Wicker sale. June 7 and 8, 9 a.m. to 6 p.m. Olde Towne Antiques, 320 Prince St., Alexandria. 836-0250.

Ask George Spicer about his prognosis for the investment market, and he'll tell you that wicker is woven with gold. Old, classic wicker furniture, that is. Spicer's faith in the value of wicker is confirmed each June as wicker fanciers from across the nation converge on his antique shop for an annual affair known as Spicer's wicker sale, now in its seventh year. The wicker extravaganza is the culmination of a year's hunting at flea markets, farm sales and auctions in nearly a dozen states for the cream of the crop in old wicker, both painted and natural. Spicer refinishes, and, when necessary, repaints and reupholsters each piece until it looks newly made. His assemblage of wicker includes chairs ($85 to $500), rockers ($110 to $285), sofas ($365 to $525), chaise longues, love seats, fern stands, children's furniture and photographer's chairs -- an estimated 200 pieces in all, dating from 1870 to 1940. The collection is on view now, without pricetags. On sale days, if past years are any indication, all there's time to do is vie with other buyers to reach the cash register first.