1909 Picasso Drypoint
GUEST:
My father used to go out to New York once a year, and he would visit the same art gallery on Fifth Avenue, from what I'm told, and every year, he'd bring back some pieces of art. But I think he bought this in the early to mid '50s. I think at the time, he paid $300 to $500, somewhere in there. My father passed away in 1988. In 1999, I came back to visit my mother. I was living in California at the time. And it was sitting off in the corner. I asked her if I could have it, and she said, "I'm not just gonna give it to you." I said, "I'll pay you for it," and she goes, "No." She gave it to me. But I wanted to pay her something for it, so I bought it off my mother for a few hundred dollars and I took it to California with me. Then I got called to do some work in Asia, and I was gonna be gone for a couple years, so I took it with me, and then I came back and then I got sent to Europe for a couple years, so I took it with me there, and then I brought it back to the States. And then my mother, when she got sick, I moved from California back to Tucson, and I'm back in the house that my father built and it's back up on the wall that it was on, where it was hanging when I was a little kid.
APPRAISER:
So this has come full circle. And do you know what you've got here?
GUEST:
I know it's a Picasso. I've tried to look it up. From what I've been able to read, it's in his cubism period from 1909 to 1912, I think, I don't know, and that's really all I know.
APPRAISER:
It's actually a very scarce Picasso print. It dates from 1909 and it's a drypoint. He made it by scratching design with a needle directly into a copper plate to gouge out the lines to make the design, inking them and then putting the paper over it and running it through a press. So it's a very direct way of printmaking, a lot less complicated than making an etching, for instance. And you're absolutely right, it's a cubist print, but just on the verge of him going into sort of high analytical cubism, what we know of Picasso and Braque, and their cubism around 1910, 1911. This just predates it, it's just on the cusp of that sort of major surge that made him such a famous artist.
GUEST:
Oh.
APPRAISER:
He made this in his late '20s. He'd moved to Paris in the early 1900s and was known, but it wasn't until 1907 that he even had major gallery representation, so he was still, you know, what we know of Picasso now, he was still becoming a discovered artist then.
GUEST:
Wow.
APPRAISER:
So he created this print in 1909, only made some proof impressions of it then, and it wasn't until 1912 that his gallery, his dealer in Paris, decided to put out an edition of this print. So it wasn't... not exactly he wasn't well-known enough in 1909, but he wasn't issuing prints in editions then.
GUEST:
Okay.
APPRAISER:
It took the gallery to do that three years later.
GUEST:
Wow.
APPRAISER:
And it was issued in an edition of 100 impressions, each of which is signed in pencil. Might look unusual to people to see a signature like that, but that's how he signed his early works. Not a lot of these survived. They're very scarce images, as I was saying earlier, and not many come on the market. The one thing that stands out with this, looking at it, is that there are some glaring condition issues. You said it hung on the wall of your parents' home in Tucson, so it probably got a lot of sunlight.
GUEST:
Yes.
APPRAISER:
And then you had it rematted, and I bet the old mat went up to this point here. Yes. All that darkness is staining that occurs from too much exposure to sunlight. It can be reversed, but it's detrimental. There's also some spotting here that looks like it's superficial and can also be washed, and all of that is kind of marring the signature, the darkness. The signature would come out better, the image. What this needs is a little bit of work.
GUEST:
Okay.
APPRAISER:
If it were to sell in this condition, I would see a retail price for it around only $10,000 to $15,000. That being said, if you take it to a proper paper conservator, put several hundred dollars' worth of cleaning into it to pull that staining out, you'd be looking at retail a $40,000 print by Picasso.
GUEST:
(laughs) Wow.
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.