GUEST: It belonged to my great-uncle, who lived in New York and was chairman of Lord & Taylor for many years in the '50s and '60s.
APPRAISER: You know who this is, right?
GUEST: Winston Churchill.
APPRAISER: Winston Churchill. Did you know this is his autograph?
GUEST: I was hoping it was.
APPRAISER: This is his autograph. Winston Churchill had terrible handwriting, but it's enough for me to say that's definitely his handwriting.
GUEST: Mm-hmm.
APPRAISER: And he's dated it 1944. Winston Churchill is really collectible. This photograph in this condition with this signature on the-- not on the picture, but on the border...
GUEST: Mm-hmm.
APPRAISER: ...is worth about $2,500 to $3,500.
GUEST: Fantastic-- I had no idea.
APPRAISER: Yeah, now, if you're, if you're an autograph collector, though, here is the other news. You really want the signature on the picture.
GUEST: Oh, okay.
APPRAISER: And if Churchill had signed it on the picture versus on the mat...
GUEST: Right.
APPRAISER: ...it would be worth $3,000 to $5,000.
GUEST: Okay.
