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Antique Furniture Prices Rise by 7% in 2001

Added: (Thu Jan 31 2002)

Pressbox (Press Release) - Antique Furniture Prices Rise by 7% in 2001

The ACC Antique Furniture Index rose by 7 percent in 2001 to its highest recorded level of 3575 (1968=100). There is evidence that were it not for the events of 11th September 2001, overall rises might have been even higher due to very strong growth in the early part of the year. Oak furniture was the least affected by these events, which caused considerable stagnation in high quality period furniture sales throughout the autumn, especially at prestigious fairs.

The highest rises were once again Oak and Walnut furniture at 13 and 9 percent respectively. Mahogany furniture of the Georgian period rose between 6 and 8 percent.

Since 1967/8 the Antique Collectors' Club has published its ACC Antique Furniture Index, based on a selection of typical pieces from seven distinct periods as taken from the 1000 items in the book British Antique Furniture: Price Guide and Reasons for Values by John Andrews.
ACC also publishes a Victorian and Edwardian Furniture Index, starting from 1973 and based on Victorian & Edwardian Furniture: Price Guide and Reasons for Values by John Andrews.

In 2001 there was positive growth across all the periods covered, particularly oak furniture, in which early dressers and side tables as well as refectory tables were in good demand. The ACC Index does not include rare museum-quality pieces; specially-promoted and spectacular country-house sales which engender even higher prices. It does however cover a range of good quality representative pieces available to collectors, and is based on retail prices from broad demand at shop, fair, market and auction sources.

A comparison of other indicators of economic performance in the stock market, housing in SE England excluding London and retail prices shows how well antique furniture has performed over the thirty-four years of the Index's existence. There has historically been a correlation between house prices and antique furniture index movements, so that the continued strength of the housing market is a sign that the Index should continue to rise.

If you would like further information about this press release please contact:

Susan Ryall
Publicity Manager

Antique Collectors’ Club, Sandy Lane, Old Martlesham, Woodbridge, Suffolk, IP12 4SD.
Tel: 01394 389974 Fax: 01394 389999
Email: susan.ryall@antique-acc.com

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