19th-Century Necklace with Lincoln Provenance
My Aunt Roxanna's family was, I think, a neighbor of the Bagolie family. And the Bagolie family had a daughter that married a General Sickles, who was in the Civil War. And they were friends of the Abraham Lincolns. Mrs. Lincoln gave them this necklace. This necklace came to be given by Mrs. Bagolie to my great-grandmother, and I just have had it ever since.
What's interesting about this is there's engraving back there. It's "M.L. to..." Laura Bagolie Sickels. That's the important part. This, as a necklace, is only worth about $800. Now, we have to take into account on this piece the historical significance as well. And I would say that the historical significance more than doubles the value of that. I think this is a piece worth $2,500 to $3,500 because of this very fine Lincoln provenance.
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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