1895 "The Narrative of a Japanese" Volumes I & II
GUEST: So my grandfather grew up in Japan...
APPRAISER: Uh-huh.
GUEST: And then became a teacher in Japan.
APPRAISER: Uh-huh.
GUEST: He later became a professor at Stanford and I inherited his library.
APPRAISER: So these books were published in Yokohama in 1895, and it's two-volume set of a, of a first edition. Not only are these two volumes extremely rare, they also have an incredible history. The author, Joseph Heco, was actually the first Japanese-American. So he was actually found at sea in the 1850s by an American frigate, and brought to San Francisco, and became involved in the Gold Rush, actually, in the 1850s. He eventually became an American citizen and worked with the California, um, Senator Gwin. He ended up in Washington, D.C., where he actually met President Lincoln. He later returned to Japan and worked with Commodore Perry when they opened up Japan to Western influences. And he published these books about his life in 1895 in Yokohama.
GUEST: You're saying this is the author?
APPRAISER: Yes, that's an inscription from the author. Not probably to your grandfather...
GUEST: No.
APPRAISER: But to someone that he had known.
GUEST: Yeah.
APPRAISER: And that adds an additional level of interest associated with it. Only three copies of this book have appeared in the auction market for the last 30 years, um, so they're very, very hard to find.
GUEST: (sniffling)
APPRAISER: Do you have any sense of the value? Well, I would say conservatively, that the pair would probably have an auction estimate of $6,000 to $8,000 in today's marketplace, and you probably could have them insured for at least $10,000. So glad you brought them in.
GUEST: Thank you so much. We'll put them either in a museum, or in a safe deposit box.
APPRAISER: That sounds like a good plan.
GUEST: Thank you so much.
APPRAISER: Thank you so much.
GUEST: Thank you.

$5,000 Auction
$8,000 Insurance
$6,000 Auction
$10,000 Insurance
Featured In

episode
Crocker Art Museum, Hour 1
Head to California’s capital city for appraisals at Crocker Art Museum. One is $80K-$125K!

episode
American Stories
Celebrate the history of our country through personal accounts behind standout treasures.
Books & Documents

appraisal
Dr. Seuss “Kangaroo Bird," ca. 1938

appraisal
1903 Jack London Call of the Wild Book with Letter

appraisal
1903 - 1908 Camera Work Magazines

appraisal
1851 First Edition "Pearl of Great Price"
Understanding Our Appraisals
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.


