EARLY OUSHAK ROOM-SIZE RUG WOWS THE CROWD FOR $11,000 AT ANNUAL ORIENTAL ANTIQUE AUCTION HELD NOVEMBER 16-17 BY RICHARD D. HATCH

(Flat Rock, N.C.) – A gorgeous early Oushak room-size Oriental rug hammered for $11,000 at the annual Asian & Oriental Auction held November 16-17 by Richard D. Hatch & Associates. Over 1,500 lots changed hands at a sale that was strong both days.

early-oushak-rug11.jpgThe Oushak rug was the top lot. Prices quoted do not include a 10% in-house buyer’s premium or a 15% online and absentee buyer’s premium.

“The Friday session went well, but Saturday seemed even stronger,” remarked Richard D. Hatch. “It started with the very first lot – a carved coral Buddha that brought $550. That was followed by a Japanese cloisonne box that went for the same price. Also, a pair of 38” tall cloisonne palace vases were a bargain at $1,400, while a cloisonne on porcelain tea cannister gaveled for a respectable $950.”

The sale featured hoards of fine Asia antiques and related items, saved up from numerous estates throughout they year. “It was a collector’s dream and a dealer’s delight,” Mr. Hatch observed. “The gallery looked like a walk through the Orient of yesteryear. You really had to be there to appreciate it.” Richard D. Hatch’s spacious gallery is located at 913 Upward Road, in Flat Rock, N.C.

The auction attracted over 165 registered bidders in-house, while more than 500 people previewed the gallery. Over 600 bidders registered to bid online, via LiveAuctioneers.com. Oriental items held center stage, but the sale also featured the tribal art collection of Dr. Deszo Balaz, as well as other consignments. “This sale is fast becoming one of our premier events of the year,” Mr. Hatch said.

Following are additional highlights from the sale. All prices exclude a buyer’s premium.

Early rugs did well overall. A Kord type runner, over 11′ long, realized $1,900, while an early silk prayer rug crossed the block at $1,100. A room-size Sarouk saw a high bid of $1,300, and a small early tribal rug soared to $6,000. An early runner sailed past the high estimate of $400-$600, finally selling to a determined phone bidder for $7,000. Also, jade bangle bracelets brought $100-$800.

Carved ivory piqued the interest of the crowd, and it seemed the bigger the piece the higher the price was realized. A massive 26” tall goddess figure changed hands for $5,000, while a 48” tusk exhibiting fine carving brought $4,750. Carved mystery balls, with stands, sold for prices ranging from $200 for the smallest to $3,250 for the largest piece. And a finely carved goddess, signed, hit $3,250.

Netsukes (Japanese carved toggles, used to secure sagemono to the waist belt, or “obi,” from a cord), hammered for prices ranging from $70 to $300. A fine collection of snuff bottles crossed the block quickly, barely keeping pace with Mr. Hatch’s breathtaking average of 100 lots sold per hour, at prices ranging from $40 for a modest ivory example to over $200 for earlier carved stone examples.

A collection of early Japanese woodblocks was offered, most of them from a local mansion. Condition problems plagued several pieces, accounting for the final price range of $50-$150 each. But Chinese plaques excited the crowd by soaring past the high estimates. One pair, expected to fetch no more than $500, brought $5,500; and a couple of $200-$300 estimates fetched $1,200 and $1,300 each.

Richard D. Hatch has been in the auction and appraisal business since 1979. His firm boasts over 25,000 satisfied customers. Mr. Hatch is an appraiser on the PBS show “Treasures in Your Attic.” He also lectures across the country on topics including music boxes, brilliant period cut glass, coins, silver, art pottery, estate jewelry and more. He is a member of many organizations and collectors’ clubs.

Richard D. Hatch & Associates offers a wide range of services, including appraisals, on-site auctions, tag sales, gallery auctions, specialty catalog sales and brokerage. “Our experience in selling millions of dollars’ worth of antiques and estate goods every year keeps us on the cutting edge,” Mr. Hatch said. “It’s about knowing how to get the most out of your possessions in the best way possible.”

Mr. Hatch is a “Golden Rule” dealer and an acknowledged leader in his field. Though he has traveled the world, buying and appraising antiques, today he spends most of his time at his gallery in Flat Rock. “I look at hundreds of items every week and still derive great pleasure from uncovering a lost treasure,” he said. Flat Rock is located in western North Carolina, off I-26, near Hendersonville.

Richard D. Hatch & Associates is celebrating 28 years of consistently impressing its customers with quality consignments and exciting sales. To learn more about the firm, you may visit them online, at www.richardhatchauctions.com. To consign an item, estate or collection, you may call them directly, at (828) 696-3440. Or, you can reach them via e-mail, at [email protected]

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