Watching todays episode of Flog It!, I can't help but thinking that there is something wrong with the antique business when someone is willing to pay �2200 for the scruffiest looking teddy bear, just because it was a Steiff.
Did you not see the Antiques Roadshow last Sunday? There was a report on there about somebody who brought a bear to a previous edition from Northern Ireland and sold it at auction in London, for - wait for it - �20 grand!
The value of a product is what somebody is prepared to pay for it. Simple as that. Luckily for the antiques market there are a lot of people about "with more money than sense", as my old Mum used to say.
It's the same in the art world - look at the rubbish that is sold for huge amounts of money, an unmade bed for example, or a large white canvas with different coloured circles painted on it.
My argument with the antiques business is that it seems that something which is lovingly and sensitively restored is worth less than the same item in a tattered and useless condition.