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No more DIY if you can sell
antique tools...
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Rare hand tools can be beautifully crafted
artworks valuable in their own right - Gwyn Jones
Published: 15 October 2005
Do you know your side snipes from your double reeds?
If not, even being able to tell a plane from a saw could
come in handy, since the market for old and rare tools
is worth thousands of pounds.
There are two sides to the antique-tool market. Some
buyers actually use the pieces that they buy because an
old tool can be better for a skilled job than its modern
equivalent. Others simply collect.
Tony Murland, of the Tool Shop, holds an annual
international tool auction, and has been interested in
the market since the late 1970s. He recently sold an axe
head for £17,600, a new British record for a hand tool.
"Since the Seventies, more people have started to
collect antique tools, but there has also been an
increase in awareness among woodworkers, who appreciate
using older tools," he says. "There are certain tasks in
cabinet-making, for example, that can only be done using
an antique hand tool - there is no modern equivalent.
"Somebody who might want to make an 18th century-style
chest of drawers might also want an 18th-century tool
with which to do it. We are getting increasing amounts
of people coming in for second-hand wood-carving tools
that were made in Sheffield at the time when Sheffield
made the best steel in the world. Doing woodwork is
increasingly popular as a way of relieving stress."
The pure collectors' market is also split into two
distinct groups. "Some collectors want every single
numbered plane ever made by Stanley, say, but the more
sophisticated end of the market is people who collect
tools on aesthetic grounds," Murland explains. "They see
beautifully designed and made tools as objects d'art."
Such fine tools can make great investments because they
are a developing niche of the antiques market. Relative
to other rare and beautiful objects in the antique
world, collectors believe that tools remain underpriced.
But values are rising quickly.
Probably the best-known manufacturer of British planes
was Norris of London, and its tools are very
sought-after today. They function very efficiently on
difficult woods and there is no modern equivalent, but
Norris also made some quirky and unusual planes, which
are highly prized by collectors. A Norris A5 smoothing
plane would have sold for around £40 in 1980. Now it
would command around £450.
David Stanley, a tool auctioneer, says: "Items such as
wooden planes, of which millions were made, are at about
the same price as 25 years ago because supply is
plentiful, but metal planes made by such companies as
Norris, Spiers and Mathieson have increased considerably
in value because they are relatively rare and extremely
well made.
"Generally people are now looking for the earlier and
rarer items."
It is still possible to find original pieces lurking in
garden sheds and garages. The £17,600 axe, for example,
sat in a house for decades - it dates from 1650 - and
was found by a house clearer. However, over the last 10
years or so, such finds have become much rarer and
supplies are drying up.
Look out for items previously owned by a skilled
craftsman. The majority of tools that have any value are
those that were used by men who woodworked as a trade,
rather than people who just did a bit of DIY. Cabinet
makers, boat builders, musical instrument makers,
furniture makers and coach builders all required
specialist tools that are likely to be far rarer than
the more generally used tools.
But even if the tools aren't collectable, they might
still be worth some money simply because of their
quality. Old chisels aren't collected but some people
want to buy an antique chisel because they are made from
better steel.
The most interest is in planes, but any tool that has
been beautifully made, is rare and early will be
sought-after. There's also a big market in the US for
British tools. In the past, many good examples crossed
the Atlantic, though Stanley says that the current
economic situation in the States has curbed spending,
while European interest is on the rise.
It is unlikely that tools will ever rival ceramics or
paintings in popularity - it's a heavily male market and
few families want old tools hanging on the living- room
walls. But the pieces can be seen as works of art in
themselves, and it's these attractive tools that are the
best investments.
A tool that has been held and used by generations of
craftsmen almost takes on a life of its own, wearing the
signs of use and age as its character. A tool with its
own history is infinitely more valuable than a modern
equivalent, and compared with the rest of the antique
world, this is a relatively young market.
So, enough excuses: there has never been a better time
to clear out the shed!
Contacts
Tony Murland Tool Shop/Auctions: 01449 722992
www.uktoolshop.com
David Stanley Tool Auctions: 01530 222320
www.davidstanley.com
Do you know your side snipes from your double reeds? If
not, even being able to tell a plane from a saw could
come in handy, since the market for old and rare tools
is worth thousands of pounds.
There are two sides to the antique-tool market. Some
buyers actually use the pieces that they buy because an
old tool can be better for a skilled job than its modern
equivalent. Others simply collect.
Tony Murland, of the Tool Shop, holds an annual
international tool auction, and has been interested in
the market since the late 1970s. He recently sold an axe
head for £17,600, a new British record for a hand tool.
"Since the Seventies, more people have started to
collect antique tools, but there has also been an
increase in awareness among woodworkers, who appreciate
using older tools," he says. "There are certain tasks in
cabinet-making, for example, that can only be done using
an antique hand tool - there is no modern equivalent.
"Somebody who might want to make an 18th century-style
chest of drawers might also want an 18th-century tool
with which to do it. We are getting increasing amounts
of people coming in for second-hand wood-carving tools
that were made in Sheffield at the time when Sheffield
made the best steel in the world. Doing woodwork is
increasingly popular as a way of relieving stress."
The pure collectors' market is also split into two
distinct groups. "Some collectors want every single
numbered plane ever made by Stanley, say, but the more
sophisticated end of the market is people who collect
tools on aesthetic grounds," Murland explains. "They see
beautifully designed and made tools as objects d'art."
Such fine tools can make great investments because they
are a developing niche of the antiques market. Relative
to other rare and beautiful objects in the antique
world, collectors believe that tools remain underpriced.
But values are rising quickly.
Probably the best-known manufacturer of British planes
was Norris of London, and its tools are very
sought-after today. They function very efficiently on
difficult woods and there is no modern equivalent, but
Norris also made some quirky and unusual planes, which
are highly prized by collectors. A Norris A5 smoothing
plane would have sold for around £40 in 1980. Now it
would command around £450.
David Stanley, a tool auctioneer, says: "Items such as
wooden planes, of which millions were made, are at about
the same price as 25 years ago because supply is
plentiful, but metal planes made by such companies as
Norris, Spiers and Mathieson have increased considerably
in value because they are relatively rare and extremely
well made.
"Generally people are now looking for the earlier and
rarer items."
It is still possible to find original pieces lurking in
garden sheds and garages. The £17,600 axe, for example,
sat in a house for decades - it dates from 1650 - and
was found by a house clearer. However, over the last 10
years or so, such finds have become much rarer and
supplies are drying up.
Look out for items previously owned by a skilled
craftsman. The majority of tools that have any value are
those that were used by men who woodworked as a trade,
rather than people who just did a bit of DIY. Cabinet
makers, boat builders, musical instrument makers,
furniture makers and coach builders all required
specialist tools that are likely to be far rarer than
the more generally used tools.
But even if the tools aren't collectable, they might
still be worth some money simply because of their
quality. Old chisels aren't collected but some people
want to buy an antique chisel because they are made from
better steel.
The most interest is in planes, but any tool that has
been beautifully made, is rare and early will be
sought-after. There's also a big market in the US for
British tools. In the past, many good examples crossed
the Atlantic, though Stanley says that the current
economic situation in the States has curbed spending,
while European interest is on the rise.
It is unlikely that tools will ever rival ceramics or
paintings in popularity - it's a heavily male market and
few families want old tools hanging on the living- room
walls. But the pieces can be seen as works of art in
themselves, and it's these attractive tools that are the
best investments.
A tool that has been held and used by generations of
craftsmen almost takes on a life of its own, wearing the
signs of use and age as its character. A tool with its
own history is infinitely more valuable than a modern
equivalent, and compared with the rest of the antique
world, this is a relatively young market.
So, enough excuses: there has never been a better time
to clear out the shed!
Contacts
Tony Murland Tool Shop/Auctions: 01449 722992
www.uktoolshop.com
David Stanley Tool Auctions: 01530 222320
www.davidstanley.com
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