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The Collectors Newsletter #847 -- February 2011

The Collectors Newsletter #847 -- February 2011

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1. Work from home selling antiques & collectibles
2. This Week's Survey
3. Stories From our readers
4. This Week's Antique News
5. Your Classifieds
6. Newly listed items
7. Funny Old Stuff
8. Wanted ads. Can you help?
9. A Vintage Recipe
10. A Vintage Recipe Request from a Reader
11. New On line Merchants
12. Helpful Resources For Collectors

Vote Again! --- We need your help today!
You helped us to qualify as one of the top 5 places
to buy antiques & collectibles online. We need your
daily votes to make the final cut. You can vote
once a day until the polling ends March 8th.
Please Click here -- http://bit.ly/hx9ASY

1. Work from home selling antiques & collectibles.
In your spare time you can sell antiques and collectibles from home.
Since 1995 TIAS.com has been helping dealers and collectors just like you to sell their antiques and collectibles online. It costs you nothing to kick the tires and see if an online store is right for you. Give TIAS a try today at: http://www.MakeAShop.com

2. This Week's Survey
Ever week we post a new survey question and the results from the previous week's survey. Survey questions are about anything related to antiques & collectibles. If you have a suggestion for a survey question, email it to me at phil@tias.com and we might use it in the next newsletter.
Come and visit us on Facebook where you can post comments and photos - see us at http://bit.ly/cguVAo
This weeks survey question is ....

"There is an elderly couple down the street from your house that has lived in the neighborhood for many years. The recession has hit them hard and they are planning to have a garage sale to bring in some extra money. While preparing for the sale, the couple throw out a pile of items that they don't believe have any value. While walking your dog, you pass the pile and notice that under the trash there is a rolled up hand made antique Persian rug in excellent condition. What do you do?"

It takes just a few seconds to give us your anonymous opinion at: http://www.surveymonkey.com/s/RKBH3BJ
We'll tabulate the results and publish them in next week's newsletter.

Last Week's Survey Question Was....

"An appraisal fair is an event where people can bring items to be appraised. Probably the best known appraisal fair is the "Antiques Roadshow" on PBS. Is it ethical for dealers or auction houses appraising items at these fairs to buy or acquire items for auction that they have just appraised?"

50.7% said "Yes, it is ethical"
49.3% said "No, it is not ethical"

Wow! this was close -- There was an outstanding selection of thoughtful responses to this question as well....
Here are some written replies that were included with the results from last week's survey

b) It could cause a lower estimate if the house plans or hopes to buy it. I thought an appraiser could lose his/her license if they do buy an item immediately after an appraisal.

c) If the owner has received a credible fair evaluation, and they can prove they are the rightful owner, and they choose to accept an offer on the piece...it is theirs to do with as they see fit.

d) A transaction at a price to which all parties have agreed, knowing the risks, is ethical. As long as these appraisers have followed the usual practice of explaining that an appraisal is just an educated opinion, the owner should be able to decide whether to go to the trouble and risk of a separate sale or take advantage of a quick offer. If these folks also watch "Cash in the Attic" they've seen the wide range between estimates and actual auction sales (both positive and negative).

e) word of mouth will get his reputation if he is dis-honest.


g) Not compliant with USPAP (Uniform Standards of Professional Appraisal Practice)

h) I believe it is unethical. Too many unscrupulous "dealers" that take advantage of folks who put their trust in them. Now if they want to sell, the first thing I explain to them is that as a dealer I can offer 1/2 of retail value. I give them retail/monetary value, auction value and depending on the item, perhaps more important, family value by explaining that they might offer the item(s) to family first.

i) Buyer beware. If they can sell their item to an appraiser for what they said it may be worth, more power to them. But I would think in reality the appraiser would offer them substantially less. Just watch one episode of Pawn Stars - that's what they do. Most people are glad to get whatever $$ they can in a quick sale, unless it is an heirloom which they state they'll never sell.

j) If they are reputable, will pay the owner what they just told them it was worth and the owner feels comfortable (and wants to sell), why not? Maybe in order for the owner not to feel pressured or they're not sure they want to sell, if the appraiser is really that interested, he or she can give the owner their business card so that they can be contacted at a later date. While I do think that there would be some who would try to rip people off, I also think that the reputation of those appraisers would get around quickly.

k) It creates what is called a "moral hazard." The appraiser will be tempted to under-value the item, and then purchase the item for less than what it is really worth and sell it for a profit or keep it for their collection. That practice is unethical. The purposes of an appraisal fair should be for what it is advertised, not as a way for the organizers to make a profit from buying and selling the items brought in.

l) The individuals bringing their items in for appraisal usually have no idea of the value of each item. Assuming they know of and trust the appraiser, they are probably happy with whatever the amount valued....as long as it is a fair one.

m) I go to these with the understanding that I am getting a fair and UNBIASED information and estimate of value. I would question whether that is the case if I am then asked to sell to the person who provided that data.

n) At Antique Roadshow, I would probably think that the appraisal they give is honest, but the others that are advertising in city papers and setting up in little hotel rooms are just a way to scam sellers by low balling. It isn't an honest appraisal it is a buyer trying to get items at a low price. I took my great grandmothers cameo in 2 years ago, nice one about 2 " in diameter set in 18k gold and they told me the appraised price was $35 and they would be more than willing to take it off my hands. I bet they were.

o) I am an appraiser and have been involved in many appraisal fairs over the years. I have never purchased something I appraised at one of these events. If the owner of an item wants to sell something, I typically refer them to local auction houses or local dealers. It's never happened, but hypothetically I suppose if there was an item I was seriously interested in purchasing and the owner made it clear that it was for sale, I would have to "recuse" myself from appraising it and explain why to the owner. I would advise the owner to obtain an appraisal from a disinterested appraiser (and pay for it myself), and afterwards deal with the owner regarding purchasing. Or, just forget about the purchasing aspect and conduct the appraisal. An appraiser cannot have an undisclosed past, present, or future interest in anything the appraiser is appraising. The conflict of interest has the potential to damage one's reputation. We've all heard the stories about elderly clients taken advantage of by unscrupulous appraisers. Once the reputation is gone, it's gone!

p) I attended a fair where an elderly friend had her set of dishes appraised at $30,000. My husband and I were there and witnessed the appraisal. He went to her home and offered her about $3,000! A crook here in Santa Barbara.

q) If they know they are going to make an offer, they will low ball the appraisal and even if they didn't, I would always wonder. The only way would be if you have obtained more than one appraisal and you are certain of the value.

r) If the appraisal is not clouded by the fact the action may be able to acquire the item & the buyer is satisfied with what he receives, I see no problem with it. I would think a buyer would get more at an auction because appraisers generally do not offer a great deal for items. I understand that. I think it is the buyer's call - if he's happy who am I to complain.

s) The key item in determining whether an ethical transaction has occurred or not would be the presence or absence of full disclosure in writing spelling out the reasons for the appraisal value and the presence or absence of any conflicts. When the owner is fully informed of the facts in writing they can accept a sale or consignment of property without future recourse. "Antiques Roadshow" appraisers sign a contract forbidding them from purchasing any items brought in but it does not forbid the consignment of goods for sale. That being said, what good is the appraisal when the item is sent to auction and fails to reach the appraised value or far exceeds the value? Free verbal appraisals are worth as much as the paper they are not written on.

t) I think as long as the appraisals were honest and not "low-balled" so as to make someone believe their item wasn't worth what it in reality was truly worth then the appraisers should educate the owner as to his/her options for resale, etc.
Wasn't there a scandal of some sort shortly after the first season or so of "Antiques Roadshow" that centered around this very topic and the Keno brothers? I seem to remember something of that nature surfacing.

u) Sort of a qualified "no". I provide free of charge valuations for an annual major "seniors expo" event in a city with a population of 300,000 - so I see a LOT of items in a short period of time. Obviously some of the items are worth buying. My policy is not to make offers or ask for contact information. I do have a stack of brochures on my table and will say "if you'd like to chat with me further about your item(s), please get in touch".

v) If the seller is willing to sell, why not. Of course there's the possibility that the appraiser might lower the value to he can buy at his price but I would hope that these shows would only hire folks with integrity and honesty. And the seel can always say no if the offer doesn't meet their expectations

w) Yes, I would rather buy from a dealer that probably knows its value unless I myself know the value. Some things look collectible and are not and an honest dealer knows

x) It may seem like the fox is guarding the hen house, but as long as the appraiser is licensed, they should have an option to buy on the free market like everyone else. The seller has to decide, and not feel pressured. I personally would rather send something valuable up for auction. If an appraiser is suspect, I think they wind up losing their license (although this may take time). The seller should research the appraiser.

3. Stories from our readers
We collect interesting stories about collecting. Things like your best find, unusual collections, bizarre collectibles even things that bug you. Anything and everything that is interesting that has to do with antiques & collectibles. We may publish it here. Send your story to Phil@tias.com
This is in reference to the letter Tom wrote about buyers premiums. The problem is the auctioneers in this area, I had worked for some of them, floor and ticket writing, The auction did not change the sellers percentage, generally 25 to 35%, just added on an additional 10% to the buyer. If I go to a store I pay the price advertised, not that price plus and additional percentage. Jacqueline Dana, Princeton, La.

4. This week's Antique News

If you want to tell the world about your antiques & collectibles business, auction, club or upcoming event related to the antiques and collectibles trade, you can post it for free at http://www.News-Antique.com the #1 listing on Google for "Antique News" Your news release will get published online and will also appear in this newsletter so that 16,000 people can read it. To post a release, go to http://www.News-Antique.com
Check the latest news headlines about antiques and collectibles at http://www.News-Antique.com
1. Kevin Roche collection of Coca-Cola
festoons featured in Morphy’s Mar. 11-12 auction
Click here: http://news-antique.com/?id=796856

2. Leland Little Auction & Estate Sales, Ltd. --
February 26, 2011 - Estate Treasures
Auction - 3:00 PM
Click here: http://news-antique.com/?id=796853

3. Skinner to Host Auction of American Furniture
and Decorative Arts
Click here: http://news-antique.com/?id=796836

4. Les Paul ‘burst tops $131,000, Factory-sealed
Beatles Butcher Cover brings $26,000+ in
$1.682+ million
Click here: http://news-antique.com/?id=796835

5. Wikicollecting.org – The 5 most valuable pieces
of celebrity hair
Click here: http://news-antique.com/?id=796834

6. John Lennon Immortalized in Photography This
Week at LiveAuctionTalk.com
Click here: http://news-antique.com/?id=796833

7. International Bidders Drive Sales at Cowan's
World at War Auction
Click here: http://news-antique.com/?id=796807

8. Wikicollecting.org – The Top 10 most
expensive Andy Warhol artworks
Click here: http://news-antique.com/?id=796794

9. Just Art Pottery Auctions
Click here: http://news-antique.com/?id=796789

10. Sue's Antique Wonderland is Celebrating
Another Anniversary on TIAS
Click here: http://news-antique.com/?id=796788

11. It Is Hard To Keep Up With Dinnerware
Click here: http://news-antique.com/?id=796787

12. Featured Buck Rogers collection adds
$103,500 to day's total at Morphy's Jan. 29 auction
Click here: http://news-antique.com/?id=796786

13. Strong Prices at Gateway Gallery’s Winter
Americana Estate Auction
Click here: http://news-antique.com/?id=796785

14. Philadelphia Armory Antique Show Piccolo
Art positive
Click here: http://news-antique.com/?id=796784

15. Collectors at About.com nominate TIAS.com
as one of the top 5 places to buy antiques &
Click here: http://news-antique.com/?id=796782

16. Xcntric Chicago Estate Sales Spring is
Right Around the Corner
Click here: http://news-antique.com/?id=796758

17. Estate antiques, art, garden statuary form a
luxurious lineup for Auctions Neapolitan's Feb.
26 sale
Click here: http://news-antique.com/?id=796757

18. RC Antiques Too on Ruby Plaza announces
POP Color look
Click here: http://news-antique.com/?id=796747

19. Stevens Auction to conduct on-site estate
sale Mar. 5 in Quitman, Miss.
Click here: http://news-antique.com/?id=796734

20. $55,813 Carved Ivory Vase Tops Garth’s
Decorative Arts Auction, Jan. 29th
Click here: http://news-antique.com/?id=796733
MANY more stories are added several times a day. You can read the latest news now at:

5, Your Classifieds...
Hand Carved Polychrome Wood Carousel Collection

Time Was Antiques Shelley China Specialists

Mickey Mouse Wooden Rocking Horse, Mengel Playthings

Do you have antiques or collectibles you are just itching to sell? A simple classified ad in this newsletter might just be your answer. Over 15,000 readers subscribe to this newsletter. One of them just might be able to help you out. Place your ad today at: http://tinyurl.com/39eulu

Want to know what our advertisers think? Check out the testimonials at: http://tinyurl.com/8xqyw

6. Newly listed items for your online shopping pleasure for Friday February 25, 2011 Stop by and check out today's fresh inventory at:
TIAS.com - http://www.tias.com/showcase
CollectorOnline - http://cgi.tias.com/showcase/?groupKey=7
AntiqueArts - http://cgi.tias.com/showcase/?groupKey=3
Earthling - http://cgi.tias.com/showcase/?groupKey=6

7, Funny Old Stuff
This is our humor section. These are humorous family stories and comments that are sent in by readers. If you have a submission you would like to share, please send it to newsletter@tias.com and we may run it in the next issue.
WHen my son was three, he had a tremendous fascination with electric shavers. He loved to watch his dad shave and just couldn't understand why he couldn't have his own shaver. One day our big tabby cat was running into our yard with a green buzzing cicada in his mouth and my son came running into the house announcing that even Winston (our cat) had his own electric shaver.
Do you have a funny family story you would like to share? Make someone feel good by sharing it with us. Send it to newsletter@tias.com and we may publish it here.

8. Wanted ads. Can you help?
Here are the latest wanted ads from the TIAS Exchange. Can you help someone out?
WANTED: Vintage Medical and dental Items. Especially quackery.

WANTED: Gerardo Lopez Flatware --Vintage Taxco
GET YOUR WANTED AD HERE! Just $10 and we'll send it out to 15,000 people who get this newsletter. Go to http://www.tias.com/cgi-bin/submitClassified.cgi
Looking for something? Place a "Wanted" ad in this newsletter. Over 16,000 subscribers will see it. It's easy, go to: http://www.tias.com/cgi-bin/submitClassified.cgi

9. A Vintage Recipe
Be sure to check out our vintage recipe archive online at: http://www.tias.com/newsletter/topics/A%20Vintage%20Recipe.html Over 1200 wonderful vintage recipes are listed.

In the last issue Ben requested a simple recipe for "Coffee Cake" we received the following...
Sour Cream Coffeecake

Mix and beat:
1 cup sugar
1/4 lb. Margarine
2 eggs

1 cup sour cream
1 tsp. vanilla
1 tsp. soda sifted with 2 cups flour

Crumb Mixture:
1/2 cup brown sugar
2 T. flour
1/2 cup nuts

Put a layer of cake mixture in a pan, layer of
crumbs, etc. ending with crumb mixture on top. Bake
at 375 degrees - 45 minutes or longer. Use a long
cake pan or bread pan. 13 X 4 X 2

--Another Recipe--

To the collector that wanted a recipe for coffee cake. This is what my Mother gave me.

Coffee Cake Bisquick
2 cups Bisquick
2/3 cup milk or water
2 tbsp granulated sugar
1 egg
streusel topping:
1/3 cup Bisquick
1/3 cup packed brown sugar
1/2 tspn ground cinnamon
2 tbsp firm butter or margarine
Heat oven to 375 degrees
Stir coffee cake ingredients until blended
Spread in greased 9" round pan
Stir together streusel topping ingredients
Sprinkle over batter
Bake 18 to 22 min or until golden brown

Terry C.B.
If you enjoy these vintage recipes, you should buy a vintage cookbook from us. They make great gifts too. Take a look at: http://www.tias.com/cookbooks
Buy a Vintage Kitchen collectible from us. We've got lots of them here: http://www.tias.com/kitchen
10. A vintage recipe request from a reader
As with collectibles, people also have very strong feelings about foods from their past. Sometimes these special recipes get lost. This section is to help people who are looking for lost recipes from their past. If you submit a request, please include the geographical region where you had this recipe.
Did anybody grow in Birmingham, Alabama in the 50's and 60's? If so, at some time or another you must have had the lemon icebox pie at Ed Salem's Restaurant! Does anyone have the exact recipe for this pie? I have tried many recipes and cannot seem to get it to taste like his ! Linda Cleere O'Chery - Lawrenceville, GA
If you can help this reader with this recipe, please forward it to recipes@tias.com . If you have a vintage recipe request send it to recipes@tias.com and we might just publish it here.
Be sure to check out our vintage kitchen collectibles section online at: http://www.tias.com/kitchen

11. New Online Merchants
Be sure to check out all of the fresh inventory offered by these new merchants at TIAS.
The Kayleebug Shoppe
The Kayleebug Shoppe is new with TIAS but Kathy and I have many years of dealing with antiques and collectables. We have so many treasures that we will be adding on a daily.

Time Travelers Antiques
Welcome to Time Travelers Antiques! My wife and I have been collectors for over 20 years. My inventory includes Art, Glass, Pottery, Figurines, dinnerware and so much more at some of the best prices on to web.

Finders of Yesteryear
You will find a wide variety of vintage items, antiques, collectibles and memories of your childhood at "Finders of Yesteryear". Reasonable prices listed but offers are always welcomed.

Ace Antiques
Located in the foothills of the Great Smokey Mountains. Featuring pretty 1950s prom gowns, vintage costume jewelry, table linens and valentines, fine line of china including Johnson Brothers, Haviland, Fiesta, Nippon, RS Germany, Blueridge, and Depression glass.

Nico's Retro Toys
Welcome to Nico's Retro Toys! Looking for that "remember when" toy you loved and would like to have again? Nico's is the place to find retro, vintage toys and collectibles.

12. Helpful Resources:
1. Find an antiques or collectibles club. Nearly 2000 different clubs listed. Take a look at: http://www.tias.com/cgi-bin/clubs.cgi
2. What's it worth? Try Kovels' free online price guide to over 600,000 antiques and collectibles. It can be found online at http://www.kovels.com
3. Make money with your Web site. Join the TIAS.com affiliate program today. Go to http://www.tias.com/affiliates/
4. Get an online appraisal. For just $9.95 from "What's It Worth To You?" http://www.whatsitworthtoyou.com/tias.htm (Not affiliated with Kovels.com)

Thanks for reading. Feel free to forward this to a friend. To subscribe to this newsletter go to: http://www.tias.com/subscribe Please note that stories and recipes from readers are not checked for accuracy. They may be edited prior to publication. For questions or comments, you can reach us at newsletter@TIAS.com ©1995-2011 TIAS.com Inc.

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