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Weekly News Roundup: May 17-May 21

by WorthPoint Staff (05/18/10).

In art, antiques and collectibles news is a slinky number worn by Marilyn, some high-priced jade and Old Masters drawings.

From The New York Post:
Marilyn frock is on block for 250G

She wore the pink satin gown in “Gentlemen Prefer Blondes.” Now, Profiles in History auction house is hoping bidders will prefer the slinky number worn by Marilyn Monroe portraying Lorelei Lee, hoping to the tune of $250,000. The auction runs from June 10 to 12, with the dress open for bids on June 11.

From Bloomberg:
Asian Battle for Jade Pushes London Auctions to $30.1 Million

Nothing like a little competition to boost auction prices. There was some heavy bidding at Bonhams in London last week, pushing up a collection of jade to double its presale estimates. An 18th-century vase fetched the highest bid at £580,000 ($833,600).

From Forbes:
Old Master Drawings

Old Masters drawings didn’t take the sales hit other art did during the recession. Still, experts feel they are going for less than their value. That despite a Raphael going for $47.9 million last December. This type of drawing was done on paper from the 15th to 19th centuries. Sometimes, they were sketches for a larger piece. Other times, they were works unto themselves. It’s reported that a Benjamin West (1738-1820) could be had for as little as $10,000.

From BBC News:
Baroque painting by master Domenichino saved for nation

A painting by Italian Master Domenichino was set to leave England after being bought by last year. Then bureaucracy stepped in and oops, no export license would be issued for a while. This gave an unknown collector time to buy the portrait of Saint John the Evangelist, and the masterpiece is being displayed at the National Gallery in London.

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