Rare Finds: Underinsured jewels hidden in the home
Whether inherited and passed down to you over decades or bought and collected by you personally, owning antiques is thrilling and adds intrigue and curiosity to your home. Having your antiques valued regularly may seem unnecessary, but insuring them accurately depends on correct, up-to-date valuations. Therefore it is often the case that antiques are grossly underinsured. So, if you own antiques, do you know what’s at stake? Let’s take a look at some surprising finds to pop up around the UK.
Lost Richard Dadd watercolour
In 1986, a man brought in a painting he’d stored away in his attic for years onto the BBC’s Antiques Roadshow. Unsure of its value, the owner was shocked to find the painting was in fact a lost watercolour by none other than Richard Dadd from 1857. It was valued at £100,000 and was later sold for the same price to the British Museum.
Similarly, in 1991, a bronze pot appeared on the Antiques Roadshow. The owner had used it for many years as a living room plant-pot. He was stunned to hear that the plant-pot was instead a genuine French ‘Japonisme’ urn dated 1874. The urn didn’t go on sale until 2012 where it sold at auction for a staggering £560,000.
Rare Chinese pot
For 40 years, a Hertfordshire woman used a Chinese pot over 200 years old as a doorstop in her cottage. Little did she know that this was a very rare artefact indeed, as it was valued at £20,000. When the owner decided to sell the pot, it fetched £150,000 at auction.