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Extraordinary Finds | Hear More from Lowry About the Auction!

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1854 Edward Beyer Panoramic Oil

Value (2014) | $250,000 Insurance
Watch  

GUEST:
I've had it for years, and I love it, and this was painted of Charleston in 1854. We didn't become a state until 1863.

APPRAISER:
Oh, my goodness, so not only is it before the Civil War...

GUEST:
Right.

APPRAISER:
...it's before statehood for West Virginia.

GUEST:
Correct.

APPRAISER:
So this scene of Charleston was at this point Charleston, Virginia.

GUEST:
Right.

APPRAISER:
It's a wonderful panoramic landscape by the artist Edward Beyer, signed lower right and dated 1854. Beyer was born in Germany and came to the United States in the late 1840s and came, as many people do, to Virginia for the wonderful spring waters. While he was here, he did a series of... I think it was 40 panoramic views of the state. And then with these paintings and with the notion of panoramic paintings in general, he would show them, people would come and look at them and have magnifying glasses and really enjoy them as paintings. Toward that end, he sold subscriptions of five dollars a piece to turn into portfolio lithographs.

GUEST:
Mm-hmm.

APPRAISER:
The Album of Virginia is what it's called, which now resides at the Historical Society in Richmond. This is just a wonderful example of what I really suspect, with more research, may prove to be one of the original 40. So did you inherit it, or buy it, or...?

GUEST:
I inherited it. When he came to Charleston, a number of Charleston businessmen paid so much money to pay for the painting, and then they had a drawing, and one of the persons would get the painting, and it was my grandfather, and it's been passed down through the family, and I have it now.

APPRAISER:
Since this is my first time in Charleston, can you give me an idea of what we're looking at?

GUEST:
Well, this is the Kanawha River going through here, this is from the south hills, and this would be the city of Charleston on this side. Now you have the boulevard going along here, which of course wasn't built in those days.

APPRAISER:
You've had it restored and cleaned, which is terrific. It's in great, stable condition, and the more you look at it, the more wonderful it becomes. You see little figures and little buildings, people on the water, the beautiful, beautiful mountains. And it's so fresh, it looks as if it was done yesterday. What a treasure. I would value it for insurance at $250,000.

GUEST:
That's nice, that's very nice. (laughs)

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Appraisal Details

Appraiser
Colleene Fesko
Paintings & Drawings
Colleene Fesko Works of Art
Boston, MA
Appraised value (2014)
$250,000 Insurance
Featured In
Charleston, Hour 1 (#1916)
Event
Charleston, WV (August 16, 2014)
Category
Paintings & Drawings
Period
19th Century
Form
Painting
Material
Oil

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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