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Weekly News Roundup: June 6 to June 10

by WorthPoint Staff (06/07/11).

In art, antiques and collectibles news, J. R. Ewing takes center stage, Marilyn Monroe’s dress becomes a cause, and Norman Rockwell causes a stir.

From The New York Times:
Selling J. R., Lock, Stock and Swagger
From UPI:
‘Dallas’ star Hagman auction tops $500,000

First he was the somewhat bumbling Major Nelson on “I Dream of Jeannie.” He went on to be the devious J. R. Ewing on “Dallas.” Now Larry Hagman is auctioning memorabilia from his career and that of his mother, Broadway legend Mary Martin. One hot item? The portrait of Jock Ewing, portrayed by Jim Davis. Julien’s Auctions gave an estimate of between $2,000 and $3,000. As it turned out, the top seller was a saddle that Hagman used to ride along Wilshire Boulevard on his way to the auction preview. It brought in $80,000. We have no idea what the saddle would have been worth had J. R.’s derriere not perched on it.

From the International Business Times:
New York attempts to bring home Monroe’s legendary White Dress

Okay, without wanting to seem curmudgeony, but a Save the Dress campaign? Yep. With all there is in the world that needs saving—the Northwest tree octopus, Narragansett Bay, Charlie Sheen’s career—the billowy white dress that Marilyn Monroe wore in “The Seven Year Itch” needs a crusade? inQuicity, a New York company, thinks so. It is trying to raise money to purchase the dress, which is being offered in Debbie Reynolds’ memorabilia auction. The entertainment-technology firm would then turn it over to a Big Apple museum.

From The Associated Press via Auction Central News:
‘Roadshow’ uncovers early Rockwell painting in Orgon

Some people watch NASCAR for the crashes. Some go to the ballet to see if the ballerina gets dropped. And then there are the viewers of “The Antiques Roadshow.” They are waiting for that vicarious rush of a treasure being found in the old outhouse. While it may not have been in an outhouse, someone brought in a 1919 painting by Norman Rockwell estimated to be worth $500,000. That was certainly well worth waiting with 6,000 other ticket holders to get the appraisal.

From The Philadelphia Inquirer:
Buyer – even celeb – beware of art fakery

Steve Martin played a con man in “Dirty Rotten Scoundrel,” but recently he was the one who got conned in the real world. Martin, who has a sizable art collection, bought what he thought was a painting by German expressionist Heinrich Campendonk. Alas, it was a fake, part of a German scam in which experts were fooled. Robert K. Wittman, founder of the FBI Art Crime Team, cautions, “With art, it’s like the Wild West out there, totally unregulated, buyer beware. You’ve got to protect yourself.” He gives tips that even savvy buyers should read.

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