1941 Ben Cunningham 'Musicians III' Oil Painting
GUEST: The smaller picture here is a picture of my Aunt Bertha, who owned the painting. And I inherited it when she passed away. And she knew the artist-- he was from another town, but he ended up in, in Reno, where my aunt and uncle lived. And I'm not sure exactly where the picture was taken, but it looks like it was probably a studio.
APPRAISER: And do you know what she might have paid for the painting?
GUEST: I don't have any idea. She and her husband, Arthur, were close friends of the artist, so he may have given it to them.
APPRAISER: The painting is by Benjamin Cunningham. It is oil on board. It's signed and dated lower right, 1941. And looking at the painting stylistically, we know it's gonna be before 1942-'43, 'cause at that point, all the work becomes very abstract.
GUEST: Uh-huh.
APPRAISER: He doesn't really do figural work anymore. On the back, there's a label that says "1941," as well, and the title, "Musicians Number Three.” And there's a fun label from an exhibition in San Francisco in 1942. I find it interesting that she met him in Reno. He's from Colorado, but he did end up in Reno...
GUEST: Mm-hmm.
APPRAISER: ...where he studied architecture before going on to San Francisco and really pursuing art. And I have to say, as a native San Franciscan, I know him because of his connection to the WPA work that he did on murals.
GUEST: Mm-hmm.
APPRAISER: And in particular, he's one of the artists who worked in the Coit Tower. Cunningham is a very well-known artist, and his work is in lots of famous museums.
GUEST: Mm-hmm.
APPRAISER: The Guggenheim, MoMA. But the values have not really been in alignment, I think, with what you might imagine for someone who is famous. An insurance replacement value in today's market would be $12,000.
GUEST: Oh, okay. All right, well, that's helpful. (chuckles) I, I don't have it insured yet. (chuckles): With my house owner's insurance.
APPRAISER: They don't usually cover art.
GUEST: No.
APPRAISER: Unless it's itemized.
GUEST: Yeah.
APPRAISER: Uh, over $5,000 is a general rule of thumb. But you gotta talk to your agent. (chuckles)
GUEST: Uh-huh.

$12,000 - $12,000 Insurance
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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.


