1930 Transpacific Yacht Race Trophy
GUEST:
Well, I've got a sailing trophy that was my grandfather's from the 1930 Hawaii race, Los Angeles to Hawaii. He made it in, what, 12 days and some-odd hours and so many minutes. And the trophy was presented by Sir Thomas Lipton, who... I happened to find amongst the family stuff an old portrait of Lipton from 1925 with his signature on it.
APPRAISER:
So tell me about your grandfather and this particular race.
GUEST:
I think it's run every four years or so, or used to be. I'm not sure it still is. He had the Enchantress, which won the race in '30. He had it for many years. He had a lot of boats, but that was his favorite, I think. It was a 132-foot schooner.
APPRAISER:
Well, the Transpacific Yacht Club actually sponsored this race. The trophy was presented, as you said, by Sir Thomas Lipton. And the race still does go on. It's held every two years. First came about in 1906, and it is one of the longest-continuing running yachting race for long distance still in existence. This was won in 1930. It was made in 1929 by a company in London called Goldsmiths and Silversmiths Company. It's hallmarked very clearly, just to the left of the shield. A lot of yachting trophies and presentation trophies in general are very ordinary. They're just basic silver cups. But this one was truly a specifically commissioned piece of silver. It has this great boat finial with the sail on it. It's got these incredible mermaids blowing shell-shaped trumpets. It's got scales all over it. It additionally has the god of the sea head here, in addition to these very fanciful creatures with mermaid tails. Dolphins on the base, and some really wonderful shells and even scales that look like fish scales around the base. But a little more information about Sir Thomas Lipton. He was a really interesting character. He came to the United States in 1865, just at the end of the Civil War, and he stayed here for about five years. And he actually was known for his tea, which, of course, we all have heard of Lipton tea, and that's how he made his fortune. He was a true yachtsman. He was actually very interested in yachting. If this were to come to the public market, I would estimate it for auction at $20,000 to $30,000.
GUEST:
Mm-hmm, wow, wow, that's... That's a lot.
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.