JULIA’S FINE GLASS & LAMP AUCTION NEARS $2 MILLIONJuly 13th, 2010 by admin
Fairfield, Maine, June 22-23, 2010 - For the few weeks leading up to their auction, the Julia firm was filled with pride, anticipation, and trepidation. Pride because they had been told on numerous occasions that their upcoming glass and lamp auction was perhaps the largest, finest, and most diverse grouping of this type that had ever been offered at one auction anywhere in the world for the last couple years. Anticipation because they had a considerable amount of monetary value and the potential for doing well. Trepidation because this is a different world today and the world economy and collecting fraternities of the world are not what they were three years ago. This is a buyer’s market, not a seller’s market. It is exceedingly difficult to predict what is going to happen. They of course knew that because this was such a high profile auction, a great number of collectors would be watching the performance. If they were successful, it would bode well for their company and for the glass and lamp world as a whole. Healthy prices create confidence in buyers, and the positive cycle continues. Poor sales results exacerbate doubt and insecurity in the market. The auction was a cross-section of the art glass marketplace, consisting of objects found in the booths and shops of leading dealers throughout the world. As such, the value ranged from a few hundred dollars to $100,000+ and included art nouveau, 20th Century American art glass, paperweights, KPM plaques, lamps of all types, miniature lamps, French and English cameo glass, Fairyland Lustre, and more.
When the smoke cleared, it was clear the market was still healthy and active. Just over 1,000 lots were offered and the low estimate of the items sold of approximately $1.6 Million with a final selling price of just under $2 Million. This was over $300,000 over low estimate and certainly a statistic to be proud of.