Rubén Blades & Luba Mason: New York City Landscape Oil
GUEST:
I wanted to get a painting for my dressing room when I got into the Broadway show "Chicago," and I was looking for a New York scene. I went to the flea market on 25th Street and I just loved the energy of it, and I bought it.
APPRAISER:
It's got great energy, as it should.
GUEST:
Yes.
APPRAISER:
I mean, here we are in the crossroads of the world. You must have known this, these streets pretty well.
GUEST:
Yes, I've, I've been in about nine Broadway shows...
APPRAISER:
Okay.
GUEST:
So I know this area very well.
APPRAISER:
I think it may fall into that territory that... I use an expression probably a little too often on the ROADSHOW, the "gifted amateur."
GUEST:
Oh.
APPRAISER:
You know, it may not be an academically trained artist.
GUEST (laughs): That doesn't sound good, Alasdair.
APPRAISER (laughs): Well, van Gogh wasn't an academically trained artist. So you, you know, it's not a diss or anything like that. What did you pay for it?
GUEST:
It might have been a little too much. Now I'm a little embarrassed about it. About $1,100.
APPRAISER:
That's exactly the right number.
GUEST:
(laughs)
APPRAISER:
(chuckles)
GUEST:
I'm glad you came, Alasdair.
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.
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