Last Thursday night, a burglar stole an antique clock valued at £65,000 from Temple Newsam House in Leeds the Yorkshire Post reports. The antique clock, which is 2 feet high dates from the early 19th century. Police are positing that the raid may have been targeted as the thief only took one item. The piece is very elaborate, and widely known, according to the article. Thus rendering its potential market quite slim.
The question then becomes, why would the item be stolen if its difficult to sell. As I see it, there are four potential answers to this question.
The first, is that a wealthy collector admires the piece, and hired a thief to take it for him. I’ll call this the Dr. No situation. This seems the least likely possibility, but the one that strikes a chord with the imagination. Writers in this subject frequently cite the Dr. No as being responsible for thefts, and I admit it makes for good Bond villains, but there has been no convincing evidence that thsi is why people are stealing rare objects. Another similar possibility which seems far more likely is that an unscrupulous dealer may have a similar piece for sale, and if he can establish some excitement around these kinds of pieces, the price for his clock may go up. This is just wild speculation, and assigns a quite sinister tak to arts and antiquities dealers, a habit far too many writers in this field are fond of doing.
Second, the thief may not have known that the object was so rare as to make its subsequent sale difficult.
Third, the thief may simply be trying to kidnap the object. They could then insure its safe return for a generous reward, probably negotiated through a solicitor. Let’s assume now that those in charge of the Temple Newsom House are interested in generating more visitors, and a buzz around the clock. Perhaps they even staged the theft, and its sudden reappearance could become quite a windfall for the house, especially if it is struggling financially. This, of course, is wild speculation, and no evidence exists that this kind of activity takes place.
Finally, perhaps the market is doing such a poor job of regulating what is and is not legitimate, that it may not be all that difficult to sell this piece after all. This strikes me as the most troubling possibility.