Oliver Newberry Chaffee Oil Paintings, ca. 1915
I've got two oil paintings that I purchased approximately six weeks ago at an estate auction. At this particular estate sale, I purchased three oil paintings, and I paid under $600 for the three.
But the third painting is not by Chaffee. One thing I read about the artist was... a great quote was that he was modern before modernism was popular. This painting is dated 1915, a great early date. This painting is only signed, but I would assume it's from a similar time period. I think it would be interesting to show the back of this painting, because there's some information on here. I was only able to find an image of him in later life, so I wasn't sure if this could be a self portrait or a portrait of the artist by someone else. But I did find out something very interesting. I looked up this name, which I think is Mottet, M-O-T-T-E-T. And there was a painter, a woman painter by the name of Jeanie Gallup Mottet, who worked in Provincetown. And if you look here in the foreground, you see a painter with an easel and a model. So this is Mrs. Mottet and her model. So that's the title of this painting on the reverse. Now we can pretty much establish that this is a Provincetown landscape. The other one is likely also. He was influential and important, but it seems to me that that reputation was largely within Provincetown. I think because modernism is so favored in the market, that people are now taking a look at the lesser artists that are not as well known, and I think this is a great moment for Chaffee to come up into the market into his own. So I would say in a retail gallery, this might sell in the range of about $10,000, and this one for about $15,000. I love them, and I'm really so happy that you brought them in today.
I'm extremely happy I brought them. That's amazing-- I had no idea.
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.