20 Feb 2020
October 30, 2017 - Filed under: Selling Antiques — Richard

If an old item has been owned by a historical figure or part of a historical event, it will likely have a high value.

An antique desk used by the Irish poet, WB Yeats was recently sold at Sotheby’s auctions for £150,000, five times its top estimate of £30,000.

The bureau desk was frequently used by Yeats to write his correspondence. The desk is reasonable quality, but would not be worth nearly as much as £150,000 without its historical association.

Letters written in 1912 usually not worth thousands at antique auctions, but one of the last letters written on the Titanic before it sunk was recently sold at auction for £126,000. It was written by passenger Alexander Oskar Holverson, on 13 April 1912, the eve of the Titanic hitting the iceberg. The letter was later found on the deceased passenger’s body.

An item does not have to be an antique to fetch a good price. Elvis Presley’s private jet was sold for $430,000. It had been sitting on an old runway in Roswell, New Mexico for 35 years. The buyer was faced with the difficult job of removing it as, with no engines, it was unflyable.

Most Lancashire residents are not necessarily looking to buy antique chairs or antique dining tables at antique shops because of their historical importance, but for the way high-quality antiques can enhance the home. Quality antiques are a lot less expensive than an Elvis Presley airplanes or Yeats’ desk.

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