Rolex Explorer Reference 1016, ca. 1964
GUEST: It was my boyfriend's when I was in high school. He got arrested and had to go to jail.
APPRAISER: Uh-oh.
GUEST: So he brought a couple things to my house for me to keep for him. The watch, a hunting rifle, and a jacket.
APPRAISER: Okay.
GUEST: So after he got out of jail, he came back to my house-- well, my parents' house-- to get his stuff, and I wasn't home. So my mom let him into my bedroom to get his stuff, but he forgot about the watch. So this last winter, when I was cleaning out some stuff, I found it in the back of my actual sock drawer-- yes, I know.
APPRAISER: Mm-hmm.
GUEST: Uh, 50 years. It's been there at least 50 years. Over 50 years.
APPRAISER: It's a reference 1016 Rolex Explorer. These were sold to anybody more into sports. So the bracelet on here is not original. It's very similar to what originally would be on there, which was called the Jubilee link bracelet. But when we look at old advertising, we see that many of these were sold on a leather strap. You can buy the watch either way. The more popular at that time was the strap. So, originally, the dial wasn't this color. This is a very, very strange-looking color. Light brown, a chocolate brown, to a dark brown, going to the original black
over here on the end. This one has faded. What we call that now in watch collecting, it's called tropical. The radium that's in the hands, the radium that's in the number to give it the glow-in-the-dark effect...
GUEST: Mm-hmm.
APPRAISER: ...sometimes it gives off that radiation, it burns it. Perhaps somebody
wore this a lot, and it was in the sun. 20 years ago, in watch collecting, a dial like that was considered, "That's no good." So, if this went into service to your watchmaker, to the jewelry store, they might take that dial off and toss it out, and get you a replacement dial from the factory.
GUEST: Mm-hmm.
APPRAISER: Now that's coveted. That's a prize that's desired by collectors who want that look. This is the most extreme of tropical dials I think I've ever seen.
GUEST: Whoa.
APPRAISER: It's in working condition. This watch right now, retail, it'll bring $10,000.
GUEST: (inhales): W... Seriously? All right. A redeeming factor for him.
(laughs)
APPRAISER: What do you think of that?
GUEST: I think it's awesome.

$10,000 Retail
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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.


