1965 Andy Warhol "Flowers" Lithograph

Value (2010) | $30,000 Insurance$40,000 Insurance

A friend in Sacramento was a collector of Pop art in the '60s, and she acquired some lithographs of Warhol and asked me if I'd like to buy one, and I said yes, and I don't think I paid a great deal for it at the time.

What would "not a great deal" be? Do you think it's... would you have spent more than a few hundred dollars on this, do you think?

Oh, $25 to $30.

Okay, and this was back in the late '60s?

'65, somewhere there.

It's a print by Warhol, and you can see the signature in ink down here and the date, '65, for 1965. This is one of his classic early images, produced as an announcement for an exhibition at the Leo Castelli Gallery in New York. It was an exhibition of his flower paintings, larger-sized canvas paintings. This announcement, as an offset color lithograph, was used in the gallery for clients, people coming into the exhibition, and it was issued two ways, both hand-signed by him and unsigned. And unsigned, oftentimes it was folded into four and used as a mailer. There were only about 300 of these that were hand-signed by the artist. Warhol was known for appropriating popular images and turning them into art. You might think of the soup cans, the Brillo boxes, all these everyday things that he made into fine art. And this is some of the earliest example of that. What you have is one of the real classic Warhol images from the earliest part of his career as a Pop artist. It's a photograph that he found in Popular Photography of hibiscus flowers, which he then added the color to, and it's very sort of 1960s colors. Yours happens to be in very good shape. The colors are as impeccable as I've ever seen them. You have a little bit of staining down here, which shows best on the orange flower. But the water staining is entirely reversible. And the signature is a wonderful, strong signature. Sometimes that's faded too, because it's a ballpoint pen and ink. All in all, if I had to rate this conditionwise out of ten, ten being the best, you're at, like, nine and a half.

Oh, really?

For what we normally see on the market. A conservative replacement value on this, if you were to go out and buy it now, would be in the neighborhood of about $30,000 to $40,000.

You're joking.


Oh, my God.

Appraisal Details

Swann Auction Galleries
New York, NY
Appraised value (2010)
$30,000 Insurance$40,000 Insurance
Washington, DC (August 21, 2010)

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.