1925 Rudolph Valentino-gifted Bracelet
I found this in the mud at night, and it was raining. I was running, and I stepped over it, and just happened to see a little piece of it sticking out. And something told me, "Just grab it," put it in my pocket, and I didn't even realize what I had till the next morning.
It is inscribed, "To Rudy, from Rudolph Valentino, 1925." And it is quite common for people at the time in Hollywood to have gifts made to give people. I actually reached out to a couple people to see if we could figure out who the Rudy was, and no one knows. My guess is that this was a gift that he had made for cast and crew members. We did go over to the jewelry table and check it. It is sterling, it is not solid. And he said that's exactly what they would do if you wanted to order something that had a certain price point, which again makes sense if this was a gift that he ordered bulk to give to people. So all of that said, he didn't personally wear it, but it's still a gift from Rudolph Valentino. At auction, we'd put an estimate of between $2,000 to $3,000 on it.
Okay. Well that's great. That's good news.
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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.
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