1963 Picasso Madoura Plate
GUEST: When I was 11, my mother decided to take a leave from her job at the Museum of Modern Art, New York, and took us to France, the south of France, for six months. We biked all over. One trip, we biked all the way to Vallauris because we lived in Saint-Laurent-du-Var, which is outside of Nice. And she bought the plate.
APPRAISER: And the year was?
GUEST: 1967.
APPRAISER: It is a glazed ceramic plate made...
GUEST: Uh-huh.
APPRAISER: ...at the Madoura Studios in Vallauris in the south of France. The first one...
GUEST: Mm-hmm.
APPRAISER: ...of this particular group...
GUEST: Okay.
APPRAISER: ...was designed in 1963. Picasso had been doing ceramics at Madoura since about 1947. And I love to use this as a snapshot...
GUEST: Mm-hmm.
APPRAISER: ...of where he was in his life. Do you know how old he was when he designed this plate?
GUEST: No, I don't.
APPRAISER: He was 82 years old.
GUEST: Oh, my goodness. So he was very prolific.
APPRAISER: Yeah. And he never stopped creating. In '63, of the plates he did that year...
GUEST: Yeah.
APPRAISER: ...this is my favorite.
GUEST: Oh! It's mine, too, but then again, I... (chuckling) it's, it's always been in my house. But that's so nice that I brought you a favorite plate!
APPRAISER: I love this one. This plate, like many, many others, is called in French "visage" or face.
GUEST: Okay. Face.
APPRAISER: The editions are as small on these plates as 100...
GUEST: Mm-hmm.
APPRAISER: ...and they go up to 500.
GUEST: Okay.
APPRAISER: And this one is 150, so that is considered a small edition. It is numbered 147 out of 150.
GUEST: Mm-hmm.
APPRAISER: So we assume he did all 150. If this was offered at auction...
GUEST: Mm-hmm.
APPRAISER: ...being conservative, I would probably go with a pre-auction estimate of $6,000 to $9,000.
GUEST: Okay.
APPRAISER: They have been bringing...
GUEST: Mm-hmm.
APPRAISER: ...over $20,000.
GUEST: (whistles) That's a lot. I-it's all right. I'm not selling it. (laughs) I-it is my plate. (laughs) It's just a period of life that I wouldn't trade for anything. And this is, this is sort of emblematic of it.
APPRAISER: And if I were to insure this...
GUEST: Mm-hmm.
APPRAISER: ...I would probably go around $10,000.
GUEST: Okay.

$6,000 Auction
$10,000 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.
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