Georg Jensen

Discussion in 'Antique Silver' started by BenKenobi, Jul 17, 2016.

  1. BenKenobi

    BenKenobi Active Member

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    Oh dear, my wife's Nan, now 92 and still mentally ok idols and independant( bloody amazing) wants to sell her Georg Jensen flatware set she purchased while on holiday overseas with her late hubby 20 something years ago, it's a set called Old Danish. In Showroom condition as it has spent its entire life in a safe in its display case. I have seen her receipt and they spent nearly 10,000 grand on this set, I know right, why would you, surely a heap of gold would have been better, but the poor old duck is now wanting to sell it, 6 place setting of 48 pieces, I checked new prices online and ebay sell this stuff same style still today for the same money she has purchased it for. They bought it as an investment, oh my god I think to myself, with the markup over bullion on the purchase price 20 something years ago at 10, grand she could have bought bullion at a mass of something like 1000 ounces. Trying to figure a way of breaking it to her that her investment is pumped out by a machine and is still being made in the same pattern today, and she paid 800% more than it was worth at the time. Any advice? Do I just say to her to keep it in the family will, she wants to sell it for a holiday, jeez 10 grand 20 something years ago was a shipload of silver bullion.
     
  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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  3. BenKenobi

    BenKenobi Active Member

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    I will see what I can do Sammy thanks for the offer.
     
  4. scrooged

    scrooged New Member

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    Just tell her.

    "Hey Nan, I've checked out the dinner set and it's going for 10k".

    If she's mentally ok I'm sure she'll be able to work out it may not have been a great investment. But sounds like a reasonable store of wealth.
    Imagine trying to sell a 20 year old lounge suite today, that you paid 10k for.

    What's the drama?
     
  5. BenKenobi

    BenKenobi Active Member

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    Don't you get it, she is 92 years old, yeah mate that's human years
     
  6. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Don't get involved would be my advice
    Any dealer would only give you 50%
    If you put it into auction, it will cost you 20% in fees
    I wouldn't want to get involved
     
  7. scrooged

    scrooged New Member

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    I get it.

    Your wife's 72 year old Nan purchased a Georg Jensen set in the hope it may appreciate in value over time.

    It may have.

    If you got it, I doubt eBay would have been your first point of reference.
     
  8. BenKenobi

    BenKenobi Active Member

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    That's been my feelings all along spanner, I hate being looked to for decisions but her son loves on Bali and is a pretty wet sock, I will have to manage a way to hand ball this one, I sure as hell ain't gonna be the one to give her a heart attack or stroke, bless her cotton socks.
     
  9. BenKenobi

    BenKenobi Active Member

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    No you don't get it still, NOT 72, bloody 92
     
  10. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    I just spoke to an antique dealer who deals in this kind of stuff
    Unfortunately that's not a popular design
    You'll only get $3-$4 a gram
    Don't bother weight the knives as they are wax filled

    His advice is to
    NOT get involved

    If your in Melbourne try
    Putting into Jensen's on consignment ( if they'll take it )

    Or put in into McAndrew Jewellery in little Collins St
     
  11. scrooged

    scrooged New Member

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  12. APEX Tangible Assets

    APEX Tangible Assets New Member

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    Off topic but generally Jensen related....
    I was lucky enough to find this Georg Jensen .925 Ag "150" Tie Bar for an almost unbelievably low price from my local Op-shop not too long ago. ;)
    Anyone know roughly what these actually go for (as opposed to the BIN prices on eBay or Etsy etc)?


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  13. BenKenobi

    BenKenobi Active Member

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    Well with jewellery it's difficult with used stuff, normal retail from my experience in the trade from a jeweller would be weight of material plus anywhere from 200% to 350% markup plus whatever the maker wants to attach for their name and branding, and if its antique then you have another plus schedule, if it's handmade then more again plus complexity of design. Most people will just tell you it's worth what someone will pay for it on the used market
     
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