Lee Godie Canvas Painting, ca. 1985
My husband and I were at a thrift store looking for filing cabinets, and he came across this, and the colors really spoke to him. Funny thing is, the thrift store owner said a lot of people looked at that, but I've already checked it out, and it's not a Picasso. And so we kind of giggled at that.
And how much did you pay?
Well, the artist Lee Godie is a wildly colorful, outsider artist who spent most of her life in Chicago. She was born in 1908, but didn't really start working or painting until late '60s. So she was older in age. She had been through a divorce and had lost two children. And she actually elected to live outside and became kind of a very popular folk hero in Chicago.
Started selling her work at the door of the Art Institute of Chicago. And she died in 1994. This probably would have been painted in the 1980s or so. She used any variety of mediums to paint and was notoriously guarded about personal information. And tended to sell to friends of hers. Especially Chicago-area individuals are very interested in her work. She's heavily collected in that region in particular. And this example, at auction I would expect it to fetch somewhere in the region of $2,000 to $3,000.
Wow. That's great. (chuckles)
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.