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Home > News, Articles & Multimedia > Worth Points > Weekly News Roundup: December 13 to December 17

Weekly News Roundup: December 13 to December 17

by WorthPoint Staff (12/14/10).

In antiques, art and collectibles news, Custer’s last flag brings in top dollar, basketball’s bible and the Emancipation Proclamation are sold.

From The Boston Globe:
Only salvaged Last Stand flag sold for $2.2m

That American flag, tattered and with possible bloodstains, that flew with Gen. George Custer at the Battle of Little Bighorn was acquired by the Detroit Institute of Arts in 1895 for a mere $54. The guidon was sold at a Sotheby’s auction last week for a not so mere $2.2 million. And why would an unidentified private collector cough up so much money? Probably because it is believed to be the only surviving flag from the ignominious battle in which 200 soldiers died.

From CNN:
Basketball ‘bible’ auction sets sports memorabilia record

UPDATE: The creator of basketball, Dr. James Naismith, wanted the sport to a gentlemanly game with no pushing and shoving. So he came up with a two-page “Founding Rules of Basketball” back in 1891. From his list of rules evolved a sport where the president of the United States could get clocked in the kisser and require 12 stitches. The document recently sold at auction for almost $4.4 million. Selby Kiffer, Sotheby’s vice president for manuscripts and books department, said “This is the birth certificate. It started here.” The winning bidders said they would take the rules to the University of Kansas where Dr. Naismith lived for four decades.

From The Associated Press via The Wall Street Journal:
RFK-owned Emancipation Proclamation goes for $3.7M

ANOTHER UPDATE: The copy of the Emancipation Proclamation that Robert F. Kennedy picked up in 1964 for $9,500 at auction brought in much more than that at auction last week. It went for the staggering sum of almost $3.8 million. The next closest Lincoln memorabilia was his 1864 reelection victory speech, which went for $3.4 million in 2009.

From The Associated Press:
Trove of JFK photos sold at auction in NYC

STILL-ANOTHER UPDATE: Twelve hundred photos taken by the first official White House photographer sold for $151,000 at a Bonhams auction, about $50,000 less than expected. A picture of Marilyn Monroe with both Bobby and Jack Kennedy sold for more than $9,000. It had been estimated to go for between $4,000 and $6,000.

From the Toronto Sun:
Dylan lyrics sell for $422,500

Ah, scribblings can bring in a lot of cash as long as they are Bob Dylan scribbling the lyrics to his classic “The Times They Are A-Changin.” Hedge-fund manager Adam Sender can now sing-a-long to the tune of $422,500 after placing the winning phone bid. It should be noted that Sender wasn’t born when Dylan wrote the song.

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