Hertel Schwab Character Doll, ca. 1920
GUEST: This is my grandmother's doll. And she purchased it in the '90s. She kept it on her mantle, and she always said it was a spec-- her special doll. It kind of reminds me of, like, a Kewpie doll, but I don't think that's what it is.
APPRAISER: It's interesting that you say, "Kewpie doll," because a woman named Rose O'Neill illustrated the Kewpie dolls. And then they started making dolls of the Kewpie dolls, and it started an entire industry of what we call character dolls. And little Kewpie dolls had eyes looking to the side, and so other companies started making dolls with eyes looking to the side, and they've been nicknamed as Googly dolls. The doll is a Hertel Schwab doll, which was a German company. The doll was made in the 1920s.
GUEST: Oh my goodness.
APPRAISER: This is a particularly rare character doll, because it has the molded hair and the molded tufts of hair on the sides. On the back of its head, it has the numbers, "172-6," which was the model number for this particular head. The head is made of bisque, and bisque is the-the term we call porcelain; it's not glazed with a shiny glaze. It's airbrushed with a color, and then all the detail is painted on, and then it's re-fired. He's on a toddler body. The clothes have been made, probably, in the last 40 years. The original clothing to a doll like this would be very simple, a little cotton romper suit or something like that.
GUEST: Okay. Oh, okay.
APPRAISER: An auction price...
GUEST: Mm-hmm.
APPRAISER: ...it would probably go for between $3,000 and $5,000.
GUEST: Oh, my goodness. (both laugh) Wow.
APPRAISER: But, uh...
GUEST: I-I had no idea. I thought maybe $150. (laughs)

$3,000 - $5,000 Auction
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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.


