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WhiteTara

(29,718 posts)
Wed May 11, 2016, 08:22 PM May 2016

'Antiques Roadshow' erroneously appraises high school art project at $50,000

https://www.yahoo.com/news/antiques-roadshow-erroneously-appraises-high-172627852.html?nhp=1

Kids, 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.
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'Antiques Roadshow' erroneously appraises high school art project at $50,000 (Original Post) WhiteTara May 2016 OP
Still, it's a pretty cool pot. NV Whino May 2016 #1
Yes it is. Just not $50,000 worth. WhiteTara May 2016 #2
I've been saying for years that show was a sham... Blue_Tires May 2016 #3
All appraisals are a shame. safeinOhio May 2016 #5
Art valuation seems so bizarre and arbitrary at times: the piece is 60-80 petronius May 2016 #4
Art is worth what someone will pay for it. Chan790 May 2016 #6
Consider the difference between a perfect replica of a prehistoric fossil, greyl May 2016 #8
"Art" and "fashion", are two of the biggest money making scams perpetuated on the 1%... Heeeeers Johnny May 2016 #7

safeinOhio

(32,696 posts)
5. All appraisals are a shame.
Wed May 11, 2016, 09:56 PM
May 2016

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)
4. Art valuation seems so bizarre and arbitrary at times: the piece is 60-80
Wed May 11, 2016, 09:06 PM
May 2016

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)
6. Art is worth what someone will pay for it.
Wed May 11, 2016, 10:06 PM
May 2016

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)
8. Consider the difference between a perfect replica of a prehistoric fossil,
Thu May 12, 2016, 12:03 AM
May 2016

and the real Dick Cheney.

Heeeeers Johnny

(423 posts)
7. "Art" and "fashion", are two of the biggest money making scams perpetuated on the 1%...
Wed May 11, 2016, 10:21 PM
May 2016

and to a lessor degree on the general public.

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