treasure detectives on cnbc - tips for art collector's
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There are some good profitable lessons to be learned by art collectors from the mistakes others make on the new CNBC show Treasure DetectivesTRANSCRIPT
Treasure Detectives in CNBC A Fake Baseball Card and A Fake Tiffany Lamp
By Scott M. Haskins, Art Conservator Almost more interesting than the things they collect, art collector’s personalities and mind set seems to be the vibe that Hollywood is after. I guess that’s why, at the moment, it seems TV is awash with wild characters who scour the countryside finding junk, restoring things, appraising and bidding on supposedly sealed storage units. If had some personal contact with the producers and production team at Treasure Detectives (CNBC Tues nights) and I find this show very interesting. Its is a very interesting show that deals with the authenticity of collectibles. In the show that aired this week, there was definitely a good object lesson to be learned from if you paid attention to the psychology of the collectors, something I hope you can relate to. I deal with the mind set of collector’s all the time and, coincidentally, it turned out that on the same morning as the TV show, I had three paintings to evaluate for authenticity come into the lab… all of them before noon! The three items that came in were supposed to be by Matisse, Franz Bischoff and Maynard Dixon. Hopes were quickly dashed, however as the Matisse was quickly identified as a print and the two other oils were far below the quality of the supposed artists. The owners came into my office in hopes of having, collectively, $1 million. I was surprised how lightly they took the bad news, however. They must not have been expecting a positive response. In these three cases, all it took a quick look and the fakes were identified so I didn’t charge them anything. However, see, below, how the bill can be run up… How often do fakes show up at my door? When I have reason to begin probing for authentication type details, at least 90% don’t pass the test. Tues. March 12th’s episode of Treasure Detectives dealt with the value of a Tiffany lamp and a potentially super valuable baseball card.
Comparing blown up images of the baseball card in question and a fake card they made on the show.
The two owners of the two items were in a completely different place mentally. 1. The baseball card owner had inherited the card in 1980 and had, over the
years revered it and made up an incredible story and value in his mind. For him, the item was absolutely authentic and its potential value of $3 million was tied tightly to his ego.
2. The Tiffany lamp was bought a few years ago by a very experienced antiques collector who states that he has the largest and most valuable collection of Tiffany in the State of Kentucky.
In the case of the baseball card, it turned out that several details sunk that boat and it was declared 100% fake. The owner was devastated, of course, but made worst by the fact that the owner took the news personally. The provenance, the reverence for such a rare item, the story the owner had in his mind all contributed to him not looking at this “investment” in an objective way. By the way, it is my estimate that the authentication processes they went through on the show could have cost the owner about $15,000.00 if he were paying for the work and research. The Tiffany lamp turned out to be a 1950s reproduction and was fraudulently sold as a Tiffany. In other words, the purpose was to deceive. The owner was disappointed naturally but it was interesting to me that an experienced antiques buyer and one so familiar with Tiffany would buy something BEFORE having it checked out. I’m sure he shrugged off the $5,000.00 purchase price of his bogus lamp and moved on to other hunting grounds. It is my estimate that the authentication process they went through on the show could have cost the owner about $10,000.00 of he were paying for the work and research. Here are a couple of suggestions that could be learned from this episode of Treasure Detectives:
1. Have your item checked out by experts prior to a purchase or caveat emptor and suffer the consequences.
2. Provenance or the documented history of the item is as easy to make up as a good story. Fake provenances are more common than good ones. If the documentation is made up of physical papers etc and they all look good… be more wary, the more expensive the item is being sold for.
3. Consider that all experienced dealers and collectors buy fake stuff. Don’t take it personally… but don’t get taken too often! #1 on this list will keep this from happening to you. One of my dealer-‐clients hasn’t bought a painting in 30 years with a fake signature because I look at each and every purchase for him PRIOR to buying if he has the minimal question.
In the program’s own words: "Treasure Detectives takes you deep inside the world of arts, antiques and collectibles. Curtis Dowling and his team of investigators verify the authenticity of collectibles, artwork and antiquities using innovative technology and street smarts. Is it a fake or is it worth a fortune?”
One of the basic methods for inspecting artwork prior to purchase is with a strong UV blacklight. See this article and video for more info: http://tipsforfineartcollectors.org/blacklight-‐package/ This is not a slam-‐dunk-‐easy-‐to-‐read method for seeing previous restorations and other important details. It requires lots of practice on lots of different kinds of items. But its fun! For a news article featuring Scott M. Haskins’s, Click here: http://www.fineartconservationlab.com/media-‐room/art-‐restorerconservator-‐scott-‐m-‐haskins-‐featured-‐in-‐life-‐section-‐of-‐newspaper/ For art conservation, painting restoration and authentication questions call Scott M. Haskins 805 564 3438 or [email protected] For art appraisal questions call Richard Holgate at 805 895 5121 or [email protected] See short videos by Scott M. Haskins on art conservation related subjects at YouTube channel “Bestartdoc” http://www.youtube.com/user/bestartdoc?feature=mhee To learn more about what you can do at home to take care of your stuff, download now a copy of Scott's book, How To Save Your Stuff From A Disaster at 50% off! CLICK HERE to know more: http://saveyourstuffblog.com/products-‐supplies/ See short do-‐it-‐yourself videos on collection care and emergency preparedness for art collectors, family history items, heirlooms, memorabilia at Youtube Channel “preservationcoach” http://www.youtube.com/user/preservationcoach Follow us on Facebook Tips for Art Collectors Fine Art Conservation Save Your Stuff Scott M. Haskins On www.tipsforartcollectors.org, sign up in the side column with your e-mail address so you can be updated whenever I post a new article or video for art collectors!