Are antique owners ready for the new laws on ivory sales?

George III satinwood and inlaid tea caddy

George III satinwood and inlaid tea caddy

In 2019 the Government will introduce its new law for banning the sale of ivory in the United Kingdom.

This has already and will without doubt in the future affect the values of antique ivory items in the United Kingdom.  The new law intends to totally ban the sale of ivory regardless of age.  There are however some exemptions to the new law which are:

  • ‘Items with only a small amount of ivory in them. Such items must be comprised of less than 10% ivory by volume and have been made prior to 1947.’
    Items such as this George III satinwood and inlaid tea caddy with an ivory escutcheon would be exempt under the new law, if containing less than 10% of ivory by volume.
  • ‘Musical instruments. These must have an ivory content of less than 20% and have been made prior to 1975 (when Asian elephants were added to CITES).’
18th century miniature on ivory

18th century miniature on ivory

Pianos, violin bows, guitars and other musical instruments would be exempt under the new law, if made before 1975 and less than 20% ivory.

  • ‘Rarest and most important items of their type. Such items must be at least 100 years old and their rarity and importance will be assessed by specialist institutions such as the UK’s most prestigious museums before exemption permits are issued. In addition, there will be a specific exemption for portrait miniatures painted on thin slivers of ivory and which are at least 100 years old.’
18th century German carved ivory figures of a lady and gentleman

18th century German carved ivory figures of a lady and gentleman

This 18th century miniature on ivory would be exempt under the new law as would this fine 18th century Anglo-Indian Padauk and ivory inlaid desk, on the grounds that they are the most important of their type, subject to exemption permits.

  • ‘Museums. Commercial activities to, and between, museums which are accredited by Arts Council England, the Welsh Government, Museums and Galleries Scotland or the Northern Ireland Museums Council in the UK, or the International Council of Museums for museums outside the UK.’

This fine pair of early 18th century German carved ivory figures of a lady and gentleman would be exempt if accredited by the above institutions.

Will this make ivory items worthless?

19th century carved ivory figure of a fisherman

19th century carved ivory figure of a fisherman

Under the new laws, this 19th Century carved ivory figure of a fisherman and the 19th Century Chinese puzzle ball could not be sold by a retailer, or by private treaty, or at auction, or for any financial gain in the United Kingdom.
Having sppuzzle_balloken to many antique dealers and auctioneers around the country, it is apparent that hammer prices being achieved for ivory pieces at auction have fallen dramatically. For instance, a 19th century ivory chess set that would have fetched between £600 – 800 at auction in the past, would now only fetch £120 hammer price.  After the new law is passed this same chess set would be deemed worthless as it cannot be sold.
In view of the change in the laws for selling ivory, collectors and owners of antique ivory items may wish to review their current values and re-adjust their insurance cover.  It will still be possible to gift items made from ivory without committing an offence.
The new laws are due to come in to effect in mid-2019. For more information please visit: www.gov.uk/government/news/government-confirms-uk-ban-on-ivory-sales

19th century ivory chess set

19th century ivory chess set

Sources: www.gov.uk/government/news/government-confirms-uk-ban-on-ivory-sales
Published 3 April 2018. Department for Environment, Food & Rural Affairs, Foreign & Commonwealth Office, Ministry of Defence, and The Rt Hon Michael Gove MP

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Asian Art Valuations

The History of Collecting Oriental Works of Art

Vase, made during the reign of the Emperor Qianlong. £53.1 million

Vase, made during the reign of the Emperor Qianlong. £53.1 million

In Europe the collecting of Oriental works of art goes back to the end of the 15th Century when Portuguese traders began to import Chinese porcelain and this fashion for exotic items from the Far East soon swept the whole of Europe with many countries vying to control the market.

Such was the popularity and value of Chinese porcelain that in 1717 Augustus the Strong of Saxony swapped 151 pieces of Chinese porcelain for 600 of the King of Prussia’s finest soldiers.

Other materials were also highly sought after by the Europeans including silk, lacquer and Jade.

In the middle of the 17th century the civil war in China led to a shortage of Chinese goods and so the Western traders approached the Japanese to produce similar items, whilst back in Europe many people were trying to produce wares in the style of the Chinese.

Until fairly recently the market in the West has been dominated by Europeans and North Americans, though the Japanese, who had also collected Chinese porcelain for over 1,000 years, were also buyers.

Recent Trends
In the 21st century the increasing wealth of a great many Chinese nationals has led them to try and buy back their heritage.

The best prices are paid for items made the for the domestic market, particularly those made for the Imperial Court, whilst pieces made for export to the West are largely looked down upon as being inferior.

Imperial porcelain from the 18th century is especially sought after for its high quality, which was often dismissed by Western collectors as lacking the soul and character of Ming and earlier wares.

The finest of these 18th century pieces make many millions of pounds, most famously the vase, made during the reign of the Emperor Qianlong, who ruled China from 1736 to 1795, which sold at a small auction in the Home Counties for £53.1 million.

In recent years the Chinese market has become much more selective as knowledge has increased amongst the dealers and collectors in mainland China, where a few years ago Chinese pieces were bought in an almost indiscriminate manner there is now a greater appreciation of the range of Chinese artefacts and their relative quality.

The high prices and subsequent publicity achieved by Chinese piece brought a considerable number of items onto the market and so the prices for more common pieces fell.

Another result of the high prices being paid for Chinese pieces has been that extremely good copies are now being made which has undermined certain sections of the market and means that provenance has now become of even greater importance than previously, with collectors looking for evidence that a piece has a confirmed history.

Because of strict limitations on the export of cultural items from China, once a piece has been bought and taken to China it can no longer leave the country creating a diminishing supply of good quality pieces in the West, one effect of this has been to broaden the range of pieces collected, pushing up the prices for Ming and earlier pieces, the increase in knowledge of Chinese collectors has also enabled this to happen.

1100 AD porcelain brush washer. £30 million

1100 AD porcelain brush washer. £30 million

 

Chinese porcelain plate, Qianlong period (1736-1795) £40 million

Chinese porcelain plate, Qianlong period (1736-1795) £40 million

Recently a porcelain brush washer from the Imperial Ru kiln, made around 1100 AD, 13cm diameter with a pale blue/green glaze and typical finely controlled cracking to the glaze, sold in Hong Kong for 294,287,500 HKD, around £30 million.

The entry of the Chinese collectors into the market has pushed many of the finest pieces out of the reach of Western Collectors, though there are still areas that are affordable and have not yet been greatly affected by recent events, Chinese export porcelain from the 18th century is still remarkably inexpensive with many attractive piece passing through UK auctions and fairs on a daily basis.

Values for attractive pieces often being measured in the tens and hundreds of pounds rather than the many thousands and even millions, it is possible to buy individual plates from the 18th century in good condition for less than £50, fine export examples with the most attractive and rarest decoration rarely cost more than a couple of thousand leaving a broad and interesting collecting area that is still surprisingly affordable.

Chinese porcelain plate, Qianlong period (1736-1795) £40 million

Chinese porcelain plate, Qianlong period (1736-1795) £40 million

 

 

 

 

 

 

 

 

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