Home > Auctions worldwide >sotheby sale June 2, 2010
Wed, Jun 2nd, 2010 09:50:07 AM
Topic: sotheby sale June 2, 2010

Tomorrow is the sotheby NY sale and our predicting it will be a dismal failure in the first half -- when the collector rugs hit the block -- isnt something difficult to discern.

Neither is the industry standard pisspoor level of expertise -- ie. price estimation - on view but the abysmal lack of connoisseurship a comparison like this demonstrates pains us to witness.

Two somewhat similar rugs but check out the lopsided estimates.

While the funky personable version cant fool RK into liking it enough to pull the trigger we do recognize it is, on all levels, far superior to the other more classical, and foolishly supposed earlier, rendition.

Its not and we are sure it will not perform on race day.

The only lot we have any regard for is lot 50, an exquisite gem-of-a Sennah horse-cover.

If some wise buyer is lucky to get it even for the top estimate, or more, they should consider themselves fortunate RK isnt buying this type of slit-tapestry or wed make the price commensurate with its pedigree.

All in all, save the saddle-cover and the overly cautious and ludicrous published date-guesstimates, another at most truly forgettable sale.

By the way heres a word for mz.otsea: quantity does not improve chances of success and had you presented the better 100 lots we are pretty sure youd have fared far better than loading the barracks with 250 plus forgettables.

On the other hand the 36 thousand euro the S group kedjbe torba made at boswells is both totally within reason and commensurate with its alleged archetypal interpretation of this now familiar object.

lot 1 rippon-boswell May 29, 2010

If we can locate a digital picture of the Saryk kedjbe torba we formerly owned, and then sold sometime after it remained unsold in the unbelievable Tent Band Sale, we can demonstrate why bozwells S group torba is not an archetype, but rather a prototype, for the group.

RK has had the pleasure of owning 4 of these torba, including the Saryk, and while we appreciate their complexity and uniquely outstanding coloration we are sure the kedjbe concept and resulting design forms are a later addition to the weaving repitoire.

Regardless of if we are right or wrong we have always believed in the value and importance of early damaged weavings and now that the market-place has accepted this paradigm a weaving like bozwells torba, will bring 50,000 dollars.

RK knows this is where its at and we are not surprised others now do as well.

Author: jc
Wed, Jun 2nd, 2010 09:50:07 AM

Well, well the results for sotheby's first session are in the book and they are quite surprising.

Never give a sucker an even break, as W.C. Field quipped.

The Ladik-style prayer rug sold for $53,125 including premium and the Konya countrified version made $10,000 including premium.

What this demonstrates is RugDUMB's long-standing infection with certain definitely fallacious ideas, like anything with the moniker 'transylvanian' attached to it should bring big bucks.

Studying the now 53,125$ prayer rug reveals many things -- most obvious is the rote, two-dimensional drawing. This rug is nothing but a lifeless reproduction, while on the other hand the other shows not only that the weaver was not working from a 'model' but weaving from the heart.

RK can't believe this quality was completely overlooked and that infection we mentioned trumped it completely.

This was not the only remarkable result, as number of other substantial prices were paid for mediocre/unimportant weavings as well.

Witness lot 83, a ghastly, boring, amazingly mediocre weaving selling for $17,500.

Our condolences to the new owner...

Mediocre rugs sold for far more than mediocre prices and the only analogy RK can forward is the new car one.

Go to the Ford, Chevy, or any other car dealer. Buy a car for 50,000$.

Drive it out of the dealers lot, put 100 miles on it and then go sell it.

You will lose between 15-40 percent of that 50,000$.

Now RK realizes a car purchase is a bit different than purchasing a 'collector' rug but the analogy is apt.

Buying at auction is dangerous and those who buy rugs like the over-priced 'transylvanian' ladik-style prayer rug, or the 'central Anatolian' prayer rug, are walking on thin ice, very thin ice.

This is RK's opinion and time will tell if we are right.

Any takers for a wager??

PS: The masterpiece Sennah saddle-cover made a measly $5,625.

Hearty congratulations to the new owner, who got the buy of the sale.

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