Philippine Headhunters' Shield, ca. 1900
APPRAISER: Bill, tell me how you got this shield.
GUEST: My first show of paintings 50 years ago, the little museum wanted one of my paintings, and they didn't have any money. So we made a trade.
APPRAISER: This shield is from Mindanao in the Philippines.
GUEST: Sure.
APPRAISER: Mindanao was settled by headhunting tribes, and this is from a group called the Bagobo. And when I saw it, I knew the shape, I knew what it was and where it was because a lot of those things came back during the Spanish-American War. People forget that we fought a war over there in 1898. At the same time we were in Cuba, we were in the Philippines.
GUEST: Right.
APPRAISER: And when I looked a little closer, I noticed there are little holes all the way around this edge. And if you run your fingers over them, it feels kind of stubbly, like you forgot to shave.
GUEST: So it had a fringe?
APPRAISER: It had human hair fringe all the way around it.
GUEST: Whoa.
APPRAISER: It wasn't across the bottom, but it was all the way up both sides. Most of these pieces are from well into the 20th century, but because it had the hair on it, I think it's from the late 1800s, early 1900s, which makes it a fairly scarce item. They do come up for sale, but not very often. If this one was to come up at auction, I feel it would easily bring $2,000 to $3,000.
GUEST: Thank you.
APPRAISER: And it's a great piece.
GUEST: Thank you. I've enjoyed having it.

$2,000 - $3,000 Auction
$2,000 - $3,000 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.


