VINELAND, NJ.- In California, the term private reserve usually refers to wine of particularly high quality often a type that has aged over a long period of time. It also describes to a T the Clive Devenish bank collection, whose contents have aged serenely for decades in their owners various California homes. Undoubtedly one of the all-time great bank collections, it also stands out as being one of the least publicized, known to few in the hobby. That will change on Saturday, October 3rd, when
Bertoias presents at auction Part I of the Clive Devenish collection of mechanical, still, tin and spelter banks. All forms of bidding will be available, including live via the Internet.
Clives banks are going to astound collectors, not only because of their rarity and fabulous condition but also their provenance, said Bertoia Auctions associate Rich Bertoia. Clive was able to buy banks from the heirs of several legendary early collectors, including Ferdinand Wieder, Leon Cameto and Hall Henry. He also has banks that were formerly in the Stan Sax, Edwin Mosler, Bill Norman, and Stephen and Marilyn Steckbeck collections. Bertoia said some of the banks were initially added to collections in the 1930s and only changed hands twice over the next 85 years, explaining their exceptionally fresh condition.
Devenish also bought through his own local network of bank enthusiasts. He recalled: I knew other collectors around California during the 1980s, and consequently I was able to purchase several collections, including those of Charles Klappert from La Jolla, in 1986; and Morley Golden from San Diego, in 1987. Goldens collection already had a pedigree, since it included many banks purchased from Hubert Whiting of Rancho Bernardo.
There are several other factors to consider when pondering the foresight it must have taken to acquire so many impossibly beautiful banks before there was an established secondary market for them. One of those factors may have been genetic. Devenish grew up around exquisite antiques. His father, English-born Thomas A. Devenish, was a renowned Madison Avenue antique furniture dealer known for his impeccable eye. From an early age, Clive understood the importance of originality and condition, qualities later reinforced by his close friends and mentors John Haley and the late Donal Markey.
It was, in fact, Haley who advised Devenish that his most important tool was his eyes and that he should develop that attribute, Devenish recalled. Markey, who was known for his astute, academic approach to collecting, taught Devenish how to use black lights and loops, and how to identify repaints. His tutelage was a springboard for many savvy bank purchases Devenish would make over the years.
Apportioned into 175 lots, Bertoias single-owner sale of the Devenish collection will open with mechanical banks, which comprise 85 to 90% of the sessions entries. A premier mechanical is the Kyser & Rex Roller Skating Bank, ex Steckbeck collection, which Bertoia describes as a gem. It is expected to sell for $150,000-$175,000.
Several banks are accompanied by their coveted original boxes: a Chief Big Moon (so bright you need sunglasses), a Mason bank, a Shepard red-version Speaking Dog, and a yellow, flanged-base version of a Horse Race bank, ex Bill Norman collection. We took a few of the banks to the mechanical bank collectors convention, and there were quite a few double-takes, Bertoia said. The adjective we heard most often was stunning.
Numerous other banks fall into the pristine to near-mint category, among them a Springing Cat described by Bertoia as the best one he has ever seen, and exquisite examples of Leap Frog, Bread Winners, Picture Gallery and John Bull banks.
Collections of this magnitude are much easier to vet because there are far fewer problems. In the Devenish collection, even the more common banks become rare because of their age-defying condition, Bertoia said. Those who know Clive have always thought of him as a well-respected, well-liked dealer. Few realized he had a private collection, much less a collection of such incredible quality, but over the years he methodically kept the banks he thought were great and just kept on upgrading.
Many of the still banks in the collection came to Devenish through Donal Markey, which, in itself, speaks volumes about their condition. There are both large and small painted Camels, as well as several Mammies and a Mulligan Cop, all in immaculate condition. The Battleship Oregon is brilliant white and gorgeous, in contrast to some other Battleship banks that have incurred metal breakage. Another top entry is the Mascot bank depicting a baseball player standing on a baseball. The players socks still display original red paint, which is quite unusual, Bertoia said.
The selection of German spelter banks a fast-rising auction category over the last few years includes a Standing Bear, a Rabbit with long ears, and several dogs in different poses. Each was a skillfully hand-painted production and would make a prized visual asset to any collection.
There are many amusing lithographed tin banks, including semi-mechanical vending types. Its one of the best all-around groupings of tin banks Ive ever seen, Bertoia observed. Leading the assemblage are: Clown and Dog, Clever Dick, and Saluting Sailor, all in superb condition. Vending or semi-mechanicals of note include British-made rarities known as African, Lion and Clown.
Bertoias will present the Devenish collection in two separate sales, with the second auction slated for spring 2016. We felt that because of the collections unusually high quality and value, it would be more responsible to offer the collection in two parts. Its a lot for the market to absorb at one time. This way collectors can take their time, plan ahead, and have another wonderful auction event to attend next year, said Jeanne Bertoia, owner of Bertoia Auctions.
The auction of the Clive Devenish antique bank collection, Part I, will be held on Saturday, Oct. 3, 2015 at Bertoia Auctions gallery, 2141 DeMarco Dr., Vineland, NJ 08360. All forms of bidding will be available, including absentee, phone or live via the Internet through LiveAuctioneers. Visit Bertoias online at www.bertoiaauctions.com for preview dates/times and auction start times. Printed catalogs are now available to order. To contact Bertoia Auctions, call 856-692-1881; email toys@bertoiaauctions.com.