Weekly News Roundup: June 7 to June 11

Art, antiques and collectibles news ranges from Lee Harvey Oswald, a Christie’s Hong Kong sale to tribal art from Papua New Guinea.

From The Associated Press:
Oswald’s getaway cab sold to Illinois museum

After John Fitzgerald Kennedy was shot in a Dallas motorcade, Lee Harvey Oswald, the suspected assassin, hopped a bus near the scene. When the bus got caught in a traffic jam, Oswald switched to a 1962 Checker Marathon taxi. That taxi was sold at auction to Historic Auto Attractions. The Rockville, Ill., museum paid $35,750.

From artdaily.org:
Christie’s Hong Kong Spring Auctions: 2nd Highest Total Ever with Sales Topping US$293.6 Million

Ding dong, the recession’s dead. The recession’s dead. At least it is if you go by the six-day tally  in Hong Kong. Christie’s spring sale totaled more than $293 million. That’s a jaw dropping 114 percent more than last year’s auction. New York stock markets, take note.

From Bloomberg:
Billionaires Lured by $86 Million Russian Sale’s Nudes, Icons

With oil prices rising and the Russian economy rosier, four London auction houses are looking forward to faring as well as Christie’s in Hong Kong. Christie’s International, Bonhams, Sotheby’s and MacDougall’s hope that Faberge jewelry, Orthodox icons and a trove of other items will lure Russian billionaires to open their wallets and pocketbooks this week. Fingers are crossed that sales will bring in $86 million.

From the San Francisco Chronicle:
Some S.F. tribal art being sold

It’s a complicated mess with international repercussions. Philanthropists John and Marcia Friede owe Sotheby’s a mess of money. To pay, they want some of the Papua New Guinea tribal artwork they contributed to a San Francisco museum be sold to settle the debt. So far, so good. Actually, not so good as far as Papua New Guinea is concerned. There was no problem when the 398-piece collection was all together at the M. H. de Young Memorial Museum. Papua New Guinea is not happy about breaking up the collection.

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