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December 20, 2014

Antiques Roadshow jade objects don't fetch as much money as thought

by Bob Sassone, posted Jan 5th 2010 10:30AM
Antiques RoadshowIf you watched PBS' Antiques Roadshow last night, you saw the biggest appraisal in the show's history. A woman from North Carolina brought in jade objects that her father brought home from China after World War II. The woman wasn't sure how much they were worth, but the appraisers told her they were worth $710,000 to $1.07 million. Turns out though that she didn't get quite that much when she went to sell them.

Maine Antique Digest reports that the jade objects brought in $494,615 when she sold them at Skinner's in October.

Why didn't the objects bring in as much money as the Antiques Roadshow people thought? It's all explained in the article linked above but too involved to get into here. It involves math.

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Mike

Totally different on Pawn Stars. Rick himself says if you want to get he appraisal price, go sell it at auction.

Rick doesn't pay the appriasal price on Pawn Stars because he's the owner of a pawn shop... an enterprise designed to make money. He is a reseller. He must buy low in order to make a profit by selling at the proper retail value.

Two totally different things.

January 05 2010 at 1:08 PM Report abuse rate up rate down Reply
anthony

You see the same thing on Pawn Stars all the time. Some appraiser walks in and gives an outrageous estimate on an item & then Rick brings the guy back down to earth with the real world price. Always hilarious...

January 05 2010 at 12:38 PM Report abuse rate up rate down Reply
Bob Sassone

Anything that involves numbers is math to me. You should see it when I try to tell time.

January 05 2010 at 12:36 PM Report abuse rate up rate down Reply
Europa

Thanks Mike for posting what Bob was obviously too lazy to do.

Bob if you're going to post, post. Please don't do it half ass. I totally wouldn't have bother reading this "post" if I'd known. What happen? Did you get pulled away from your computer unexpectedly or something?

January 05 2010 at 12:31 PM Report abuse rate up rate down Reply
Mike

Thanks for making me read that other article because you didn't understand it.

Math? Hardly.

All it said was that the appraisals offered on Antiques Roadshow are high... they appraise on the high end for the show, and the auction scored on the low end...

The article went on to say that the asians bidding intentionally were punishing the high appriaisals... forcing those items to go for under their estimates, while all the other items that hadn't been given the high AR estimate made more than was expected.

So, two conclusions: 1. AR's appraisals are quite on the high side, and 2. In this auction, where those appraisals weren't adjusted to match the rest of the appraisals in the auction in terms of expectations, the high estimates were punished by low bidding.

What part of that is math, Bob?

January 05 2010 at 12:21 PM Report abuse rate up rate down Reply
Ryan

I don't think you really need math for that.

No matter what anyone says the value of an item is. You are only going to get what someone is willing to pay for it.

January 05 2010 at 11:03 AM Report abuse rate up rate down Reply

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