“Cheap” Item Worth “$8000,000”

Often, we have seen those blue and white bowls, cups and teapots at yard sales for a dollar or two, and just as often we have seen them in the cupboards of insureds at fire, smoke and water-damage assignments.

We always treat them as if they were remarkably valuable no matter how the owner might feel about them.

Not long ago, an old teapot with a broken handle and a missing lid was sold online for $20.

Soon after, the new owner re-sold it for $800,000 to a museum. As it turns out, it was made by America’s first porcelain artist, prior to the Boston Tea Party.

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