{"id":3578,"date":"2018-03-04T10:10:41","date_gmt":"2018-03-04T15:10:41","guid":{"rendered":"https:\/\/www.hessfineart.com\/?p=3578"},"modified":"2024-03-18T14:28:53","modified_gmt":"2024-03-18T18:28:53","slug":"underperforming-assets","status":"publish","type":"post","link":"https:\/\/www.hessfineart.com\/articles\/collectibles\/underperforming-assets\/","title":{"rendered":"Underperforming Assets?"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

We all have what my wife, Katrina Hess, calls \u201cunderperforming assets.\u201d Some we hang on to for sentimental reasons and, as we have always noted, not a single person in the world can put a price on sentimentality.<\/p>

Our story today is about a Lakeland, Florida resident who had a peculiar request. The woman was 77 and her younger husband was recently retired from his business at 72. She mentioned that his \u201cfirst wife\u201d was his business and she was simply his \u201cmistress\u201d (yes, she had a terrific sense of humor), and now that they both had time on their hands, they wanted to go on a cruise down the Danube, a long-dreamed-of trip that they had just not gotten around to. She said she had a house full of antiques and \u201cold stuff\u201d and some of her mother\u2019s stuff, as well, and warned that all she wanted to sell was enough for their airfare and the cruise: about $10,000 worth.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t

A Lucrative House Call<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

We sent our most senior fine and decorative arts expert to her home, and he was surprised to find a house that was devoid of anything valuable: 1960s inexpensive decorative items worth a few bucks to $50, but nothing noteworthy. Our house-call expert recalls that she suddenly asked him if we bought statues. Expecting more \u201cjunque\u201d, he followed her to the garage to find a dusty, old 2-foot-tall bronze sculpture by an obscure (but well-known to collectors) Native American artist named Allan Houser<\/a>… with the title Old Memories.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\t\"bronze\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t

$20,000 \/ 1982 BRONZE SCULPTURE BY ALLAN HOUSER<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t

We entered into an agreement to sell it for the couple and gave them a $10,000 advance (that was the Danube money). We eventually sold it for much more \u2014 and a month after they returned from their trip, we presented them with another check for an additional $9,000 after we deducted our commission. Think about it \u2014 you might have \u201cunderperforming assets\u201d of your own, hidden away in \u201cold stuff.\u201d<\/span>
<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t

This is an archival article formerly written and is for informational purposes only. The valuations in this article have likely changed since it was first written.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

We all have what my wife, Katrina Hess, calls \u201cunderperforming assets.\u201d Some we hang on to for sentimental reasons and, as we have always noted, not a single person in the world can put a price on sentimentality. Our story today is about a Lakeland, Florida resident who had a peculiar request. The woman was […]<\/p>\n","protected":false},"author":1,"featured_media":3579,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,1],"tags":[],"yoast_head":"\nUnderperforming Assets? - Hess Fine Art<\/title>\n<meta name=\"description\" content=\"We all have what my wife, Katrina Hess, calls \u201cunderperforming assets.\u201d Some we hang on to for sentimental reasons and, as we have always noted, not a.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Underperforming Assets? - Hess Fine Art\" \/>\n<meta property=\"og:description\" content=\"We all have what my wife, Katrina Hess, calls \u201cunderperforming assets.\u201d Some we hang on to for sentimental reasons and, as we have always noted, not a.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Hess Fine Art\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-04T15:10:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-18T18:28:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/06\/bronze-sculpture.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1168\" \/>\n\t<meta property=\"og:image:height\" content=\"1477\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeffrey P. Hess\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeffrey P. Hess\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/\"},\"author\":{\"name\":\"Jeffrey P. Hess\",\"@id\":\"https:\/\/www.hessfineart.com\/#\/schema\/person\/cf21c7bb44110d7962c4526f437eb0a0\"},\"headline\":\"Underperforming Assets?\",\"datePublished\":\"2018-03-04T15:10:41+00:00\",\"dateModified\":\"2024-03-18T18:28:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/\"},\"wordCount\":351,\"publisher\":{\"@id\":\"https:\/\/www.hessfineart.com\/#organization\"},\"articleSection\":[\"Collectibles\",\"Other\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/\",\"url\":\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/\",\"name\":\"Underperforming Assets? - Hess Fine Art\",\"isPartOf\":{\"@id\":\"https:\/\/www.hessfineart.com\/#website\"},\"datePublished\":\"2018-03-04T15:10:41+00:00\",\"dateModified\":\"2024-03-18T18:28:53+00:00\",\"description\":\"We all have what my wife, Katrina Hess, calls \u201cunderperforming assets.\u201d Some we hang on to for sentimental reasons and, as we have always noted, not a.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.hessfineart.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Underperforming Assets?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.hessfineart.com\/#website\",\"url\":\"https:\/\/www.hessfineart.com\/\",\"name\":\"Hess Fine Art\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.hessfineart.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.hessfineart.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.hessfineart.com\/#organization\",\"name\":\"Hess Fine Art\",\"url\":\"https:\/\/www.hessfineart.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.hessfineart.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/05\/logo.svg\",\"contentUrl\":\"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/05\/logo.svg\",\"width\":251,\"height\":63,\"caption\":\"Hess Fine Art\"},\"image\":{\"@id\":\"https:\/\/www.hessfineart.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.hessfineart.com\/#\/schema\/person\/cf21c7bb44110d7962c4526f437eb0a0\",\"name\":\"Jeffrey P. Hess\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.hessfineart.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/06\/jeffrey-hess.jpg\",\"contentUrl\":\"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/06\/jeffrey-hess.jpg\",\"caption\":\"Jeffrey P. Hess\"},\"url\":\"https:\/\/www.hessfineart.com\/articles\/author\/hess\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Underperforming Assets? - Hess Fine Art","description":"We all have what my wife, Katrina Hess, calls \u201cunderperforming assets.\u201d Some we hang on to for sentimental reasons and, as we have always noted, not a.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/","og_locale":"en_US","og_type":"article","og_title":"Underperforming Assets? - Hess Fine Art","og_description":"We all have what my wife, Katrina Hess, calls \u201cunderperforming assets.\u201d Some we hang on to for sentimental reasons and, as we have always noted, not a.","og_url":"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/","og_site_name":"Hess Fine Art","article_published_time":"2018-03-04T15:10:41+00:00","article_modified_time":"2024-03-18T18:28:53+00:00","og_image":[{"width":1168,"height":1477,"url":"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/06\/bronze-sculpture.jpg","type":"image\/jpeg"}],"author":"Jeffrey P. Hess","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jeffrey P. Hess","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/#article","isPartOf":{"@id":"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/"},"author":{"name":"Jeffrey P. Hess","@id":"https:\/\/www.hessfineart.com\/#\/schema\/person\/cf21c7bb44110d7962c4526f437eb0a0"},"headline":"Underperforming Assets?","datePublished":"2018-03-04T15:10:41+00:00","dateModified":"2024-03-18T18:28:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/"},"wordCount":351,"publisher":{"@id":"https:\/\/www.hessfineart.com\/#organization"},"articleSection":["Collectibles","Other"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/","url":"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/","name":"Underperforming Assets? - Hess Fine Art","isPartOf":{"@id":"https:\/\/www.hessfineart.com\/#website"},"datePublished":"2018-03-04T15:10:41+00:00","dateModified":"2024-03-18T18:28:53+00:00","description":"We all have what my wife, Katrina Hess, calls \u201cunderperforming assets.\u201d Some we hang on to for sentimental reasons and, as we have always noted, not a.","breadcrumb":{"@id":"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.hessfineart.com\/articles\/other\/underperforming-assets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.hessfineart.com\/"},{"@type":"ListItem","position":2,"name":"Underperforming Assets?"}]},{"@type":"WebSite","@id":"https:\/\/www.hessfineart.com\/#website","url":"https:\/\/www.hessfineart.com\/","name":"Hess Fine Art","description":"","publisher":{"@id":"https:\/\/www.hessfineart.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.hessfineart.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.hessfineart.com\/#organization","name":"Hess Fine Art","url":"https:\/\/www.hessfineart.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.hessfineart.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/05\/logo.svg","contentUrl":"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/05\/logo.svg","width":251,"height":63,"caption":"Hess Fine Art"},"image":{"@id":"https:\/\/www.hessfineart.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.hessfineart.com\/#\/schema\/person\/cf21c7bb44110d7962c4526f437eb0a0","name":"Jeffrey P. Hess","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.hessfineart.com\/#\/schema\/person\/image\/","url":"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/06\/jeffrey-hess.jpg","contentUrl":"https:\/\/www.hessfineart.com\/wp-content\/uploads\/2022\/06\/jeffrey-hess.jpg","caption":"Jeffrey P. Hess"},"url":"https:\/\/www.hessfineart.com\/articles\/author\/hess\/"}]}},"_links":{"self":[{"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/posts\/3578"}],"collection":[{"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/comments?post=3578"}],"version-history":[{"count":9,"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/posts\/3578\/revisions"}],"predecessor-version":[{"id":15397,"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/posts\/3578\/revisions\/15397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/media\/3579"}],"wp:attachment":[{"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/media?parent=3578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/categories?post=3578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hessfineart.com\/wp-json\/wp\/v2\/tags?post=3578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}