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Passion Investments: Collectibles
Blade Runners
Jonathan Green
05/01/2007

Islamic Icons
In such a heavily researched field, collectors are hard-pressed to find relative bargains among Japanese pieces. But serious devotees agree that one underappreciated area—and one of the best potential investments—is Islamic swords. "They are hugely undervalued for what they are," says Los Angeles collector and dealer Oliver Pinchot. "We all thought 9/11 would bring the Islamic market crashing down around our ears. But it didn’t. It sent it through the roof." Pinchot describes the best of these blades as wonderfully sinuous and curved and ornamented with gems and gold. They can often be found inscribed with prayers for the success of the owner or the name of a ruler at the time they were forged. But unlike European blades, Islamic swords were not mass produced, so collectors cannot date them by arsenal marks or from ordnance records.

Islamic blades are famed for their Damascus steel. This revolutionary sword-making process was first developed 10 centuries ago and struck fear into the European knights during the Crusades. It was said that Damask blades with their distinct "watering" patterns could shred lesser blades like ribbons. Beautiful crescent-shaped shamshir from 18th-century India or Turkish kilijes are wonderfully elaborate, yet woefully underappreciated. They start at roughly $2,000.

Yet would-be collectors should beware of deals that seem too good to be true. The sword market, particularly on eBay, is awash with fakes, and a bogus manufacturing business continues to thrive. "It’s so easy to do," Withers says. "They’ll stick the sword in the ground, leave it there for six months, smear it with horse dung, and then stick it on eBay and say it’s a medieval sword."

Spotting an authentic sword from a replica can be almost impossible, even for professionals. "Everyone from dealers to experts has had his fingers burned at least once," Withers says. "A lot of fake rapiers were made in the 19th century just for house decoration. Telling them from the real thing can be very difficult." He counsels novices to build a relationship with a dealer whom they trust, so that they stand a chance of receiving a refund if an acquisition turns out to be a fake. Most collectors spend years gaining the confidence to buy a sword without professional guidance.

But perhaps the best advice is to try to follow the example of those whose investment in a sword was literally a life-or-death proposition, according to Pinchot. "Pick it up, feel its form, feel how it sits in your hand. Does it feel good to hold? And then try to imagine if you—like the previous owner—would ride out and stake your life on it."

Photographs by Sotheby’s Hong Kong.

Jonathan Green is a freelance writer based in New York.

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