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Home > News, Articles & Multimedia > Worth Points > Weekly News Roundup: December 7 to December 11

Weekly News Roundup: December 7 to December 11

by WorthPoint Staff (12/07/09).

Art, antiques and collectibles headlines include sports memorabilia staying power, a 19th-century buckskin shirt expected to lasso in big bucks and a Pony Express stamp selling high.

From The Associated Press:
Sports memorabilia market heats up in cold economy

You just never know. In a bad economy, you’d figure collectors would be rushing to get ready cash by selling their memorabilia. But according to the president of Leland’s Auction House, that hasn’t been the case. In fact, there is not enough supply for the demand.

From The Vancouver Sun:
Aboriginal buckskin shirt could fetch $300,000 at auction

You have to figure the 19th-century Ottawa tribesman killed the deer himself and then spent time turning it into a decorated shirt at the monetary cost of zero. That shirt is going up for auction next week at Bonham’s in San Francisco, but be ready to write a bunch of zeros if you want to own it, maybe like five following a three.

From The Associated Press via Auction Central News:
1860 Pony Express envelope sells for $460K in NY

It was only in existence for a mere 19 months, but that was long enough for the Pony Express to sear itself into American lore. A envelope stamped on the first day the Pony Express began, April 3, 1860, sold at auction this week for $460,000. It originally cost $2.

From The Washington Post:
1787 Washington letter sells for $3.2 million

George Washington made it very, very clear in a letter he wrote in 1787 that he liked what he saw in the new U.S. Constitution. Some 200 hundred years later, bidders showed they really, really liked what they saw in the letter. It had a presale estimate of $2.5 million and hammered down at $2.8 million. (The auction fee pushed the price up to $3.2 million.) Way to go, George.

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