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Value Support
There simply are no comparable sales of a true French colonial armoire from the past twenty years. Though perhaps a bit less splashy than the inlaid Creole armoires of the early 19th century, the subject armoire most assuredly ranks very highly among all Louisiana armoires, at least in terms of value. The comparable sales offered are all of later armoires, with varying degrees of creolization, but they clearly illustrate the very strong market for significant armoires made in early Louisiana. The value for the subject armoire resides between the record highs of the peak market (2003- 2004) and the more recent strong sales.
Louisiana armoire, early 19th century. Sold at Neal Auction Company, New Orleans, LA, 10/01/2004, lot 194. Estimate: $6,000-$8,000. Realized: $138,000 (including buyer's premium).
Inlaid Louisiana armoire, early 19th century. Sold at Sold at Neal Auction Company, New Orleans, LA, 12/21/2015, lot 180. Estimate: $80,000- $120,000. Realized: $73,200 (including buyer's premium).
Louisiana armoire, early 19th century. Sold at Neal Auction Company, New Orleans, LA, 11/17/2017, lot 365. Estimate: $40,000-$50,000. Realized: $61,000 (including buyer's premium).
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Jack and Pat Holden
Fair Market Value for Non-Cash Charitable Contribution Appraisal Report
Effective Valuation Date: 00/00/00
Andrew Richmond PO Box 2199 Marietta, OH 45750 740.760.1788 andrew@wipiak.com
(LF16)
Location: Maison Chenal, Upper Main Room FAIR MARKET VALUE: $45,000
Category: Furniture (Colonial)
Upper Valley Commode in the Rococo Style
Missouri or Illinois area 1780-1800
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