Hey Hey Hey, Connoisseur Bear is here! When I was typing yesterday, I just realized our blog is One-month old now! So I just went out and celebrate, you know just chilling with the writer from World of Animals.
For this week, our topic is “Chew your food, read the Condition Report”, I must say both save life! Why would I say so? It is because the condition report is very important to the decision making. Here is why:
Object condition is important to the cost of restoration
Back into my days working in an antique gallery, they always say “if there is a crack, the price would drop 1/4”. This saying is true if you do not restore the crack, but if you try to restore the crack, it will also be a huge cost, it can be a huge difference between a hairline crack, and a crack. And the best part is, even if you are willing to pay and the restoration is good, the specialists from auction houses and the dealers around the world can still find out the restoration.
Object condition is important to the bidding price
Let me give you an example, in two weeks ago, Christies has sold one Doucai Famille Rose 'Sandou' Bowl with 6 characters Yongzheng imperial mark, with a provenance from K'ung Hsiang-Hsi Collection , it only sold for USD$27,500. On the other hand, in June 2015, a very similar bowl which came from the same K'ung Hsiang-Hsi Collection, has been sold for HK$5,440,000 (around USD$704,589)! You guys can try to spot the difference lol.
USD$704,589
USD$27,500
Auction’s location is an important matter to the cost of course (we will talk about it in our later article), but the truth behind the USD$27,500 is the condition of that bowl. I can still remember the damages for this bowl when I checked the condition report, and it must plays a huge part for the decision makings of those bidders.
So what can we do?
1. Read the condition report
Get an account for the auction house you are interested, click and view, how easy is that.
2. Ask the auction house for one
Sometimes if you are looking at sites such as live-auctioneer or invaluable, they do not have the condition report uploaded. In this case you will have to find the email of that auction house and ask via email. Besides the condition, you can even ask for more photos of that object! I have tried this method before and received replies from auction houses, which helps my decision making.
3. See it for yourself
This is a tricky one, but it is possible if the photo is nicely shot. If you guys still remember, we have come across a Wucai Qianlong dragon bowl two weeks ago, we have found at least 5 chips just by viewing the photo.
And if you are careful enough to view this yellow-ground dragon dish from Bonham, you can find out more…(grey line for un-trained eyes)
So in this week, we talked about the importance of viewing condition report, remember! READ THE CONDITION REPORT!