Jack Nicholson's "One Flew Over the Cuckoo's Nest" Hat & Documents
I was always a big fan of One Flew Over the Cuckoo's Next, the book and the movie, and I noticed someone was selling the autographed program and I thought, "What a great piece of memorabilia to have." I don't remember what I paid, about $20, $30 for that. She contacted me and asked me a great many questions about how much I loved the movie, what am I going to do with the program. She told me she had the hat, and she wanted it to go to someone who really enjoyed the movie.
When I first saw this, I thought, "Oh, there's no way." But the background, the real value here, is in this letter. If you didn't have that letter, no one would believe you that it was the hat, because it would be too hard to match up. The closest thing I could find was a jacket from The Shining, which, five or six years ago, sold for $6,500.
So if I were to put this into an auction, I would estimate it for no less than $4,000 to $6,000.
I didn't expect that. The only thing I would give it up for is a night on the town with Jack Nicholson.
If he wants it back, he can contact you.
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.