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Home > News, Articles & Multimedia > Worth Points > Weekly News Roundup: July 11 to July 15

Weekly News Roundup: July 11 to July 15

by Sandra Lee Stuart (07/12/11).

In art, antiques and collectibles news, we have some unhappy handlers, a Jackie Kennedy condolence note and purloined—or not—gold coins.

From Crain’s New York Business:
Sotheby’s workers ponder strike

The 40 “art handlers,” Sotheby’s employees who carefully carry the multimillion-dollar artwork, are working without a contract. The union is fighting the auction house’s attempt to ax some full-time workers for temporary ones, make work-rules changes and waive equal-rights protections. The old contract expired July 1. With continuing negotiations, the union has thrown in the “strike” bomb word.

From The Associated Press:
Judge to decide ownership of ‘Jackie letter’

Two years ago, a note from Jackie Kennedy to her sister-in-law, Ethel Kennedy, who had just lost her husband to an assassin’s bullets, was put up for auction. The auction never took place because sons of the slain senator questioned the legitimacy of ownership. The FBI looked into the allegation, and no charges were filed because of the death of the suspect. So who owns it? Here comes the judge.

From Reuters:
Legal battle begins over disputed gold coins

Let’s stay in the courtroom. The feds are saying some double-eagle gold coins took an unauthorized hike 70 years ago from the U.S. Mint in Philadelphia. The coins, worth a nice $75 million today, are now the center of a courtroom drama. Assistant U.S. Attorney Jacqueline Romero titillated the jury with “You are going to hear a remarkable and intriguing story about gold coins that were stolen from the U.S. Mint in 1933.” We shall see if she delivers.

From The Telegraph:
Wine glasses bought for 40p at car boot sale sell at auction for £20,000

All right, we confess. We’re running this item only because “car boot sale” makes us smile. At one, an English lady bought three glasses on a “hunch” for a paltry sum. Her hunch paid off when she found out they were 18th-century Beilby glass. The vessels sold for $30,000.

From Fox News:
Meet Christian Lopez: The Yankee Fan Who Caught 3,000

You may have not seen that shot live into the stands, the 3,000th for Yankee Derek Jeter. (Hey, if you’re going for a hit record, might as well make it a homerun.) It would have been hard to miss it on all the reruns. And there was the scramble for the historic ball. A 23-year-old snagged it. Instead of putting it up for auction for five or six figures, he gave it back to the Yankee organization for some Derek Jeter memorabilia, box-suite seats for the rest of the season and the playoffs, should Yankees make it. They are sitting one game behind the Red Sox at the All-Star break.

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