As most here know, I am a big Sam Maloof fan.? And most of you know that Sam passed away back in 2009.? At the time of his death, his iconic chairs were selling for $38,000 for the tiger maple rockers.? I do not know what they sell for now, but I heard they are around the $20,000 area now depending on what wood species they are made in.
I know Mike Johnson along with his son Stephen are continuing the business?and have purchased the Maloof woodworking part of the business, with Mike's wife Joanne running the office part, so it's all be kept within the Johnson family now.
It's obvious that Mike cannot command the same prices that Sam was able to get for his pieces.? My question is, on the new pieces that are made solely by Mike and His son, can they? ever increase in value over time, or will the only be worth what they are sold for since Mike does not have Sam's name or fame.? Basically the new pieces will only be worth as much as they are sold for and that's as far as they go, even way down the road since they do not have the signature that Sam added to his pieces?
?
I've often wondered if the value of the newly created pieces made by their helpers diminishes after the original master passes away or can they also increase in value over time?
As most here know, I am a big Sam Maloof fan.? And most of you know that Sam passed away back in 2009.? At the time of his death, his iconic chairs were selling for $38,000 for the tiger maple rockers.? I do not know what they sell for now, but I heard they are around the $20,000 area now depending on what wood species they are made in.
I know Mike Johnson along with his son Stephen are continuing the business?and have purchased the Maloof woodworking part of the business, with Mike's wife Joanne running the office part, so it's all be kept within the Johnson family now.
It's obvious that Mike cannot command the same prices that Sam was able to get for his pieces.? My question is, on the new pieces that are made solely by Mike and His son, can they? ever increase in value over time, or will the only be worth what they are sold for since Mike does not have Sam's name or fame.? Basically the new pieces will only be worth as much as they are sold for and that's as far as they go, even way down the road since they do not have the signature that Sam added to his pieces?
?
I've often wondered if the value of the newly created pieces made by their helpers diminishes after the original master passes away or can they also increase in value over time?
food for thought