It's a Buy for High Quality Antique Furniture

The prices of high quality paintings, pottery and art glass are on a tear. So I got to thinking, if this is so, there’s probably something out there dragging its feet in these markets. Turns out, it’s good antique furniture.

I thought the days of me hauling around chests, tables and chairs where over at my age, but the high quality pieces are a real bargain right now, I may have to reconsider. In fact, I have told you before that if an item was larger than a bread box, I wasn't very interested, but I may have to eat my words today.

The more auctions and estate sales I attend the more I am sure that there is big money to be made in antique and collectible furniture today. I’ve seen high quality furniture selling cheaper than I can believe. At an auction I attended last week, I saw a beautiful empire chest made of tiger maple sell for a mere $200.

Why this sudden reversal? In my opinion, we live in a disposable society. The days of the ancestral home are disappearing for many people. Families move around from home to home every few years, and family members divide up moving to other states and even other countries, disposing of furniture along the way and buying new "disposable furniture" to fit their new home. But, there will always be those who will be seeking high quality antique furniture.

In the markets I’m attending, I see early chests selling for $100 to $200 when a few years ago they would have brought $1000 or more. The same with antique tables I would have loved to have purchase ten years ago for $500, now are bringing in only $150 at auction.

Over twenty years ago, I bought a wonderful Armoire for $750 and sold it almost before I got it home for $3500. It was heavily carved with burl walnut panels. I’ve purchased a lot of furniture over the years, but I mention this one today because last week when I was in Owensboro Kentucky, I saw a pieced that was almost identical to this one, priced at $650. That’s just the asking price, and I’m certain I could’ve bought it for $500. It’s still beautiful, and I know even in this disposable society, there's still someone today who would pay $3000 or more to own a high quality piece like this.

If the market for general mid to lower end antiques and furniture isn't moving, this trend doesn't necessarily hold true in the high end markets. For the highest quality antiques and art, including furniture, there's always a market.

At the 31 Club, we keep our sights on high quality and rare items. And, our job is to buy right.

Well, furniture can be bought right today. Maybe we shouldn't wait any longer to take advantage of this under priced market. I know the rest of the market will be trailing us as we look into this dramatic change. By the time they realize what we are doing, it will be too late for them to catch up.

Yes, there are disadvantages to dealing in furniture, but like any other market, if the price gets low enough, it’s time for us to step in. We need to re-inform the public that today’s furniture is still mostly plastic or made of composition materials. Most of these pieces will last about two years or three years while hand made antiques have lasted over 100 years. If you’re up to the task of handling furniture, now is the time to make some serious money with the truly high quality pieces.

If I do decide to take the plunge and tip my toe back into the pool of the furniture market, I’ll have to figure out how to transport the items and where to store these fine pieces. I can tell you this -- the storage companies are begging for tenants, so a ten foot space will cost you about $100 a month, and the first month is usually free. That gives you time to make a profit to offset the expense.

I will be more than glad to answer any questions that you may have on
furniture, and soon we will have an expert on our "31 Club Panel of Experts"
for you to call.

Today's Photo: This French period antique double "Chapeau de Gendarme" armoire made of walnut and secondary woods sold on eBay for $15,000. It had hand carved decorative motifs-signed by cabinet maker on center front: 1786 Joseph Bertin.

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How to Know the Difference Between an Antique Sugar Chest and an Antique Blanket Chest

35" High Maple Sugar Chest, Early 19th Century, Sold for $9,000 at Doyle New York in May, 2007.

What qualifies a piece of furniture to be called a “chest?” Surprisingly, many pieces of furniture can be called a chest. You have a chest for holding clothes, but this is just one kind of chest. How about a sugar chest, or even a blanket chest? These three chests had entirely different functions, but all are called a “chest.” So let’s examine some of the differences in these three types of chests.

Did you know that at one time sugar, was a very precious commodity? Back in the early to mid 1800's, sugar, in fact, was so expensive and prized, it was kept in a locked chest. This furniture was a very functional piece, plain in decor, yet often a symbol of the family's social status. They were often kept out in plain view, usually in a parlor room or dining room. The most expensive of the sugar chests might well be the Kentucky chest.

These chests were usually made of walnut, and often consisted of just four boards. Why is this important to know? A four board chest was special because it meant it was formed from virgin timber. Today, most furniture is composed of several boards glued together to make a side, front, back, top. Only with virgin timber were the trees large enough so that an entire side or top could be produce from one log.

The sugar chest could have one small drawer at the bottom, but some had no drawers at all. The chest opened from the top, and inside you would find a small space where the knife that cut the sugar was kept. These chests can be fairly primitive or very formal in design.

You must be familiar with sugar chests if you have an interest in furniture, because the value is substantially different between sugar chests and blanket chests. The sugar chests are usually much more valuable, and be warned that there are people who rework blanket chests to look like sugar chests for obvious reasons. A good Kentucky sugar chest may bring $25,000 or more, so they are well worth looking for. The best places to find these at a bargain price is at sales in states where they weren't used. They’ve moved with families through the generations and the new generation doesn’t know its use nor care to inquire of its history.

Have you ever heard the expression “a horse being taken to the glue factory?” This comes from the fact that early glue was made from horse parts. This also explains why older furniture often comes apart. The early glue was water soluble, and if it was exposed to moisture it would easily come apart.

Unlike the valuable sugar chest, a valuable blanket chest that will bring big money usually has to be signed and dated. Blanket chests from the 1700's, with the right information on it about the owner, can easily bring $50,000 to $1,000,000. These are, indeed, rare. Blanket chests you are more likely to come across will be valued in the $500 to $2,500 range. These chests are usually long and narrow, standing on very short legs, opening from the top. They can have up to two small drawers underneath the main compartment.

It is easy to see how someone could convert this to look like a sugar chest, so don’t be fooled.

In both of these types of chests, you will find the value between the best to the average is the difference between night and day. If you are fortunate enough to find a piece that could be of substantial value, that might be the time to call in an expert to confirm your opinion. Any repair or the use of new parts to the piece will reduce the chest value by up to 80 %. So be on the lookout for more modern parts or any repair.

Tomorrow we well discuss the chest that you are probably more familiar with – the clothes chest. The style of the clothes chest covers a wide range of styles and this will take some time just to get you the basics.

Thanks to everyone who tuned into my discussion Monday with Auctionwally on BlogTalk Radio. The show was a blast and if you missed it, you can listen to it this week at Auctionwally.com. As soon as we are able, we’ll have a link to it on our site, as well as a posted transcript.

Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

Antique Furniture - Not For Me, Maybe For You

American country bamboo Windsor arm chair c1800. Offered at One of A Kind Antiques for $385

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Call In With Your Questions

I have intentionally not written on furniture, because my general rule is that if it is larger than a bread box it is to large for me. You see at 66, I don't think that I still have the desire to break my back hauling large pieces of furniture. However this isn't fair to you, if you’re interested in furniture, and so because of this, I’ll do a series on furniture anyway.

The best way to approach these items is by breaking them out into groups. So knowing this I think that I will start with Chairs. It would take weeks to share with you all that is needed to become the expert on this subject but I will try to give you the preliminary facts to get you started.

First, it is a matter of knowing what the true collector is looking for in chairs. Does he collect Modern, Arts and Crafts, Early American or 18th and 19th century European pieces? The material for each of these can give you a start as to their value. Then the workmanship, the designer and the company can place a huge premium on the items you find.

You will usually find that the older European chairs you find will exhibit wonderful carvings and detail. These need to be authenticated by an expert, because any restoration or replacement of piece can change the value tremendously. The dovetailing and the shape of the legs can define what period a chair is from. Before taking on these chairs, be sure to study as many books on their construction and shape as you can. Don't be fooled by reproductions and this is where depending on the experts comes into play.

Early American is where you can really increase your profits, if you are knowledgeable enough to spot the true antique pieces. The real value comes if there is a tag or mark on the chair that you find so that it can be identified as a pieces produced by a certain craftsman. These can usually be found on the bottom of the chair seat. The experts can tell where a chair was produced by the materials used in their construction because most furniture was product with native lumber. So if the chair was made with wood that wasn't grown naturally in that area, it is more than likely that it wasn't made there.

Like the European chairs, the Early American ones must be in untouched condition, nothing added or nothing taken away. Early American chairs have been written about the most. People like to use them in their homes and collectors have a high interest in them. But, know that most of the Early American chairs have also been reproduced.

A short time ago, a chair was sold here in Chicago at an auction house that originally estimated it to go between $4,000-$6,000. It amazed everyone when it was hammered at $22,000. Shortly thereafter, the buyer sold it again in New York. Are you ready for this? He sold it for over two million dollars. Many early examples sell for $100,000 - $500,000.

There is a lot to say about chairs, and I will continue tomorrow on other types.

Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

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