Will Prices Rise for Japanese Antiques?

Pictures of the destruction caused by the earthquake and tsunami in Japan tell us of huge loss of life and property. Our sympathies go to all who are suffering. But like those who write about the stock market, we are being asked to comment on the Japanese collectibles market–the part we always write about, pieces used in everyday life in the past. We think the events will lead to a greater interest in Japanese wares. Satsuma, Imari, netsukes, ironwork, woodblock prints, baskets and other pieces showing artistic skill and craftsmanship have been collected outside of Japan since the 1950s. Many pieces, like elaborate Noritake ceramics, were made in Japan for export and are almost always found outside of Japan. Every day pieces will go up in price because many new buyers will appear and unknown pieces that have long been in homes outside of Japan will be found. Museum-quality art prices have been going up the last two or three years and will continue to sell for high prices to those outside Japan and even to major Japanese buyers who want to be sure the national treasures are displayed in Japan. As Japan heals, the country’s heritage and pride in the past will be more important than ever.