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You've been coming to our "Flog It!" valuation days | 0:00:02 | 0:00:05 | |
for well over a decade now and you haven't disappointed. | 0:00:05 | 0:00:09 | |
With around 950 shows under our belt and thousands of your antiques | 0:00:09 | 0:00:13 | |
and collectables valued, you've certainly put our experts | 0:00:13 | 0:00:17 | |
through their paces. | 0:00:17 | 0:00:19 | |
-Absolutely beautiful. Happy to flog it? -Yes. -Let's flog it. -Flog it. | 0:00:19 | 0:00:23 | |
120.... | 0:00:23 | 0:00:24 | |
-That's a good result. Top end. -Great. -Happy, very happy with that. | 0:00:25 | 0:00:29 | |
Very happy. | 0:00:29 | 0:00:30 | |
And now we want to share some of the knowledge | 0:00:30 | 0:00:32 | |
we've learnt from the items you've shown us. | 0:00:32 | 0:00:35 | |
Welcome to Trade Secrets. | 0:00:35 | 0:00:37 | |
To restore or not to restore? | 0:01:04 | 0:01:06 | |
Now, that's the quandary that presents itself | 0:01:06 | 0:01:09 | |
to lovers of all antiques and collectables. | 0:01:09 | 0:01:12 | |
Damage can detract from an item's appeal, | 0:01:12 | 0:01:15 | |
yet it's true to say collectors prefer authenticity. | 0:01:15 | 0:01:19 | |
So on today's show, we'll be treading the fine line of restoration | 0:01:21 | 0:01:24 | |
and confronting issues head-on. | 0:01:24 | 0:01:26 | |
Got a bit of bad news for you. | 0:01:28 | 0:01:30 | |
And we find out how to become restoration savvy. | 0:01:30 | 0:01:33 | |
The best way of learning the lesson is to buy a piece | 0:01:33 | 0:01:37 | |
that you think is perfect and you subsequently discover it's restored, | 0:01:37 | 0:01:41 | |
cos you'll never forget that one. | 0:01:41 | 0:01:42 | |
And discover what the bidders make of a recently restored heirloom. | 0:01:42 | 0:01:46 | |
£1,400. We're on the phone, you're out. | 0:01:46 | 0:01:48 | |
The hammer's gone down. Your husband had a good eye, didn't he? | 0:01:48 | 0:01:52 | |
At our valuation days, | 0:01:56 | 0:01:57 | |
the restoration we see is usually so good you can barely spot it. | 0:01:57 | 0:02:01 | |
But, back in 2010, I took a trip to the foothills of Snowdonia | 0:02:03 | 0:02:08 | |
to find out about a monumental restoration job | 0:02:08 | 0:02:11 | |
that everybody can see, | 0:02:11 | 0:02:13 | |
at Gwydyr Castle, one of the finest Tudor houses in Wales. | 0:02:13 | 0:02:16 | |
A house like this just echoes of the past - | 0:02:20 | 0:02:23 | |
the walls permeate history. | 0:02:23 | 0:02:25 | |
You can't help yourself. You want to touch them and soak it all up. | 0:02:25 | 0:02:29 | |
It was once a fortified house. | 0:02:29 | 0:02:30 | |
The castle was the ancestral home of the powerful Wynn baronets, | 0:02:30 | 0:02:35 | |
a significant family in North Wales throughout the Tudor | 0:02:35 | 0:02:38 | |
and Stuart period. | 0:02:38 | 0:02:39 | |
Today, as you can see, the house has evolved over the centuries | 0:02:39 | 0:02:42 | |
but inside it's full of character and charm and atmosphere. | 0:02:42 | 0:02:45 | |
All the perfect ingredients for a fairytale. | 0:02:45 | 0:02:48 | |
This modern-day fairytale started in 1994 when a young couple, | 0:02:50 | 0:02:55 | |
Judy Corbett and Peter Welford, followed their dreams. | 0:02:55 | 0:02:58 | |
Throwing caution to the wind, they bought Gwydyr with the money | 0:02:58 | 0:03:01 | |
they raised in the sale of an inherited cottage and a bank loan. | 0:03:01 | 0:03:05 | |
It was totally dilapidated at the time - | 0:03:05 | 0:03:08 | |
a crumbling ruin with a wild, overgrown garden. | 0:03:08 | 0:03:11 | |
With the help of the Welsh Historic Monuments Agency, | 0:03:11 | 0:03:14 | |
they started what will probably end up being their lifetime's work - | 0:03:14 | 0:03:18 | |
its restoration. | 0:03:18 | 0:03:20 | |
A restoration project of this size is a huge undertaking. | 0:03:22 | 0:03:24 | |
In fact, I'm going to rephrase that - | 0:03:24 | 0:03:26 | |
it's a MAMMOTH undertaking, | 0:03:26 | 0:03:28 | |
but Peter and Judy are totally focused and committed. | 0:03:28 | 0:03:31 | |
They love architecture, they love history | 0:03:31 | 0:03:33 | |
and, with that combination, they've succeeded so far. | 0:03:33 | 0:03:37 | |
It's a beautiful, beautiful castle. | 0:03:37 | 0:03:39 | |
I'm going inside to catch up with Judy to find out all about it. | 0:03:39 | 0:03:43 | |
What was it like when you first came here? | 0:03:49 | 0:03:51 | |
Um, it was pretty derelict, yeah. | 0:03:51 | 0:03:54 | |
-Roofless in part, horses and chickens living in here. -Really? | 0:03:54 | 0:03:57 | |
-In this particular room? -Yes. | 0:03:57 | 0:03:59 | |
Yeah, so it was really quite bad | 0:04:00 | 0:04:02 | |
and obviously no plumbing or wiring to speak of. | 0:04:02 | 0:04:04 | |
I had a walk around the grounds before I came in | 0:04:04 | 0:04:06 | |
and they're beautifully landscaped now. | 0:04:06 | 0:04:08 | |
Lots of formal plantings, lots of clipped yew and box | 0:04:08 | 0:04:11 | |
and, gradually, it's all coming back together again. | 0:04:11 | 0:04:14 | |
There's one particular tale I know you haven't mentioned yet and | 0:04:16 | 0:04:19 | |
that's how you managed to do a bit of detective work on your dining room. | 0:04:19 | 0:04:24 | |
Yes, a neighbour turned up with the sale catalogue. | 0:04:24 | 0:04:29 | |
-Of the contents of the castle. -Of the contents of the castle from 1921. | 0:04:29 | 0:04:33 | |
Basically, to cut a very long story short, | 0:04:33 | 0:04:36 | |
it transpired that William Randolph Hearst, | 0:04:36 | 0:04:38 | |
who you'll know as Citizen Kane in the famous film, | 0:04:38 | 0:04:41 | |
had bought two rooms at the sale here in 1921. | 0:04:41 | 0:04:45 | |
The rooms had been destined for San Simeon in California, | 0:04:45 | 0:04:48 | |
the castle he was building for himself there. | 0:04:48 | 0:04:50 | |
We'd started doing some detective work and gradually traced the room | 0:04:50 | 0:04:55 | |
to the Metropolitan Museum in New York | 0:04:55 | 0:04:57 | |
and that is where we found it. | 0:04:57 | 0:04:59 | |
Was it on display? Or was it just in storage? | 0:04:59 | 0:05:01 | |
No, it was actually still in its packing crates from 1921. | 0:05:01 | 0:05:05 | |
-They'd never done anything with it? -Never done anything with it. | 0:05:05 | 0:05:08 | |
So were they pleased to sell it back to you, then? | 0:05:08 | 0:05:10 | |
Well, it took us two years to negotiate with them | 0:05:10 | 0:05:12 | |
and we went over to New York to see the room, in fact... | 0:05:12 | 0:05:15 | |
How fascinating! | 0:05:15 | 0:05:16 | |
..and went to this extraordinary warehouse in the Bronx. | 0:05:16 | 0:05:18 | |
-This whole new world was opening up for you. -Yes. | 0:05:18 | 0:05:21 | |
There, in the middle of it, was our panelled room, | 0:05:21 | 0:05:23 | |
and they literally just give us a hammer and a chisel and said, | 0:05:23 | 0:05:26 | |
"Go ahead and open the crates." | 0:05:26 | 0:05:28 | |
And the most astonishing thing was, when we started opening the crates | 0:05:28 | 0:05:31 | |
and saw this amazing room, it still smelled of Gwydyr, | 0:05:31 | 0:05:34 | |
after all those years, 75 years. | 0:05:34 | 0:05:37 | |
-Only you know what that smell is, really. -Well, it moved us enormously. | 0:05:37 | 0:05:41 | |
-Just to have that piece of... -Did you have a tear in your eye? | 0:05:41 | 0:05:43 | |
-I did, I'm afraid, yes. -Can I have a look? | 0:05:43 | 0:05:45 | |
Absolutely, yes. | 0:05:45 | 0:05:47 | |
Of course, all the furniture, all the contents were sold as well. | 0:05:47 | 0:05:51 | |
Why was there a big house sale? | 0:05:51 | 0:05:53 | |
Hard to say. 1921, just after the war. | 0:05:53 | 0:05:56 | |
Money was tight, same old story, it was happening all over Britain. | 0:05:56 | 0:06:00 | |
And was that the start, really, of the decline? | 0:06:00 | 0:06:03 | |
Yes, in Sir John Wynn's day, the estate was huge. | 0:06:03 | 0:06:07 | |
You know, the deer park alone was 36,000 acres. | 0:06:07 | 0:06:10 | |
So it was a massive estate. | 0:06:10 | 0:06:11 | |
So this is lot 88, the remarkably fine 17th-century panelling. | 0:06:13 | 0:06:17 | |
How much did it sell for back then, do you know? | 0:06:17 | 0:06:19 | |
Ah, well, quite a lot of money, actually. | 0:06:19 | 0:06:22 | |
I think it was something like 1,000 guineas, which is a lot of money. | 0:06:22 | 0:06:25 | |
But it attracted a lot of attention. | 0:06:25 | 0:06:27 | |
Hearst obviously was introduced to it by his friend, Lord Duveen, | 0:06:27 | 0:06:31 | |
who owned the house then and started to asset strip, basically. | 0:06:31 | 0:06:35 | |
After two years of negotiation | 0:06:35 | 0:06:38 | |
it got packed away back in that box again and shipped back over here. | 0:06:38 | 0:06:42 | |
It came back, yes, yes, after 75 years of exile, | 0:06:42 | 0:06:45 | |
it came back to Gwydyr and... | 0:06:45 | 0:06:47 | |
Was it a puzzle, putting it back together? | 0:06:47 | 0:06:49 | |
Or was it all carefully marked, joint-to-joint? | 0:06:49 | 0:06:51 | |
Well, unfortunately not, | 0:06:51 | 0:06:52 | |
so that's why it made our job that much more difficult. | 0:06:52 | 0:06:55 | |
It was very hard because they came in great big sheets of panelling | 0:06:55 | 0:06:59 | |
and they had very loose markings on the back, | 0:06:59 | 0:07:01 | |
but we were really working from just the sale catalogue, | 0:07:01 | 0:07:04 | |
these sepia photographs. | 0:07:04 | 0:07:06 | |
Whilst we were working on the room, | 0:07:06 | 0:07:07 | |
we hardly left the place for two years, it was that intense, | 0:07:07 | 0:07:10 | |
really, just making sure that everything went back together again. | 0:07:10 | 0:07:13 | |
-You really are living and breathing this, aren't you? -Yes. | 0:07:13 | 0:07:16 | |
We're very passionate about it and love it very much. | 0:07:16 | 0:07:19 | |
Gosh, here we are. | 0:07:39 | 0:07:41 | |
Wow, I love the carvings, I love the trailing ivy with the grapes. | 0:07:41 | 0:07:46 | |
Yeah, they're very intricate and very elaborate and... | 0:07:46 | 0:07:49 | |
When was that carved? When was this made? | 0:07:49 | 0:07:51 | |
Well, the panelling was made for this space | 0:07:51 | 0:07:53 | |
in about 1640 for Sir Richard Wynn | 0:07:53 | 0:07:55 | |
and then it's been embellished | 0:07:55 | 0:07:57 | |
and played with a little bit over the centuries | 0:07:57 | 0:07:59 | |
but really, yeah, 1640. | 0:07:59 | 0:08:00 | |
And this echoes what's going on around the doorway, doesn't it? | 0:08:00 | 0:08:04 | |
Yes, these twisty columns, they're called Solomonic columns. | 0:08:04 | 0:08:07 | |
Lovely, deep relief on the carving. | 0:08:07 | 0:08:10 | |
And then in the middle we've got the coat of arms of the Wynn family. | 0:08:10 | 0:08:14 | |
OK, this is what we've got to look out for now | 0:08:14 | 0:08:16 | |
-if we find anything like this we know where to bring it. -Yes, exactly. | 0:08:16 | 0:08:19 | |
The three eagles of Owain Gwynedd and the three lions of King Cynan. | 0:08:19 | 0:08:22 | |
Was the leather panelling part of the package out of the crate as well? | 0:08:22 | 0:08:26 | |
Yes, everything came back except the movable furniture. | 0:08:26 | 0:08:29 | |
So even the window shutters came back. | 0:08:29 | 0:08:32 | |
This leather frieze up here is actually quite important. | 0:08:33 | 0:08:36 | |
When it came back from America, it was completely black. | 0:08:36 | 0:08:39 | |
We took advice from the V&A | 0:08:39 | 0:08:40 | |
and they said the best thing to clean it with is spit. | 0:08:40 | 0:08:43 | |
So we spent six months, I'm afraid, and a lot of spit later, | 0:08:43 | 0:08:48 | |
it now shines but we both ended up with very bad sore throats | 0:08:48 | 0:08:51 | |
-at the end of it. -What a wonderful tale. | 0:08:51 | 0:08:52 | |
It's a great detective story, isn't it? | 0:08:52 | 0:08:55 | |
Another little piece is that | 0:08:55 | 0:08:57 | |
if William Randolph Hearst hadn't bought this room, | 0:08:57 | 0:08:59 | |
it would have burnt in a fire the following year, | 0:08:59 | 0:09:01 | |
so we're very grateful to him also. | 0:09:01 | 0:09:03 | |
For Judy and Peter, restoring this magnificent Tudor house, | 0:09:08 | 0:09:12 | |
it was essential to preserve its heritage | 0:09:12 | 0:09:15 | |
but for everyday antiques it isn't always a clear-cut decision. | 0:09:15 | 0:09:19 | |
Clearly, there are arguments for and against, | 0:09:19 | 0:09:22 | |
so if you haven't quite made your mind up, maybe we can help. | 0:09:22 | 0:09:26 | |
If you have a teapot and the spout's broken, I wouldn't necessarily | 0:09:31 | 0:09:35 | |
have the spout restored just so you can sell the teapot | 0:09:35 | 0:09:38 | |
because you might find there is an imbalance | 0:09:38 | 0:09:41 | |
between outlay and suitable income. | 0:09:41 | 0:09:43 | |
Restoration is always acceptable. | 0:09:43 | 0:09:47 | |
But you have to mention that it's been done. | 0:09:47 | 0:09:51 | |
The best way of learning the lesson | 0:09:51 | 0:09:54 | |
is to buy a piece that you think is perfect | 0:09:54 | 0:09:56 | |
and you subsequently discover it's restored, | 0:09:56 | 0:09:59 | |
cos you'll never forget that one. | 0:09:59 | 0:10:01 | |
We see all types of restored items on "Flog It!". | 0:10:02 | 0:10:05 | |
For some, the restoration comes as an unwelcome surprise. | 0:10:05 | 0:10:10 | |
In other cases, the objects have been lovingly restored | 0:10:10 | 0:10:13 | |
by the people we meet. | 0:10:13 | 0:10:15 | |
Claire Rawle had the pleasure of the latter | 0:10:15 | 0:10:17 | |
at a valuation day in Hertfordshire. | 0:10:17 | 0:10:20 | |
My husband bought it... We reckon about 20 years ago, | 0:10:20 | 0:10:23 | |
not quite sure about that. | 0:10:23 | 0:10:25 | |
..for scrap at an antique fair for £15. | 0:10:25 | 0:10:29 | |
Then he took it to a local watchmaker man and he said, | 0:10:29 | 0:10:32 | |
"Oh, it's worth repairing," | 0:10:32 | 0:10:34 | |
so we spent about £350, which seemed an awful lot of money then. | 0:10:34 | 0:10:39 | |
I would be interested in knowing a bit more about it. | 0:10:39 | 0:10:42 | |
It's a lovely thing. | 0:10:42 | 0:10:44 | |
This watch had been very, very sympathetically done. | 0:10:44 | 0:10:47 | |
Basically, the restorer had restored the movement and made it work - | 0:10:47 | 0:10:50 | |
which is what you expect them to do - | 0:10:50 | 0:10:52 | |
but hadn't gone in for lots of polishing and cleaning | 0:10:52 | 0:10:55 | |
and tidying up of the dial and the hands and things, | 0:10:55 | 0:10:57 | |
which spoils it completely. | 0:10:57 | 0:11:00 | |
If you open it up, nice set of hallmarks inside, | 0:11:00 | 0:11:03 | |
which give you the date, 1838. | 0:11:03 | 0:11:05 | |
The thing I really love is when you get into the back | 0:11:05 | 0:11:08 | |
and you open this last cover | 0:11:08 | 0:11:10 | |
and there we have just the back of the movement. | 0:11:10 | 0:11:13 | |
It's beautifully made. | 0:11:13 | 0:11:15 | |
Quite understated, in a way, but you've got this nice, | 0:11:15 | 0:11:17 | |
what they call this "engraved cog" here, | 0:11:17 | 0:11:20 | |
which covers the escapement inside. | 0:11:20 | 0:11:22 | |
Most people that buy watches don't expect them to be working. | 0:11:22 | 0:11:26 | |
They'll either do it themselves or they get it done professionally. | 0:11:26 | 0:11:29 | |
There are very few people that will ask, "Does it work?" | 0:11:29 | 0:11:32 | |
The one thing they will ask is whether it ticks | 0:11:32 | 0:11:34 | |
because that means that the main spring is still working. | 0:11:34 | 0:11:37 | |
So, as long as that still goes, it's got more value. | 0:11:37 | 0:11:39 | |
I think anybody who knows anything about chronometers | 0:11:39 | 0:11:42 | |
will look at that and think, "Wow, yeah, that's really nice. | 0:11:42 | 0:11:45 | |
"That's an interesting piece." £500 to £600. | 0:11:45 | 0:11:47 | |
-Oh, really? -Yeah. -Yes. That's wonderful. | 0:11:47 | 0:11:51 | |
The more I look at it, the more I think that it will do very well. | 0:11:51 | 0:11:55 | |
-I think if you put a £500 reserve on it... -Right, right. | 0:11:55 | 0:11:58 | |
-Fix it. -Right, right. -Is that OK? | 0:11:58 | 0:12:00 | |
-Yes, that's fine. -Estimate 5 to 6. | 0:12:00 | 0:12:03 | |
-Right. -And, yeah, I think it should go well. | 0:12:03 | 0:12:07 | |
It was lovely that it was in working order. | 0:12:07 | 0:12:10 | |
I think it probably put a little bit on but not a tremendous amount. | 0:12:10 | 0:12:13 | |
It was a good watch anyway. | 0:12:13 | 0:12:14 | |
This is where it gets interesting. This is the beauty of an auction. | 0:12:14 | 0:12:17 | |
-Because anything can happen. We could have a big surprise. -Hopefully. | 0:12:17 | 0:12:20 | |
There we are, lot 216. | 0:12:20 | 0:12:22 | |
It ought to be close to 500 for this one. 300 bid, thank you, sir. | 0:12:22 | 0:12:26 | |
300 I'm bid, 20... 400 he says. | 0:12:26 | 0:12:29 | |
400 I'm bid. 500 we're bid for it. | 0:12:29 | 0:12:31 | |
At 500. You're going well. | 0:12:31 | 0:12:34 | |
Are you going to finish? | 0:12:34 | 0:12:35 | |
At 500, then, I'm going to have to sell it. | 0:12:35 | 0:12:37 | |
£500. | 0:12:37 | 0:12:39 | |
Thank you very much. | 0:12:39 | 0:12:41 | |
-I'm happy with that £500. -Yes, it's wonderful. | 0:12:41 | 0:12:43 | |
From £15, it's not bad, is it? | 0:12:43 | 0:12:45 | |
Yes, yes, and you got the money back from the repairs as well | 0:12:45 | 0:12:48 | |
and you had all those years of enjoying it and use. | 0:12:48 | 0:12:50 | |
Absolutely. | 0:12:50 | 0:12:51 | |
I think you need to be very careful | 0:12:51 | 0:12:53 | |
if you're thinking of restoring a pocket watch. | 0:12:53 | 0:12:56 | |
An awful lot of them actually are not worth restoring | 0:12:56 | 0:13:00 | |
because the cost of restoring is totally going to outweigh its value. | 0:13:00 | 0:13:03 | |
Where you've got a nice one, then, yes, obviously, | 0:13:03 | 0:13:06 | |
you want to think about having it restored. | 0:13:06 | 0:13:08 | |
Less called-on for pocket watches, | 0:13:09 | 0:13:11 | |
an area where restoration is more commonly seen | 0:13:11 | 0:13:15 | |
is with Royal Worcester China, which was established in 1751. | 0:13:15 | 0:13:19 | |
Because of the pottery's vast output and the popularity with collectors | 0:13:20 | 0:13:25 | |
of this fragile porcelain, restored pieces often crop up. | 0:13:25 | 0:13:28 | |
Some even have replacement parts. | 0:13:29 | 0:13:32 | |
The trick is, as our own | 0:13:32 | 0:13:34 | |
Worcester-born boy Philip Serrell knows, is spotting it. | 0:13:34 | 0:13:38 | |
I just wanted to know if it was genuine, actually. | 0:13:38 | 0:13:40 | |
-Why do you want to know if it's genuine? -I don't know. | 0:13:40 | 0:13:43 | |
We bought it from a national exhibition centre and I liked it | 0:13:43 | 0:13:47 | |
because of all the roses. I'm a roses person, a pink person. | 0:13:47 | 0:13:51 | |
And I really fell in love with it | 0:13:51 | 0:13:52 | |
and after I bought it I just wondered if it was genuine. | 0:13:52 | 0:13:55 | |
This is shape number 1286, | 0:13:55 | 0:13:57 | |
and it's called a crown-topped potpourri. | 0:13:57 | 0:14:00 | |
It's got this dot system which started in 1891 | 0:14:00 | 0:14:04 | |
and there are 16 dots there, | 0:14:04 | 0:14:05 | |
so we can date this quite precisely to 1907. | 0:14:05 | 0:14:09 | |
It just strikes me as being a little bit odd. | 0:14:09 | 0:14:12 | |
Can you see this is like an ivory | 0:14:12 | 0:14:15 | |
and what we call shot-silk decoration | 0:14:15 | 0:14:17 | |
in those intervals there? And yet there it's totally different. | 0:14:17 | 0:14:21 | |
I have thought that myself, I did notice that. | 0:14:21 | 0:14:23 | |
I just wonder whether it may have been that... | 0:14:23 | 0:14:28 | |
this cover has been a replacement at some point in time. | 0:14:28 | 0:14:31 | |
I think Pat was spot on, really, | 0:14:31 | 0:14:34 | |
and it goes back to this thing about trusting your eyes. | 0:14:34 | 0:14:37 | |
If you look at that, you can see that the rim around the bottom | 0:14:37 | 0:14:41 | |
of the top didn't quite match the rim around the base of the vase. | 0:14:41 | 0:14:45 | |
That should tell you that something perhaps doesn't quite marry up. | 0:14:45 | 0:14:48 | |
So I think she was spot on with her instincts | 0:14:48 | 0:14:49 | |
that top and bottom didn't quite match. | 0:14:49 | 0:14:51 | |
So how much did you pay for it? | 0:14:51 | 0:14:53 | |
We think about 180. | 0:14:53 | 0:14:55 | |
I think it will show you a profit on that, | 0:14:55 | 0:14:57 | |
providing there's no restoration and it's all A-OK, as I said. | 0:14:57 | 0:15:00 | |
I think that my estimate for it would probably be £200 to £400 | 0:15:00 | 0:15:04 | |
and put a reserve on it of £200 on the basis that it's not restored. | 0:15:04 | 0:15:08 | |
You know, it looks very crisp around here. | 0:15:08 | 0:15:10 | |
I've had a look and it looks OK, but it's difficult in these lights. | 0:15:10 | 0:15:13 | |
If you're buying a perfect piece for a perfect price, that's fine. | 0:15:13 | 0:15:16 | |
If you're buying a restored piece for a restored price, that's fine. | 0:15:16 | 0:15:19 | |
What you don't want to be doing | 0:15:19 | 0:15:21 | |
is buying a restored piece for a perfect price. | 0:15:21 | 0:15:23 | |
And restoration can be that good that, you know, | 0:15:23 | 0:15:26 | |
a dealer or an auctioneer just might not spot it. | 0:15:26 | 0:15:30 | |
As you can imagine, | 0:15:30 | 0:15:32 | |
we were all intrigued to see what the saleroom made of Pat's vase. | 0:15:32 | 0:15:36 | |
-I've been all over this, top to toe. It's absolutely sound. -Right. | 0:15:36 | 0:15:40 | |
-There is not a problem at all. -Is the cover right for the pot? | 0:15:40 | 0:15:44 | |
-That's where we fall down. -OK. | 0:15:44 | 0:15:45 | |
No, it is what we've termed in the catalogue an "associated cover". | 0:15:45 | 0:15:49 | |
-It has a marginal effect on the price. -OK. | 0:15:49 | 0:15:52 | |
But not phenomenal because, at the end of the day, | 0:15:52 | 0:15:54 | |
these things are rare, these are very expensive. | 0:15:54 | 0:15:57 | |
And, also, for anyone out there, | 0:15:57 | 0:15:59 | |
if you've got a smashed pot and got the cover, | 0:15:59 | 0:16:01 | |
don't sling it out, because people are desperate to buy the covers. | 0:16:01 | 0:16:04 | |
-These are often the first things that get broken. -Yeah. | 0:16:04 | 0:16:06 | |
-We're going to sell. -Going to sell it. -Oh, yeah. | 0:16:06 | 0:16:08 | |
It's just that cover that's just going to hold it back. | 0:16:08 | 0:16:11 | |
But did the Royal Worcester collectors agree? | 0:16:11 | 0:16:14 | |
I open at £450. | 0:16:14 | 0:16:16 | |
-Yes! -£450 on a maiden bid clears everybody else. | 0:16:16 | 0:16:20 | |
I've got 450 on my right. Do I hear 460 in the room? | 0:16:20 | 0:16:24 | |
It's on a commission bid, then. Opening and closing at £450. | 0:16:25 | 0:16:29 | |
All sure, all done? | 0:16:29 | 0:16:32 | |
-Bang, hammer's gone down. -Short and sweet. -Short and sweet, yeah. £450. | 0:16:32 | 0:16:36 | |
Great result. Top end of Philip's estimate. | 0:16:36 | 0:16:39 | |
Although the lid wasn't a perfect match, | 0:16:40 | 0:16:42 | |
the fragile nature of Royal Worcester | 0:16:42 | 0:16:44 | |
means associated covers are more accepted by collectors. | 0:16:44 | 0:16:48 | |
However, if you want to avoid a restored piece, | 0:16:48 | 0:16:51 | |
Philip has a top tip. | 0:16:51 | 0:16:54 | |
If you go to an antique fair or you go to an auction room | 0:16:54 | 0:16:58 | |
and you see people picking up a piece of porcelain and biting it, | 0:16:58 | 0:17:02 | |
they're checking for restoration. | 0:17:02 | 0:17:04 | |
Now, if a pot has been restored and you bite into it, | 0:17:04 | 0:17:07 | |
it's just like biting into soap | 0:17:07 | 0:17:09 | |
and you almost feel like it's going to come away in your mouth. | 0:17:09 | 0:17:12 | |
If you bite onto a piece that's not been restored, | 0:17:12 | 0:17:15 | |
it's like biting on a piece of glass, it's really quite hard. | 0:17:15 | 0:17:18 | |
That's a way of looking for restoration. | 0:17:18 | 0:17:20 | |
But, of course, in the world of ceramics, | 0:17:20 | 0:17:23 | |
other big names, like Moorcroft, | 0:17:23 | 0:17:25 | |
also have a low threshold for bumps and scrapes. | 0:17:25 | 0:17:28 | |
The joy of Moorcroft is it's fairly easy to restore, | 0:17:30 | 0:17:33 | |
because a lot of the ground colours are very plain. | 0:17:33 | 0:17:36 | |
So, you can get a big chunk out and it's just blue. | 0:17:36 | 0:17:40 | |
So, to restore a lot of Moorcroft is very easy | 0:17:40 | 0:17:43 | |
and the financial benefits are really good. | 0:17:43 | 0:17:47 | |
Easily disguised restoration, though, can come as a bit of a shock, | 0:17:47 | 0:17:53 | |
as Jim and Betty found out in 2010 with their Moorcroft trinket dish. | 0:17:53 | 0:17:58 | |
Thank you so much for bringing this little trinket dish along. | 0:17:58 | 0:18:01 | |
Now, you must know a little bit about it if you watched Flog It! | 0:18:01 | 0:18:04 | |
-I think it might be 1930s. -Absolutely spot-on. | 0:18:04 | 0:18:09 | |
And do you know the name of the pattern? | 0:18:09 | 0:18:12 | |
-Not really. -Testing! -Is it Mushroom, or...? | 0:18:12 | 0:18:15 | |
-No, that's Claremont. Mushroom is Claremont. -Right. | 0:18:15 | 0:18:17 | |
-This is Hazeldene. -Oh, Hazeldene, yes. -It's very similar. | 0:18:17 | 0:18:20 | |
If we turn it over, there we've got the "Made In England", | 0:18:20 | 0:18:24 | |
which tells you it's made after 1925. | 0:18:24 | 0:18:27 | |
"Potter to HM the Queen". | 0:18:27 | 0:18:29 | |
That would have been Queen Mary. | 0:18:29 | 0:18:31 | |
And the W Moorcroft facsimile signature there. | 0:18:31 | 0:18:34 | |
So a little dish that is very sought-after at auction. | 0:18:34 | 0:18:38 | |
I love this Hazeldene pattern, | 0:18:38 | 0:18:40 | |
especially with the sunset red ground to it. | 0:18:40 | 0:18:44 | |
Ooh. | 0:18:44 | 0:18:45 | |
I've got a bit of bad news for you. | 0:18:49 | 0:18:52 | |
-It's been restored at some stage. -Oh. | 0:18:52 | 0:18:54 | |
Sorry to be the bearer of bad news, but it has been done. | 0:18:57 | 0:19:00 | |
It looks like sort of 15-, 20-year-old restoration. | 0:19:00 | 0:19:03 | |
It's starting to show through. | 0:19:03 | 0:19:04 | |
When restoration's done, when it's brand-new, | 0:19:04 | 0:19:07 | |
it's very difficult to tell. | 0:19:07 | 0:19:08 | |
The restoration fades and it doesn't last, | 0:19:08 | 0:19:12 | |
so you might think you've restored something | 0:19:12 | 0:19:14 | |
and spent £100 restoring it for ever. | 0:19:14 | 0:19:17 | |
It's not the case. | 0:19:17 | 0:19:19 | |
The restoration will come back and it will change in time. | 0:19:19 | 0:19:22 | |
So, you'll have to do it again. | 0:19:22 | 0:19:24 | |
-Is it a family piece? -No. | 0:19:24 | 0:19:26 | |
-Where did you find that? -Well, where did we pick that up, Jim? | 0:19:26 | 0:19:30 | |
-A car-boot sale. -How much did you pay for it? | 0:19:30 | 0:19:33 | |
£2. £2. | 0:19:33 | 0:19:34 | |
Well, for £2, you know, it's still a great buy at £2. | 0:19:34 | 0:19:40 | |
If it had been perfect, | 0:19:40 | 0:19:42 | |
I think your £2 would have transformed into £200. | 0:19:42 | 0:19:47 | |
With the restoration, you've still made a really good investment, | 0:19:47 | 0:19:52 | |
because I still think it's going to make 60-100. | 0:19:52 | 0:19:55 | |
-Brilliant, isn't it? -That still all right, isn't it? | 0:19:55 | 0:19:57 | |
-That more than I thought. -It's great. | 0:19:57 | 0:19:59 | |
I just thought it's just a wee dish. | 0:19:59 | 0:20:02 | |
Well, it is a wee dish, but it's a great wee dish. | 0:20:02 | 0:20:05 | |
If you've got a rare piece of Moorcroft | 0:20:05 | 0:20:08 | |
and you can't afford 5,000 for the perfect one, | 0:20:08 | 0:20:11 | |
you can still afford 2,000 and get one that's damaged. | 0:20:11 | 0:20:15 | |
But because Moorcroft is so easy to restore, it will look fabulous. | 0:20:15 | 0:20:19 | |
And the potential to make restored Moorcroft look as good as new | 0:20:19 | 0:20:23 | |
might explain what unfolded in the saleroom. | 0:20:23 | 0:20:26 | |
A very nice Moorcroft flambe design circular pin tray. | 0:20:28 | 0:20:32 | |
And I've two very close bids. | 0:20:32 | 0:20:36 | |
And I'm started at £210. | 0:20:36 | 0:20:38 | |
210. 210. 210. | 0:20:38 | 0:20:41 | |
210. | 0:20:41 | 0:20:42 | |
220. | 0:20:42 | 0:20:44 | |
240. | 0:20:44 | 0:20:46 | |
260. 280. | 0:20:46 | 0:20:48 | |
300. | 0:20:48 | 0:20:50 | |
320. | 0:20:50 | 0:20:51 | |
20 against you. | 0:20:53 | 0:20:54 | |
340. | 0:20:58 | 0:21:00 | |
360. | 0:21:02 | 0:21:03 | |
-360. -380. | 0:21:03 | 0:21:05 | |
400. | 0:21:06 | 0:21:08 | |
420. | 0:21:09 | 0:21:10 | |
440. | 0:21:12 | 0:21:13 | |
-440. Anyone else want in at £440? -£440, Betty! | 0:21:17 | 0:21:22 | |
Selling on the telephone at £440. | 0:21:22 | 0:21:25 | |
-Well, who'd have believed that? -Well done, James. -£440. | 0:21:25 | 0:21:30 | |
Hey, we keep saying it's a roller-coaster ride of emotions | 0:21:30 | 0:21:33 | |
here in the auction room, don't we? | 0:21:33 | 0:21:34 | |
You don't know what's going to happen. | 0:21:34 | 0:21:36 | |
We keep saying it's not an exact science. | 0:21:36 | 0:21:38 | |
Damaged - yes, it was. | 0:21:38 | 0:21:40 | |
But did the bidders on the phone care? Clearly not. | 0:21:41 | 0:21:45 | |
When two people really want something, | 0:21:45 | 0:21:47 | |
you can't predict the result. | 0:21:47 | 0:21:49 | |
Now, in 2012, an elderly woman in Spain took the art world by storm | 0:21:50 | 0:21:55 | |
when she popped into her local church | 0:21:55 | 0:21:58 | |
and tried to restore a century-old fresco. | 0:21:58 | 0:22:01 | |
That was an obvious case of what not to do. | 0:22:01 | 0:22:04 | |
But botched job aside, | 0:22:04 | 0:22:06 | |
even professional restoration of artwork can be controversial. | 0:22:06 | 0:22:10 | |
In Brian and Maria's case, the jury's still out. | 0:22:11 | 0:22:14 | |
-It was passed to my father from his uncle. -Right. | 0:22:15 | 0:22:19 | |
So it's been in the family quite a few years. | 0:22:19 | 0:22:22 | |
Father passed away in October. | 0:22:22 | 0:22:24 | |
Before that, it was always his wish to take the family abroad. | 0:22:24 | 0:22:28 | |
So it's kind of passing the legacy down, really, | 0:22:28 | 0:22:30 | |
to try and probably use it as our leverage to, hopefully, get abroad. | 0:22:30 | 0:22:34 | |
Oh, that's a lovely thing to do. | 0:22:34 | 0:22:36 | |
-I'm sure he'd have approved of that. -Yes, he would have done. -Yeah. | 0:22:36 | 0:22:39 | |
Just up until recently, you couldn't really see much of the picture | 0:22:39 | 0:22:42 | |
and we had it restored around Christmas time | 0:22:42 | 0:22:45 | |
so you can actually see the detail. | 0:22:45 | 0:22:47 | |
You can even virtually see the people at the front of the boat. | 0:22:47 | 0:22:50 | |
My first thought was, if they have so recently | 0:22:50 | 0:22:53 | |
spent good money on having it restored, | 0:22:53 | 0:22:55 | |
is there a hope, therefore, | 0:22:55 | 0:22:57 | |
that they can reclaim that | 0:22:57 | 0:22:59 | |
over and above what the value of the picture is? | 0:22:59 | 0:23:02 | |
And, sometimes, people are caught out | 0:23:02 | 0:23:04 | |
by believing that every time they spend | 0:23:04 | 0:23:06 | |
on some restoration or conservation, | 0:23:06 | 0:23:09 | |
it will automatically add value to the hammer price | 0:23:09 | 0:23:13 | |
in the case of the auction - that isn't always the case. | 0:23:13 | 0:23:17 | |
I would say, as a general rule, I'd normally advise against that. | 0:23:17 | 0:23:20 | |
If you're going to sell something, what people do like to see generally | 0:23:20 | 0:23:23 | |
is something that looks as though | 0:23:23 | 0:23:25 | |
-it's been hanging on a fireplace for 20 years. -Right. | 0:23:25 | 0:23:27 | |
I started on a negative, but just that would be the general advice. | 0:23:27 | 0:23:31 | |
Having said that, it does, as you say, | 0:23:31 | 0:23:33 | |
reveal what a strong image that is. | 0:23:33 | 0:23:35 | |
And walking towards it, as I did, and seeing it on the easel, | 0:23:35 | 0:23:38 | |
it really stands out as being a lovely composition. | 0:23:38 | 0:23:41 | |
It was a good image, lots of interest, well placed on the canvas. | 0:23:41 | 0:23:49 | |
So it was a lovely painting in its own right. | 0:23:49 | 0:23:52 | |
Now, the signature is not an easy one to read. | 0:23:52 | 0:23:55 | |
You don't know anything about the artist at all? | 0:23:55 | 0:23:57 | |
-Nothing at all. -Nothing at all. | 0:23:57 | 0:23:58 | |
I think it's by one of the Grebes, one of the Grebe family. | 0:23:58 | 0:24:01 | |
And, certainly, stylistically, | 0:24:01 | 0:24:03 | |
it looks very much late 19th-, early 20th-century Dutch School. | 0:24:03 | 0:24:06 | |
It is very much of that ilk. | 0:24:06 | 0:24:08 | |
Standing where I'm standing now, I can see the restoration. | 0:24:08 | 0:24:12 | |
-I can see this patch, particularly, here. -Right. | 0:24:12 | 0:24:14 | |
I'm not meaning to be too negative about it, | 0:24:14 | 0:24:16 | |
-just realistic about it. -Yeah. | 0:24:16 | 0:24:17 | |
It was quite a textured finish to the artwork. | 0:24:17 | 0:24:20 | |
But the restoration interrupted that. | 0:24:20 | 0:24:23 | |
It looked wrong, it looked thicker and it looked wrong, | 0:24:23 | 0:24:25 | |
and it had a sort of sheen to it | 0:24:25 | 0:24:27 | |
which was different to the rest of the painting. | 0:24:27 | 0:24:29 | |
I think we have to be realistic. | 0:24:29 | 0:24:31 | |
I think we've got to look at it as being 200-400, 300-500. | 0:24:31 | 0:24:35 | |
It may well be that I'm being too pessimistic about it. | 0:24:35 | 0:24:38 | |
But if you're happy to kind of bracket it somewhere in that region, | 0:24:38 | 0:24:42 | |
and I think then you've got sort of your holiday almost booked. | 0:24:42 | 0:24:45 | |
-And then anything else is a bonus. -On top of that, yeah, sure. | 0:24:45 | 0:24:48 | |
-Does that make sense? -Yeah. -Yes, yes, yes. | 0:24:48 | 0:24:51 | |
Having already spent £300 on restoration, | 0:24:51 | 0:24:54 | |
they needed the painting to make at least the top of that estimate. | 0:24:54 | 0:24:58 | |
So did Brian and Maria get the holiday they wanted? | 0:24:58 | 0:25:02 | |
At 320 on the net. 340. | 0:25:02 | 0:25:04 | |
360, do I see now? | 0:25:04 | 0:25:06 | |
I've got 340 on the net. At 340 in the UK. At 340. | 0:25:06 | 0:25:08 | |
360 in Holland. 380. At 380. At 380 bid. | 0:25:08 | 0:25:11 | |
-It could be going back to Holland. -At 380. | 0:25:11 | 0:25:13 | |
Keep clicking away. 400. £400 bid. At £400. | 0:25:13 | 0:25:16 | |
At 400. 420 now. | 0:25:16 | 0:25:18 | |
At £400. Net has it at £400. | 0:25:18 | 0:25:20 | |
We'll go to the telephones next, then. | 0:25:20 | 0:25:22 | |
420. 440. 460? | 0:25:22 | 0:25:25 | |
460, anyone, now? | 0:25:25 | 0:25:26 | |
460. At 460. 480. | 0:25:26 | 0:25:28 | |
500? £500, anyone? | 0:25:28 | 0:25:30 | |
500 on the telephone there. | 0:25:30 | 0:25:31 | |
At 500. 550 on the net. | 0:25:31 | 0:25:34 | |
Incredible. There's a battle between the telephone and the internet. | 0:25:34 | 0:25:37 | |
6 on the telephones. At 600 bid. | 0:25:37 | 0:25:40 | |
At 600. 650 now. 650. | 0:25:40 | 0:25:42 | |
700 now, may I say? £700, surely. 700 on the phone. | 0:25:42 | 0:25:46 | |
-Maria! £700. -750. | 0:25:46 | 0:25:48 | |
800, now, do I see from anyone? | 0:25:48 | 0:25:49 | |
Who's coming in first? At 800. | 0:25:49 | 0:25:51 | |
I have 750, commission bid has it. | 0:25:51 | 0:25:53 | |
800 on the telephones. At 800 bid. At 800. | 0:25:53 | 0:25:56 | |
-And 50 now. Telephone bid coming in... -Wow! | 0:25:56 | 0:25:59 | |
No? At 850 on the net, then. | 0:25:59 | 0:26:01 | |
1,000, now, do I see? | 0:26:01 | 0:26:03 | |
950 bid. 1,000, surely. | 0:26:03 | 0:26:04 | |
-Colin's working this very well. -Yes, it's brilliant. | 0:26:04 | 0:26:07 | |
1,000 on the telephone. Any more bids now? 1,100. 12? | 0:26:07 | 0:26:11 | |
Do I see 1,200? I do. 1,200 bid. 13 now. | 0:26:12 | 0:26:15 | |
It's not unlucky, you know... | 0:26:15 | 0:26:16 | |
-Someone's going home with a lot of money. -Yes. | 0:26:16 | 0:26:18 | |
..unless you don't bid. | 0:26:18 | 0:26:20 | |
1,300 bid. Thank you. 1,300. 1,400 now. | 0:26:20 | 0:26:23 | |
14, do I see? 1,400. 15 now, surely. 15? | 0:26:23 | 0:26:26 | |
1,500, may I say now? You know you need it. | 0:26:26 | 0:26:29 | |
At 1,400, then. At £1,400. We're on the phone. | 0:26:31 | 0:26:34 | |
You're out on the net, you're out in the room. Last call, then. | 0:26:34 | 0:26:37 | |
-£1,400. -Selling at £1,400. | 0:26:37 | 0:26:40 | |
-The hammer's gone down. Yes! -Brilliant. | 0:26:40 | 0:26:42 | |
Your husband had a good eye, didn't he? He liked that. | 0:26:42 | 0:26:45 | |
-He saw the value in that. -He did like it. | 0:26:45 | 0:26:47 | |
-That is marvellous. -Thank you. -Your first auction, £1,400. | 0:26:47 | 0:26:50 | |
I was so excited when there was so much interest about that painting, | 0:26:52 | 0:26:55 | |
because I did like that painting. | 0:26:55 | 0:26:57 | |
It was a very strong, dynamic picture. | 0:26:57 | 0:27:00 | |
I was delighted. | 0:27:00 | 0:27:01 | |
It obviously went to a good home and I'm really pleased. | 0:27:01 | 0:27:04 | |
Well, that exceptional result was due in no small part | 0:27:04 | 0:27:07 | |
to some excellent marketing by the auction room. | 0:27:07 | 0:27:10 | |
The painting of the Grebe | 0:27:10 | 0:27:12 | |
even attracted bidders from its homeland, the Netherlands. | 0:27:12 | 0:27:15 | |
Now, the question is, would Brian and Maria's painting | 0:27:15 | 0:27:18 | |
have fetched even more money if it hadn't been restored? | 0:27:18 | 0:27:23 | |
Well, we'll never know. | 0:27:23 | 0:27:25 | |
Now, here are a few things to consider | 0:27:25 | 0:27:28 | |
if you are thinking about restoration. | 0:27:28 | 0:27:31 | |
The decision on whether to restore often comes down to taste. | 0:27:32 | 0:27:36 | |
If you're keeping a piece, it needs to be aesthetically pleasing to you. | 0:27:36 | 0:27:40 | |
And, sometimes, that means conservation is necessary. | 0:27:40 | 0:27:44 | |
But bear in mind, restoration is not a cheap job. | 0:27:44 | 0:27:48 | |
It's an investment in its own right. | 0:27:49 | 0:27:51 | |
And if you're planning to sell, think carefully. | 0:27:52 | 0:27:55 | |
Because that outlay won't necessarily be returned at the auction. | 0:27:55 | 0:27:59 | |
Fortunately, the Grebe painting hit the market at the right time | 0:28:00 | 0:28:03 | |
and attracted international interest... | 0:28:03 | 0:28:06 | |
..which meant Brian and Maria got that long-planned holiday. | 0:28:07 | 0:28:11 | |
They took the whole family to Ibiza and had a fantastic time. | 0:28:12 | 0:28:16 | |
And that's what I call a result. | 0:28:16 | 0:28:18 | |
Well, that's it for today's show. I hope you've enjoyed it. | 0:28:20 | 0:28:22 | |
So, go on, get out there, get buying and have some fun with antiques, | 0:28:22 | 0:28:26 | |
and join us again soon for more Trade Secrets. | 0:28:26 | 0:28:30 |