20th-Century Fake Olmec Figure
Well, this piece belonged to my parents. They had it out at their pool, and from what I understand, it came from Mexico in the '50s. We paid about $500 in about 1962.
Now, I know that you had this thing tested, and they found no evidence of modern tool marks.
Now, the problem is that you needed to have the thing evaluated from a stylistic standpoint, and stylistically, this is not even close to what Olmec should be.
Olmec has great balance. It's tight, it's elegant, and this piece is not that. Now, that's the bad news. The good news is that even on the decorative market-- not the fine art market, but on the decorative market-- this piece is still worth $1,500 to $2,500. Now, the bad news is, had it been real, a major Olmec piece like this would have been well into six figures.
Now, didn't I make your day?
Yeah, you made my day. (laughing)
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.
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