20th C. Percy Gray Watercolor
GUEST:
I got it from my father after he died. He was a diagnostician or an internal medicine doctor in San Francisco, and he was a member of one of the men's club there. And the man who ran the dining room, wife got very ill. It turned out she was dying of cancer, and my father took care of her. And when it was all over, he refused to give the man a bill of any sort, and shortly thereafter, this appeared in my father's office.
APPRAISER:
He was born in San Francisco, and Percy Gray was of English heritage, which makes it interesting to me that he painted in watercolors as much as he did. I think the English watercolor tradition was carried on in his family. Many of the California regional painters worked in oil, but he worked in oil and switched very early on in his career to being primarily a watercolorist. Most of the literature will tell you that he changed his signature from block letters into this script signature in 1910, so we know it has to be after 1910. It's pretty hard to date it more specifically than to say it was painted between 1910 and the end of his life around 1950. There's a consistency to his style during that period. Another thing you have going on with Gray, which I think is interesting, is that rather than being one of those brilliantly colored California Impressionist painters, he painted more in what's called a tonalist style, which is the more muted, dreamier, softer, quieter style. And there's a lot of interest in tonalism in America now. As far as the value is concerned, if you were to see this picture at auction today, I suspect the estimate would be somewhere in the $10,000 to $15,000 range.
GUEST:
I beg your pardon?
APPRAISER:
Between $10,000 and $15,000. Um, I hope that's not a disappointment. (laughs) Watercolors by Gray have sold at auction for as much as $50,000, but they tend to be quite a bit larger and somewhat more colorful than this.
GUEST:
Wow, had no idea.
Appraisal Details
Executive producer Marsha Bemko shares her tips for getting the most out of ANTIQUES ROADSHOW.
Value can change: The value of an item is dependent upon many things, including the condition of the object itself, trends in the market for that kind of object, and the location where the item will be sold. These are just some of the reasons why the answer to the question "What's it worth?" is so often "It depends."
Note the date: Take note of the date the appraisal was recorded. This information appears in the upper left corner of the page, with the label "Appraised On." Values change over time according to market forces, so the current value of the item could be higher, lower, or the same as when our expert first appraised it.
Context is key: Listen carefully. Most of our experts will give appraisal values in context. For example, you'll often hear them say what an item is worth "at auction," or "retail," or "for insurance purposes" (replacement value). Retail prices are different from wholesale prices. Often an auctioneer will talk about what she knows best: the auction market. A shop owner will usually talk about what he knows best: the retail price he'd place on the object in his shop. And though there are no hard and fast rules, an object's auction price can often be half its retail value; yet for other objects, an auction price could be higher than retail. As a rule, however, retail and insurance/replacement values are about the same.
Verbal approximations: The values given by the experts on ANTIQUES ROADSHOW are considered "verbal approximations of value." Technically, an "appraisal" is a legal document, generally for insurance purposes, written by a qualified expert and paid for by the owner of the item. An appraisal usually involves an extensive amount of research to establish authenticity, provenance, composition, method of construction, and other important attributes of a particular object.
Opinion of value: As with all appraisals, the verbal approximations of value given at ROADSHOW events are our experts' opinions formed from their knowledge of antiques and collectibles, market trends, and other factors. Although our valuations are based on research and experience, opinions can, and sometimes do, vary among experts.
Appraiser affiliations: Finally, the affiliation of the appraiser may have changed since the appraisal was recorded. To see current contact information for an appraiser in the ROADSHOW Archive, click on the link below the appraiser's picture. Our Appraiser Index also contains a complete list of active ROADSHOW appraisers and their contact details and biographies.