Louis Aston Knight Painting

Value (2005) | $40,000 Auction$60,000 Auction

GUEST:
Eight years ago, we lived on the big island of Hawaii, and this was part of a liquidation sale from a hotel that was being reflagged to a new property, so, it was about 10,000, 12,000 square feet of different hotel things like paintings and, uh, chandeliers and bedspreads and doorknobs, and plates and china. So, we went through all the things and pulled out two or three things, and this was one of the items that we were able to acquire. All along, I thought it was an Hawaiian painting, so--

APPRAISER:
Uh-huh.

GUEST:
--keeping in mind that we were going to be moving back stateside at some point in time, I thought well, this'll be a great remembrance of, you know, of what I feel like Hawaii looks like.

APPRAISER:
And you were able to find out a little bit about the artist?

GUEST:
Yes. Uh, my wife did a little online research, and we found out that it's a European painting of the Riviera. And the artist is Louis Aston Knight. And he lived between, like, 1873 and 1949.

APPRAISER:
Right.

GUEST:
So, I'm assuming this painting was done in the '20s or the '30s. I'm not real sure.

APPRAISER:
I would think it could be the '20s or '30s. It's interesting because Louis Aston Knight was born in France. His father was also an artist. His name was Daniel Ridgway Knight. And he was an American artist who moved here and ended up staying there after he studied abroad. So his son-- even though he was born in France-- is sort of considered an American artist, because he had that influence from his father. But he is really known for painting French landscapes. A picture of his was bought by President Harding to hang in the White House. And subsequently, Calvin Coolidge organized a private exhibition of his work. So he was quite popular during his lifetime. Now, I know you say you paid a fairly modest price for this picture.

GUEST:
I gave five dollars for this.

APPRAISER:
Well, you got quite a steal. It's a beautiful picture in this lovely, ornate, probably original frame. And I think if you were to sell this at auction today, it might be as much as $40,000 to $60,000.

GUEST:
Oh, my God. Whoo! Fabulous, fabulous. That-that... That shakes me. I didn't, uh... I had no idea. Oh, my gosh. My wife was saying, maybe 5,000.

Appraisal Details

Appraiser
Nan Chisholm Fine Art, Ltd.
New York, New York
Appraised value (2005)
$40,000 Auction$60,000 Auction
Event
Los Angeles, CA (August 13, 2005)

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.