Michael’s Blog

We’ve had a brief mention in a print article in a local publication that came out today. It’s interesting, because, although we were extensively quoted, our consideration of the antiques trade is overshadowed by the blather of another dealer who is a known blowhard. Sadly, he’s one of those folks who is less eager to sell his material than he is to tell you how much his inventory cost him to purchase. Between ourselves, we believe he’s actually demented, but this isn’t the point of the blog.

As so often happens, the article coincided with a gallery visit from a gentleman who we’ve seen from time to time over the last year or so. A property developer, he’s done okay and currently, while possibly not thriving, seems to be holding his own. He’s made the occasional small purchase from us, with his interiors designed by one of the up and coming designers. He’s chatted to us before about the fine and decorative arts we offer, and we have the strongest sense that he would love to move toward a measure of connoisseurship. His business background doesn’t leave him, of course and, though he wants to buy something that is aesthetically pleasing into which he can also achieve a measure of intellectual satisfaction, whatever he buys has to represent value for money. This, of course, is when we start to discuss art and antiques as fungible commodities. As a property developer familiar with appraisals, the notion of market value comparisons has a particular resonance within this discussion. It dawned on me as we were having this discussion that the components of market value, intelligently arrived at, have been a consistent entre in our beginning discussions with private clients who aimed to become serious collectors.

For someone not in business, the business of business may seem dry as popcorn, but no one who is successful in any endeavor does not pursue it with a degree of passion that feeds something in them other than a desire for monetary gain. Frankly, we’ve never seen anyone who has been successful in anything that did it just for the money. Consequently, Keith and I, with backgrounds in finance, are fortunate in that we’re able to speak the language of a number of people who, despite being well-heeled, would otherwise be at sea in the world of connoisseurship.

Back to our demented colleague, he was quoted as saying something along the line of how some dealers’ material may be expensive, but successful people who’ve worked hard owe themselves fine art and antiques. I wonder if he ever tells any prospective buyer that. Perhaps he does, and I suspect what he ends up with are the types of transaction-oriented parvenu who would, on another day, purchase a flashy car. Interestingly, our property developer client drove up the other day in- wait for it- a Chevy Impala, albeit a new one.

Walking to work this morning, I noticed a bit of doggerel painted on the sidewalk ‘Know Obama Know Marx’. Someone had made some effort to do this, as the lettering was carefully stenciled in red paint. 20 years on from the fall of the Berlin Wall, I feel a bit of nostaligia for the Cold War, and who under the age of 50 has even heard the phrase ‘red baiting’, much less knows what it means.

What’s happened today, with the chairman of GM resigning the result of pressure from the White House will cause those who would like to paint the president red screaming about controlled economies and fearful of the president’s tax and spend agenda that will so completely redistribute wealth. As someone well into his sixth decade, I have to say I look forward to the fruits of that most massive redistribution of wealth perpetrated by that other red president, Franklin Roosevelt. I’m referring, of course, to Social Security. For me, the mixed economic system we’ve enjoyed in this country for 8 decades seems just fine.

Frankly, top executives at General Motors- and that includes union officials- as with the banks, should get what’s coming to them. President Obama, as the people’s elected chief executive, should be the hatchet man. It is astonishing to me that, up to this point, GM’s stockholders have not arisen insisting on a clean slate. But, on second thought, there must be some sort of commercial and ecological myopia that afflicts GM stockholders. That must be it, otherwise GM’s single-mindedness in stamping out SUVs and pickups- products that for years could not be justified either commercially or ecologically- cannot be explained.

With all that, the slash and burn mentality seems to be pervasive within corporate governance. Does anyone do any strategic planning anymore? As the money center banks were packaging subprime mortgage loans, did they honestly believe that the actual performance of those loans would never be an issue? Returning to GM for a moment, emblematic of all smokestack industries, who that works there does not believe that environmental spoliation is not an issue? It seems clear that companies generally are managed from quarter to quarter (or more precisely, from bonus period to bonus period), with the devil, then, taking the hindmost. Unfortunately, the hindmost, consisting of a world on the edge of disaster, affects all of us, including those who profited inordinately. What do they say to themselves to justify behavior that has left global conditions in shambles? Where will they go to avoid the upshot of their actions? What do they tell themselves? What do they tell their children? These people must have physical access to some earthly oasis of which the rest of us are unaware.

Unfortunately, there exists now a term- I’ve heard it for years, but now hear it frequently- that describes the mindset the upshot for which we are all now paying: ‘mindless capitalism’. Mind you, I consider myself what’s termed a classic liberal, by which is meant a capitalist who maintains a mindset of enlightened self-interest- what’s good for me in the short run, if it is not good for others and/or good in the long run, is actually bad for me. What is of lasting benefit is, ultimately, good for me, too. Maintenance of this type of outlook requires critical, reflective thinking- something that doesn’t seem to even occur to most people- with rather sad consequences when this sort of thinking is not employed in business. Classic liberalism, moreover, probably doesn’t work as well for those with mortgages to pay on 10,000 square foot primary residences and payments to make on $125,000 cars. With all that, the government intervention in business, coupled with tax changes necessary to pay for it, seems to some like a nationalization, precedent, then, to a wholesale redistribution of capital as part of a movement toward a planned economy.  I don’t buy that. In my view, the government has lately only been trying to extinguish the economic firestorm brought about by mindless capitalism.

From what I read, a factor driving the current stock market rally is the spike since the first of the year in home sales- both new and existing. One pundit was quoted as saying that more homes turned over because of ‘aggressive’ (his term) seller pricing.

Well, gee…given how explosively housing prices had appreciated between 2001 and 2007, is it any wonder that some significant moderation has occurred? Simplistic, of course, but we’ve all seen bull real estate markets that are then followed by some correction. I’ve seen four- 1982, 1990, 2001, and now.  With all that, within sight of San Francisco- still a strong market- the desirable, close-in, built-out areas are holding steady or appreciating. The remote areas- by which I mean green-field developments, beyond public transportation, services, and anything other than basic infrastructure- are still suffering, but not as much as they were. Granted, the median home price locally is declining, but this has more to do with the fact that it is mostly relatively inexpensive homes that are on the market, naturally skewing the median price downward. My good friend and San Francisco residential real estate guru Greg Normart tells me that, for better residential properties he has many more buyers than he has sellers. The why of this, too, is simple- those better heeled sellers in the 7 and 8 figure properties are not, in the main, of a mind to sell possibly for less than they might wish in what is touted as a slow market.

When expensive homes are either being built or trading hands in fairly large numbers, we see our business, if not burgeon, at least expand. The first thing that starts to move in our regular stock of English antiques is dining room furniture- dining tables, sets of dining chairs, and sideboards. Although our craftspeople have told us that their clients tend to ease into projects with an increasing number of small orders, ours go what appears whole hog. Conversely, when fewer large houses are trading hands, it is the accent pieces- small tables, mirrors, object d’art- that sell.

Stay tuned, then- we’ll alert you to the running of the dining tables.

Another opus from Jack Tremper

Working in a high-end English antiques gallery is unique.  It’s like many other places in that we have work stations complete with computers and even a water cooler in the back, but instead of a cubicle we are instead surrounded by rare and costly pieces of furniture and works of art.  I remember remarking to a friend once that I felt as if I were working in a museum.  In some ways we are like a museum, except that all of our pieces are for sale.

Thankfully, this thinking soon disappeared as I became more comfortable in the showroom and less worried about knocking something over while vacuuming or scratching a piece while dusting.  Not to mention, the near daily saying by Mr. Chappell of “this isn’t a museum” in response to some less-engaged browsers (‘looky-lous’ as we call them) coming through the gallery reminds me that everything is for sale and if the gallery were a museum, we’d surely charge an admission fee.

In saying this, I’ve come to realize it’s a terrible idea to look at period furniture only as historical items or pieces to admire.  We certainly have many things that are undoubtedly museum-quality, but the pieces that we deal in are far more than nice looking old furniture; they are practical pieces that were created to be used.  If it’s a chair – sit in it.  If it’s a table – work, eat, or, at the very least display something on it.

Through a few interactions with clients, it’s become evident that I’m not the only one adjusting away from a “museum” mentality.  I have seen numerous clients or potential clients hesitate before sitting down in our pair of giltwood George III John Linnell salon chairs.  It’s not just me noticing the hesitation in their body language, but they actually ask if it is alright to sit in these chairs.  And of course we let them know that it is fine that they sit in them and in fact we encourage it.

Sitting in these chairs helps to see that they are not just for decoration or collecting, but they actually are quite comfortable to sit in.  I don’t know if our visitors find it surprising that these chairs are reasonably comfortable but they shouldn’t because the chairs were made with the intention of being sat on and I’d hope our clients see this aspect as well as continue to enjoy how they look.

Though, I suppose, the idea of sitting in one of a pair of chairs with a price of $88,000 takes some getting used to but the fact of the matter is that a chair is for sitting.  And an antique chair is for both sitting and admiring.

MSN has a news story online this morning citing various idiosyncratic measures of economic recovery. Given last year’s crash that caught even Warren Buffet unawares, these grass-roots gauges- including spikes in expensive cupcake sales- are as valid as a measure of economic strength, or continued doldrums, as anything else.

Even we have some measures that we use to gauge, if not overall economic performance, than at least what our own business portends. No one will be surprised to learn that we track hits on our website very carefully. What might come as a surprise, however, is that we don’t find any connection between an overall spike in site hits and a spike in sales. What we find more significant is when during the week that we have site hits. For instance, if we see quite a disproportionate amount of our internet activity occurring on the weekends, we believe that it is people surfing with no particular objective in mind, beyond general interest. Oddly, we engender our greatest number of website-related inquiries during this time- my Monday morning is given over to responding to these- but our rate of sales based on weekend inquiries is quite low. If, on the other hand, our site hits are greater during the working week, we find that this generates a significant amount of business both from private clients and interior designers. Moreover, we find that browsers with money to spend also take the time to browse during the week- not at the weekend. This certainly makes sense considering interior designers: their legwork, including all shopping trips, even to virtual shops on the internet, occurs during weekdays. Evenings and particularly weekends are very often given over to client meetings. While increases in our site traffic during the week don’t always translate into more internet inquiries during the week, we always find that actual visits to our galleries increase. When we inquire of new visitors to our galleries, they with nearly 100% frequency tell us that they visited our site precedent to an actual gallery visit.

While the maintenance of our website- and maintenance of placement on the major search engines- is important to us, the most telling indication portending good sales is actual gallery visits. We log in every single gallery visitor- who they were, what they were interested in, price quotes- absolutely everything germane to the visit, even, if appropriate, what they were wearing. Call me old fashioned, but while coiffure may not signify, jewelry and handbags do. For the gentlemen, Prada loafers don’t mean much, but we can always spot a DAKS jacket. This is probably our most important internal management tool, with our gallery log a record of subsequent activity. It is accessible for review and data entry by all gallery staff, with each week maintained as a separate document in 12 point type. When our Weekly Report extends to in excess of 3 full pages, we know some good sales are likely to follow. Although typically the longer the report indicates that we have had more gallery visitors, this is not always so. Occasionally the report can run long because we’ve had some pretty heavy-duty gallery visits- lots of interest in lots of items. So, rather than just a measure of gallery visitors, the length of the report reflects the earnest nature of those visits.

Much more palaver on this subject and I then will begin to give away proprietary information. Suffice to say these are informal measures, but things we take seriously. Moreover, while Wall Street and the other money centers are the big stage upon which economic dramas are publically played out, the larger economic engine is one that employs every individual consumer and every business, even small ones like ours. We firmly believe that when we can sense economic trends as well as anyone can. The one thing we know for sure, amidst all this, is that when the news media reports on any trend, it is, in this age of information, already old news.

It’s not often in this business someone’s asked me for a knockoff. As I think about, it has never, in our ever-lengthening tenure that such a thing has occurred. What has happened, however, is our having to break the news to a client that something they purchased in good faith as the genuine article was, in fact, not. Fortunately, no such item that I was ever called on to evaluate has been anything that cost the client a lot of money. The client, after some mutterings, has invariably chosen to take having been taken on the chin. It has often seemed to me, therefore, that this is why customers of online sales platforms do not rise up en masse. For us, the silver lining is that a number of these sadder but wiser buyers will then eschew auctions- whether virtual or actual- altogether, and give their trade, if it is antiques they are after, to a proper antiques dealer.

Though erstwhile buyers have not arisen as a class seeking redress, legal action on the part of luxury goods manufacturers, knockoffs of whose branded merchandise is sold with apparent impunity in online auctions, proceeds apace. Online sites have maintained that it is the responsibility of the luxury goods manufacturers themselves to police their brands. Oddly, some courts have agreed with them, but some have not. The luxury goods manufacturers claim, reasonably enough, that the auction sites, collecting as they do a sales commission on the sale of knockoffs, are therefore culpable.

One of our many memories of foreign travel is one that occurred very early on, when a group of us visited China, Hong Kong and Korea. While Keith and I spent our time trying to suss out Asian antiques, some in our party were keen to find ‘deals’ on knockoff merchandise. Upon returning to San Francisco and making our way through US Customs, the customs officers gleefully confiscated every bit of knockoff merchandise our friends’ brought in. I would venture to say that all of my 20 or so devoted readers have at least one similar tale to tell. Moreover, for how long can a retail establishment operate selling knockoffs before it’s shut down? Why, therefore, does our otherwise vigilant government allow the open and public sale of knockoff merchandise in another forum when it is otherwise so vigorously sanctioned?

It is this general inconsistency that is being pursued in courts here and abroad that, I hope forces online sites to maintain the same level of diligence and integrity that are required of the rest of us. Not to sound pompous (Keith tells me I always do, but given my farm background, I consider myself down to earth) but integrity is our stock in trade. Dollars may be the thing that makes the difference, with the high number of smallish transactions involving knockoff goods perhaps making it impractical for law enforcement to do anything about them. But given the whopping size of the largest of the online platforms, it might be that they have a larger legal war chest with which to fight- derived at least in part, ironically, from the sale of knockoff merchandise.

Some very recent mention has been made in the antiques and art press about the participation of a particular New York dealer in one of the better London shows. That this dealer and his estranged brother, also a dealer, have scandalized the trade recently, caught selling shall we say ‘dollied up’ pieces, seems to have been forgotten.

Preaching a Jeremiah about the evil-doers in the trade is not the point of this blog entry, however. The recent press got me to thinking about the confections these gentlemen were marketing. They knew their market, of course, interior designers who are always looking for something outré as an accent piece. And why not? Distinctive design is what interior designers are paid to deliver. That they were duped by a nefarious antiques dealer does not, to my mind, make the designers who patronized them culpable.

As an antiques dealer who, while happy to cater to interior designers and goodness knows we have some excellent designers with whom we trade, tends to have a deeper affinity for private collectors, we tend to offer goods that are possibly a bit more conservative. Quality, yes, but not over the top. Frankly, if something is dramatically out of pattern for a particular historical period, we are immediately suspicious, unless it has some documentary support. This is certainly true for English antique pieces, given the wealth of information- original invoices, inventories, valuations- that survives in the records of the great landed estates. As well, I can’t think of any nation on earth that has its built environment better documented photographically than Great Britain, thanks in no small measure to Country Life. In what amounted to a luck of timing, the magazine began in the late 19th century to include excellent photography in its articles about country seats. The sell offs and contents disbursals beginning in the 20th century, the result of new and functionally confiscatory estate taxes beginning just after the Great War occurred, in many instances, after a thorough photographic record had been made.

The notion of an ‘important’ piece of furniture, absent of provenance, should always beg question. If it is of unusually large scale, of course, it must have been meant for a stately home with a scale to accommodate it. As well, marquetry, inlay, gilding, elaborate carving, and applied decoration were ‘add-ons’ required by the quality for conspicuous front of house display: the hall, the library, and other so-called rooms of state. Even pieces somewhat less grand, either for more private spaces in a stately home or for the smaller houses of the gentry, typically conformed at least in general outline to pattern books that were part of every joiner’s workshop. Using for a moment Chippendale’s Director, the patterns were always adaptable to include, or exclude, decoration depending on the requirements of the customer, or the limits of the joiner’s skill.

It is tempting to think that, as talented as were the likes of the leading lights of English furniture- Chippendale, Vile, Cobb, Mayhew, Ince, the Linnells- that they would for display in their atelier- if they had one- have the occasional outré piece that would show all their skills, crawling with marquetry and dripping with ormolu. Occasionally, a dealer in furniture would offer pieces from a joiner already made up, but these were typically standard productions- case pieces including chests of drawers, bureaus, and night stands, and possible sample boards of ‘fancy’ work.  The notion of an exhibition piece is, moreover, largely a 19th century one- witness the Great Exhibition of 1851, the first showcase of British manufactures, and, so far as I know, the first such national exhibition ever mounted anywhere in the world.

It was announced several weeks ago that a number of London old master paintings dealers will band together for a joint selling exhibition to run a couple of weeks after the conclusion of the Grosvenor House fair. While a couple of the dealers will exhibit at the fair, others, including some Grosvenor House stalwarts, will not. Everybody is making nice, of course, with the fair organizers saying something to the effect that Grosvenor House will be unaffected.

Perhaps, but a look at the exhibitors of both Grosvenor and Olympia show an absence of some significant names, besides old master paintings dealers. The fact of the matter is, these are extremely expensive shows to do, and, times being the way they are, not everyone has enough of the ready to participate. Yes, of course one wants to be in front of clients who one may only see at shows, but, at the end of the day, the upfront costs associated with a show while always tremendous may now be onerous.

What the old master dealers have done begs the question of the merits of show participation, which participation Keith and I weigh, invariably, before we sign any show contract. First, of course, is the wisdom of doing a show in a particular geographic location. We’ve found that show participation is an expensive and more importantly an ineffective way to break into a market. When we started this business, we began with the wrongheaded notion that our markets were in large cities that favored traditional decorative material. What we failed to realize was that certain cities, San Francisco being one of them, have long established traditions of buying their material not locally but elsewhere. We used to do shows in the southeast- no longer- only to find that the buyers were buying in New York. While the notion of purchasing in New York makes some sense- with New York, London, and Paris continuing their well-established traditions of art market hegemony- there exist some significant markets in other cities where private clients and interior designers purchase locally. Houston, Chicago, and Los Angeles are the cities we’ve found that will support the fine art and antiques trade, with the Merchandise Mart in Chicago the host to two excellent fairs a year.  As my 20 or so devoted readers will know, we participate in fairs in all three cities.

The second factor we use to determine participation is time of the year. Our busiest season in our galleries is the first half of the year. We do not, therefore, want our better material on the road during the time of year when it has the best chance of selling in-house. There are also times of the year when there exists a dearth of activity, as well- June and July are notoriously slow months, with graduations, weddings, and a few vacations due to beginning school holidays creating a ripple effect through the antiques trade. Our buyers- both private and design- are not shopping for our material then. At one time, the Olympia and Grosvenor House fairs were of such significant moment that they could counter this but, as witness some attendance problems in the last couple of years, what these fairs now experience I venture to say matches our own.

Finally, and most obviously, is the cost to do a fair. A dealer of my acquaintance, unnamed as I’ve not asked his permission to quote him, developed a financial rule of thumb to determine the success of a dealer’s show participation, and a rule that we have adopted- a good show should generate revenue equal to 10 times the cost of the booth. If we pay booth rental of $10,000, including costs directly associated including décor, catalog advertising and lighting, we would not consider the show a success unless we sold $100,000 worth of material. Mind you, we don’t expect to assess the success of a show as we are packing up the truck to leave. We consider follow-on sales made as much as 6 months after the conclusion of the show, including initial and subsequent sales to new clients who originally contacted us but did not make a purchase at the show. If we cannot expect to have a good show using this formula, we don’t participate. You might be able to divine, we do shows that, while less expensive than some shows, are certainly not inexpensive, and all of them are vetted shows. We will not do a show where we are not amongst peers. The Antique Dealers Association of California is the organizer of the Los Angeles Antiques Show and, with its mix of both knowledgeable dealers and outside experts involved in vetting, is an excellent model for a vetted show.

As much of a dice roll as it is to do a show, we nevertheless appreciate their existence. In certain markets, if there were no show for us to participate in, we would have to do a trunk show to stay in front of clients. In fact, the notion of a trunk show is something of a financial yardstick by which we keep antiques and art show organizers honest. If the overall cost of show participation begins to approach the cost of a trunk show, we generally have a word with the show organizer about costs. At least obliquely, this may be the thinking of the dealers who are planning Master Paintings Week in London. Times being the way they are, Grosvenor House, for all that it might promise, may just be too expensive.

The art press hasn’t had much to say so far about The European Fine Art Fair (‘TEFAF’), running through this coming Sunday. The New York Times and the Antiques Trade Gazette have both characterized the mood amongst dealers as ‘optimistic’, and both cite the recent success of the YSL-Pierre Bergé sale as a hopeful sign. I hope prospective Maastricht buyers didn’t leave all their money in Paris.

What also seems to be apparent in press reports is that for the pieces that have sold- mostly artwork- prices paid, after heavy duty negotiation, were ‘reasonable’- read ‘significantly less than they would have been a few months ago.’ Another item of interest, several pieces purchased by dealers at the YSL sale have shown up in stands at Maastricht. Why on earth, in this trading environment, would a dealer choose to offer something only recently- and expensively and very publically- acquired? Perhaps the dealers who’ve done this need to get their money back. In such an environment, the relationship between dealers and clients is not unlike that of the maidens of the town and the invading army. Not meaning to be risqué, but let’s just imagine, with the dealers marking confidently marking up their YSL purchases for resale, who will come out on top.

Looking through the exhibitor list, the numbers of dealers offering period decorative material is down from last year, as it has been declining for a number of years, replaced with those selling 20th century furniture and art, including photography. Nothing wrong with this, of course, as the 21st century buyer is an eclectic buyer, and, in a 239 dealer show- the size of this year’s Maastricht- the booths need to be filled. However, the stated rationale for inclusion of so much more contemporary material is that Maastricht needs to hold its own against the contemporary art fair Art Basel. Unfortunately, the fair organizers may find, in their eagerness to fill up the fair’s show floor, that they’ve diluted the fair’s traditional focus- period material including antiquities- confusing punters thereby, with the longer term effect of reducing the number of fairgoers whose primary interest is period material. With the significant downturn in the contemporary art market and the increasing disinterest in midcentury modern decorative material, Maastricht has, it seems, jumped the gun. While a regional fair like the Merchandise Mart in Chicago or the Los Angeles Antiques Show might reasonably consider itself a survey venue and introduce therefore a certain amount of contemporary material, an international fair that brings in buyers from around the world that has an established reputation for a certain type of gear needs to consistently maintain its focus. With all that, the name of the game is carrying on in business and, with so many dealers- those that have survived- in near shellshock, fair organizers need to fill the booths to make it a show. This may not make long-term strategic sense, but lately none of us in the art and antiques trade has had the luxury of engaging in any other strategy than to determine how to pay this month’s rent.

Chappell & McCullar’s newest member of staff is Jack Edward Tremper. He’s penned today’s blog entry, and we hope this is the first of many. Michael, after all, needs a break.

It’s now been two months since I started working at Chappell & McCullar and seem to be settling in to the fast paced world of English antiques just fine.  Being a young university graduate, I seem to be a bit of an anomaly in the antiques world having yet to meet anyone in the business that is within a decade of my age.  And I’m not the only one who has noticed this, as one of the first gallery visitors that I spoke with remarked about my young age.  In the midst of our brief conversation, she asked me, “Why aren’t kids your age into antiques these days?”

At the time, I responded that I didn’t particularly know why and I have had an interest in antiques because I have been lucky enough to have an uncle (Michael Chappell himself) who is in the business.  Upon further thought, now I would have asked the woman a question in response:  “Have people in their twenties ever been very interested in antiques?”

Just like fine wine, exotic food, art museums, or opera, it takes time and education to develop an appreciation for antiques.  When you’re in your twenties, unless you happen to be rolling in the bucks, you think in terms of – as Michael always says – “value for money.”  Does this car have the best options for the price?  Is this the fastest computer on the market?  Is this apartment close to popular clubs and bars?  It’s not that we’re worried about spending money; it’s that we’re worried we aren’t getting what we paid for.

And it’s not that antiques do not represent “value for money,” in fact in today’s economy they’re actually a viable investment option (particularly fine English antiques from Chappell & McCullar).  But the reality is that a person in their twenties has yet to understand or appreciate the value.  They have yet to learn the difference between George III period and George III style or even to tell the difference between oak and mahogany.  This takes time and effort as well as the financial resources to properly develop a level of connoisseurship.

My progression in the appreciation of antiques went through different stages.  It began in high school when I would simply look for the most expensive piece in my uncle’s gallery or antiques show booth.  Then I looked for the oldest piece.  Finally I would look for the piece I simply liked the best and tried to decide why I liked it.

Now that I work for Chappell & McCullar and it is part of my job to be both knowledgeable and appreciative of fine antiques, I have found like most things, the more knowledgeable you are about something, the more you appreciate it, even if you do not necessarily find it aesthetically appealing.  So, in response to the woman who asked me why “kids” my age aren’t into antiques these days, here is a simple answer:  they have not yet had the time to develop an appreciation for them.  It’s not just that they’re only into their iPhones or new cars (though that can be the case), it’s that they have yet to take the time to learn the difference between style and period, Georgian and Regency, or even have an interest in decorating their apartments or new homes.

Give the young people (me included) some time, and the appreciation will undoubtedly materialize.