan to the Lowry in Salford, where until April this year it was on permanent display to the public.
Last night in London, 22 years on, it was back on the auction block, again with a world record estimate of £5-8 million and after a fierce auction battle it deservedly made a new world auction record price of £7.8, far exceeding the previous record for a Lowry of £5.6 million set in 2011.
The PFA recently transferred ownership of the picture to their charitable arm, the Players Foundation so that now all the sale proceeds
will go towards helping those in need. Even better, thanks to the generosity of the Law Family charitable trust run by Andrew and Zoe Law, the Lowry Gallery in Salford were able to bid successfully at the auction and so now they will soon have their visitor’s favourite Lowry picture back again on the wall in Salford Quays so we can all enjoy it now and into the future.
Fine Art Insurance Reception
Ben Hanly had a great evening at the Fine Art Insurance Reception 2022 at the Royal Automobile Club last night.
It was lovely to catch up with some old friends, as well as meeting new ones!
Jersey
We will be in Jersey from Monday 31st October to Thursday 3rd November conducting home visits for Jewellery and Watch valuations! 💍
To book an appointment or to enquire about our fees contact us on 01883 722 736 or email [email protected]
We hope to see you in Jersey!
Ametrine
Ametrine is a form of quartz. It combines both the purple amethyst and the yellow citrine all into one stone, making it somewhat of a unique specimen. To add to this uniqueness, commercial ametrine is only found in Bolivia, and more precisely in the mine of Anahi.
What do we mean by commercial? Stones that are of a particular quality that can be cut and set into jewellery.
The mine was named after a legendary princess of the 1600s who married a Spanish conquistador and was given the mine as dowry. The mine located in a very remote area of Bolivia, was lost for centuries. Research shows that the mine was only rediscovered in the mid-50s, only accessible by plane and small boats.
Ametrine displays the same properties as amethystand citrine. Ametrine rates a 7/10 on the Mohs scale. The Mohs scale of mineral hardness was created by Friedrich Mohs in 1822 and determines the scratch resistance of minerals when scratches by another mineral.
The Mohs scale is used to manufacture everyday objects: your mobile phone’s screen glass is made of a material that scratches at level 6, some at level 7. Ametrine therefore has good toughness and is suitable to be set in jewellery, such as this sapphire and ametrine torsade necklace which sold at auction for $408 (pictured below).
It can be noticed that ametrine is most commonly found in jewellery as a rectangular-cut stone. This cut displays the bi-colour property of the gem, exposing both colours at its best, with the clear demarcation between the yellow and the purple. The most prized ametrine will display fine transparency, a good contrast of colours and an equal balance between the two colours. Though it rates rather high on the Mohs scale, its colour can fade if exposed for long periods of time to too much bright light. If ametrine is worn in jewellery, its wearer should be aware of its possibility to scratch and chip if not cared for properly.
How would one care for its ametrine-set jewels? The best and safest way to clean your jewellery is with good old fashion soap and warm water and not exposing it to high heat. It is preferable not to place the gem in an ultrasonic in case the stone or others in the piece of jewellery have been dyed or fracture filled (the machine’s vibrations will remove the modifications).
Because of its extraordinary features, ametrine is often carved into fantasy-cuts.
An ametrine carving of rooster by Gerd Dreher sold at auction for $12,575. Dreher is a German animal figure carver, the fourth generation of Dr eher in this line of activity. He was born in 1943 in Idar- Oberstein, one of the most important gemstone centres in the world with the finest lapidaries and gem cutters.
This gem-set obelisk / jewellery box by Manfred Wild (pictured top right) remained unsold at $200,000- 250,000. Wild aas born in 1944 in Kirshvayler near Idar-Oberstein. He is the eighth representative of the family dynasty that has been engaged in lapidary art since 1630. Manfred Wild is sometimes called “The 21st century Fabergé”.
Ametrine is used in a wide range of carvings for its intriguing features. It is not uncommon to see jewels set with ametrine but it seems to be slightly underappreciated for what it is: an exceptional wonder of nature who combines two stones into one giving it a delightful play with colours.
Broker Forum
We are in Portugal for the Broker Forum 2022!
We’re enjoying discussing our services to brokers and identifying wonderful opportunities!
Thank you Hedron Network for inviting us to run a workshop.
I For Iolite
Iolite is the gemstone variety of cordierite, a magnesium, iron, aluminium and cyclosilicate mineral named after the French geologist Pierre Cordier (1777 – 1861) – founder of the French Geological Society.
As with some other blue gemstones, iolite is known for its pleochroic properties giving it that extra sparkle. Pleochroism is an optical phenomenon in which a substance has different colours when observed at different angles, especially with polarized light.
Iolite occurs in several areas of Africa, including Kenya and central Tanzania. In fact, when Tanzanite was first discovered, geologists thought it was corderite.
Other iolite source countries include India, Brazil, Norway and a large deposit found in 1994 in Madagascar.
The name iolite comes from the Greek word ios, meaning “violet”. It is said that iolite slices were used by Viking navigators to locate the sun on cloudy days, used as some form of compass.
The gem rates at 7 to 7.5/10 on the Mohs hardness scale. The Mohs scale of mineral hardness was created by Friedrich Mohs in 1822 and determines the scratch resistance of minerals when scratches by another mineral.
The Mohs scale is used to manufacture everyday objects: your mobile phone’s screen glass is made of a material that scratches at level 6, some at level 7.
Even though iolite scores rather high on the Mohs scale, it has strong cleavage in one direction, giving it only a fair toughness. Cleavage, caused by weak atomic bonds, is the weakest plane in a gemstone where the gemstone can split.
For this reason, jewellers are a little reluctant to use the gem in jewellery, specially any hard-wearing jewel such as rings for example.
The gem’s most sought after colours are violetish blue to fine blue. But iolite can appear to be greyish, even transparent, or golden and even brown. Depending on where the light hits, differentcolours will show. For this reason, iolite can be confused with colour change sapphires.
Vivid violetish iolites over 5 carats are rare and cannot be treated in the same way as corundum (sapphires) can be. Unlike sapphires, iolite’s chemical composition won’t allow it to be heat treated to intensify its colour. The gem would simply melt at such high temperatures.
Iolite is more often than not faceted, bringing out its unique transparency, free of inclusions.
But it also is a popular choice for cabochons.
In some iolites, a phenomenon called cat’s eye can sometimes be observed. This effect comes out at its best when the gem is cut as a cabochon.
The cat’s eye effect is caused by long, parallel, tubular inclusions. It can also be found in other gems such as sapphire and chrysoberyl.
Though iolite is hardly ever treated, making it a very appealing affordable blue-gem alternative, due to its relative hardness and lack of consistent fine quality supply, it is not found in as many workshops as tanzanites for example. However, iolite is also cut as beads and strung to make beautiful colourful
necklaces.
A wonderful twenty-first wedding anniversary gift…