RHEA FEIKIN: COMING UP ON

CHESAPEAKE COLLECTIBLES .

COLLECTOR: THAT'S REALLY

AMAZING.

BILL SHAEFFER: YEAH.

IT'S IN PERFECT SHAPE.

COLLECTOR: THAT'S LUCKY BECAUSE

MY WIFE USED TO USE IT TO

COLLECT PAPER CLIPS

AND RUBBER BANDS.

COLLECTOR: THE SCULPTOR IS

LIEBERICH.

EDGARD MORENO: AND HE ACTUALLY

IS WELL KNOWN.

WHAT DID YOU PAY?

COLLECTOR: I PAID ABOUT $400

I THINK.

RAAB CHRISTHILF: IT'S A LUXURY

ITEM OF THE LATE 19TH CENTURY

WHERE THEY HAD LEISURE,

WHERE OPLE WOULD BE ABLE TO

SPEND TIME HAVING FUN.

LEX REEVES: IT'S AS GOOD AS

THE ARTIST GETS.

IT'S A GREAT PROVENANCE.

IT'S BEAUTIFUL COLORS.

IT HAS BEAUTIFUL COMPOSITION.

EVERYTHING ABOUT IT'S GREAT.

COLLECTOR: MY DADDY IS LOOKIN'

DOWN SMILIN'.

CLOSED CAPTIONING HAS BEEN MADE

POSSIBLE BY MARYLAND RELAY,

EMPOWERING THOSE WHO ARE DEAF,

HARD OF HEARING

OR SPEECH DISABLED

TO STAY CONNECTED BY PHONE.

ANNOUNCER: MAJOR FUNDING IS

PROVIDED BY:

TURF VALLEY LOCATED ON 1000

ACRES, A DESTINATION RESORT

FOR WEDDINGS, BUSINESS MEETINGS,

AND SPA AND GOLF GETAWAYS.

INFORMATION AT 410-465-1500

AND TURFVALLEY.COM

COSMETIC AND ADVANCED DENTISTRY.

OUR MISSION IS PROVIDING

CUSTOMIZED CARE THAT HELPS

CREATE PRIDE AND CONFIDENCE IN

OUR PATIENTS BY RESTORING THEIR

SMILES.

MORE INFORMATION AT

COSMETICDENTISTBALTIMORE.COM

SINCE 1924,

ALEX COOPER AUCTIONEERS HAS BEEN

SERVING THE MID-ATLANTIC STATES,

FEATURING MONTHLY GALLERY

ANTIQUE AUCTION SALES.

OUR STAFF CAN ASSIST CLIENTS

WITH T DISPOSITION OF THEIR

VALUED POSSESSIONS.

ALEX COOPER AUCTIONEERS.

[BACKGROUND NOISE]

RHEA FEIKIN: WELCOME BACK TO

CHESAPEAKE COLLECTIBLES .

THIS SEASON WE COME TO YOU

FROM TURF VALLEY RESORT IN

ELLICOTT CITY.

AND WE COULDN'T BE HAPPIER.

THROUGH THESE ANTIQUES,

AND YOUR STORIES,

HISTORY COMES ALIVE AND WALKS IN

THE FOOTSTEPS OF A GREAT

GRANDFATHER, A DISTANT AUNT,

OR MAYBE AN ECCENTRIC FAMILY

FRIEND.

ALL ILLUMINATE HOW PERSONAL

HISTORY AND WORLD EVENTS

INTERSECT IN TIME SHAPING OUR

SHARED LEGACY AND OUR PRIVATE

LIVES TOO.

LET'S SEE WHAT LUCK AND CHANCE

HAVE BROUGHT US TODAY.

LEX REEVES: WELL I'M VERY

EXCITED THAT YOU BROUGHT THIS

BEAUTIFUL PAINTING TO

US TODAY.

COLLECTOR: THANK YOU.

LEX REEVES: CAN YOU TELL ME

SOMETHING THAT YOU KNOW ABOUT

IT AND EDUCATE US HERE.

COLLECTOR: WELL THE PAINTING

BELONGED, IT'S BEEN HANGING OVER

MY DADDY'S DESK...

LEX REEVES: OKAY.

COLLECTOR: FOR PROBABLY

30 YEARS.

HE HAD AN AIRPLANE HE FLEW TO

CALIFORNIA TO MEET SOME FRIENDS.

LEX REEVES: OKAY.

COLLECTOR: WHO TOOK HIM TO

AN ART GALLERY WHERE HE

PURCHASED THIS.

SO ALL THESE YEARS IT'S HUNG

THERE.

LEX REEVES: OKAY.

COLLECTOR: UNTIL WE LIQUIDATED

THE HOUSE.

WE TOOK IT DOWN AND THERE WAS A

LETTER ON THE BACK OF IT IN MY

FATHER'S BUSINESS STATIONARY.

THAT HE PAID $2,500.

TT WAS BALBOA BAY,

IS THE NAME OF IT.

WHICH WE NEVER KNEW.

LEX REEVES: OKAY.

COLLECTOR: AND THOMAS L.

HUNT WAS THE ARTIST.

LEX REEVES: OKAY.

YOU'D SAID ALSO THAT YOUR

FATHER WAS IN THE

CONSTRUCTION BUSINESS.

COLLECTOR: YES.

LEX REEVES: WHICH IS KIND OF

INTERESTING IN THAT THE ARTIST

STARTED OUT AS BUILDING AND

ACTUALLY WAS ONE OF THE

INSTRUMENTAL DEVELOPERS OF

HOLLYWOOD HILLS AND PART OF

LOS ANGELES.

COLLECTOR: WOW.

LEX REEVES: SO HUNT WAS

ACTUALLY, I'D CALL HIM AN

AMATEUR PAINTER.

HE PAINTED,

DIDN'T TAKE ANY LESSONS.

JUST LIKED PAINTING.

SO LATER IN LIFE AS HE BECAME

MORE SUCCESSFUL AND COULD AFFORD

TO JUST PAINT HE DECIDED HE WAS

JUST GOING TO BE A PAINTER.

HE MOVED TO LAGUNA AND HE

FOUNDED THE LAGUNA BEACH ART

ASSOCIATION AND WAS ONE OF THE

DRIVING FORCES TO OPEN UP THE

LAGUNA BEACH ART MUSEUM.

SO HE WAS INSTRUMENTAL IN THAT

AREA AS AN ARTIST AND AS A

SUPPORTER OF THE ARTS.

WHAT'S NICE ABOUT THIS,

SEVERAL THINGS:

1) IT'S CONDITION IS GOOD,

AND WE'RE GONNA TALK ABOUT SOME

LITTLE THINGS ABOUT WHAT YOU

MIGHT NEED TO DO.

COLLECTOR: YEAH.

LEX REEVES: CONDITION

IS GOOD.

IT'S UNLINED, MEANING IT HASN'T

BEEN CONSERVED BEFORE.

IT'S A GREAT SUBJECT MATTER AND

IT'S ALSO LOCATED.

AND I GET REALLY EXCITED ABOUT

PAINTINGS WHEN YOU CAN KNOW

WHERE.

COLLECTOR: WHERE.LEX REEVES: SO BALBOA BAY
,

WHICH IS NEAR MONTEREY,

THERE IS A HUGE COMMUNITY OF ART

COLLECTORS IN CALIFORNIA.

COLLECTOR: YEAH.

LEX REEVES: THAT ARE BULLISH

ABOUT CALIFORNIA ART IN

GENERAL.

BUT WHEN YOU GET A LOCATION,

THE RECORD PRICES FOR THIS

ARTIST HAVE BEEN FOR LOCATION

BASED PAINTINGS OF THE BAY,

AND ALSO OF SHIPS AND EXACTLY

WHAT YOU HAVE HERE.

COLLECTOR: YEAH.

LEX REEVES: OF A HARBOR.

SO WITH ALL THOSE FACTORS IT

MAKES IT A PRETTY SPECIAL

PICTURE.

NOW WHEN HE BOUGHT IT,

WHEN DID HE BUY IT?

COLLECTOR: WE THINK IT

WAS 1980.

LEX REEVES: WELL $2,500

IN 1980 WAS PROBABLY ABOUT

THE GOING MARKET FOR THIS

ARTIST.

COLLECTOR: YEAH.

LEX REEVES: SINCE THEN,

THINGS HAVE CHANGED.

CALIFORNIA REGIONALISM,

OF WHICH THIS FALLS INTO,

HAS BECOME EXTREMELY POPULAR.

IT'S COLLECTED PRIMARILY BY

CALIFORNIANS NOT THE WEST,

NOT THE EAST COAST.

COLLECTOR: YEAH.

LEX REEVES: THERE'S A STRONG

MARKET.

THE SIZE OF THIS,

HIS STANDARD SIZE IS 28 X 30

OR 32.

THIS IS ABOUT WHAT HE

USUALLY DID.

SOME OF THE WORKS THAT HAVE GONE

THROUGH THE MARKETPLACE,

THAT ACTUALLY ARE NOT REALLY

COMPARABLE,

BUT HAVE DONE VERY WELL,

ARE DARKER, NOT AS ATTRACTIVE.

COMPOSITIONALLY THEY'RE MUDDLED,

LOTS GOING ON.

THIS ONE HAS WHAT I LIKE TO CALL

A VISUAL AMBULATORY.

YOU HAVE A FOCAL POINT WHICH IS

THE SHIP.

COLLECTOR: YEAH.

LEX REEVES: SEE THE EYE GOES TO

THE SHIP AND THEN IT COMES

UP AND IT KINDA WALKS

YOU THROUGH,

HENCE AN AMBULATORY WALK

THROUGH...

COLLECTOR: YEAH, YEAH.

LEX REEVES: WITH YOUR EYE.

IT'S A VERY SUCCESSFUL

COMPOSITION.

THE COLOR'S REALLY GOOD.

SOME OF THE WORKS HE DID WERE

KIND OF DARKER TONES.

COLLECTOR: I'VE LOOKED.

LEX REEVES: AND THE RECORD

PRICES, THE BEST PRICES,

ARE FOR BRIGHTER,

CRISPER COLORS JUST LIKE THIS.

COLLECTOR: YEAH.

LEX REEVES: SO...

COLLECTOR: HAPPIER.

LEX REEVES: EXACLTY.

THE WORKS THAT I CAN RELATE IT

TO IN THE MARKET,

THERE ISN'T ANYTHING EXACTLY

LIKE THIS COMPOSITIONALLY,

THERE ARE SOME SIMILARITIES.

I THINK CONSERVATIVELY AT AN

AUCTION IN CALIFORNIA YOU'RE

LOOKING AT AN ESTIMATE OF

$40,000 - $60,000.

HOWEVER,

I THINK BECAUSE IT'S LOCATED

BALBOA,

THAT IT EASILY COULD EXCEED

$60,000 AND MOVE UP INTO THE LOW

SIX FIGURES.

IT'S POSSIBLE.

YOU GET ENOUGH COMPETITION AND

PEOPLE ARE INTERESTED IN THAT

PARTICULAR AREA WHICH I THINK

THERE WILL BE.

COLLECTOR: YEAH.

LEX REEVES: IT COULD REALLY

TAKE OFF.

NOW IN TERMS OF CONSERVATION,

I'LL QUICKLY JUST TALK ABOUT IT.

YOU HAVE SOME DISADHERENCE OF

PAINT ON THE SURFACE.

COLLECTOR: WHAT CAUSES THAT?

LEX REEVES: WELL IT LOOKS LIKE

THIS ARTIST PAINTED A PAINTING

UNDERNEATH FIRST AND WENT

OVER IT.

COLLECTOR: OH, OKAY.

LEX REEVES: SO THE PROBLEM IS

THE SECOND LAYER IT'S NOT FUSING

ITSELF TO A WOVEN CANVAS.

IT'S SITTING FLAT ON TOP OF OIL

PAINT.

COLLECTOR: OKAY.

LEX REEVES: SO WHEN YOU HAVE

IT CONSERVED,

IF IT HAD BEEN STRAIGHT TO THE

BACK THEY WOULD HAVE FUSED A WAX

LINING ON THE BACK AND TRIED TO

GET THE WAX TO COME THROUGH TO

BASICALLY ADHERE THE LOOSE

PAINT.

IT'S GONNA HAVE TO BE TREATED

FROM THE FRONT AND THAT'S A

LITTLE MORE DIFFICULT.

THEY'LL HAVE TO BASICALLY APPLY

ADHESIVE MICROSCOPICALLY AND LAY

IT DOWN THEN PAINT,

BUT IT CAN BE DONE.

BUT IT'LL BE A LITTLE MORE

DIFFICULT.

BUT AGAIN,

I THINK IT'S AS GOOD AS THE

ARTIST GETS.

IT'S A GREAT PROVENANCE.

IT'S COLORS.

IT HAS BEAUTIFUL COMPOSITION.

EVERYTHING ABOUT IT'S GREAT.

SIZE.

SO YOU SHOULD BE PLEASED TO HAVE

IT AND THANK YOU VERY MUCH FOR

BRINGING IT.

IT'S ON THE OF THE PRETTIER

PAINTINGS THAT'S COME IN.

COLLECTOR: MY DADDY'S LOOKING

DOWN SMILING.

LEX REEVES: OH THAT'S GREAT.

THANKS VERY MUCH.

COLLECTOR: THANK YOU.

RAAB CHRISTHILF: WELL YOU'VE

TOLD ME WONDERFUL THINGS ABOUT

THIS TABLE THAT YOU BROUGHT IN.

TELL US WHAT YOU KNOW.

COLLECTOR: WHAT I KNOW IS I

BOUGHT THIS TABLE IN 1986 IN

ISTANBUL IN AN ANTIQUE SHOP.

AND I WAS FASCINATED BY THE

INLAY WHICH I LEARNED WAS

BASICALLY SYRIAN,

LATE 19TH CENTURY.

PROBABLY MADE BY JEWS IN ALEPPO.

RAAB CHRISTHILF: IT IS A

BEAUTIFUL PIECE.

THE INLAY IS MOTHER OF PEARL,

IVORY,

AND ALL SORTS OF EXOTIC WOODS.

IF YOU'D LIKE TO TWIST IT AND

SHOW THEM HOW IT OPENS...

COLLECTOR: YES.

RAAB CHRISTHILF: THAT WOULD BE

GREAT.

COLLECTOR: NOW THIS WOULD BE IF

YOU WERE PLAYING CARDS.

FOR FOUR GENTLEMAN PRESUMABLY

IN ISTANBUL.

BUT THERE ARE OTHER GAMES YOU

CAN PLAY WITH THIS TOO.

FOR EXAMPLE,

IF YOU WANT TO PLAY CHESS,

THERE'S THE CHESS BOARD.

RAAB CHRISTHILF: NOW WHAT'S

INTERESTING IS THAT THIS BOARD

COMES OUT AND FLIPS DOWN OVER

TO REVEAL INSIDE A

BACKGAMMON BOARD SO THAT YOU

COULD PLAY CARDS, BACKGAMMON,

OR CHESS, OR CHECKERS ON THIS.

COLLECTOR: YES.

RAAB CHRISTHILF: WHAT'S

INTERESTING IS IT'S A

LUXURY ITEM.

COLLECTOR: MAKES SENSE.

RAAB CHRISTHILF: THIS IS

EMBLEMATIC OF THE LATE 19TH

CENTURY WHERE THEY HAD LEISURE.

WHERE PEOPLE WOULD BE ABLE TO

SPEND TIME ESSENTIALLY HAVING

FUN.

YOU KNOW,

THIS IS AN INTERESTING THING.

NOW THIS IS CALLED INTARSIA.

COLLECTOR: INTARSIA.

RAAB CHRISTHILF: IS THE

TERM.

INTARSIA IS THE TERM FOR A

WOODEN MOSAIC.

THIS WORK IS TO BE FOUND

THROUGHOUT THE MIDDLE EAST.

THIS IS KNOWN IN SYRIA

ESPECIALLY.

BUT IT ECHOES THE SAME KIND OF

WORK THAT'S DONE IN THE MOSAICS

IN THE MOSQUES.

THIS ATTENTION TO DETAIL,

THESE SMALL GEOMETRIC DESIGNS.

SOME OF THESE INLAYED AREAS

HERE, THE WAY THEY WOULD MAKE

THEM IS TO TAKE A BUNDLE OF

COLORED WOOD AND THEY WOULD

GLUE THEM TOGETHER IN A

LONG PIECE.

AND THEN CUT THE PIECES.

COLLECTOR: I SEE.

RAAB CHRISTHILF: LIKE BREAD.

COLLECTOR: YES.

RAAB CHRISTHILF: CUT LITTLE

PIECES AND THEN GLUE THEM IN.

MANY OF THEM WERE NOT

INDIVIDUALLY PUT IN.

WHAT'S ALSO INTERESTING IS THAT

IT HAS SOME MIDDLE EASTERN

MOTIFS BEYOND THE WOOD ITSELF

AND BEYOND THE DESIGNS.

HERE YOU SEE A MIHRAB.

A MIHRAB IS A PRAYER NICHE THAT

IS FOUND IN THE MIDDLE EAST.

COLLECTOR: AH, YES.

RAAB CHRISTHILF: ON THEIR RUGS.

YOU'D FIND THIS BECAUSE THAT'S

WHERE THEY WOULD BOW TO PRAY TO

MECCA.

SO IT'S A WONDERFUL EXAMPLE OF

SYRIAN WORK OF LATE 19TH CENTURY

LUXURY.

A BEAUTIFUL WORKMANSHIP.

UNFORTUNATELY,

VALUE IS DIFFERENT THAN IT WAS

BEFORE.

HAVE YOU HAD IT LOOKED AT

BEFORE?

COLLECTOR: NO I HAVE NOT.

NEVER.

RAAB CHRISTHILF: OKAY.

SINCE 2008 OUR MARKET HAS

DROPPED PRECIPITOUSLY.

I DID FIND EARLIER EXAMPLES,

2007,

THE HIGH WATERMARK WAS A

$10,000 TABLE.

SOTHEBY'S SOLD IN 2007.

TODAY'S MARKET YOU'D PROBABLY

GET $1,500 - $2,500

IS WHAT YOUR MARKET WOULD BE.

COLLECTOR: THAT'S MORE THAN I

PAID FOR IT.

RAAB CHRISTHILF: WELL THERE

YOU GO.

THERE YOU GO.

THAT'S A WONDERFUL THING.

THANK YOU FOR BRINGING IT IN.

COLLECTOR: THANK YOU VERY MUCH.

RHEA FEIKIN: THE RECENT

RECESSION HIT THE ANTIQUES

MARKET JUST LIKE IT DID THE

OTHER MARKETS LIKE REAL ESTATE

AND AUTOMOTIVE.

BUT WHAT WAS THE ANTIQUES MARKET

BEFORE 2008 AND WHAT'S HAPPENING

NOW.

LISTEN IN AS TWO OF OUR STAR

APPRAISERS AMORY LECUYER AND LEX

REEVES TALK ABOUT WHERE THE

MARKETS BEEN AND WHERE IT'S

LIKELY HEADED.

AMORY LECUYER: ONE OF THE THINGS

THAT I THINK PEOPLE ARE

INTERESTED IN IS HOW MARKETS

HAVE BEEN AFFECTED BY

RECENT ECONOMIC CHANGES BY

ISSUES THAT SURROUND LIFESTYLE.

LEX REEVES: SURE.

AMORY LECUYER: WHAT HAVE YOU

SEEN IN YOUR PART OF THE

BUSINESS?

LEX REEVES: WELL I'VE CERTAINLY

SEEN A SHIFT FOR THE ITEMS THAT

ARE UNDER LET'S SAY $100,000.

THERE'S BEEN A MOVE,

THE TOP 1% OF THE MARKET IS

DRIVING PRICES INTO THE MILLIONS

OF DOLLARS.

AMORY LECUYER: RIGHT.

LEX REEVES: SO WE HEAR OF $120

MILLION FOR A PAINTING THE

RECORD NOW IS $250 MILLION FOR

A PRIVATELY SOLD PAINTING.

BUT WHAT'S HAPPENED IS BECAUSE

THE ECONOMY,

THE WAY IT IS SINCE 2008 I'D

SAY,

THE LOWER END OF THE MARKET,

SO ITEMS IN THE LET'S SAY

$1,000 TO $100,000

RANGE HAVE TAKEN A CERTAIN HIT.

THEY'RE, THE MARKETPLACE HAS

MOVED A LOT OF YOUNGER PEOPLE

THAT WERE COLLECTING OUT.

PEOPLE THAT COULD AFFORD TO

SPEND $10,000, $20,000

A YEAR ON AN ITEM ARE NOW

FOCUSING ON THEIR OWN FINANCES.

EDUCATING CHILDREN.

AMORY LECUYER: RIGHT.

AND YOU KNOW WE'RE SEEING THIS

IN A TIME WHERE THERE'S AN

ENORMOUS AMOUNT OF MATERIAL

THAT'S COMING ON THE MARKET

BECAUSE OF THE GENERATIONAL

SHIFTS EITHER DUE TO ESTATE

PURPOSES.

LEX REEVES: SURE.

AMORY LECUYER: OR FOR YOU KNOW

THE PERSON WHO'S BEEN LIVING

IN THE 20 ROOMOME MOVING...

LEX REEVES: RIGHT.

AMORY LECUYER: INTO AN

ADULT COMMUNITY.

WHERE THEY'RE GONNA HAVE FOUR

ROOMS.

LEX REEVES: SURE.

AMORY LECUYER: I KNOW FROM

HEIR PERSPECTIVE IT'S BEEN A

SHIFT AS MUCH IN

LIFESTYLE AND STYLE WHERE

YOUNGER PEOPLE ARE MOVING AWAY

FROM THE DECORATING STYLES THAT

THEY MAY HAVE GROWN UP IN AND

AROUND.

YOU'VE SEEN THAT AS WELL?

LEX REEVES: ABSOLUTELY.

THERE'S A MOVE TOWARD

MID-CENTURY MODERN TO MORE

MODERNISM.

THE 19TH, 18TH CENTURY THAT WAS