1964 LeRoy Neiman "Jockey Bill" Painting
Well, I know it's a LeRoy Neiman that my mother gave me. She bought it at the Goodwill store for one dollar, and then did a little research and realized it was more than just a dollar painting.
LeRoy Neiman is a very well-known artist born in St. Paul, Minnesota, in 1921, and he died in New York in 2012. He painted sports figures, he painted musicians. One of the interesting things about him is, he was a millionaire as an artist in his lifetime promoting his own work. He was not the starving artist by any means. He modeled himself a lot on the French Impressionists Degas and Toulouse-Lautrec. So here we've got a jockey, and it was painted in 1964 in an Impressionistic style. It's noted on the back: "Jockey Bill." At an auction, the value would be easily $5,000 to $7,000.
(gasps) My goodness-- really?
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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