1925 Michelin Man "Bibendum" Advertising Figure
GUEST: One of our dear friends, they were having an estate sale, and she had a lot of things from her grandparents. And my husband, he loves antiques, collectibles, so I called him over, and he immediately gravitated to this Michelin Man and, um, wanted it right away. I don't remember what my husband paid.
APPRAISER: I love this character-- he's one of the great advertising characters of the 20th century. His name is Bibendum. In 1894, the Michelin brothers had a show. They saw a stack of tires, and they said it looked like a man without arms. They got, went to a cartoonist, and they created this character, Bibendum. He shows up in plaster and in papier-mâché. He shows up in cast irons. Now, this is the painted plaster, which I think is a little later. '20s and '30s? It's really hard to know exactly when what was made. One about two years ago was, I think, repainted. It was all yellow.
GUEST: Yes.
APPRAISER: Beautifully painted.
GUEST: Yes, sir.
APPRAISER: It brought, um, $4,500.
GUEST: Wow.
APPRAISER: Then a year or two before that, one brought, which was gray paint, like this, which is the best of the best of the best, and I wouldn't worry about the-- was, like, $6,500. I think this is about $7,500.
GUEST: Hear that, Susan? Write that down.
APPRAISER: And I just think it's absolutely phenomenal.

$7,500 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.
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.


