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Your email address will not be published.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

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...

The Care and Refinishing of Antique Furniture

If you love antique furniture, and even if you don’t but you have a piece that is too good to overlook, there are a few ways you can give your antiques an updated look. The Appraisal Group offers t...

How Often Should You Have Artwork Appraised?

Whether you own a single valuable painting or an extensive fine art collection, keeping your appraisals current is an essential part of protecting your investment. Artwork values can change over ti...

What Kind of Collector Are You? A Quiz

The Appraisal Group challenges you to find out what kind of collector you are. New Age or Old School? . You would pay $300,000 for a Birken bag if you could. / / You are emotional about the...

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...

What Are Gilded Age Antiques?

As you have seen in The Appraisal Group blogs on American Style, antiques come in all forms – from highly ornate to radial sawn oak to tubular steel and leather. A lot of folks these days are havin...