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How Can a Watch Worth $100 in 1841 be Worth 250k Today?
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<p>[QUOTE="Drew, post: 823695, member: 3235"]It all goes to show that realized prices are so often not about the actual item itself, but who may have owned it. Provenance of objects is becoming more sketchy as time goes by - there is so much money to be made, folks get very creative with documents...museums and auction houses are fooled often. In the 90's I met a person who had been convicted of creating documents for high end art provenance of faked paintings - he spent seven years in prison. Claimed he knew a dozen people who made their living doing this in the 60's -70's in New York city.</p><p> Of course there are plenty of authentic antiques with real documentation of past ownership - but I never understood folks paying obscene amounts of money for them. If someone famous handed me something of theirs, I'd cherish it and sleep well knowing it's history.[/QUOTE]</p><p><br /></p>
[QUOTE="Drew, post: 823695, member: 3235"]It all goes to show that realized prices are so often not about the actual item itself, but who may have owned it. Provenance of objects is becoming more sketchy as time goes by - there is so much money to be made, folks get very creative with documents...museums and auction houses are fooled often. In the 90's I met a person who had been convicted of creating documents for high end art provenance of faked paintings - he spent seven years in prison. Claimed he knew a dozen people who made their living doing this in the 60's -70's in New York city. Of course there are plenty of authentic antiques with real documentation of past ownership - but I never understood folks paying obscene amounts of money for them. If someone famous handed me something of theirs, I'd cherish it and sleep well knowing it's history.[/QUOTE]
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