Category Archives: Alastair Meiklejon News

Watches in the Movies

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Thirty years ago, we wouldn’t be having this conversation. The art of film making in the early 1990s meant that story telling ranked far higher above the constant worry that film makers these days have that a prop might have been out of place, or even worse out of period.

My first experience of this was very early on in life (clearly, I was destined to be picky). It was after watching the fantastic film Backbeat about Liverpool’s finest export during the early Hamburg days. Now whilst the script may have embellished a few historical truths, what was clearly incorrect was some of the equipment used by The Beatles during the film – and if I at 12 years old could tell that some of the microphones were from the 1980s, well I am pretty sure that some other people could too, but – these were those halcyon days before the internet – where once ignorance was bliss, now there would be threads appearing and probable apologies by the directors.

So, in 2023, details count more than ever, and in recent years there has been a concerted effort to make sure that nobody can pick up on the little things that the average movie goer would never actually pick up on, but somebody would notice…. probably on the internet.

In the recent Oppenheimer film, we saw what can only be described visual love affair between Christopher Nolan and Hamilton watches, all historically accurate pieces for the film and when worn in chronological order by (the soon to be Oscar winning) Cillian Murphy, Emily Blunt, and Matt Damon. Nolan is a particular chap, and in this case, it has worked incredibly well – at the point of writing this, he has been rumoured to be talking with the Broccoli family – and I for one would love to see what he does with the Bond watch, especially after the last 20 years of pretty much the same Omega Seamaster.

Going back a little bit, let’s look at a few watches that got it totally 100% right before the time of internet forums and continuity enthusiasts….

First of all, if any watch defines the understated magnificence of a military piece, it’s the classic that is the Porsche Design Orfina Chronograph. As timeless as Tom Cruise’s face appears to be, it was one of the stars of the 1986 film Top Gun, and again was used in the visually incredible 2022 Maverick incarnation. As a true aerophile and pilot, Cruise will have made sure that the PVD coated watch was totally correct, and it was – and still looks amazing to this day.

Panerai are one of those brands that you love or cannot stand… and for those of you that have met me, you will know that I have a small collection of the oversized military based watches, that do get worn regularly – as far as utility watches go, they don’t get much simpler. Daylight was one of the first major times that one of the watches appeared on the silver screen with no less than Sylvester Stallone appearing alongside the PAM5218-201/A as pretty much co-stars in the film.

Panerai up until 1993 had not actually been available to the public, so this outing was really one of the first times the brand had been given major exposure, and subsequently went on to be a mainstay of the oversized watch world.

watches in the movies - Daylight

What is clear, as has been indicated by such modern films as Oppenheimer, and even the Barbie film (check out Ryan Gosling’s TAG Heuer collection) is that the watch world care about details, and because of that, film makers are paying more attention….

watches in the movies - oppenheimer

The World of Wristwatches where do we go now?

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Whilst we all knew that the market for luxury watches could not continue after the booming nature of 2020-2022, scalping was rife, and speculators were buying up watches as business assets and in turn driving up the price of average watches such as Rolex Submariners, Datejusts and GMTs.

Let’s not be coy though, the vast majority of Rolex, Audemars Piguet, and Patek Phillipe watches will still be a long way from being a ‘spur of the moment decision’ – one cannot simply pop in to one of these brands boutiques and expect to walk out with a shiny box. There has been good news, however for those wanting to purchase one of these ‘grail watches’ in that the availability that is reducing those prices is actually meaning more clients are finally getting those watches that they have been waiting for. The most up to date figures are showing that 1.6 million Swiss watches are being exported every month this year so far, which is a huge number compared to even six months ago.

89 of Rolex’s current models, or pretty much 80% of their catalogue still trade at above retail price meaning that anyone is still insured for the figures that they either bought for, or worse what they think they could buy a replacement for.

Patek Phillipe has always been a strange entity in this area as a significant amount of their watches have never actually had a strong performance on the secondary market – the complications models for example have never had the huge presence that the Nautilus, or Aquanaut did, and for the most part still have. That being so Patek Phillipe still have 43 watches sitting above retail, which represents 48% of the total models they currently sell, which if anything is a bigger indicator than the Rolex figures. Audemars Piguet were, and still are to many collectors the ‘definitive’ boom watch, and despite the recent value changes have 34 watches above retail, coming in at a whopping 71% – again let’s not forget that AP still sell some stunning dress watches, that despite complications and amazing craftmanship – drop like a stone on the secondary market.

From these figures, it is clear that the market still desires certain models, and the availability of them (or lack thereof) has given the market such a huge boost over the last few years, that it’s still going to be difficult to purchase these watches from retailers for quite a while yet, and as we all know outside of the handbag market (see my other articles) the luxury watch market can dictate who buys their wares, when they buy them, and where they are purchased.

So, what happens now? For the last three years the market has been allowed to release watches that instantly have sold out, or instantly on back order – which to be honest in some situations, have not been the most inspired of choices, with very slight variations on a theme – but instantly worth at least a 25% uplift on the retail price, just because of the desire to own anything by a specific brand.

Whilst nobody can predict the future, I would say that more watches will be sold as a result of the drop in prices, and more customers will be happy to spend the kind of money that one might seem more reasonable for a luxury watch – without the premiums that we have been used to, and even become accepting of.

What we have seen in the last few months is a great array of further interesting models, not least the latest ‘disruptive’ model from Swatch X Blancpain.

When the model was mooted, and then launched, I for one was flabbergasted that a serious heritage brand like Blancpain would even consider such a collaboration – especially after the recent MoonSwatch, but after much consideration, and in fact purchasing one of them I can see where the sense comes from – it has raised the profile of the brand and where many people had not even known Blancpain (including the majority of purchasers) now they can legitimately long for one of their normal range, with some experience of the marque.

What other collaborations will arrive – we can only imagine, but I am fairly sure Swatch can’t be the only player in this game for too long, and other brands will be looking at this fairly exclusive market contemplating the six figure sales that could ensue…..

Caring for your items

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Without doubt, one of the most common questions that we at Doerr Dallas Valuations get asked is “What is the best way to take care of… (insert as appropriate)” and the simple answer is that everyone has their own way and own interpretation for different items – some people swear by old wives tales, whilst some find new solutions and potions on Amazon and insist that their carpet has never looked cleaner. So as a rough guide I have compiled the following advice for certain groups of items.

Furniture

When people ask about furniture, it is generally whilst talking about wood items, such as mahogany, oak, walnut, rosewood, and many other weird and wonderful materials that we are privileged to work with.

The first thing to say is – look at where the item is kept; Is it in sunlight? Next to a radiator? In a damp shower room?

If any of these answers are ‘yes’ then seriously consider relocating the items, as ultimately, it’s not going to end well. Warping, fading and serious cracks may appear after time and that will result in a costly visit to the restorers.

Whilst we all remember the smell of the spray cans of furniture polish commonly seen in the 80s and the 90s, these really are not a good way of polishing or cleaning antique furniture, the artificial chemicals will gradually damage the finish and leave you with an item needing to be professionally restored – the general rule of thumb, is less is more.

A lint free cloth with natural beeswax is always the best route, applied until the wood is nourished (this might take a little while, but have patience) will gradually bring back a nice genuine shine and bring out the grain of the wood, as opposed to a silicone type shine that a spray can will bring – it also smells a lot better in my opinion.

Any metal work, such as handles or escutcheons, should be dealt with very carefully – personally I would leave them well alone and enjoy the patina that develops over time, especially with brass work. However if you have to clean them, a very fine wire wool, used sparingly is really your best option – never, ever use Brasso, or similar products as you will end up with a rather ugly rash around wherever you have used it.

Ultimately, furniture is there to be used and a good tablecloth or coasters are one of the most simple ways of keeping the piece in tip top condition – you are more likely to damage it with a stray glass of red wine, rather than normal use over decades.

Rugs

Rugs and carpets are some of the most susceptible items in the household to damage, but how do we avoid the wear and tear?

Again, much like furniture, one should always think about where a carpet is going to be positioned, direct sunlight and damp areas are of course a big no due to the impact that both factors can have on the material. Additionally, turning a rug is a really good idea – for example if in a drawing room, there will always be that one corner that is worn more frequently than the others, and turning the rug will spread the wear more evenly – why not try them in different parts of the household?

When it comes to spillages, again the glass of red wine seems to be the biggest culprit of terrible stains. The experts are unanimous in their recommendations – DO NOT SCRUB – always blot the stain with a kitchen towel and then flush with water, and repeat… this may take some time.

If you are lucky enough to have a furry friend, then they present a slightly different problem and a slightly different method of attack; white vinegar diluted with water is generally considered to be the best option, as the chemicals in urine can attack the fibres and cause significant damage – the logic behind the vinegar is that it works against those chemicals.

The one area that I would strongly recommend not doing anything to, is silk rugs. Whilst there are options out there, the risk for things going horribly wrong are so great, and ultimately a good carpet cleaner or restorer will be able to advise you as to what action to take.

So whilst furniture and rugs are both somewhat daunting in terms of maintenance, it really is a case of keeping on top of little things regularly and they will continue to give you years, if not decades of reliable service.

Posters, Film Ephemera and Comics

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For those of you that have read my previous article on collectible comics you may ask the question, Why combine an article on posters, film ephemera and include comics as well?

Well, the simple answer is that comics now are just as much a part of film ephemera as posters, as one can see when Marvel release a new film from their vast range of available titles, the value of the comic that it is based on soars through the roof!

Look at titles such as Captain America – in April of 2022 the first of the series in a CGC graded 9.4 condition sold for $3.1 million, which even five years ago would have been unthinkable.

What is key to a comic book though, as well as a good title is of course the condition. If there are any marks, stains, tiny rips or even folds, it can wipe tens of thousands of dollars from the books value. Even since my last article on comic books, this has become even more paramount to achieving the ultra-high prices we have seen in the past few years. The way that collectors are now amassing their collections is that it has to be the very best, and if something better comes along – then they need to own it. This has fuelled the market in the last few years with some comics coming out of the woodwork, along with some well known examples.

The film poster market is something that anyone can get excited about – if you have a favourite film, it is very likely that they promoted it with a campaign of posters and as such, it is just as likely that you can source one in 2023. There are a few guidelines for poster that generally include only buying originals and for films that have attained either classic or cult status. So when looking to purchase be sure of authenticity and origin – for example posters in different languages can prove to be worth a lot less money than the native tongue, as seen in items from James Bond films. But in rarer forms, it can be worth even more, seen in the illustrated example of Casablanca from 1942. The film poster market is a tightrope so advice should always be sought out.

Film ephemera has again rocketed, with specific auction houses now specialising on huge sales from major Hollywood studios and collectors. That means you can buy anything from Harrison Ford’s infamous fedora hat (if you have the $300,000 that it recently achieved) to a helmet from a Stormtrooper, from the iconic Star Wars film series.

What has recently come to my attention after looking at quite a few collections over the last few years is actually…Pokemon cards.

This global phenomenon started back in 1996, when Pokemon was released as a trading card game, Pokemon – actually an abbreviated phrase meaning “Pocket monsters”. It quickly became a massive success with over 50 billion cards in circulation, which is a monumental figure. In recent years due to major celebrity endorsement, these items have sold on the secondary market for figures that could never have ever been imagined, as some of the rarest cards trading for over $1,000,000. With mythical collections being kept quiet and never discussed, it’s certainly going to be one of the hobbies and collectible items that stays with us for a long time.

So, should you wish to either buy up some old memories, or maybe invest in some new ones, the market for comic books, film ephemera and even Pokemon cards are clearly satisfying on many levels within the industry!

The Ivory Bill – Addressing the Elephant in the room

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What it means for you and your clients

February 2020, Rachel Doerr and I were sat in the law offices of Mishcon de Reya, having been asked to attend a discussion debating the 2018 Ivory Bill and how the enforcement and understanding of it would take place. Fast forward two months, and due to Covid, Ivory was the last thing on the minds of the government, or anyone else for that matter.

So, 2023 we are now at the point where the Ivory Bill of 2018 should now be clear in everyone’s minds, if you own ivory, or have clients with ivory – it’s even more important.

What Is It?

The Ivory Bill of 2018 was created to ensure that the United Kingdom was at the forefront of regulatory measures to assist in the reduction of the worldwide trade of ivory.

What was wrong with the old legislation?

To put it in simple terms – the understanding of the law. Many people unknowingly sold or bought ivory items that by definition, were illegal – but without expert opinion (and in some cases carbon dating equipment) it would have been impossible to be sure of what items were and were not legal, so the Ivory Bill 2018 was created.

What does the ivory bill mean now, in 2023?

The sale of most items of ivory within the United Kingdom is now illegal, therefore they will have no commercial value, there are some exemptions – here are the published examples by The Department for Environment, Food & Rural Affairs;

1. De minimis

Items with a volume of less than 10% by volume, and which were made prior to 1947. Items with this volume of ivory are not traded for their ivory content, and as such do not contribute to poaching. This limit will mean the UK has amongst the toughest approaches to this category of exemption internationally.

2. Musical instruments

Musical instruments with an ivory content of less than 20% and which were made prior to 1975. This will cover the vast majority of commonly used and traded instruments and accessories, such as pianos and violin bows.

3. Portrait miniatures

Portrait miniatures produced prior to 1918. Portrait miniatures are a discrete category of item which, although painted on thin slivers of ivory, are not valued for their ivory content. Sales of portrait miniatures will not fuel, directly or indirectly, the continued poaching of elephants.

4. The rarest and most important items of their type

Items made of, or containing, ivory produced prior to 1918 which are assessed by an independent advisory institution as of outstandingly high artistic, cultural or historical value, and are an example of the rarest and most important item of their type. These items are not valued for their ivory content, and the trade in them will not fuel the poaching of elephants.

5. Museums

Commercial activities which include sales, loans and exchanges to, and between, accredited museums. This ban will not affect the display of historic, artistic and cultural items to members of the public by accredited museums.

How does this impact my clients who own items of ivory?

If your client owns any items that fall outside of the exemptions this means they have no commercial value in the United Kingdom and cannot be sold under the Act.

If they are Exempt this means they potentially have a monitory value and will require a certificate of exemption from DEFRA to prove this before you can sell the item using the declare ivory scheme or hire out service.

It has become clear that some major insurers are now asking for any item that contains ivory to now have a certificate of exemption before it is insured – this can include many items, from furniture, to silver, and many other items. This will mean having a DEFRA certificate in the name of the client, not the retailer that it may have been purchased from.

Ivory was used for many purposes in the 17th to 19th centuries whether that be for decorative or practical purposes and people may be surprised as to what includes ivory in their construction.

At Doerr Dallas Valuations we can help clients identify what may need certificates, and assist them in applying for them – speak to our team to find out how you can make sure you or your clients don’t fall through the cracks of this legislation that will impact the industry nationwide.

Watches Review 2022

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Well, what a year it has been in the watch world – from the Patek Phillipe Nautilus almost becoming a quarter of a million-pound stainless steel watch…. to thousands of people all around the planet fighting for a £200 Swatch, there couldn’t have been more ups and downs, even if you were writing from Downing Street.

2022 started as 2021 finished, with soaring prices for the most unavailable watches on the market; the Nautilus, Hulk, Royal Oak, Daytona, Aquanaut and many others, all trading at, so far, above their recommended retail price, that it almost became laughable. The secondary market was booming and I, personally was giving valuations on some watches on a monthly basis, due to the fluctuations we were experiencing at the time.

When the market changed, in April/May of 2022 we knew that prices were going to drop – and to be honest, I anticipated a heavier drop than we saw, with some in demand watches still trading at three times their original price in December. Hopefully collectors who bought in the last 2 years are still looking at long term investment pieces.

The Omega Speedmaster has long been regarded as one of the ‘go to’ pieces to have in any major watch arsenal. Its rugged good looks, sensible size, and moon landing history have given it more than half a century of desirability, and last year it was even more desirable than ever – but not in a way that die-hard mechanical watch fans would have anticipated….

The ‘Moonswatch’ was released in 2022, with possibly the biggest marketing push that anyone has seen for a watch, blending the aesthetics of a traditional Omega Moonwatch, and the inexpensive practicality and sense of fun that Swatch have done peerlessly for many decades. The result caused uproar around the planet with near riots in London and Paris, and police being called to many other cities. The most desirable watch on the market for the year was actually a £220 plastic quartz watch, and with nowhere near enough examples, the secondary market went wild with certain examples reaching 10 times their retail value, with people camping out to buy one and then unashamedly selling them the next day on internet auction sites.

Thankfully, this market has calmed a little, with Swatch assuring potential customers that this is not a limited release and eventually there will be enough to go around. But as I write this in January 2023, it is still very difficult to get hold of an example, with some models virtually impossible.

We saw new releases from many of the major house, with Rolex continuing their theme of fancy dials and variations on classic models, such as a left handed version of the GMT Master II. Due to its green and black ceramic bezel, playfully nicknamed ‘Spirte’ or ‘Destro’, caused quite the stir when it was dropped, somewhat trading at over twice its original retail price, from £22,000 to even £30,000, its been one of last years unexpected stars – but if it has Rolex on the dial, it can never be that unexpected.

After the 5711 Nautilus was discontinued the options available to Patek Phillipe were probably immense – how could they change what has become one of the most desirable watches of the current era, if not any era? Well, they were bold! The 5811 is now 1mm bigger than the watch it replaces. I suppose the question is why would you change a winning formula and this proves that.

So, what does 2023 have instore for us?

I believe that whilst all the major brands are going to continue releasing ground-breaking watches with possibly a major offensive of movements, I think that some older watches are going to begin to fall into the modern vintage category and such classics as the much overlooked 16710 GMT Master from 1989-2007, becoming more desirable and prices increasing. There will undoubtedly be some surprises – look out for changes in the Daytona line, as this has been mooted for quite a while now.

Will prices rise or fall?

This is always going to be the question that everyone asks me, and as a valuer, it would be unprofessional to speculate. Whilst 2022 saw prices drop, they were still at the same kind of level they were 12 months ago, so that brings a distinct amount of confidence in watches as a commodity. The demand is still there and will continue to grow as people become more interested – needless to say 12 months is a long time in the watch industry!

Meet the jewellery team – Alastair Meiklejon

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Over the next couple of weeks we will be introducing you to our amazing team…

Profile

Alastair has been involved in the wristwatch and antiques industry for over 20 years as an auctioneer and valuer. He has a particularly broad knowledge with interests and passions to include the following specialities; militaria, watches, automobilia, rock and pop, posters, comic books, and musical instruments.

Over the years watches have become as much pieces of jewellery and a celebration of mechanical art, as well as timepieces, as wristwatches specialist Alastair has had the pleasure of valuing some of the world’s great collections, including Patek Phillipe, Audemars Piguet, Voutilainen, Rolex, and many other great marques’.

Membership

Alastair is a qualified, professional member of the National Association of Valuers and Auctioneers and was elected a Fellow of The Royal Society of Arts in 2017.

About

In his spare time Alastair likes nothing more than enjoying a lovely meal with a nice bottle of red with family and friends. He has, in the past attempted to be a racing driver, however these days he’s happy watching a race from the comfort of his own seat.

Spot-light

Alastair’s favourite part of valuations is hearing the stories behind the item.

Covering

Contact

[email protected]

Is it all about the birkin?

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So recently, I have been constantly asked my opinion on why it is that Hermes bags are the items that are most discussed, and in simple terms, it is because their prices fluctuate the most and the variety of pieces that are created are constantly in more demand than they could possibly ever produce. Therefore, the secondary market dictates that the prices have increased at an exponential rate over the last few years, with bags like the new Birkin Rock (Finally, A Men’s Birkin!), and the Kelly en Desordre being released it has guaranteed that collectors will flock to pretty much anything that they produce and then see prices increased by up to 200% on the grey market.

But what about the other big names, Chanel, Louis Vuitton, Prada, Bottega Veneta…..?

Well, the answer to this question is not so easy…

Let’s start with Louis Vuitton; The Parisian brand has been at the forefront of luxury for over 150 years and in the last couple of decades has been considered to be one of the world’s most valuable luxury brands with not only luggage, but clothing, watches, fragrance and lots of other items in addition.

The monogram bags and purses are probably one of the worlds most instantly recognisable trademarks, and I would bet the vast majority of people would recognise an LV bag, over a Birkin.

Louis Vuitton has many different ranges of products and some standard pieces are a constant, or should I say ‘Classic’. Let’s look at the ‘Speedy 30’ which has been around for a little while, currently retailing at £1,110, it’s a great value little bag, but if we go back a few years…then the price was pretty much half of what it is today, and this has been the story with a lot of monogram pieces.

There is another side to Louis Vuitton. They make some exclusive pieces that one would really struggle to find, and this is where the values start to soar. For example, the Frank Gehry Iconoclast limited edition box – initially retailed around the £2,000 mark, now you will struggle to find one for less than £8,000 – if you can find one at all!

Chanel, of course, is another big player on the handbag market, and what is constantly very apparent is the annual price rise that comes from the luxury French fashion house. Figures of 8% to 10% each year is not uncommon with the most popular quilted bags such as the ‘Classic Small Handbag’ (it’s Chanel, they don’t need fancy names) coming in at over £7,000 in 2022 – this was until recently always considered a £5,000 market bag.

Many of the other brands that dominate the market for handbags, such as Prada, Gucci, and Bottega Veneta will continually release in demand pieces that continue to sell verywell, however, the demand for such items will only ever be at the initial point of sale with the secondary market being nowhere near as lucrative for the resellers, but there will always be the occasional item that goes against the tide and surprises even the experts.

Keeping your valuations up to date is so important as we see values increase in an 18 month period on these handbags….

General contents the invisible problem?

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Every week we see record prices being achieved by some of the greatest artworks known to man, with some of the most glamorous jewellery and watches going to auction at incredible sums, but how often do you talk with your clients about the carpet in the drawing room, or the suite of furniture purchased in the 1990s?

Just this week we have heard more news about inflation and cost of living rising again, and potentially this could increase well into 2023 and beyond.

So how does this effect your mid – high net worth clients and their contents?

The value of items within the ‘General Contents’ section of most customers insurance schedule has been rising for many years, even before COVID–19 and the dreaded lockdowns of 2020.

According to the Office for National Statistics, the values that we are seeing are increasing year on year for general home furniture by around 16% per year so a settee purchased for £10,000 this time last year would now be costing £11,600, with garden furniture increasing by up to 25% per year. So why is this?

The cost of manufacturing has sky-rocketed since 2019, with many companies having issues recruiting staff and/or sourcing materials, in turn the supply chain has suffered with transport issues in abundance – it’s not unusual to see waiting times run in to months for some items.

Two of the items that I am constantly surprised by are curtains and carpets, with some of our clients spending six figure sums on carpeting their homes, and a pair of lavishly lined silk curtains for a 13ft high sash window costing nearly £10,000, however on paper these have only increased by around 5% this year – but, this is only for the material and not the fitters or the makers, so in turn I believe that these figures are increasing by around 24% with that same pair of curtains now costing £12,400.

Whilst statistics are not available for the inflation of electrical goods, this market is different as the advancement in technology means that many items are out of date the minute they are released, there has of course though been a general increase across the board in most items of this nature.

Clothing will continue to be an interesting question with a broad figure of 8.5% inflation across the board, this however will absorb the designer and couture elements alongside the high street fashion world, which does not always give a totally accurate reflection of the mid-high net worth spending habits.

Whilst each manufacturer is different and sometimes these inflation costs will be absorbed into the operating profit of the company, in most instances, and especially in High Net Worth accounts, it is passed on to the client.

When taking an overall look at your clients, by all means be sure to look at the fine art, the jewellery and many other of the ‘visible’ items that clearly will have changed in value, but be sure that you don’t ignore the invisible ones that may well mean your client is underinsured.

Walk-through Valuation – SPECIAL OFFER

The Walk Through Valuation is a beneficial offering for you or your clients if current content values are based on a ‘guestimate’ or a ‘rough idea’ to ensure the values provided are accurate and up to date. For the comfort and security and assurance that in the event of any claim you are covered why wouldn’t you?

You don’t want to find a claim is not paid in the event of a loss, so ensuring your insurer has a true reflection of your values is so important. The Walk Through Valuation is designed for the Mid Net Worth client to establish/categories the contents correctly, on a room by room, category by category basis, itemising items of single value, identifying issues and providing cross room photographs. We don’t value the jewellery but we will discuss/establish if the current cover
is adequate and any other areas of concern which would require a specialist visit.

A Senior valuer will attend the property to complete and the survey takes approximately 3 hours to complete. Our report will be issued within 15-20 working days providing recommended figures and illustrated.

So, to ensure you/your clients values are true and accurate, recommend the need for a Walk Through Appraisal today – up to 4 bedrooms – £525 plus VAT@ 20% including travel.

Call us today on 01883 722736 to book an appointment or email [email protected]

Brown and out

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‘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…