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Vollmer Poured Silver Bars – Art Meets Bullion with VPS

Vollmer Poured Silver Bars - Art Meets Bullion with VPS

Update: Vollmer Poured Silver is now defunct.

I was browsing eBay a few months ago looking for unusual and exceptional tangible assets when I found something truly breathtaking.  Purely by chance, I stumbled across a magnificent hand-poured silver bullion bar emblazoned with the image of a kraken – a mythological sea monster in the form of a giant octopus.  I was enthralled.

I know my way around silver bullion, having written about bullion bars that have a component of collector’s value in the past.  And while I like a good vintage silver bar, I have also come to appreciate the investment potential of modern hand-poured silver bullion bars.

And the silver bar I had just found – with its high-relief sculptural elements and oxidized surfaces – was the absolute finest example I had ever laid my eyes on.  The angry kraken seemed almost alive, as if it was writhing across the bar’s slightly roughened surface.  A small skull and crossbones punched into the bar’s lower corner (along with the maker’s initials, VPS) lent a buccaneer air, completing the masterpiece.

It was utterly unlike any silver art bar I had ever seen before.

There was a catch, though.  It was made by a firm I had never heard of: Vollmer Poured Silver.  I realized immediately that I had to find out as much as I could about this extraordinary company.

Vollmer Poured Silver, also known by the acronym VPS, is a precious metal micro-foundry launched by Devin Vollmer in 2016.  Devin personally designs and hand-pours every art bar that leaves his studio, which is located in the rugged Berkshire Mountains of western Massachusetts.

And what gorgeous silver bars they are!

Devin skillfully weaves skull, dragon and pirate themes into a fantastical tapestry of precious metal delight.  In fact, I cringe a little at the use of the vanilla term “silver bar” to describe some of Devin’s work, which really borders on 3-dimensional sculpture.  Indeed, ultra high relief is one of the hallmarks of Vollmer Poured Silver bars.

I am also quite certain that Vollmer Poured Silver’s Berkshire address is no accident.  This achingly beautiful New England region, from the lush Housatonic River Valley to the imposing heights of Mount Greylock, has been a favorite haunt of artists for centuries.  Many famous creatives – from the sculptor Daniel Chester French (creator of the monumental Lincoln statue in Washington D.C.’s Lincoln Memorial), to the novelists Nathaniel Hawthorne (writer of The House of the Seven Gables) and Herman Melville (author of Moby Dick) – have called these picturesque rolling hills home.  So it isn’t surprising to me that such a talented artist as Devin Vollmer decided to set up shop in the Berkshires.

And make no mistake, Devin is an artist in the classic sense of the word.  He hand-sculpts and hand-carves the molds for every one of his works using mediums as varied as Petrobond, Delft Clay and graphite.  He then employs the ancient lost wax method and various sand-casting techniques to forge his works.  Simply put, Vollmer Poured Silver resides at that unique juncture between art and bullion.

Another factor that makes Vollmer Poured Silver bars so desirable is that fact that many of them are strictly limited in mintage.  It isn’t uncommon for Devin to only produce 5, 10 or 15 specimens of his more complex silver bar designs.  For example, the awe-inspiring kraken-themed bar pictured above was limited to a run of only 5 specimens.

Such small mintage numbers are highly unusual, even in the world of artisan hand-poured silver bullion bars.  For instance, the well-known company Yeager’s Poured Silver (YPS) usually produces limited edition runs of 100, 200 or even 500 bars.  And many YPS bars have uncapped mintages as well (although, to be fair, VPS has a few issues that are also unlimited).

Now please don’t misunderstand me.  I love Yeager’s Poured Silver.  I have happily purchased many of their products in the past, including a one kilo silver bar grab bag that hit all the right notes.  But, mintages aside, there is still a considerable difference between the CNC-assisted graphite mold designs that YPS specializes in and the free-form, hand-sculpting that Vollmer Poured Silver embraces.

Fine art does come at a high price, though.  You can expect to pay between $27 and $30 a troy ounce for VPS bars (with the price of silver hovering around $17) when purchasing directly from the VPS online shop.  Discontinued designs available only on the secondary market can easily exceed $32 a troy ounce.

This represents a substantial premium over bullion value, but one that I feel is well-justified based on Vollmer’s ridiculously low mintages and tremendous artistic skill.  Due to this unique combination of desirable attributes, Vollmer Poured Silver bars typically hold their value in the secondary market quite well.  And there is every probability that they will appreciate in value over time.

I also want to make a clear distinction between VPS hand-poured silver and the so-called silver art bars of the 1970s.  Although sometimes touted as a desirable vintage alternative by shady promoters, 1970s “art” bars really don’t have anything to do with art at all.  They often memorialized random or inconsequential themes, such as the Shriners, signs of the zodiac or go-go dancers, just to name a few.  And they were invariably machine struck via dies, which allowed for unlimited, mass-production runs.

In other words, Vollmer Poured Silver bars are handcrafted works of true art, while 1970s “art” bars are just bullion (and often ugly bullion at that).

Of course, there are other modern hand-poured artisan bar manufacturers out there besides VPS.  Mutiny Metals, MK Barz, Pit Bullion and Backyard Bullion are some of the better known micro-studios currently producing exceptionally beautiful work.  Much like Devin Vollmer, the owners of these companies strive to create unique and alluring hand-cast silver bars.  And while they all succeed in this endeavor, I believe that Vollmer Poured Silver bars stand out as being truly superb.

 

Read more thought-provoking Antique Sage investing articles here.

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Playing the Odds with Gorham Sterling Flatware

Playing the Odds with Gorham Sterling Flatware

I love old American sterling silver flatware.  I believe it is one of the most underappreciated and undervalued antiques currently available in the marketplace.  So you can imagine my delight when I stumbled across a partial set of Gorham sterling flatware selling below scrap value during an outing to a local garage sale last summer.

This was notable by itself, but became even more interesting when I was browsing eBay the other day.  I found a set of 6 Gorham sterling silver butter knives in the very same Etruscan pattern that I had purchased at the garage sale.  This beautiful set weighed in at a hefty 154 grams (4.95 troy ounces).  Unlike a lot of antique cutlery, these butter knives didn’t have stainless steel blades, so all of that weight was solid sterling silver.  Better yet, the buy-it-now price was only $82, plus $7.95 shipping and handling.

But before I delve too far into the financial specifics, I want to take a short detour to talk about The Gorham Manufacturing Company and its Etruscan pattern.

Gorham sterling flatware has a stellar reputation among antique silver collectors.   The company produced a broad range of designs to appeal to every taste – everything from the simple and staid to the exuberant and fancy.  Many of its designs – like Chantilly (1895), Buttercup (1899), Fairfax (1910) and Strasbourg (1897) – are still among today’s most popular silver flatware patterns more than a century after their inception.

Of course, Etruscan (1913) was also one of Gorham’s more popular patterns.  It was created by the firm’s celebrated chief designer, the Englishman William C. Codman.  From the moment he was hired in 1891 until his retirement in 1914, Mr. Codman was undoubtedly Gorham’s most valuable employee.  He contributed 55 flatware patterns to Gorham’s stable over his career (including the firm’s all-time bestseller – Chantilly) and was also the brainchild of its coveted Martelé line of hand-finished hollowware.

The Etruscan pattern’s sleek lines and geometric Greek key motifs foreshadowed the rise of 1920s Art Deco styling.  This is in spite of the fact that the Etruscan pattern had been designed in 1913, almost a full decade before the start of the 1920s.

Etruscan was so popular with well-to-do households that it was produced more or less continuously from its creation in 1913 until 1991, when Gorham retired it.  Unfortunately, the quality of Gorham sterling flatware declined starting in the early 1970s.  This is because the company was acquired by the industrial conglomerate Textron in 1967, which enacted cost-cutting measures.  As a result, vintage pre-1970 Gorham sterling flatware is preferred by astute collectors.

Now that we’ve had our brief history lesson, we can get back to the meat of this article.

The set of Gorham sterling flatware I found on eBay really got me thinking about intrinsic value and premium over melt.  With the spot price of silver hovering around $14.80 a troy ounce, the Etruscan butter knives I had been eyeing up contained about $68 worth of silver.  And the $82 asking price was tantalizingly close to the set’s scrap value.

This got me thinking.

One way to approach antiques that possess intrinsic value, like Gorham sterling flatware, is to calculate the cost over melt value.  This is known as the premium, which in this case was 32% ($82 asking price + $7.95 shipping = $89.95 total cost / $68 melt value).

A 32% premium is low…real low….ridiculously low, especially considering that we are talking about a matched set of desirable sterling cutlery that is most likely 50 to 100 years old.

But regardless of how enticing this deal might seem, it is important compare it against what else our $90 could buy us.

One obvious alternative to Gorham sterling flatware is to invest in a plain silver bullion bar.  If you shop around, you could find a generic 5 troy ounce bar for maybe $83 (with spot at $14.80 an ounce).  Many online bullion dealers have free shipping on order over $100, so assuming you could top-off the order, you would pay no shipping.  This works out to a cost per ounce of around $16.60 – a premium of just over 12%.

Now, does paying an extra 20% premium (32% for the sterling butter knives – 12% for the bullion bar) – equivalent to about $3 an ounce – make sense?  Is the old Gorham sterling flatware worth the extra expense?

This is where things get interesting.  You see, when you buy a bullion bar you are just buying a slug of metal.  It will never be worth more than the spot price of silver, provided it isn’t a vintage or poured bullion bar.  And the cheap generic silver bar cited in the thought experiment above definitely doesn’t fit into either of those special categories.

But sterling silver flatware is different.  Like all antiques, it has optionality – the possibility that it could sell for more than its bullion content to a collector based on its artistic merit, utilitarian application, historical significance or some combination of the trio.  In addition, sterling flatware’s value is anchored to the price of silver as well.  This means there are two potential ways to profit from antique sterling flatware: through a rising silver price or rising collector demand.

 

Vintage Gorham Sterling Flatware for Sale on eBay

(This is an affiliate link for which I may be compensated)

 

The key is to not pay too much for that optionality.

With the Gorham sterling butter knives in the example above, the total cost of the optionality is a piddling $13.74.  This is mind-numbingly low.  Less than $15 in premium buys you a century of history from an iconic American luxury firm rendered in solid precious metal.  I’m comfortable playing the odds on this one.

And if you think a $15 premium is too much to pay, you could always wait for an eBay flash sale, where discounts of between 8% and 15% are available.

In addition, Gorham sterling flatware’s optionality – although puzzlingly cheap at the moment – never lapses or expires.  Buy the knives today, throw them in an old drawer and forget about them.  In 20 or 30 years, they will still be there, just as precious and beautiful as the day you hid them away.  The only difference is that they will have another couple decades of history behind them and perhaps need a good polish.

Oh, and they’ll probably be worth a lot more money than they are now.

Just how much longer can we expect to enjoy such obscenely good deals in the antiques market?  How much longer can 100 year old treasures sell for hardly more than the value of their recycled raw materials?

I don’t know the answer to that.

But I do know one thing; I’m buying antiques with both fists.  And if you want to diversify away from that insane fraud factory we call a stock market, you’ll buy too.

 

Read more thought-provoking Antique Sage investing articles here.

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A Fat Emergency Fund Is Vital to Antique Investors

A Fat Emergency Fund Is Vital to Antique Investors

Commonly-held financial wisdom is that everyone should have 3 to 6 months worth of expenses readily available in cash as an emergency fund.  This might take the form of a high yield savings account, money market fund, short-term bank CDs or other high quality, liquid financial instruments.

And while this is sound advice for the average household, art and antique investors would be wise to go the extra step when building their emergency funds.

Why do I suggest this?

That’s simple.  Art, antiques and other tangible assets can be some of the most lucrative investments currently available to the average person.  But they do have one big downside; they are almost always extremely illiquid.  This means they have wide spreads between their bid (selling) prices and ask (buying) prices.

So if you need to sell your prized antique collection on short notice to raise much needed cash, you will likely be disappointed in the prices you receive.  And this little tidbit of advice is doubly true if you happen to be trying to sell illiquid art and antiques in the midst of a severe recession.

That realization brings us to my next point.  Some of the most reliable economic indicators point to the high probability of a recession in the United States within the next 12 to 24 months.

For example, U.S. job growth in May of 2019 was only 75,000, well below the 200,000+ that is typical of a robust economy.  Durable goods orders have also been uncharacteristically weak.

But the real tell is the U.S. Treasury yield curve.  This respected economic indicator is massively inverted right now, with the 3-month T-bill trading at a whopping 35 basis point premium to the 10-year Treasury note.

 

10 Year-3 Month U.S. Treasury Spread

Graph of the 10 Year U.S. Treasury – 3 Month U.S. Treasury Spread

 

This is a highly anomalous situation.  Under normal circumstances, the yield curve gently slopes from the lower left-hand corner of a chart to its upper right-hand corner.  This means that shorter dated Treasury securities typically trade at lower yields than longer-dated Treasuries.  An inverted yield curve, where short-term Treasuries have higher yields than long-term Treasuries, is a surefire sign of financial trouble ahead.

The upshot of all these economic statistics is that something wicked this way blows.  If you don’t have a healthy emergency fund right now, then you need to get one in a hurry.  And if you happen to be an art or antique investor, you need to have a fatter emergency fund than most other people.

How much fatter?

I think it makes sense for tangible asset investors to stash anywhere from 8 to 16 months worth of household expenses.  This is more than double the level typically recommended for the average family.  So if you have expenses of $3,000 per month, I believe keeping anywhere between $24,000 and $48,000 in readily accessible cash is a good idea.

This might seem like an impossibly large sum of money to the average person, but there is a method to my madness.

You see, the next recession we experience is likely to be beyond anything within living memory.  The global “Everything Bubble” has distorted our economy into a grotesque parody of a properly functioning market.  This has lead to the rise of disruptive profitless prosperity companies, like Uber, Netflix, Tesla and WeWork.  But these bubble companies are completely dependent for their survival on investors throwing ever greater sums of effectively free money at them.

As the economy slows down, that is becoming an increasingly unlikely proposition.  Consequently, over the next few years we are likely to see massive job losses, widespread corporate bankruptcies and a crashing stock market.  In other words, we will experience a mega-recession.

As an investor, it is critical to avoid a situation where you are forced to panic liquidate your treasured art or antiques collection into a brutal bear market.  This is why it is vital that you build yourself a healthy emergency fund before the financial maelstrom hits.

So where should you put your cash stash?

While FDIC-insured savings accounts and bank CDs are perennial favorites, I favor brokered CDs at the moment.  These are bank-issued, FDIC-insured certificates of deposit that can be bought and sold through your brokerage account, just like a stock.  So you can sell a brokered CD before its maturity date if the need arises (although you may receive more or less than you originally paid, depending on whether interest rates have fallen or risen).

This is important because it is highly likely that the Federal Reserve will be cutting rates in the future, rather than raising them.  So while savings accounts, T-bills and money market funds will pay less interest as time goes on, a brokered CD with a maturity date several years in the future will continue to pay today’s higher interest rate right up until maturity.

As an added bonus, banks are relatively cash-starved right now, leading them to offer much higher interest rates than you can get on a comparable Treasury security.  For instance, the 5-year Treasury note is currently paying around 1.6%, while brokered CDs with comparable maturities are paying 2.2%.  The 60 basis point pick-up a brokered CD gives you over Treasuries is significant.

Another intriguing possibility for your emergency fund is inflation-adjusted U.S. savings bonds.  Series I savings bonds pay a fixed interest rate that is then modified for movements in the consumer price index.  Now, normally I hate savings bonds as an investment, but using them as a cash-alternative is the one situation where I think they excel.

Right now I-bonds are paying a real (inflation-adjusted) interest rate of 0.5%.  This might not seem like much, but it is actually quite good once the inflation component is factored in.  It is the highest rate these financial instruments have offered within the past decade.  It also beats out the real interest rate available on government TIPS (Treasury Inflation Protected Securities) out to a maturity of 30 years!

As an added bonus, U.S. savings bonds are tax-deferred, with no tax liability on the accrued interest until the bond is redeemed (which can be as long as 30 years).  And because they are obligations of the Federal Government, any interest earned is exempt from both state and local taxes.

The downside is that I-bonds are not redeemable for the first 12 months after purchase, so make sure you have some other cash available if you plan on adding I-bonds to your emergency fund.  There is also a penalty equal to the last 3 months of accrued interest if the bonds are redeemed before 5 years has elapsed.  And purchases are limited to $10,000 for each individual’s Social Security number per calendar year.

Despite these drawbacks, I think I-bonds are a great way to pad out an emergency fund.  They provide competitive interest rates (currently 0.5% real + 1.4% inflation = 1.9% total) that are resistant to declines in the Fed Funds Rate, while also providing perfect liquidity (once the 12 month no redemption period has expired).

You’ll have to hurry if you want in on the action, though.  The fixed, real interest rate on newly-issued I-bonds is adjusted every 6 months (on May 1st and November 1st).  And the current 0.5% rate is sure to be adjusted down on November 1, 2019.  So load up while the rates are still high!

 

1/4 Troy Ounce Gold Bullion Coins for Sale on eBay

(This is an affiliate link for which I may be compensated)

 

I would be remiss if I didn’t mention the final candidate for a well-capitalized emergency fund: gold.  Gold is the most liquid of the precious metals with a bid-ask spread of typically no more than $1 a troy ounce.  It can easily be bought or sold anywhere in the world.  And it is immune to the ravages of inflation and currency debasement.

Gold is the epitome of financial stability in our bubble-addled economy.

Global central banks, including the Chinese, Indian and Russian central banks, have been loading up on the precious yellow metal for the past several years.  They know that a financial debacle is coming and that gold is the ultimate money.  So holding a little gold in your own portfolio might not be a bad idea, either.

Of course, if you already have a healthy emergency fund, then by all means consider putting more money into your art and antique investments.  These desirable tangible assets will undoubtedly be some of the best performing investments over the next couple decades.  Just make sure that you have enough cash in your emergency fund to weather the financial storm that is sure to come.

 

Read more thought-provoking Antique Sage investing articles here.

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Understanding Exotic Wood Burls

Understanding Exotic Wood Burls
Photo Credit: Housing Works Thrift Shops

What are wood burls?

A burl is the abnormal growth of a tree associated with some environmental stress.  Burls are believed to be the result of an insect infestation, fungal, bacterial or viral infections or physical damage from lightening, logging or natural tree-fall.  They usually take the shape of a bulbous mass or protrusion near the injury, although they can sometimes form in the root system below ground level.

 

Why are wood burls desirable?

In contrast to its homely exterior, the inside of a wood burl is a wondrous thing.  Wood burls are, simply put, everything that make fine wood special distilled into a single, gorgeous package.  They invariably contain the most complex and intriguing grain patterns found in all of woodworking, including (but not limited to) blister, curly and bird’s eye figures.  Indeed, it is not uncommon to find every one of these covetable elements incorporated into a single burl.  Predictably, this makes burls visually stunning, particularly when combined with a boldly colored wood.

 

How are wood burls used?

Burls are employed anywhere a relatively small, aesthetically appealing wood surface is desired.  Furniture will often incorporate thin burl veneers to cover larger areas cost effectively.  But smaller items such as jewelry or valet boxes, fountain pens, turned bowls, objets d’art and custom knife and gun handles can be made from solid wood burls.  Basically any wooden luxury item can be fashioned from burl, provided the end customer is willing to pay the often substantial price tag.

Working with burls is a delicate process and high wastage is commonplace.  Because of their irregular formation, it isn’t unusual for wood burls to be full of voids, sap pockets, silica, bark and even rocks (for root burls).  This makes the woodworker’s job very difficult.  Exceedingly sharp tools made of super hard alloys help prevent tear-out due to the highly figured, interlocking grain.  But years of experience are the best ally of the craftsman who wants to fashion raw burl into a woodworking masterpiece.

 

Why are wood burls so expensive?

The answer to this question is fairly simple – because they are rare and in extraordinarily high demand.  Wood burls only form unpredictably from anomalous situations – an insect infestation, physical trauma, etc.  Therefore, there is a substantial element of chance in their formation.

In addition, many tree species are not naturally predisposed to the formation of burls.  If these species should suffer the injuries mentioned above, they will more often than not simply die without forming a burl at all.

Burl’s unusual origins mean that it cannot be successfully cultivated via plantation-style tree farms.  Many species of commercially important lumber trees – teak, mahogany and pine, for example – have been adapted to tree plantations where their growth can be specifically regulated and accelerated.  But it isn’t possible to reliably stress a tree in the proper way to ensure the creation of a burl.  In most instances, you would just kill the unfortunate tree.

Therefore, burls are only created in nature by happenstance and then discovered by dedicated loggers who must slog through dense forests, steep mountains and remote wilderness to secure them.  Given the difficulties in procuring them, it is a wonder that wood burls are as widely available in today’s marketplace as they are.  However, with mankind’s continued destruction of forests and other natural habitats, this relatively widespread availability might not persist.

 

Types of wood burls

As mentioned above, some tree species are naturally predisposed to the creation of burls while most are not.  I have listed below the kinds of trees that commonly form burls, which also makes them the most frequently encountered wood burls in a commercial setting.  This list is meant as an overview only, however, and is undoubtedly incomplete.  In addition, it is occasionally possible to find wood burls for sale from species that do not normally produce them.  Those tree species, of course, will not be covered here.

 

Walnut Burl

There are actually several different species of walnut that tend to form burls: English Walnut (Juglans regia), Black Walnut (Juglans nigra) and Claro Walnut (Juglans hindsii).  English Walnut’s natural range extends from Eastern Europe to Western Asia, while Black Walnut is native to the Eastern United States.  Claro Walnut is a closely related species found exclusively in Oregon and California.

Walnut burls, with their rich chocolate tones and wild figuring, are among the most desirable of wood burls.  They have been used in Europe for hundreds of years in high end furniture and wood turning.  Indeed, it isn’t uncommon to find 18th century Georgian and 19th century Victorian antiques that lavishly employ walnut burls in both veneer and solid form.

 

Carpathian Elm Burl

English Elm (Ulmus procera) is a large tree found in Western Europe that features light reddish-brown wood.  English Elm is often referred to as Carpathian Elm when it comes in burl form, even though these are really the same species.  This type of burl most commonly comes in veneer form with solid material being rather scarce.  The grain patterns on Carpathian Elm burl usually consist of very tightly packed bird’s eye elements caught in swirling eddies.

 

Black Cherry Burl

A deciduous hardwood from the Eastern U.S., Black Cherry (Prunus serotina) timber has been prized for centuries for its superior workability and glowing, reddish-brown patina.  Although it is fairly widespread from a geographical perspective, Black Cherry trees reach their largest dimensions in the primeval Appalachian forests of central Pennsylvania.

Cherry wood’s almost legendary status is elevated even further when found in its rare burl form.  Bird’s eye elements and gently meandering grain patterns accentuate the wood’s naturally rich rose tones.  When cherry burl does come on the market it is invariably scooped up by experienced woodworkers for turned bowls, knife scales and other fine woodcrafts.

Although the Black Cherry species dominates the cherry lumber trade, its smaller European cousin – Sweet Cherry (Prunus avium) – yields very similar burl material on occasion.

 

Buckeye Burl

The Buckeye (Aeculus octandra) is a rather unusual tree, at least from a woodworker’s perspective.  This medium-sized deciduous tree is a resident of the Eastern United States.  But its wood is a boring, creamy-white color with little in the way of interesting grain features.  In addition, its timber is soft and weak, making it ill-suited for most structural purposes.  Under most circumstances, Buckeye wood has no commercial use.

Buckeye burls, on the other hand, are an eye-catching kaleidoscope of intense blue-blacks contrasted against golden-tinted ivories.  Buckeye is a root burl, meaning it often contains irregular void pockets, along with sand and small rocks.  In spite of this, wood-loving craftsmen cherish this burl for its unique color palette and amazing grain patterns.

 

Redwood Burl

Redwoods (Sequoia sempervirens) are renowned coniferous denizens of the California coast, towering up to 300 feet (90 meters) tall with diameters of as much as 12 feet (3.7 meters).  Redwood lumber is renowned for its ability to weather the elements, making it a natural choice for decking and outdoor furniture.

But it is Redwood burl, with its impossibly intricate lace patterns and intense reddish hue, that has really captured the modern imagination.  Because Redwoods are among the world’s largest trees, it isn’t uncommon for their wood burls to be absolutely massive.  This makes it possible to occasionally find solid burl slabs large enough to fashion into dining tables or other large showpieces.  A large slab of Redwood burl can easily go for more than $1,000 on the open market.

Unfortunately, the high prices and unflagging popularity of Redwood burls have prompted poachers to illegally harvest the wood from trees located in protected national and state parks.  Of course, reputable lumber dealers will not touch these poached goods.

 

Bigleaf Maple Burl

The Bigleaf Maple (Acer macrophyllum) is a variety of soft maple that grows in the Pacific Northwest of the U.S. and Canada.  This impressively large tree reaches sizes of up to 100 feet (30 meters) tall with a diameter of up to 3 feet (1 meter).  Bigleaf Maple timber is considered a good all-purpose wood, albeit somewhat visually boring.  Consequently, it is fairly low in price.

All that changes when we start talking about maple burls, though.  Instead of an uninspiring beige or white color, Bigleaf Maple burl sports an array of colors ranging from orange to coral to golden-cream.  In addition, it is sometimes possible to acquire spalted maple burl, which is wood that has been exposed to fungus.  This creates wildly contrasting grain patterns lain overtop the already mentioned sumptuous colors.  Bigleaf Maple burls also commonly come with live edges, which skillful woodworkers can exploit to create artistic masterpieces.

 

Madrone Burl

The Madrone (Arbutus meziesii) is a medium-sized broadleaf evergreen tree endemic to the U.S. Pacific Northwest.  This tree goes by several other names, including Madrona, Pacific Madrone and the rather whimsical Strawberry Tree.

Plain Madrone wood isn’t often used in woodworking because it is subject to severe warping.  However, its hard, dense root burls are in perpetually high demand from knowledgeable woodworkers.  They are not only magnificently figured, but also sport delicately cream-colored wood with pink to light red overtones, which makes for a visually stunning wood burl.

 

Myrtle Burl

Myrtle (Umbellularia californica), otherwise known as Oregon Myrtle, Pepperwood or California Bay Laurel, is a medium-sized evergreen hardwood native to California and Oregon.  Plain Myrtle wood is easy to work with and finishes well, a real bonus when combined with its striking range of colors.

Those marvelous colors – honey yellows, butterscotch browns and dulcet oranges – make Myrtle burl particularly appealing.  It is even possible to find Myrtle burl that sports wild black or violet highlights.  These unique color combinations are the result of slight variations in the mineral content of the soil the trees grow in.

Myrtle burl is incredibly expensive for a domestic hardwood, but might just be the perfect burl for the woodworker who wants to try something a little bit different!

 

Eucalyptus Burl

Almost all eucalyptus trees are native to Australia, where almost 700 different species in the genus reside.  Despite this genetic diversity, eucalyptus wood tends to share certain physical similarities that make it an excellent general purpose lumber.  These include high density, excellent hardness and good strength.

Eucalyptus burls, however, take these desirable physical properties and supercharge them with magnificent resin veining, bird’s eye figuring and crotch patterns.  Although the eucalyptus genus as a whole is susceptible to forming burls, certain species are particularly noteworthy.

For example, Jarrah (Eucalyptus marginata) – a eucalyptus found in southwestern Australia – is renowned for its deep burgundy color and the incomparable figuring of its burls.  For those who are interested, I recently featured an outstanding contemporary Jarrah burl watch box in the Spotlight section of my website.

River Red Gum (Eucalyptus camaldulensis) is another well known reddish eucalyptus burl, although it usually isn’t as strikingly figured as Jarrah burl.

Yellow Box (Eucalyptus melliodora) forms desirable burls with a characteristic, yellowish-cream to golden-brown color.

Red Box burl (Eucalyptus polyanthemos) is the final eucalyptus burl commonly encountered.  Burls from this species can be an intense brownish-red, making it a favorite of woodworkers looking for the perfect color for that special project.

There are, of course, many other eucalyptus burl species not mentioned here.  And woodworkers interested in Australian burls should note that pockets full of sand, dirt and rocks are fairly common hazards.  Even so, the stunning beauty of eucalyptus burls makes them well worth the effort.

 

Thuya Burl

Thuya (Tetraclinis articulata) is one of the more interesting and exotic trees in our list.  Native to the remote Atlas Mountains of Morocco, this relatively small coniferous tree is a member of the Cypress family – Cupressaceae.  Thuya wood has been used since ancient times, and was highly prized by both the Greeks and Romans for its pleasant fragrance and mesmerizing orange-brown to red-brown root burls.

In fact, Thuya was purportedly used – along with the famous cedars of Lebanon – to construct King Solomon’s Temple in Jerusalem.  In the 1st century BC, the famous Roman politician Marcus Tullius Cicero bought a Thuya burl table for the princely sum of 300,000 denarii.  This sum was more than 1,300 times the annual salary of an average Roman solider.

Today, Thuya burl is becoming much scarcer because of the tree’s limited geographical range and widespread deforestation.  As a result, Thuya burls are typically only available in small sizes.

 

Amboyna Burl

Amboyna burl is actually derived from multiple tree species in the Pterocarpus genus, most notably the Narra tree (Pterocarpus indicus) and Burma Padauk tree (Pterocarpus macrocarpus).  These tropical hardwoods grow in the rainforests of Southeast Asia, Indonesia and Borneo.

Amboyna burl first came to the attention of Europeans in the late 18th century, when the colonial powers in Southeast Asia began to import it into Europe in quantity.  It quickly became one of the world’s most favored burl woods – a title it still retains.  Today, Amboyna burl is often used for the interior trim of ultra-expensive luxury cars like Bentleys and Maybachs.

Demand for Amboyna burl has been so strong that it can be difficult to source in larger sizes due to overharvesting.  Expect to pay egregiously high prices when you do manage to find any, regardless of its size.

Amboyna burls range in color from a light, honey-gold to a strikingly rich red.  It also displays wonderfully complex figuring, including bird’s eye, crotch and blister patterns.  No wonder Amboyna burl is the most prized wood burl on the planet!

 

Camphor Burl

The Camphor tree (Cinnamomum camphora), or Camphor laurel as it is sometimes known, is a tropical hardwood found in Southeast Asia.  This is another one of those trees where the plain wood is considered below par in the woodworking world.  It isn’t as strong or hard as many tropical hardwoods and has a fairly mundane, light brown color that is often mixed with rather unattractive olive or gray tones.  Because of this, plain Camphor wood is rarely exported for commercial purposes.

Camphor burl, however, is a completely different animal.  Here the wood takes on a much more vivid golden-brown color complemented by intense curly figures interspersed with bird’s eye patterns.  Camphor burl is commonly available in both veneer and solid burl forms, and is often used for electric guitar tops.  One unusual fact about Camphor wood is that freshly worked material smells strongly of root beer!

 

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