Japanese Lacquer Writing Box, ca. 1900
GUEST: My friend Linda...
APPRAISER: Mm-hmm.
GUEST: ...who is now 81, gifted this to me about five or six years ago. Her father traveled extensively, and, uh, the late '60s, early '70s. And he went to Japan, and he went to the factory where this was produced, and that's where it was purchased.
APPRAISER: The factory that this was bought in was in Japan, and it was a factory that actually manufactured lacquer, lacquer wares. But what they also did is, they sold antique lacquer objects.
GUEST: Okay. That is what this is. (whispers)
APPRAISER: Yes. So this was not manufactured by them.
GUEST: Mm-hmm.
APPRAISER: It was sold by them. So that's one part.
GUEST: Okay.
APPRAISER: Now, the second part is just the stunning decoration. You can see the cranes, and then you can see the sky and the waves. There's a variety of gold and silver. All of this is accentuated by the black ground, which is lacquer. Cranes represent in Japan, and throughout Asia, long life and happiness and success. So this is a Japanese lacquer writing box and table, and it dates to around 1900. You can see inside the case, you've got an ink cake stick at the bottom over here. There are several brushes that are lacquer.
GUEST: Mm-hmm.
APPRAISER: You have a little silver container at the top for other implements. And in the center of it, also, is the ink stone. What we see is just this mix of skills of a silversmith, lacquer workers, the people that designed this scene, that came together to create truly what is a masterwork. What do you think it's worth?
GUEST: There was a receipt.
APPRAISER: Mm-hmm.
GUEST: When he purchased it, he paid around $2,200, U.S. dollars, for it.
APPRAISER: That was a lot of money in 1966.
GUEST: Yeah, '66 is when he bought it. And so, well, I would hope it has doubled in value, that would be nice.
APPRAISER: The Japanese market has been very interesting. What we had is a peak of the market in the late '80s, early '90s, and a gradual diminution in interest...
GUEST: Oh.
APPRAISER: ...up to where we are now. But because this is so extraordinary...
GUEST: Ah.
APPRAISER: ...it's going to do a little bit more than what you thought. I think that in an auction situation, this would realize somewhere between $10,000 and $15,000.
GUEST: Wow, wow! Blows my mind!
APPRAISER: (laughs)
GUEST: (chuckles) Really? Oh. Well, I don't know what to say.
APPRAISER: (laughs)
GUEST: (chuckles) Wow! That's wonderful.

$10,000 - $15,000 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.


