Signed Muhammad Ali Robe
Mel Gray, one of my favorite NFL players ever. Four-time Pro Bowler, right, seven-time All Pro? What do you have here?
Well, I have an Ali robe, and I noticed he signed it twice. I got it at an NFL fundraiser. I think it was right around 2000, 2001.
Okay. He signed "Muhammad Ali, AKA Cassius Clay." This is probably around that era, a late '90s, 2000s autograph from Muhammad Ali, which is when he would do this. He would recognize former and present. He took it looks like a black ballpoint pen, a little faded. What'd you pay for it?
I paid $2,500. There was a gentleman in the room who bid at $2,000, so I went up to $2,500, there was no more bids, and I took it from that point.
So admittedly, you pushed.
I pushed it, yeah, oh yeah.
So I don't mind telling you that you overpaid slightly. Now, with his recent passing, we will see, I think, an increase in the values and that will shoot up. Today at auction, it's valued at about $1,500 to $2,000, so you're right there, right around what you paid for it, but as you acknowledged, you pushed a little bit.
Certainly, that's okay. I would have paid $10,000 to get anything that he signed. I'm a big fan of his, have been since I was a little boy, and I was not going to leave that room without that robe.
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.
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