Call Us Now: 504-606-3837

$1M Appraisal Group Discovery Beats the Experts’ Estimate

NEW YORK,NY. (December 18, 2014) A David J. Goldberg “find” set Sotheby’s auction room ablaze on December 17th when the Louis Majorelle desk and chair he discovered in Carencro, LA made more than $1M. It had been predicted that the Waterlilies desk and chair – magnficient Art Nouvelle items designed in 1903 – would make at least $250,000.

The chair, a glorious concoction of line, leather, nail heads and ormolu was expected to bring $30,000-$50,000.  The desk, which experts felt was where the real value lay, was catalogued at $150,000 – $250,000.

On December 17th, early in the Sotheby’s auction of Important 20th Century Design, the chair came to the podium before the desk. Unexpectedly, dynamic bidding ensued.  The hammer finally fell at $653,000, including buyer’s premium. The magnificent desk commanded $365,000, including Sotheby’s buyers premium.

It was a great day for Louisiana and the family from Carencro that hired David J. Goldberg to appraise their dad’s estate.  Lucky for them, they allowed him to place it in an auction house that gave it plenty of press and had customers lined up before the sale even began.

Moral of the story: Don’t entrust your valuable to amateurs. Get an appraisal by The Appraisal Group and follow their lead when it comes to selling in the right venue.

Leave a comment

Your email address will not be published. Required fields are marked *

Related Posts

Celebrating African-American Artists: Clementine Hunter

The Appraisal Group celebrates the work of Louisiana’s own Clementine Hunter (1886-1998). From the Cane River region of the state, Ms. Hunter is among the first African-American artists to have a s...

Welcome to the Estate Sale Center in New Olreans

Welcome to the inaugural sale at The Appraisal Group’s new Estate Sale Center in New Orleans. This is where I take beautiful orphans families don’t want to send to auction or sell privately. Most o...

Why Birkin Bags At Auction Command So Much Money

I posted on Facebook the other day news of the newest most expensive resold bag in the world. After a couple of comments and questions, decided the best thing The Appraisal Group can do is give you...

Why You Should Have Your Antiques Professionally Appraised

Every antique item tells a story, but not every story is reflected in today’s market value without expert evaluation. As certified estate, divorce, and insurance appraisers, we help clients uncover...

What is Early American Style?

Early American furniture is a category of joy in and of itself. Although it is rare now to see pieces from the 17th century – most have been collected and endowed to museums – we at The Appraisal G...

The Jewish Museum Uncovers Fraudulent Early American Portraits & Exhibits Them

The Jewish Museum is the latest to display fraudulent paintings from its collection. As fine art appraisers, The Appraisal Group cautions that you should take an appraisal of your collection to det...