We are currently in a buyer's market for Victorian and 'everyday' antiques. Particular areas in the
doldrums are furniture, watercolours, silver, plate and glass. These categories have been undervalued since the 1980s. Auctioneers have tried to promote Victorian furniture as a quality affordable way to furnish a home.
Sadly the fashion for cheap pale furniture and minimalist interiors has held sway and the middle market remains flat. For example, good quality mahogany breakfast tables in 2008s sales were struggling to meet estimates of as little as £300- £400. Given that the size of these tables is perfect for a flat or small house, it seems ridiculous that people are happy to pay more for a low quality modern example.
For the first time house buyer, brown furniture now represents a solid investment. Not only is it often cheaper and better quality, it will also hold its
value and will increase in value when fashion finally comes full circle. Modern furniture has little or
no resale value and often ends its life in a landfill site!
Thursday, 16 April 2009
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