Pendant Jewelry by Faberge from 1880
GUEST: Quite a number of years ago, my father purchased this for my mother. I believe it was purchased in San Francisco, and she gave it to me about ten years ago.
APPRAISER: Okay. And have you ever had it appraised or had anybody look at this piece before?
GUEST: Yes, I did. Um, we brought it to a jeweler in Palm Desert, and he was unable to appraise it because he wasn't quite sure what it was.
APPRAISER: I see, okay. Well, it's a lovely piece of jewelry. It's set throughout with small rose-cut diamonds, and the bottom here is a carved agate shell. And what's so beautiful about this particular piece is that not only is it a fluted shell, but they've carved it to coordinate the banding in the agate with the actual lip of the black-lipped oyster. And in the center here, we have this little dangling pearl. It's wonderful. The beauty of this piece was, when I turned it over, on the back, there were some hallmarks.
GUEST: Mm-hmm.
APPRAISER: And the hallmarks were in Russian and in Cyrillic. And the two initials on here are the initials that represent Fabergé.
GUEST: We know that name.
APPRAISER: So you've heard that name before.
GUEST: Yes.
APPRAISER: So I, I'm happy to confirm with you the piece is by Fabergé.
GUEST: Wonderful.
APPRAISER: It dates from about 1880. I would say that at auction, you can expect a piece like this to fetch somewhere between $15,000 and $20,000.
GUEST: Wow, that's great. Thank you very, very much.
APPRAISER: Well, it's my pleasure. I'm glad we've had a chance to see this and be able to talk about it.

$8,000 - $12,000 Auction
$15,000 - $20,000 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.


