Archive for July, 2009

Terra Australis, Terre de Quir, and the Great Southern Continent

Tuesday, July 21st, 2009

1691 Map of World by N. Sanson showing Southern Continent

1691 Map of World by N. Sanson showing Southern Continent

One common feature of 15th to 18th century maps of the world and particularly of the South Pacific, is the land known as Terra Australis, the Southern Continent, or Magellanica. The great southern continent was supposed to cover much of the Southern Hemisphere extending north well into the Tropics and including today’s Australia, Antarctica, and many of the Polynesian Islands.

The earliest inkling of Terra Australis emerged more as a philosophical construct than a geographical one. The ancient Greek philosopher Aristotle asserted that all of creation was in balance maintained an essential symmetry. Hence, the land masses of the Northern Hemisphere, called Arktos referencing the Greek term for the constellation Ursa Major, must inevitably be balanced by a southern continent, Anti-Arktos. Later the Alexandrian geographer Ptolemy included the Terra Australis in his own work though he did specifically note that it was inaccessible due to an interstitial “torrid zone” occupied by “monstrosities”.

Ambrosius Macrobius' View of the World

Ambrosius Macrobius' View of the World

By the late Roman times and in the Middle Ages, the concept of Terra Australis evolved into both a religious and scientific construct. From a religious perspective it was associated with the Biblical lands of Ophir and Tarshish, from whence Solomon acquired the gold with which he built the Temple. From a scientific perspective, the influential 5th century Roman philosopher Ambrosius Macrobius includes what is possibly the first representation of the southern continent in his work In Somnium Scipionis Expositio. Macrobius divided the world into various “zones” and embraced Aristotelian and Ptolemaic theories that the mass of Asia and Europe had to be counter-balanced by a similar mass in the Southern Hemisphere.

Kircher's 1665 Map of the World Showing Terra Australis

Kircher's 1665 Map of the World Showing Terra Australis

Terra Australis next appears in the journals of Marco Polo – which were widely read throughout 14th and 15th century Europe. Polo describes two islands some 700 miles southwest of Java which themselves lead to a rich mainland abundant in gold, brezil wood, elephants, birds and dogs. European scholars immediately associated the islands and lands mentioned by Polo with the Biblical land of Ophir and Tarshish. While it is difficult to say what specific lands Polo was actually referring to (some argue Madagascar, others Australia, and still others that Polo’s geographical descriptions were fabricated), many 15th and 16th century navigators, including Columbus and Magellan, were inspired by his text.

When Magellan began his voyage, the goal was not to circumnavigate the world, but rather to discover a southwestern route to India and the Moluccas. Nonetheless, one must image that the gold of Tarshish, Ophir, and the associated southern continent must have been on his mind. When Magellan navigated the Straits of Magellan between Tierra del Fuego and Patagonia he fully believed that he had discovered the northernmost headlands of Terra Australis. Many early maps subsequently labeled this land, and the southern continent attached to it Magellanica. Frances Drake’s 1577 circumnavigation of the globe a few years later proved conclusively that Tierra del Fuego was not in fact attached to a southern continent, but the search of this land would go on.

The next major exploration in the region was accomplished by the Spaniard Alvaro de Mendana. Mendana set sail from Callao, Peru in 1567 with the intention of discovering both the rich lands of the southern continent and the Biblical islands of gold, Ophir and Tarshish. Nearly a year later Mendana chanced upon a significant Polynesian Island group. These islands were subsequently identified with Ophir and Tarshish and named after King Solomon. Perplexingly, when Mendana attempted to return to the Solomon Islands, in 1595, this time with Pedro de Quiros as his pilot, he was unable to find the islands he once discovered. Mendana contracted malaria and died shortly thereafter leaving the fleet in the hands of his wife, Isabel Barreto who, becoming the world’s first female admiral, eventually returned it to Peru.

Terre de Quir from Sanson's 1691 Map of the World

Terre de Quir from Sanson's 1691 Map of the World

Perhaps the most significant proponent of the southern continent theory was the late 16th and early 17th century Spanish explorer Pedro Fernandez de Quir, or as he is more commonly known Quiros. Quiros was a religious zealot and passionate advocate of the southern continent theory. After serving as a pilot on Mendana’s second expedition, Quiros petitioned the Spanish crown for his own commission to explore and convert the inhabitants of the Solomon Islands. He set out in 1567 and, though he roughly followed Mendana’s path, was unable to locate the Solomon Islands. He did however land on Vanuatu’s Sanma Island which, believing himself to have discovered the Southern Continent, he named Australis de Espiritu Santo. Not long afterward Quiros returned to Europe where he published his voyages, proclaiming to the world that he had, indeed, discovered Terra Australis. Unfortunately, Quiros died shortly after returning to Peru and was never able to return to the Pacific Islands.

1747 Bowen Map of the Western Hemisphere showing Quiros' Land

1747 Bowen Map of the Western Hemisphere showing Quiros' Land

Nonetheless, Quiros’ claims and fame had a significant impact on the mapping of the region. Numerous early maps depict the “Terra de Quiros,” “Quir Land,” or “Terre de Quir” with indefinite southern and western borders thus suggesting that it could indeed be part of the Terra Australis mainland. Later many early maps depicting the tentative borders of Australia refer to it as “St. Espiritu” or some variation, again alluding to Quiros’ discovery of Vanuatu. Some, well in to the 20th century, claimed that Quiros had discovered Australia, but this was merely a confusion of the term “Australis” originally applied to Vanuatu. In nearly 200 subsequent years, no other European would encounter Samna.

1741 Covens & Mortier Map of Bouvet's Island or Cap de la Circoncision

1741 Covens & Mortier Map of Bouvet's Island or Cap de la Circoncision

As for the southern continent, or Terra Australis, others would continue to search for it well into the 18th century. The French explorer, Lozier Bouvet was heavily influenced by the work of Quiros. When he spotted the remote Antarctic island, which he named Cap de la Circoncision and which is now named Bouvet Island in 1739, he believed that he had at last rediscovered Terra Australis Espirtu Santo and the southern continent. Numerous maps published Europe following Bouvet’s voyage support this claim.

It fell to Cook’s voyages at the end of the 18th century to finally disprove the notion of a great southern continent. Cook was also first to correctly identify Quiros’ land of Terra Australis Espirtu Santo as Vanuatu’s Sanma Island. Nearly 60 years following Cook findings in the area, the first confirmed sightings of the Antarctic mainland were accomplished in 1819 and 1829 by William Smith and James Bransfield, respectively. Of course, though they both occupy the same geographic space, Antarctica and Terra Australis are in fact two very different places.

RELATED MAPS:
http://www.geographicus.com/P/AntiqueMap/GeoHydro-kircher-1665
http://www.geographicus.com/P/AntiqueMap/World-sanson-1691
http://www.geographicus.com/P/AntiqueMap/World-lattre-1775
http://www.geographicus.com/P/AntiqueMap/SouthPole-covensmortier-1741
http://www.geographicus.com/P/AntiqueMap/America-bowen-1747

REFERENCES:
Camino, M. M., Producing the Pacific: Maps and Narratives of Spanish Exploration (1567-1606), New York, 2005.
Suarez, T., Early Mapping of the Pacific, 2004.

Antique Maps and Rare Maps as Investments

Thursday, July 9th, 2009

One of the more common questions our clients ask us is, will my rare antique map increase in value? When I am asked this questions, I generally answer “Yes, but it is a long term position”. A more comprehensive answer requires a deeper understanding of the rare map trade in specific and the vicissitudes of the antique trade in general. While it is easy to chart auction results or dealer catalogue values for specific map, such an analytical approach ignores a number of important factors, such as condition, restoration factors, colorization factors, etc. It also fails to take into account various factors ranging from the economy to vogue periods for certain items.

Antique dealers in general are in the unique field of art speculation. The job of a dealer is to find and identify an item that can be acquired at a reasonable price, kept for a period of time, and then resold at a significantly higher price. In doing so the dealer looks for pieces that may be undervalued by analyzing buying trends, his or her particular clientele, availability of similar pieces on the market, the overall trading activity at any given time, the historical importance of the item, and finally, perhaps most importantly, makes an aesthetic judgment.

Like many business, the rare and antique map trade has a fashion all its own. Certain maps and regions come into vogue and out of vogue frequently. In the 70s and 80s maps of Texas became extremely desirable pushing prices for this material well beyond similar maps of similar areas. Today Texas maps are still extremely desirable, but the bubble has burst and the rampant price increases of the 80s are no more. In fact, some Texas maps may have slightly decreased in value since the height of their desirability.

Today maps of Chinese and Indian cities are experiencing a similar price bubble as affluent collectors in Beijing, Shanghai, Bombay and Delhi enter the global marketplace. The price tenacity of maps of these areas remains very much in question. Though highly desirable now, one can only speculate on how global economic factors and general interest trends will affect this market. Like a savvy stock market investor, an antique map investor would have been wise observe the rapidly growing Asian economies and recognize an opportunity. Such an investor would have been able to snatch up these maps ten years ago when they were both common and easy to acquire and sell them today at a high profit. One might see a similar opportunity today with regard to maps of Russia, which are just beginning to see dramatic rise in interest.

Many antique map dealers who specialize in particular parts of the world command much higher than average prices for their target maps. Dealers based in places like Hawaii or New York City, must work constantly to keep their important local stock fresh for both ardent resident collectors and the tourist market. Such dealers, faced with limited availability, will often have no choice but to acquire their material at premium prices and resell at even higher prices. Despite their higher price point, such dealers are often the only active purveyors of their special maps and may well be the only resource for the desirous collector. From an investment perspective, there is still plenty of room for high profits, especially with regard to the rarest of these maps. In some cases, a collector may even sell their maps back to the dealer who originally sold it to them at a big profit! However, to be fair, this probably entails holding a map for several years.

There are also price spikes in the rare and antique map market. A few years ago I was bidding on an Ortelius map of Iceland at a New York City auction house. This wonderful map is a classic example of 16th century map making and features numerous bizarre sea monsters. Nonetheless, though interesting to look at, this map had not historically sold for exceptionally high prices because Iceland was simply not a hot area for collectors. The auction estimate was 2000-2500 USD, I was prepared to go to 2500 USD. The map ultimately sold for 10000 USD. Within a few days dealers, knowing that this map would be difficult to replace at former prices, updated their pricing on this map from 4,000-6,000 USD to 11,000 to 13,000 USD. Today prices have diminished from this high point and this map is now acquirable at 5000 to 9000 USD in some galleries.

Generally speaking, maps that are less common are better investments. Many maps are very popular because of their historic or aesthetic value and maintain consistent high prices despite being commonly (obviously this is a relative term) available. Such maps do increase in value over time, but the number of such pieces on the market keeps the price increase slow and steady. Such maps are unlikely to spike in value or increase dramatically over the short term. Unique or one of a kind maps, however, can command a premium and will almost inevitably increase in value dramatically over relatively short period of time. Many dealers, on acquiring such maps are at a loss with regard to how to price them. Without a sale history, the dealer must rely on his or her own experience, personal aesthetic and a historic evaluation of the map to determine its value. Even so, a investment collector can often safely acquire such a piece with the expectation a substantial increase in value over time.

And then, of course, there is the economy. More and more, investors disillusioned by wall street, are turning to the art market as a stable shelter to the disorientingly erratic stock circus. While economic issues may reduce the overall quantity of maps sold and dramatically affect auction values, most dealers and collectors purchase their inventory with the understanding that they may have to hold their stock for several years before selling. What this means for the buyer, is that the economy does not significantly affect rare and antique map values at the gallery level. However, it does significantly impact auction values. The current recession has been hard on many auction houses whose profits come from a fast turnaround of a quantity of items rather than timely appreciation. This also creates an opportunity for the savvy investor to snatch up rare finds at excellent prices.

Even so, it tends to be only the most ardent and dedicated collector who can win in an auction room. Many collectors are drawn to auction rooms by the possibility of acquiring valuable maps at a fraction of the retail price. This is, alas, also where many collectors make their biggest purchase mistakes. Succeeding in an auction room takes either luck or incredible knowledge of all aspects of the antique business. Many antique dealers, ourselves included, act as auction advisers and often bid for their clients – in this way map collectors are saved from making dramatic mistakes and overpaying on items that are misrepresented, overpriced, or unlike to accrue in value. Even with the fees assessed for this service by various dealers, it tends to be a very good value in the long term.

In conclusion, the answer to the question, “Will my map increase in value?” is “Yes, it will.” Generally speaking, map investors should plan on holding their purchases for about ten years to guarantee a significant increase in value. Those interested in maps as investments should also seriously consider developing a relationship with a good dealer who can help them direct their collecting interests and avoid the many pitfalls to successful investment in rare antique maps.