My current views on the thing:
When spinning, there are two parts: up high you hold the loose fibres, and down below you spin them into thread with a spindle. Sometimes the fibres up high were held just in the hand, but usually they were wrapped around a staff, called the distaff. Understanding the difference between these two is, I believe, essential for understanding
The Thing as well.
I made an overview of spinning imagery through the ages in my latest blog post a couple of weeks ago: You are not allowed to view links.
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In antiquity there were some standard poses to depict spinners, often a bit more elegant than what they would have looked like in real life. These are some nice examples:
In the middle ages, distaffs were often large sticks, but in antiquity they closely resembled full spindles. See also the image I posted above in this thread..
If a distaff would have been recognized by a thing of this shaped held up, and a full spindle by a thing of the same shape held down in the other hand, then it seems like these two nymphs form a spinning pair:
(sorry for the ugly thread

)
This makes perfect sense in a Platonic world view where the heavens revolve around the earth like on a spindle. The distaff nymph is at the North Pole of the heavens, while the spindle nymph is at the South Pole: the never-visible-circle. In the Konstellation thread, I explained that wavy lines signify the polar circles, and that green tends to mean South. The Spindle nymph is at a green pool bordered by a wavy line.
This leaves one thing unexplained: why does the one on top have a spike while the one below doesn't? Drop spindles don't
need a spike, but when one of the two is spiked it's usually the spindle, not the distaff. Also, the whorl (round spinning weight on the spindle) is usually rather smooth, not indented like in the VM.
So once again, the image can only be explained as a synthesis of two layers, two pairs of opposites. We already have
distaff (north) vs.
spindle (south). But if I am correct in reading this as north pole vs. south pole, then there is another opposition:
visible vs. invisible, light vs. dark.
Let me explain: stars above the celestial north pole are said to be always visible at night. Stars below the north pole are only visible during certain times of the year. But those above the pole, they never set. This is elaborately discussed in classical works about star myths (Aratus, Ovid, Hyginus, Manilius...). On the contrary, stars below the south pole were never visible (in the northern hemisphere, of course). Hence, these circles were called the always-visible circle and the never-visible circle.
So let's return then to the torch images. All are Roman apart from the bronze incense burner, which shows a very early form of the floral motif:
I haven't been able to figure out yet how exactly this type of torch functioned - it looks like something completely different than the more standard "bundle of sticks". This more ornate type is often seen in the hands of gods and goddesses.
This also explains why some people see a botanical element in The Thing: the tops of torches, lamps, incense burners... were often shaped like floral elements.
One thing is clear though: if the image of torches or another kind of lamp is meant here, then the one held high is functional, while the one held low, without the "spike" is extinguished. So next to Distaff/North - Spindle/South, we can add Light - Dark.
By her guidance, then, the men of Sidon steer the straightest course.