GUEST: Well, this is a banner that I inherited from my grandfather. It's an Olympics banner from, I believe, the 1932 L.A. Olympics.
APPRAISER: And he did indeed find it in Los Angeles, correct?
GUEST: Yes, he went to school there briefly in the mid-1930s.
APPRAISER: It's a screen print on cloth. We've never seen this one before. In fact, most of the items from the 1932 Olympics, except for tickets and stubs, are quite rare. It was an unusual Olympics, with the Great Depression going on. About half the athletes that participated in the 1928 Olympics couldn't make it to 1932 Olympics. President Hoover didn't attend, either. (chuckles) And probably because of the fact it was the Great Depression, there's just not a lot of pieces we see, especially pieces like this that most likely hung in the stadium. Have you ever had this item appraised before?
GUEST: Yeah, no, I never have.
APPRAISER: We'd put a value at auction of $2,000 to $4,000.
GUEST: (laughing) Terrific. That's excellent.
