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Home > News, Articles & Multimedia > Worth Points > Weekly News Roundup: August 30 to September 3

Weekly News Roundup: August 30 to September 3

by Sandra Lee Stuart (08/31/10).

Among art, auction and collectibles headlines, we find a price for pork you won’t find in your local Piggly Wiggly, a Ponzi schemer’s flotsam and jettsam and still another celebrity toilet.

From the Lexington Herald-Journal:
Country ham goes for $1.6 million in charity auction

So, the ham that went for $100,000 a pound wasn’t some weird Damien Hirst creation. It was a real ham, the kind you eat. This annual charity event has been going on since 1964 when the winning bid was $124. Talk about inflation.

From The Orlando Sentinel:
Lavish dinnerware, Yoda entice buyers in auction of Lou Pearlman’s property

Lou Pearlman seemed to have it all. He got into the lucrative boy-band business introducing the world to the Backstreet Boys, with the group selling more than 100 million albums, and *NSYNC, which brought us Justin Timberlake. And Pearlman lived large. As it turned out, a lot of the “large” didn’t come from his music company. Instead, it was discovered Pearlman was running a massive Ponzi scheme, swindling more than $300 million. Pearlman’s new abode is federal prison to where he was sentenced for up to 25 years. Some of the items he amassed were auctioned this weekend including a statue of the beloved “Star Wars” character, Yoda.

From Reuters via MSNBC:
John Lennon’s toilet sells for $14,740 at auction

Toilets seem to be hot auction items. Last week, it was author J. D. Salinger’s plain white porcelain. At least, John Lennon’s is decorative. In fact, when he gave it to his builder, he said “put some flowers in it or something.” The estimate for the toilet was between $1,100 and $1,500. Never underestimate Beatles fans.

From The New York Times:
A Turnaround in Ansel Adams Photo Dispute

UPDATE. UPDATE. Another day, another twist in the ongoing Ansel Adams negatives saga. This time, one of the appraisers—not the felon—says he made a mistake about some of the negatives. Apparently, the shots were taken by a photographer far less renowned than Adams, Earl Brooks. The negatives will be shown in a Beverly Hills gallery at the end of September, selling for between $1,500 and $7,500. Stayed tuned. More updates are sure to follow.

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