Does it matter if the works are restored? It depends on whether the
artisan was famous and produced movements in a unique style. People began
collecting clocks a century ago; prior to that, parts of even unique clocks were
routinely replaced when they malfunctioned. If you are buying a precision clock
by a famous maker who used a unique style, it is very important that the
movement be that of the workshop.
What about clocks made by less renowned craftsmen? In these cases, it is
not as crucial. I once bought an early 18th-century English clock in a lacquer
case. When I looked at the movement, I saw it was restored in about 1850. That
is perfectly fine; it was an honest repair. The owners went to a competent
clockmaker, and it was repaired well. A clock of that sort with all the original
parts will be worth more, but they are pretty hard to come across.
How much does rarity affect value? Many clocks are not unique, but if it
is a rare piece, and in good condition, that will drive up the price. If it is
an ordinary piece, the buyer can pick and choose. For example, English clocks
with pagoda tops and mahogany cases were made in London from 1750 to 1790 in
huge quantities. These can be acquired for a reasonable price. However, if you
find one by a famous maker such as John Ellicott, who set up his London shop in
the 1690s, it may set a record price.
Should you buy antique clocks at auction? This has several drawbacks; one
of the most serious is the absence of a guarantee that the clock works. In fact,
all the auction house disclaimers essentially boil down to caveat emptor. They
will guarantee the authenticity of the clock; if they say it is an 18th-century
piece, you can rest assured that it is. However, they do not guarantee the
condition. To know whether it is working or not, you need a good inspector.
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