1910 Democratic Convention Commemorative Pitcher
GUEST: I found it in an antique shop right here in West Des Moines. The lady had just unwrapped it. I thought, "Wow." And then I purchased it at that time. That's been about 25 years ago, maybe 30.
APPRAISER: And what'd you pay for it?
GUEST: I think around $100, $125, something like, something like that. I went over to the State of Iowa Historical Library. I looked up the "Ottumwa Courier," and I found the date, that date of it, and the headlines of the paper: "State Democratic Convention..." ...
APPRAISER: Was held that day.
GUEST: Yeah.
APPRAISER: It's clearly an oversized piece of what might be called utilitarian pottery. And then what might have been an ordinary piece of what we call spongeware, gets turned into a piece of folk art. A piece of political collectible, because of what it says. And right on the top, "Ottumwa." And we have a date, "July 27, 1910." And it says, "welcome" with a wonderful horseshoe. Now, when we turn it around, that's the reveal.
GUEST: (chuckles) There's a donkey.
APPRAISER: There's the donkey. The Democratic seal. So we now know that this was a commemorative piece made for the Democratic State Convention in 1910.
GUEST: State Convention, right.
APPRAISER: The way that this would have been made, would have been a piece of earthenware, and they would have spattered the decoration, the blue on there. But the stencil would have been put on to protect all the white sections from getting decorated. And we have this wonderful ground for the donkey to stand on. And that was applied with a brush. And then again... ...on the horseshoe, to give the horseshoe some more detail. And I always get very nervous when a piece like this has a handle, and the natural inclination is to pick it up by the handle, but if you take a look right here, and then right in here, are hairline cracks. And you never want to pick a heavy piece of stoneware up by the handle.
GUEST: Right.
APPRAISER: If there was no decoration on here, and this was just a utilitarian pitcher, probably $200, $250. But with the history and the decoration, and it's beautifully done, beautifully crafted, I would say, no problem, $3,000 to $4,000 retail.
GUEST: (chuckles) Yeah. Yeah. Well, that's good. My wife, she's-she's in the Democratic Party. I'm a Republican, so... (laughs)
APPRAISER: Okay! So where does it sit in the house?
GUEST: It-it sits in the living room. (chuckles)
APPRAISER: Okay.
GUEST: And she says, "You're not selling that!" (laughs)

$3,000 - $4,000 Retail
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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.
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