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resto-furb ?
Authenticity, the issue that defines mature antiques markets, is being called into question as objects by the most fashionable names in the business, like Charlotte Perriand, Pierre Chareau and Jean Prouvé, become the newest blue chips of decorative arts. As pieces are rebuilt, repainted, reproduced and newly assembled, or as hybrids of new and old come to market, assumptions about what is original or real are being redefined as rapidly as the prices.
Does refurbishment respect or disguise a designer's intentions? Shortly before the Christie's sale, Ms. Grajales explained that for each of her clients, authenticity was very personal. For some, only a piece without restoration, even if its condition was poor, would carry rarity and value, as is true for traditional antiques. For others, a reconditioned piece, with obvious work, recalled and revalidated the strength of the design.
That Prouvé cabinet, bright red and factory-fresh-looking, in its 50's and still sexy? Read the condition report. It's had more work than Catherine Deneuve. But hey, the loft needs a star for the dining room wall. Would Prouvé be proud?
James Zemaitis, the head of 20th-century design at Sotheby's, which sold the cabinet described above last Wednesday for $78,000 (above its estimate of $30,000 to $50,000), said he thought that modern furniture buyers were savvy and aware of distinctions in condition, which differ by designer.
"If you're seduced by the aura of Prouvé or Perriand, you have to accept the prevailing market realities of condition," Mr. Zemaitis said. "The entire Prouvé market is built on things being refinished and rebuilt. I don't think collectors are being duped. They're completely understanding of this."