A woman bought a damaged statue for under $100 in 1999—20 years later it was valued $100,000. So why did it sell for millions at auction?

A woman bought a damaged statue for under $100 in 1999—20 years later it was valued $100,000. So why did it sell for millions at auction?


January 7, 2026 | Jesse Singer

A woman bought a damaged statue for under $100 in 1999—20 years later it was valued $100,000. So why did it sell for millions at auction?


She Almost Walked Right Past It

In the late 1990s, a woman browsing a garage sale in Kirkwood, Missouri, noticed a small bronze statue sitting among everyday household items. It was dusty, visibly worn, and missing part of an arm. Nothing about it screamed valuable—but something about it made her stop and look again.

A Casual Purchase With No Big Expectations

She paid somewhere between $75 and $100 for the statue, assuming it was simply an old decorative object. There was no paperwork, no provenance, and no hint of rarity. It wasn’t an investment—just an impulsive purchase she found visually appealing in the moment.

Borrowing moneyKarola G, Pexels

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Even Dealers Had Ignored It

What made the purchase even more surprising was that antique dealers had already visited the sale. The owner later recalled assuming anything valuable would already be gone. The statue had been overlooked entirely, dismissed by professionals before she ever picked it up.

kasjanfkasjanf, Pixabay

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The Damage Worked Against It

The statue’s condition didn’t help its case. Much of the original gilding had worn away, fine details were softened by age, and a missing arm made it look incomplete. To most people, those flaws would have suggested low value or modern reproduction.

The Damage Worked Against ItScreenshot from Extraordinary Finds: Extras | ANTIQUES ROADSHOW | PBS, PBS

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It Lived Quietly For Years

After the purchase, the statue wasn’t immediately researched or appraised. It stayed with its owner for years, admired casually but never scrutinized. There was no urgency, no suspicion, and no reason to believe it carried historical or financial significance.

It Lived Quietly For YearsScreenshot from Extraordinary Finds: Extras | ANTIQUES ROADSHOW | PBS, PBS

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Curiosity Finally Took Over

Nearly two decades later, the owner decided to bring the statue to a PBS Antiques Roadshow appraisal event in St. Louis. She wasn’t chasing a reveal—just hoping to learn more about an object she’d lived with for years.

Curiosity Finally Took OverScreenshot from Extraordinary Finds: Extras | ANTIQUES ROADSHOW | PBS, PBS

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The Appraiser Noticed Something Immediately

When Robert Waterhouse, a specialist in Asian art, examined the statue, his reaction was immediate. The craftsmanship, proportions, and casting quality pointed to something far more serious than a decorative bronze, despite the visible damage.

The Appraiser Noticed Something ImmediatelyScreenshot from Extraordinary Finds: Extras | ANTIQUES ROADSHOW | PBS, PBS

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“This Is Not A Tourist Piece”

Waterhouse explained during the appraisal that the statue was clearly a devotional object. Its quality suggested it was made for worship, not decoration. He noted that the craftsmanship even hinted at a high-status—or possibly imperial—origin.

One Small Decision Changed EverythingScreenshot from Extraordinary Finds: Extras | ANTIQUES ROADSHOW | PBS, PBS

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A Conservative First Valuation

Based on the information available at the time, Waterhouse offered a cautious retail estimate of roughly $100,000 to $125,000. He stressed that this was conservative, acknowledging there were still unanswered questions about age and origin.

Close-Up Hands Counting Money American Dollar, Shutterstock, 794159299NATNN, Shutterstock

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The Story Didn’t End With The Show

After the episode aired, the statue drew attention from scholars and specialists. Further research began almost immediately, with experts revisiting assumptions made during the appraisal and comparing the piece to known historical examples.

The Story Didn’t End With The ShowNational Museum Collection Integrated Search System, Wikimedia Commons

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Early Assumptions Were Revisited

While early discussion placed the statue in a later dynasty, deeper scholarly analysis suggested it was much older. Experts ultimately concluded it likely dated to the Late Tang Dynasty or Five Dynasties period, around the 9th or 10th century.

Wu Zetian InternalWikimedia Commons

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A Rare Buddhist Figure Identified

Specialists identified the statue as Cintamanicakra Avalokiteshvara, a rare six-armed form of the bodhisattva associated with compassion in Chinese Buddhism. This specific iconography is extremely uncommon in surviving bronze sculptures.

A Rare Buddhist Figure IdentifiedPhoto by Bradley Mayhew, Wikimedia Commons

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Why That Identification Changed Everything

Late Tang Buddhist bronzes of this quality are exceptionally rare, especially outside China. Once the statue’s identity and age were confirmed, its importance grew significantly—both academically and in the eyes of serious collectors.

Why That Identification Changed EverythingNyarlathotep1001, Wikimedia Commons

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Damage Became Proof, Not A Problem

Rather than diminishing value, the wear supported authenticity. Experts explained that devotional objects used over centuries are expected to show damage. In this case, the imperfections aligned perfectly with the statue’s age and religious use.

Damage Became Proof, Not A ProblemScreenshot from Extraordinary Finds: Extras | ANTIQUES ROADSHOW | PBS, PBS

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The Decision To Test The Market

With growing confidence in the scholarship behind it, the owner consigned the statue to Sotheby’s in New York. The goal was simple: let the global art market decide what the piece was truly worth.

Sotheby's headquarters on York Avenue, on the Upper East Side of Manhattanajay_suresh, Wikimedia Commons

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Modest Estimates, Serious Interest

Despite its significance, the statue entered Sotheby’s Important Chinese Art auction with a pre-sale estimate of roughly $60,000 to $80,000. On paper, expectations remained restrained—at least initially.

File:Sothebys-encheres.jpgSothebys117, Wikimedia Commons

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Bidding Took Off Almost Immediately

Once the lot opened, it became clear the estimate wouldn’t hold. Collectors quickly recognized how rarely pieces like this appear, and bidding escalated rapidly as interest intensified across the room.

AuctionPressmaster, Shutterstock

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A Seven-Minute Bidding Battle

According to Sotheby’s, the auction turned into a seven-minute bidding war. Multiple collectors competed aggressively, pushing the price higher with each bid as it became clear this was a once-in-a-generation opportunity.

A Seven-Minute Bidding BattleNelson Pavlosky, Wikimedia Commons

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The Final Price Stunned Everyone

When the hammer finally fell, the statue sold for approximately $2.1 million. The result shocked observers and instantly reframed the story—from a surprising appraisal to one of the most remarkable rediscoveries in recent art history.

Close-up photo of a man holding a number sign on auctionRavenelartgroup, CC BY-SA 4.0,Wikimedia Commons

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Even The Appraiser Was Amazed

Robert Waterhouse later acknowledged that while he knew the statue was important, the final price exceeded even optimistic expectations. The auction confirmed just how rare and desirable the piece truly was.

Even The Appraiser Was AmazedScreenshot from Extraordinary Finds: Extras | ANTIQUES ROADSHOW | PBS, PBS

Why Auctions Can Rewrite Value Overnight

Auction estimates are starting points, not ceilings. When rarity, scholarship, and global demand converge, competitive bidding often overrides logic—dramatically redefining what an object is worth in a matter of minutes.

Photo of people on an auctionFars Media Corporation, CC BY 4.0, Wikimedia Commons

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A Reminder Hidden In Plain Sight

This story resonates because it feels impossible, yet it’s real. Important historical objects don’t always live in museums. Sometimes, they sit unnoticed in ordinary places until curiosity and expertise finally intersect.

A Reminder Hidden In Plain SightWilliam Cho, Wikimedia Commons

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One Small Decision Changed Everything

A moment of curiosity at a garage sale, followed by patience and expert insight, transformed a damaged statue into a multimillion-dollar rediscovery—proving that sometimes, history reveals itself only to those willing to look twice.

File:Cintamanicakra (Ruyilun Guanyin) - Mount Putuo Guanyin Dharma Realm; Zhejiang, China.jpgNyarlathotep1001, Wikimedia Commons

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Sources:  123


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