Another exam in the morning and then over to my friend’s house again. Her dad died and there’s so much stuff it is a brainfuck. But she had an open house today hoping to shift things. I was really there as rentapal. No heavy lifting or anything. Just being upstairs if people were upstairs and being downstairs if they were down. And being a human friend who has her best interests at heart.
Listening to her I was impressed how she held her ground on prices. Everybody always wants a bargain. It’s why I stopped being interested in the antiques thing after taking all the time to educate myself. I realised that I didn’t like the story on either side. People gleefully tell you how they got the thing off some old lady, “she didn’t know what she had”. They tell these tales like they did something clever, giving some poor old woman fuck all for something worth loads. Not all dealers, of course. But too many.
Auction houses are better but there are too many people dying in London. You won’t get people taking job lots in this town as they won’t sell. Nobody has room for more stuff. Get out of town and it improves. It’s why I like Tennant’s In Leyburn. Diane told me one time about a truly precious vase they sold for millions that was on a windowsill in a house in York, unregarded. The joy she took in telling me was partly related to the fact that, in that case, it was spotted by an auctioneer not a dealer. So they sold it for the owner. Rather than got a bit sweaty on the back of the neck and said “Oh I might take that little vase off you, might get a few bob for it, how does fifty quid suit you?” The fact I won’t do that sort of thing though means that I am never gonna make real money from antiques. I’m either gonna end up with loads of stuff that belongs to someone else that I’m selling slowly over time, doing all the work and then taking a small percentage and swearing about it, or I’m gonna end up with a load of stuff I’ve bought for about what I can sell it for. You need space to do that sort of thing so it doesn’t just all end up in piles.
“He was our client for five years, and we always wondered how he hung all the pictures,” said a dealer today who came to the open house. “Now we know that he just… didn’t. It’s sad.” He was buying art at gallery price out of compulsion and piling it up. The prices he paid don’t speak of investment. It’ll be hard to get a fraction back of much of it. “Art is a solid investment,” I’ve been told many times, and my experience has almost never backed that up. Sure, buy a Picasso and it’ll gradually go up over time. But these galleries everywhere are flogging big pictures for big prices that you can’t get a return on – you’re gambling on the success of the artist of course. There’s the shot at insider trading if you know in advance which artists are gonna get pumped up out of college – (and you can usually read that).
I had a picture my dad bought from a Scottish gallery. He paid £450 back in the nineties. My half brother had tried to sell it at auction in London and it hadn’t made the £150 minimum. It was huge. I took it up to Tennant’s. It sold for £220. I was glad to be rid of it, but also aware that it was devaluing the guys work. I took another picture to Gorringes after someone offered me £100 on eBay and I took it down. I ended up seeing about £30 for that one. So even some auction houses suck.
If you want to sell anything for a good price, you need to be a fast talker with no scruples, or you need a shop and time. With that you can stick a high price on it and wait for the right person to walk in and love it. That happens. But rarely does it happen quickly. So the stuff accumulates in unregarded piles encroaching on our energy and time until eventually someone ruthless just hoiks the lot into the fire.
As I left I asked if I could have a particular overcoat. I lost mine. Now I have one again. Virtually unworn, but it fits great and will go with the waistcoat I have from another friend’s dead pa. I love it and it feels like a positive transfer between my friend and I, energy for energy, time for stuff, and a thing I will use and love come winter…