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Weekly News Roundup: January 3 to January 7

by WorthPoint Staff (01/05/11).

In art, antiques and collectibles news, we find a disappointing Sinatra collectible, a not disappointing Peugeot and John Lennon memorabilia.

From The Orange County Register:
$5 Sinatra shirt fails to excite bidders

With William Shatner’s kidney stone going for $25,000 and Marilyn Monroe’s X-ray for $45,000, one might expect a Frank Sinatra tuxedo shirt would be a hot item. Not so. It wasn’t even lukewarm. The owner of the auction house ended up shelling out $1,200 for it. He’s hoping that there will be more interest at Sotheby’s or Christie’s for it.

From AFP:
Ahmadinejad’s old Peugeot sees million dollar bid

A 1977 Peugeot 504 would usually sell for about $2,000. The Iranian president’s Peugeot went for several zeros more. Mahmoud Ahmadinejad set up a website to take bids. An unidentified buyer offered to cough up $1 million. The proceeds are said to be going to build 60,000 homes for disabled, poor women taking care of their families.

From CBC News:
Lennon’s Abbey Road suit gets $46K US at auction

John Lennon wore it on the cover of the “Abbey Road” album. That provenance was enough for an unidentified bidder to put up $46,000 for the white Ted Lapidus suit. Another piece of Lennon-bilia, a brown velvet blazer worn in the “Imagine” video, fetched $18,000. This was a fire sale for the previous owner who paid $120,000 for the two items in 2005, but now faced financial difficulties.

From The Associated Press:
Dennis Hopper art collection up for auction in NYC

Vincent Price gave a fellow actor a bit of advice in the 1960s—put your money into collecting art. And Dennis Hopper took it to heart, amassing an impressive collection. He bought works by Andy Warhol, Roy Lichtenstein, Wallace Berman and many others. Hopper added his own touch—two bullet holes—to a Warhol portrait of Mao after being startled by it one night. Christie’s auctioned 30 pieces from Hopper’s collection in November with a Jean-Michel Basquiat bringing in almost $6 million.

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