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Weekly News Roundup: April 12 to 16

by WorthPoint Staff (04/11/10).

In art, antiques and collectibles news is a sweet inscription by Rudyard Kipling, a more-than-diligent Frank Lloyd Wright archivist and contemporary African art surging.

From BBC:
Kipling first edition with author’s poignant note found

A first edition of Rudyard Kipling’s “The Jungle Book” was found in England’s National Trust’s Wimpole Hall where the author’s older daughter, Elsie, resided for almost 40 years. Making the discovery even more exciting was what Kipling handwrote inside: “This book belongs to Josephine Kipling for whom it was written by her father, May 1894.” Josephine died five years later at age 6.

From The Arizona Republic:
Wright archivist revels in auction haul

Nineteen-year-old Bruce Brooks Pfeiffer got the golden opportunity to study at Frank Lloyd Wright’s Taliesin West in 1949. After the architect’s death in 1959, Pfeiffer took on the task for Wright’s foundation of archiving memorabilia housed in Taliesin West, from drawings to correspondence. More than 50 years later, Pfeiffer hit unexpected pay dirt when the foundation was able to pick up at auction a collection of more than 1,000 items amassed by a former Wright student with the archivist paying the bulk of the $48,800. Talk about devotion to your work.

From CNN International:
Why African art is having a renaissance

Contemporary African art has long been the stepchild of the world market. Not so any longer. More than 400 African artists displayed works at the Johannesburg Art Fair recently, which hosted more than 10,000 people. According to the fair’s organizer, Ross Douglas, “Africa has always had a strong tribal art and a strong craft component, and that will always stay . . . If you look at the number of young black artists doing well, making a living, it’s extraordinary. Five years ago it just didn’t exist.”

From Bloomberg:
Sotheby’s Hong Kong Sale Raises $258 Million on Global Growth

It was happy days for Sotheby’s at its Hong Kong sale last week. Think almost $260 million happy. The results were $90 million more than presale estimates. Some of the lots brought amounts comparable to those fetched before the credit crisis tanked the world economy.

From the Los Angeles Times:
Foreclosure auction of Nicolas Cage’s mansion is a flop

No happy days for actor Nicolas Cage of “Leaving Las Vegas” and “Con Air” fame. The “National Treasure” star is in a bit of a financial bind, and his 11,817-square-foot Bel-Air home was up for court auction last week. Cage had been trying to sell the place for $35 million. No one bit on the $10.4 million opener. It might have been because the house, as one real-estate agent put it, is “frat house bordello.”

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