24 Jul 2017
March 13, 2014 - Filed under: Arts and Crafts Furniture,Auctions — Richard

Four decorative panels that were recently discovered in the bungalow of a Dorset pensioner have sold at auction for more than half a million pounds.

The panels, which are covered in Chinese artwork, were originally valued at around £300 but eventually sold for £516,600.

Their owner was a widower who had recently moved into a care home. His daughter and son asked a valuation expert from Charterhouse Auctioneers in Dorset to visit the bungalow, to look at some of the items there.

Two of the porcelain panels were discovered hanging on the walls, while the others had been packed away and stored beneath the bed. The panels were brought to the UK from the Far East by the pensioner’s father during the 1960s. After Richard Bromell, the valuation expert, placed the four panels together, he realised that they portrayed the four seasons depicted in mountain scenes.

During the period leading up to the sale, Bromell had carried out some research into the pieces and spoken to dealers of Chinese art. However, when he received very little interest in the panels, he placed the estimated value of £300 on them.

During the auction, bidding rose rapidly to the final bid of £420,000. The buyer’s premium increased the final selling price to £516,600.

Due to premiums and the uncertain nature of public sales, antique furniture and other items bought at reputable dealers will possibly cost far less than at auction, which includes antique bedroom furniture. Many such dealers can be discovered in Blackburn.

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