Ab Jenkins's Omega Chronograph Watch, ca. 1950
GUEST:
Well, I brought in an Omega watch that was awarded to my grandfather. Quite the Omega watch guy. His name was Ab Jenkins. He was a world-renowned race car driver, builder, and also mayor of Salt Lake City for four years. He's one of the most famous guys, iconic in racing.
APPRAISER:
And I noticed you brought in a picture of one of his race cars.
GUEST:
This is the Mormon Meteor 3, which was probably the most famous.
APPRAISER:
And this Omega watch is a chronograph watch. It was manufactured in 1950. It's in stainless steel. It was presented to him, and it's got his name. "Champion of champions, holder of more world records "than any person in the history of sports, Omega Watch Company." Well, the watch itself is an Omega chronograph watch. It's a nice watch. And they're generally... collectors in auction pay around $2,500 to $3,500. But the engraving, the history of this watch is really wonderful. And there are a lot of Omega collectors that love racing. Because most chronograph watches were made for timing different types of racing events.
GUEST:
Right.
APPRAISER:
And I think easily today at auction, the watch would bring between $15,000 to $20,000.
GUEST:
Oh. All right, if you say so. (chuckles)
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.