Weekly Arts, Antiques & Collectibles News Roundup: Oct. 10-14, 2011

(UPDATED DAILY; Thursday, Oct. 13 2:28 p.m.)

Among the news items topping this week’s roundup of arts, antiques and collectibles news looks at the million-dollar take for the Richard Gere collection, a 1928 Brough Superior that has motorheads spinning their wheels and news The Teich Family Collection will be going up for auction, among other items . . .

The Hollywood Reporter
Richard Gere Auctions Guitar Collection to Tune of $1 Million

He’s not exactly Debbie Reynolds or the late Elizabeth Taylor, but Richard Gere is a draw at the auction house all the same. The 62-year-old Chicago star unloaded his 100-plus guitar and amplifier collection at Christie’s New York auction house Tuesday. The instruments fetched nearly $1 million.

Motorcycle USA
1928 Brough Superior on Auction Block

Bonhams are returning to the Yorkshire Event Centre in Harrogate on 16th November 2011 with another exceptional line up at their auction of Collectors’ Motor Cars, Motorcycles. Highlights include a 1928 Brough Superior SS100 motorcycle which is estimated to sell for £165,000-£185,000. This interesting early SS100 was re-commissioned for road use in the 1990s having previously been used for sprinting and other speed events by racing motorcyclist and Brough Superior Club President, Dick Knight.

Coin Week
Stack’s Bowers Galleries to Offer Part I of the Teich Family Collection

IRVINE, Calif. – Stack’s Bowers Galleries has announce that Part I of The Teich Family Collection will be crossing the block as part of our the Stack’s Bowers Galleries Official Auction of the Whitman Coin and Collectibles Baltimore Auction to be held Nov. 14-19, 2011, sure to be one of the great shows of the autumn season. The name of the Teich Family now joins the illustrious ranks of “name” collections, as Stack’s Bowers Galleries prepares the first in a series of major offerings from the Teich holdings. This old-time family collection has been in private vaults since the 1950s, and has already caused worldwide excitement in the selected previews Stack’s Bowers has hosted at several numismatic shows this year.

Irish Times
Chinese Dish Sells for more than 100 Times Estimated Value

A family in County Derry is celebrating after selling a Chinese porcelain Ming dish for €310,000 after they had initially had it valued at £1,000 sterling. The blue and white 15th-century dish, painted with images of a five-claw dragon, sparked a fierce bidding battle at an Adam’s country house collections sale at Slane Castle in Coounty Meath. In front of a packed saleroom, auctioneer Stuart Cole eventually brought the hammer down and said afterwards: “It will take a long time to wipe the grin from my face.”

NY 1 News
Infamous Assisted Suicide Machine to be Auctioned In Manhattan

Collectibles from the late, infamous euthanasia advocate Dr. Jack Kevorkian are heading to the auction block in Manhattan. Kevorkian’s assisted suicide machine is just one of more than 140 of his personal items to be put on sale at the New York Institute of Technology on Oct. 28. Also up for sale are several of his paintings, a bullet-proof vest and Kevorkian’s master lock from prison.

eCommerce Bytes
China & Dinnerware is No. 1 on TIAS.com Top-Selling Antiques & Collectibles List

The Internet Antique Shop (TIAS.com) released its list of the top 20 categories of antiques & collectibles that sold online in September of 2011. The list is based on the total number of items sold in each category of antiques & collectibles purchased online at stores hosted by TIAS.com in September of 2011. The top items on the list: China & Dinnerware.

The Daily Mail (U.K.)
Pensioner, 72, Commits Strong-Arm Robbery, Takes Coin Collection Worth £74,000

A pensioner was jailed for four years after staging a daring £74,000 robbery at an antiques shop and putting the owner in a headlock. John Gladwin, 72, tied shop owner David Allen up and raided safes at the Cambridge Coins and Jewellery shop in Biggleswade, Bedfordshire. Just days earlier Gladwin had gone into the coin and jewelry shop in a wheelchair case the place and planned to how to carry out the raid.

Associated Press
John Wayne auction in Los Angeles Fetches more than $5 million

LOS ANGELES – Organizers say a two-day auction of more than 700 costumes, scripts, awards and memorabilia from the estate of film star John Wayne brought in $5.4 million. The auction included items such as Wayne’s last driver’s license, a holster and gun belt from the film “El Dorado” and an eye patch from the 1969 movie, “True Grit.” Among the top lots in the auction was the green wool beret Wayne wore in “The Green Berets,” which went for $179,250, and a cowboy hat worn in “Big Jake” and “The Cowboys” that fetched $119,500. The items had been kept by Wayne’s family since his 1979 death from cancer.

The Daily Mail (U.K.)
And This Cherished Teapot from 1795 is Worth . . . Oh No, the Cat’s Smashed It!

As the longest-serving expert on “Antiques Roadshow,” David Battie is trusted by viewers to know how to care for valuable objects. But when it came to looking after a £1,000 Wedgwood teapot, the ceramics specialist on the BBC1 series had reckoned without his pet cat Leonard.

Made in 1795, the classic blue Wedgwood pot had taken pride of place on a shelf at David’s home in West Sussex. But just days before he filmed last Sunday’s edition of the show, Leonard, a one-year-old Bengal, sent the antique crashing to the ground, smashing the spout into three pieces.

Not Everything Jobs Touched, Turned into iGold

Talk about a glitch in the program: When pop culture heroes die, their cultural artifacts are supposed to soar in value. But in the 24 hours after Jobs passed away from pancreatic cancer last Wednesday, the news had yet to send prices on Apple regalia through the roof. Elsewhere on eBay, the bidding activity was so silent you could hear a hard drive chug from 50 feet away. No bids on an Apple III external floppy disc drive, “buy it now” priced to sell at $160. Likewise for an Apple III System PFS Report software package, looking pristine and offered for $90.

World’s Oldest Running Car Fetches $4.6 Million at Auction

The world’s oldest running car, an 1884 De Dion Bouton Et Trapardoux Dos-A-Dos Steam Runabout, made history Oct. 8, fetching $4.62 million at RM Auctions’ Hershey, Pennsylvania event. Before a packed house, the 127-year-old ride quickly eclipsed its $500,000 starting bid. By the time the dust had settled, the gavel fell at $4.2 million. The final price included a 10-percent buyer’s premium. The crowd began applauding as soon as the car crept onto the stage and the enthusiasm didn’t wane until well after the sale.

Poughkeepsie Journal
Start Your Baseball-Themed Collection with Affordable Items

Every true baseball fan wants a little piece of his team. That’s why sports collectibles have always been very popular. If you’re fanatical about baseball, but can’t afford an autographed Babe Ruth ball or Mickey Mantle bat, try setting your sights slightly lower. There are many affordable items that will look great on your wall in a sports-themed room.

Huntingdon Post (U.K.)
Antiques Roadshow’s Cromwell Jug likely to be a Fake, Says Expert

The authenticity of a jug thought to be made from the hide of Oliver Cromwell’s favorite horse which featured on the “Antiques Roadshow” has been thrown into doubt. The jug, inscribed with the words Oliver Cromwell Lord Protector of England Scotland and Wales 1653, was hailed by expert James Foster as the most exciting find to happen on the BBC show for years. He valued the 2ft tall tankard, allegedly made from his horse Blackjack and owned by Dorset man Richard Hoare, at £30,000. But John Goldsmith, curator of the Cromwell Museum in Huntingdon, thinks the jug could be a fake, and the value a gross over-estimate.

Fox Business
Do You have to Pay Taxes on that Gold or Silver You Sold?

Dear Tax Talk: If I turn in old gold or silver, do I have to pay capital gains tax on the cash I receive? How much would need to be paid on $4,000? – Marion. Dear Marion: When you sell property that was used for personal purposes, you have to pay tax on the gain. But if there is a loss, it is considered personal and not deductible.

National Public Radio
In China’s Red-Hot Art Market, Fraud Abounds

As the global economy teeters, one market is still reaching stratospheric highs: Chinese art. A Hong Kong auction of fine Chinese paintings earlier this month raised $94.8 million, three times pre-sale estimates. In fact, China is now the world’s biggest art market, according to the art information agency Artprice. Yet all is not what it seems in the murky world of Chinese art auctions, including a painting that sold last year for more than $11 million, but appears not to be what was advertised.

New York Daily News
PBS takes a look into racial Civil War history

Once in a while, a television show takes a fascinating question and presents a clear, direct and relatively simple answer. That’s a good moment, and a good moment is what we get from this crossover collaboration between PBS’ “Antiques Roadshow” and “History Detectives” over a Civil War tintype that shows a white and black man seated next to each other in Confederate Army uniforms.

Antiques Trade Gazette
Survey Shows Checks are Still Key to Antiques Trade

A survey conducted by the Association of Art and Antiques Dealers (U.K.) has revealed just how much the art and antiques trade relies on the check. In a poll of its 550 members, a clear majority (62 percent) of the association’s dealers who responded said that checks were used as the method of payment for over half their sales, and an even higher proportion (80 percent) used checks to pay at least half of their suppliers when buying stock and paying bills.


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