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1955 Madoura Oval Plate by Picasso

Value (2013) | $10,000 Auction – $15,000 Auction
Watch  

GUEST:
It's been in our family since about 1970. We bought it in Rhode Island, didn't even realize that it was a Picasso until about five years ago. I have to admit that it hung over the stove in the kitchen, and all of our kids loved the smiley face. And no one's perfect, so it didn't bother me that there was a chip here. Five years ago, we went into a gallery and saw not an oval, but a circular plate with pretty much the same facial features, but not the circles around here. And I said, "Oh, we have a plate pretty similar to that." I said, "It's over the stove." And the guy sort of gasped and said, "Over your stove?" And I said, "Yeah, I have a plate collection." He said, "Do you know what you have?" And I said, "No, not really." He opened a book and said, "Is yours sort of like this? The oval one?" And I said, "Yes." He said, "Do you know what it's worth?" And I said, "Maybe $50, maybe $100. I don't think we paid any more than that." He said, "My dear, it's increased. I think you have maybe $1,000." And the guy said, "Do me a favor and take it off the wall above the stove." So it had layers, I hate to say, of grease.

APPRAISER:
Well, I can only imagine the amount of grease that must have been on it over the kitchen. It's just one of those things: you bought it because you liked it, and you've enjoyed it because of the decoration. The actual name for this particular dish is "Face in an Oval." Picasso did a lot of these special editions for the Madoura studio in the south of France. He actually did 633 different objects that were taken and they made special editions for. Some are jugs, some are figures, and some are dishes of different shapes in all. Now, you did mention that there was a little bit of enamel loss there, and we do see that pretty regularly on some of these pieces that have high relief. But otherwise, it's in quite remarkable condition. What's really important to note for this is that in this particular issue... and by the way, this was done in 1955.

GUEST:
Oh...

APPRAISER:
This tells us that they made 100 of them.

GUEST:
Okay.

APPRAISER:
And this is number 23 of 100. Although this is 23 of 100, there's no guarantee that they actually got around to making the full 100 in the series.

GUEST:
Okay.

APPRAISER:
Here, we have the Madoura name. And here, which is also important, is that this is from an original print by Picasso. Now, Picasso had a relationship with the Madoura studio for about 24 years, so you can imagine the amount of product that came from this. This is a really, really nice example, and I have to tell you something about the Picasso market. In the last four or five years, it's skyrocketed. It's just taken off tremendously. So you're snickering in advance. This is good. So what do you think it's worth today?

GUEST:
I haven't a clue.

APPRAISER:
You haven't a clue. Would you be surprised that an auction value in today's market, probably on the conservative side, would be in the range of $10,000 to $15,000?

GUEST:
Mmm! (laughing)

APPRAISER:
I love you, too.

GUEST:
That's fabulous.

APPRAISER:
That's fabulous. Yes, it's really a wonderful example. There's really no explanation. Trends change in the antique business, and what's changed in this over the last few years is that Picasso has just skyrocketed.

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Appraisal Details

Appraiser
Stuart Slavid
Decorative Arts, Pottery & Porcelain, Silver
Appraised value (2013)
$10,000 Auction – $15,000 Auction
Featured In
Boise, Hour 1 (#1801)
Event
Boise, ID (June 29, 2013)
Category
Pottery & Porcelain
Period
20th Century
Form
Plate
Material
Clay

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.

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