Audemars Piguet Watch, ca. 1940
I brought in a watch, a lady's wristwatch that was my aunt's and she passed away about 16, 17 years ago. She was a wonderful woman. She was an administrative secretary for several organizations back East. And upon her retirement, as she was cleaning out her desk drawer, she found this watch. It had not been hers. And no one had ever claimed it, and her boss says, "Well, you're retiring. You just take this watch."
Well, it was a great retirement gift. Have you ever had it appraised?
No, I didn't have it appraised, but I had an offer from an estate jewelry buyer about 12 years ago, who offered about $3,000.
Okay. Well, your watch was made by Audemars Piguet. It's one of the finest Swiss watches made. And the design of it is absolutely incredible. It's circa 1940. And the watch is made in platinum. The bracelet is also platinum. You have buff-top, calibrated rubies. Those are Burma rubies that have been polished, almost like a cabochon, but we call those buff tops. And then you have trillion triangular diamonds, all the way around. And, also, on the edge of the case, on the top and the bottom, you have trillion diamonds. And then you have kite-shaped diamonds. So they're all very unusually cut diamonds. To me, it's breathtaking. I think I'm going to surprise you. The value today on this watch, retail, I see to $25,000.
That's wonderful. Terrific. I'm glad I didn't sell it off before.
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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