1963 Fred Machetanz Oil Painting

Value (2012) | $25,000 Retail
Watch  

GUEST:
It's from Alaska, and the artist is Fred Machetanz. I was in Anchorage, Alaska, and I walked into an art dealer, and I saw this on the wall. I just looked at it and fell in love with it and it just said, "Buy me," so I did.

APPRAISER:
Well, Fred Machetanz was born in 1908 in Ohio. He studied in the Midwest. And then in 1935, he intended to make a brief visit to his uncle in Alaska, but he ended up staying for two years.

GUEST:
Okay.

APPRAISER:
So he obviously liked the place. And then he served in the Aleutian Islands in the Navy during the war and came back to live in Alaska in 1946. He married Sara Dunn, and she was a writer, and they would work together on books and films and lecture series about Alaska. And he is really known as a colorist, which you can definitely see in this picture. This is a great Alaska subject, and he would depict frontier life and native animals and these beautiful Arctic landscapes. He was quite a good artist and had quite a bit of recognition in his lifetime. One of his big influences was another American artist named Maxfield Parrish, and they had a similar technique, which was to use an underglaze-- in the case of this, it was an ultramarine blue-- and then they used very thin oil glazes to build up the surface and give this kind of luminous glow to the picture. Now, how much did you say you had to pay for this?

GUEST:
Uh, $500.

APPRAISER:
Well, his market has definitely increased since you bought it. It's signed and dated down here, and you bought it right around the time it was painted in 1963. And I think if this were to sell in a retail gallery today, it might be for about $25,000.

GUEST:
Really?

APPRAISER:
Yeah.

GUEST:
That's wonderful.

Appraisal Details

Appraiser
Nan Chisholm Fine Art, Ltd.
New York, New York
Value Update (2012)
$25,000 Retail
Appraised value (2011)
$25,000 Retail
Event
Minneapolis, MN (July 09, 2011)
Period
20th Century
Form
Painting
Material
Oil
November 12, 2012: We contacted appraiser Nan Chisholm for an updated appraisal in today's market.

Current Appraised Value: $25,000 (Unchanged)

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.