Owner Interview: 1936 Joe Fortenberry Olympic Gold Medal
This is by far the most important U.S. gold medal that we've seen come in at the sport's table at ANTIQUES ROADSHOW.
I would put a value of this at auction of $100,000 to $150,000.
Wow. I was right more or less. Thank you. That is incredible.
You were, and for insurance. I would easily put a value on it of $175,000.
Wow. Well, it'll go back in the lockbox.
I got to talk about my dad and his Olympic basketball career which is one of my favorite subjects. I get to share it with the world because it was kind of an unknown era of basketball before World War II. The Basketball Hall of Fame has not put my father or the Olympic team in the Basketball Hall of Fame. They turned them down this past year. But, it's a process and we'll just keep doing it. It's not just him, it's the team and all the other people that are on it. Of course, I'm prejudiced for him. He was just a gentle giant. I didn't realize, I didn't realize how important he was and he didn't either ’til about 1980 or '84 during those Olympics when people started coming around wanting to interview him. Then he decided well, maybe that was important. He kept this in a shoe box in the top of his closet. One of my cousins who has worked in Hollywood, she was one of the assistants to the producer of “Field of Dreams.” And she grew up in Amarillo with us and knew my dad and she's written a screenplay and she's trying to get it made. But it's a hard road to hoe. But she's working at it. It's about the team getting there and I think she wants to call it “Slam Dunk.” This is as important as I thought it was and now I get to share it with other people and I'm just lit up!
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.