1956 Jacqueline Kennedy Letter
This is a letter from Jackie Kennedy that was sent to the Men's Democratic League of Newport, because she was in Newport, and had, unfortunately, a stillborn child at Newport Hospital, and the Men's Democratic League sent her a bouquet of flowers. And this is the thank-you note that she sent to them. And my grandfather, at the time, was the president of the Men's Democratic League, and this was 1956. So he kept the letter, gave it to my mother, and said, "Keep this letter, because he's going to be president, and she'll be first lady."
Wow. And it came true. Wow, very prescient.
You know, it's interesting, because there are a lot of ties from Newport and the Kennedys. They were married here, 1953.
Jacqueline Bouvier Kennedy, actually, Hammersmith Farm, so there's a very strong Newport connection.
It's just a lovely little note, basically, "Thank you for the roses." On the back here, it is nicely signed. It said, "It meant a great deal to me," so... Elegant note from a very elegant lady. At auction, I would expect this to bring around $1,500.
Wow. Very good.
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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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