The New York Times reports on the recovery in the antiques market that seems to match the snap-back rally in the art market. Here’s what they saw at the Winter Antiques Show:
Hugh Jackman, Jon Bon Jovi (with his decorator), Martha Stewart and the mayor were shopping the floors of the various New York fairs, dealers and organizers reported. Stephanie Seymour Brant, now separated from Peter Brant, the publisher and paper magnate, kept the staff at the armory an hour past closing on Jan. 24 as she bought jewelry, according to Catherine Sweeney Singer, executive director of the Winter Antiques Show.
Attendance at the show was up roughly 20 percent, to at least 22,000. Sales were strong throughout its 10-day run, as opposed to what is usually just an opening-night rush, and major purchases were made as the show ended on Jan. 31 at 6 p.m.
“People are tired of being frugal,” said Peter Finer, an English dealer in arms and armor. He said he sold more than $1.5 million in goods at the show. (A good suit of armor will put you back substantially more than a good wool suit: generally in the low six figures.)
Signs of Rebound in Antiques Market (New York Times)
