Venetian Hand-carved Rocking Chair, ca. 1880
Oh, I got this chair at an auction, oh, a year or two ago.
Yeah? What did you ultimately pay for the piece?
I paid less than $2,000.
You paid less than $2,000. Okay. I think that it is a Venetian hand-carved chair from about 1880. There was a school of this wonderfully audacious, and some of it bodacious, furniture that came out of a number of shops in Italy, and they exported this kind of really wildly carved furniture all over the world. So it is in that school.
What kind of wood do you think it is?
I think it's walnut. At auction, we might put an estimate on it in the $1,500 to $2,000 range. When you see these in-in shops or online, you see them up to close to $6,000 as a retail price for it.
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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