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Home > Antique Clocks For Investment
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Antique Clocks for Investment by Daniel Clements
The history of our great nation preserved for future generations.
Ten years ago the late Peter Johnson wrote for the Money section of the Sunday Times an article on, ' Collecting for Investment - 19thNov 1995.' This coincided with the opening of our shop Pendulum of Mayfair Ltd which specialises in antique clocks and Georgian furniture.
Peter found the subject fascinating and expressed a wish to come again and assess the success of our venture. Unfortunately he is not here to do this but I think he would have found the results interesting.We are definitely still here and have lots of satisfied clients world wide who have found pleasure from their investments.
It is true that the market for average quality,' brown mahogany" furniture and clocks has suffered since 911 but the market for genuine high quality antique clocks especially in the choice mahogany and walnut woods, has continued to increase in value at very high rates. The intrinsic labour costs in these clocks make them perfect forms of investments. There are many tax efficient reasons that make antique clocks a perfect investment for pension funds and other large institutions, this has further increased prices and will continue to do so. These clocks come from an era when this was truly a great country, where horology was the foremost profession. It is one of the reasons why this country boosts an empire. Without sorting the Longitude problem out, navigation at sea was nearly impossible.
We have two clocks in our possession with the receipts which clearly demonstrate the investment potential of these items. Pictured on the back of the Longcase door on the Sinderby Loncase clock (attachment) owned by Rudyard Kipling is the purchase price dated 1934 of 13£ 10 shillings. This clock if it was for sale today would fetch in the region of £35,000. We have a receipt of a superb walnut 8 day clock dated1917 for 20£. This clock would realise over £70,000 today.
For a typical good quality London mahogany in 1980 we were selling these at £2,500, in 1995 at the start of the shop this figure was between 6 and 6,500£ and now this figure has risen to over £14,000.
Date Average Price of Standard London mahogany Longcase Clock C.1770
1980 £2,500
1995 £6,250
2006 £14,000
The shop has done spectacularly well over the last 10 years because it specialises in only the finest high quality genuine antique clocks.
We also have a receipt of a superb walnut 8 day clock dated1917 for 20£. This clock would realise over £70,000 today.
All work on these fantastic clocks is carried out in house by our specialised workshop in Cheshire, we now undertake the clock repairs for Asprey's and Garrards customers since they have closed their antiques department. In a market where many have fallen by the wayside, we have continued to grow at very healthy rates. A dedication to selling the finest genuine 18th century antique clocks. It is becoming increasing difficult to find the types of clocks we sell and this will no doubt further increase prices in the future.
Regards
Daniel Clements
About the Author
www.pendulumofmayfair.co.uk
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