TavernOnTheGreenAuction

Must-Haves from the Tavern on the Green Auction

Filed under: Auctions

Sadly, iconic New York restaurant Tavern on the Green has shut its doors for good. The owners filed for bankruptcy and next week auction house Guernsey's will be selling the Central Park restaurant's glitzy contents to the highest bidder (including the entrance tent, above) during a three-day auction.

This Wednesday potential bidders began previewing the goods and will continue to every day from now until Tuesday, from noon until 8 p.m. The auction begins Wednesday, Jan. 13 although some items can be bid on early online.

With more than 25,000 auction items - the front-entrance sign and Baccarat-crystal chandeliers alike - and values anywhere from $100 to $1.2 million, bidders are likely to need a little guidance. That's why we consulted New York antiques appraiser Helaine Fendelman to see what items are worth bidding on and what's just kitsch.

A long-time New Yorker, Fendelman calls dining at Tavern a "quintessential New York experience." But she says, memorabilia from the restaurant will only hold its value if the restaurant's name continues to be recognizable.

Brand-name items are safe bets, she says. "A Waterford chandelier will retain its value and it will have the added cache of being from Tavern on the Green."

As for Tavern memorabilia, Fendelman advises picking "the iconic items that are identified with the restaurant" and always get a letter of authenticity from the auction house. She also says to beware of items that are common. If there are too many of a certain item, like the place settings, for example, they won't be worth anything. Also stay away from items that have been reproduced often. "Collectors shy away from things that have been imitated over and over again."

See the slide show below for 25 must-have picks. Then see and bid on the full list of auction items here.

Gallery: Tavern on the Green Auction Items