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P.S. Heggen waste baskets  

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mvalen
(@mvalen)
Noble Member
Joined: 15 years ago
Posts: 200
20/05/2013 12:57 am  

I just saw the auction results from Wright for a set of 6 wastepaper baskets which sold for $37,500. What gives?
http://www.wright20.com/auctions/view/PPVL/PPWI/100/lotno_asc/none/QPS7/


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Siaz
 Siaz
(@siaz)
Trusted Member
Joined: 15 years ago
Posts: 56
20/05/2013 1:16 am  

Why not? It's too much for...
Why not? It's too much for you?


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kcbrains
(@kcbrains)
Estimable Member
Joined: 15 years ago
Posts: 97
20/05/2013 8:17 am  

Maybe
they meant $3,750.0


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cdsilva
(@cdsilva)
Illustrious Member
Joined: 15 years ago
Posts: 2051
20/05/2013 1:00 pm  

Nope.
The Wright Heggen tulip bubble is real and has reached "irrational exuberance" levels.
I wonder if there are two Russian and/or Middle Eastern oil billionaire collectors that are having a personal duel during these Wright Auctions. Leslie Hindeman tried to cash in with a similar lot a few weeks ago and didn't come close to the Wright magic.


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jesgord
(@jesgord)
Illustrious Member
Joined: 15 years ago
Posts: 1879
21/11/2013 12:02 am  

A nice post on the continued...
A nice post on the continued P.S. Heggen/Wright lunacy
http://mondo-blogo.blogspot.com/2013/11/worlds-most-expensive-trash-cans...


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Krenit
(@ahilavahotmail-com)
Noble Member
Joined: 6 years ago
Posts: 251
21/11/2013 3:07 am  

Mondo is dead on....
Mondo is dead on. Ridiculous. Then you have dopes like this:
http://www.1stdibs.com/furniture/more-furniture-collectibles/baskets/sca...


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foxxxy
(@foxxxy)
Famed Member
Joined: 15 years ago
Posts: 324
21/11/2013 5:04 am  

Why is he a dope?
If...
Why is he a dope?
If someone is willing to pay that, more power to him.


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cdsilva
(@cdsilva)
Illustrious Member
Joined: 15 years ago
Posts: 2051
21/11/2013 9:53 pm  

A little follow-up on my...
A little follow-up on my previous post. . .
I know the guy who listed part of his Heggen waste bin set for the Hindeman auction earlier this year. While he also submits pieces for Wright's auctions, he lamented that Wright would not accept his Heggens for auction. Apparently Wright has a single source for these bins and has an arrangement not to accept lots from other sources.
If accurate, the beneficiaries of the Heggen bubble would then be limited to two parties: Wright (via commissions) and their single source.
I'm personally interested in the development of this market, as I have two teak Heggens in good shape on display in the house (procured for roughly $150 apiece on eBay within the last couple of years).


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cdsilva
(@cdsilva)
Illustrious Member
Joined: 15 years ago
Posts: 2051
08/05/2016 5:15 pm  

Is the bubble starting to burst?
https://www.liveauctioneers.com/item/44795516_ps-heggen-wastepaper-baske...
For some reason Wright doubled the size of their usual Heggen lot. Hammer was $6K for 14, which is not too far above current eBay prices per bin.


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lapo
 lapo
(@lapo)
Eminent Member
Joined: 15 years ago
Posts: 21
11/05/2016 2:37 am  

I would put more than a few dollars that the "single consignor source" is Richard Wright himself.
Ludicrous prices for a wastebasket. You can't make this up.


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Spanky
(@spanky)
Illustrious Member
Joined: 6 years ago
Posts: 4376
11/05/2016 11:49 pm  

Meanwhile, the listing that Krenit linked to two and a half years ago on this thread is still sitting there unsold.


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