Owner Interview: 1871-1872 Boston Red Stockings Archive

Value (2014) | $1,000,000 Insurance
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INTERVIEWER: Gail, wow, are you breathless?

GUEST:
Yeah, it hasn't sunk in that I-- It's not real. INTERVIEWER: We were with your friend Edie in the green room when you go the news from Leigh, a million dollars for your baseball archive. [APPRAISER ON TV]: For at least one million dollars. [GUEST ON TV]: Are you serious? GUEST 2: One million? Oh! INTERVIEWER: Edie was pretty excited, but I heard you say to Lee afterwards, that you weren't quite sure what number she had given you.

GUEST:
Yeah, I mean, I really couldn't believe that it could be worth that much. It was just sitting in here, in a desk drawer, and I ran across it one day, and decided I'd like to have it, not realizing at all what it was worth. That was when I was much younger. INTERVIEWER: Were you a baseball fan before the ROADSHOW today?

GUEST:
Oh, for sure. Red Sox fan, grew up outside of Boston. INTERVIEWER: And to think you almost sold this collection years ago, tell us--

GUEST:
Well, I didn't 'cause I did wanna keep it in the family, and someone had told me that hey, it's probably worth more than he's offering. INTERVIEWER: And what do you think you'll do with these when you get home?

GUEST:
I don't know, I mean, I'm hoping they'll stay in the family, although it's gonna be tough deciding how to do that.

Appraisal Details

Appraiser
Leila Dunbar Appraisals & Consulting, LLC
Washington, DC
Appraised value (2014)
$1,000,000 Insurance
Event
New York, NY (August 09, 2014)

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.

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