GUEST: This hat belongs to a friend of mine, Mr. Bayless. And he furnished all the costumes for John Wayne.
APPRAISER: The items we have here -- the hat and the two framed pieces -- kind of tie this whole thing in together. The photo up here on this side says, "Bud, nice meeting you. Michael Wayne." So right there, you got great tie-in with Michael Wayne, John's son, you and Mr. Bayless, puts you all together. Then you have a cartoon that's drawn here by a Walter Lantz artist, Jon Voght, and it says, "I know a fellow named Bud who stole a hat like that from John Wayne." So, again, now we're tying the hat in, proving provenance. To prove it's John Wayne's hat, when you open this up, we can see where it says, "Wayne #1," which shows that it was John Wayne's hat from one of the movies. And, furthermore, when you go to the side here, you can see who made the hat, which is made by Nudie's, who is one of the foremost Hollywood costume makers of the time. I wouldn't hesitate to estimate the hat anywhere from $4,000 to $6,000.
