Singular Madura Keris for comment

David · 29th January 2019, 11:07 PM

Quote:

Originally Posted by A. G. Maisey

The amount of money that I consider to be too much for a repair that I need to pay for is the amount that I cannot recoup if I wish to sell the restored object.

It is the same with anything that you invest money in:- you want to get back the money you have invested + opportunity cost as a bare minimum, if you can make a small profit, that's good too, but it is not essential. What you do not want is to have more money invested in something than you can sell it for.

In respect of this keris, just for the sake of argument, let's say I bought this in Jawa from a dealer. If I were to add $US100 to the purchase price I would need to pay, and I sold it fairly quickly, so that opportunity cost was not significant, the price I would need to ask would make it impossible to sell on the market I sell in.

However, if had bought it cheaply at a weekend market, or from somebody who did not know its value, then maybe $US100 would not be too much.

The cost that makes a repair unreasonable is the cost that causes you to lose money when you sell the object, and that applies to anything at all that you invest money in.

Alan while i completely understand your school of thought here in regards to possible re-sale i hope you equally understand that from my own perspective the concept of resale or collecting a keris with the concern of whether i could ever recoup my investment is the furthest thing from my mind. This is not to say i have not, over the years, tired of older members of my family that perhaps no longer meet my standards as a worthy item to maintain in my collection, but i generally don't have much concern in those cases over the amount of money i am able to get when i sell those pieces. I do completely understand, however , why that would not be a viable strategy for yourself.

A. G. Maisey · 29th January 2019, 11:44 PM

My problem is this David:- I have spent too much time in Jawa, and the standards of the people there have influenced the way I think, this when combined with my accounting background does mean I think in a different way to that of collectors who are outside Javanese society.

The keris is really only the blade, the wilah, all the items of dress are just that:- dress. As with old clothes, keris dress should be replaced when it is shabby, damaged, or out of style.

Up until about the mid to late 1990's nobody in Solo valued older keris dress, but then keris collecting took off, some say in response to the economic woes of Indonesia at the time, and the local dealers and collectors began to realise that collectors in the rest of the world could value old keris dress much more highly than the keris itself. They did not understand this way of thinking, but they did understand that older dress, even if shabby and damaged could be worth big money. That was when the value of old or unusual keris dress escalated.

This keris we're talking about, and particularly its problematic pendok would be solved quite simply in Solo:- the old pendok would be scrapped and a new copy made. Much easier to do that than fiddle around trying to fix something that will never be like new anyway, no matter what you do to it, and in terms of respect to the keris itself, far preferable to giving it a bodgied up overcoat. One pays respect by giving a keris new dress, not by repairing old.

As regrettable as it may be to some of us, the keris is a vehicle for investment, this is the base reason for the existence of the Solonese tangguh system. As with any form of investment, it is not at all wise to over capitalise. This applies as much to a keris as it does to a house.

We can always make an emotional decision, and I've done this too, but too much emotion can cost money, objective decisions are less costly in the long run.

29th January 2019, 11:44 PM	#2
A. G. Maisey Member Join Date: May 2006 Posts: 7,048	My problem is this David:- I have spent too much time in Jawa, and the standards of the people there have influenced the way I think, this when combined with my accounting background does mean I think in a different way to that of collectors who are outside Javanese society. The keris is really only the blade, the wilah, all the items of dress are just that:- dress. As with old clothes, keris dress should be replaced when it is shabby, damaged, or out of style. Up until about the mid to late 1990's nobody in Solo valued older keris dress, but then keris collecting took off, some say in response to the economic woes of Indonesia at the time, and the local dealers and collectors began to realise that collectors in the rest of the world could value old keris dress much more highly than the keris itself. They did not understand this way of thinking, but they did understand that older dress, even if shabby and damaged could be worth big money. That was when the value of old or unusual keris dress escalated. This keris we're talking about, and particularly its problematic pendok would be solved quite simply in Solo:- the old pendok would be scrapped and a new copy made. Much easier to do that than fiddle around trying to fix something that will never be like new anyway, no matter what you do to it, and in terms of respect to the keris itself, far preferable to giving it a bodgied up overcoat. One pays respect by giving a keris new dress, not by repairing old. As regrettable as it may be to some of us, the keris is a vehicle for investment, this is the base reason for the existence of the Solonese tangguh system. As with any form of investment, it is not at all wise to over capitalise. This applies as much to a keris as it does to a house. We can always make an emotional decision, and I've done this too, but too much emotion can cost money, objective decisions are less costly in the long run. Last edited by A. G. Maisey; 30th January 2019 at 12:19 AM.