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Home > News, Articles & Multimedia > Worth Points > Weekly News Roundup: June 27 to July 1

Weekly News Roundup: June 27 to July 1

by Sandra Lee Stuart (06/29/11).

In art, antiques and collectibles news, we find articles of clothes with noteworthy provenance ranging from a Princess Diana dress to a Michael Jackson jacket.

From the International Business Times:
Diana’s iconic John Travolta gown fetches $800K at Toronto auction

Back in the day, dancing with the star of “Saturday Night Fever,” John Travolta, was something that women around the world were eager to do. Even Diana, Princess of Wales. When Travolta asked her to dance at a White House state dinner in 1985, she happily tripped the light fantastic in a fantastic black Edwardian gown. Lo these many years later, the gorgeous gown was sold at auction for $800,000, the low end of the presale estimate.

From The Guardian:
Michael Jackson’s Thriller jacket sells for $1.8m at auction

Calling it “one of the most important pieces of rock’n’roll memorabilia in history,” a Texas gold trader opened his wallet to the tune of almost $2 million and bought one of two leather jackets used in the filming of Michael Jackson’s “Thriller” video. The jackets were designed by video director John Landis’ wife, Deborah. (Among Landis’ other credits are “Animal House,” “The Blues Brothers” and “Trading Places.”) Some of the proceeds will go to an animal reserve that’s home of two Bengal tigers once owned by Jackson.

From The Guardian:
Lady Thatcher’s handbag fetches £25,000 at charity auction

It was a fashion that Margaret Thatcher clung to during her time as prime minister of England. The handbag draped over her arm. For a while, it seemed as if only Queen Elizabeth maintained the look. Now, darn it, if it’s not back in style. The retroness probably doesn’t have much to do with the auction results of the Iron Lady’s black leather bag. The $40,000 it brought in for charity was more likely because Thatcher balanced it on her arm when visiting Ronald Reagan in 1985.

From TIME:
Al Capone’s Handgun Sells for $110,000 At Auction

UPDATE: Talk about hitting the mark. The presale estimate for a Colt .28 handgun that once resided in the pocket—or maybe holster—of Al Capone was $80,000 to $112,000. It went for $110,000, which in our book is a bullseye.

From The Denver Post:
Only surviving photo of Billy the Kid auctioned Saturday

Ultraconservative industrialist William Koch took a little time out over the weekend from his hush-hush business retreat in the Colorado Rockies to bid on a photo of outlaw Billy the Kid. For $2 million (the presale estimate was $300,000 to $400,000), Koch can now enjoy and “discreetly” share it. “I think I’ll display it in a few small museums.”

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