General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'Antiques Roadshow' erroneously appraises high school art project at $50,000
https://www.yahoo.com/news/antiques-roadshow-erroneously-appraises-high-172627852.html?nhp=1Kids, hold on to your macaroni art, because the Roadshow isn't always right.
Years ago, Alvin Barr purchased a mysterious clay jug for $300 at a Eugene, Oregon estate sale. Unsure about the piece's origins, he brought it to appraiser Stephen L. Fletcher when PBS's Antiques Roadshow came to Spokane, Washington.
Fletcher was stunned. "This, in its own way, is really over-the-top," he told Barr, also likening the many-faced sculpture to a work by Picasso. He estimated the piece was made in the late 19th or early 20th century, and valued it at around $50,000.
"What?" shouted Barr, understandably.
Unfortunately for both Barr and Fletcher, these estimates were a little off the mark. The jug was actually made in the early 1970s not by a professional potter, but by horse trainer Betsy Soule in her high school ceramics class.
NV Whino
(20,886 posts)WhiteTara
(29,718 posts)Blue_Tires
(55,445 posts)safeinOhio
(32,696 posts)I've been in the business for a long time and I've always told people they are nothing more than a quess. The value of any item is what someone is willing to pay. That changes every day. You can look on Ebay for one sold for, but that was the highest buyer and he now has one, so it is now only worth what the losing bidder offered. The market is fluid and always changing. There is a range that depends on many things, at best.
I always wanted to go there and them say my item is worth $10,000. to which I would reply, give me $2,00 and it's yours and see what happens.
petronius
(26,602 posts)years younger than originally thought, and now we know it was made by a 'nobody' (so to speak), and that cuts the guess by 90%? But it's still the same jug, with the exact same aesthetic values as before.
Seems like the original appraisal breaks down to $3,000-5,000 for the jug, and $25,000-47,000 for the story...
Chan790
(20,176 posts)I have a multi-media painting and bas-relief of the Virgin Mary encased in barbed wire that a friend painted about a decade ago. I paid $50 for it because someone else offered her $40 for it. That same person, saying the painting has haunted her for years and she needs to own it, offered me $1000 for it. Now, Ellie isn't some great artist...she's good enough to have a gallery showing but she's no Julian Schnabel or anything...but she's good enough that my painting is worth at-least $1000 now.
As a collector who has four more of her pieces and as a friend, I should probably sell it, if only as a favor to her, as it establishes a market value for her work far above what she sells for now.
greyl
(22,990 posts)and the real Dick Cheney.
Heeeeers Johnny
(423 posts)and to a lessor degree on the general public.