Arthur, you may be right, but...
IME, while wax will add sheen and some protection to the surface, oil is required to impart improved color, depth, and to really make the grain "pop".
And, yes, the odor is offensive to some, but it will dissipate after a few days in a well-ventilated space.
virtue
danish teak oil? does it really smell bad? maybe i feel so virtuous that I've finally got around to using it that i just don't mind the smell. Surely a teak oil after a light wire wool is the way to go?
I have a very dark Hornby sideboard, could it be rosewood? it doesn't seem to have the bold grain. It was a rescue piece that had had its legs chopped down, never had the heart to throw it out.
oiled finish
the sideboard did have an oiled finish originally (we've had many of these and similar Youngers ones). You really do have to remove the old Danish oil before applying a new finish otherwise you get an uneven colour and sheen, particularly as they used an oil along with a stain (either mixed together or separate, not sure which). Teak oil just won't work, it will just sit on the surface and create a residue, it does need to be Danish oil and it will be well worth the effort as this is a beautiful piece of furniture. As to what it's made of it is afrormosia, no such thing as English rosewood I'm afraid.
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Sideboard was NOT oiled originally its possible it may have been stripped and oiled since but looking at the pictures I would say not.
I believe the OP was asking for a spruce up I would agree for best results you would remove the years of in a can spray waxes and start from there.
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