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Weekly News Roundup: March 7 to March 11

by WorthPoint Staff (03/08/11).

In art, antiques and collectibles headlines, we find Eric Clapton guitars being sold for a good cause, a different kind of rock star and a cool movie mobile.

From Reuters:
Eric Clapton’s guitars to be auctioned in New York

Among the 70 Eric Clapton guitars up for auction is a re-creation of one that sold in 2004 for $959,000. The faux guitar—which even has cigarette burns—may go for $30,000. Proceeds from the auction will benefit Clapton’s drug rehab facility in Antigua. In 2004, Rolling Stone ranked him number four on its list of the greatest guitarists behind Jimi Hendrix, Duane Allman and B. B. King.

From The Associated Press via Forbes:
NZ man auctions boulder that smashed home in quake

After the devastating earthquake in New Zealand recently, Phil Johnson found a 30-ton boulder in his hallway. What to do? What to do? What to do? Put the big rock up for auction, naturally. A ski-field promotion company was top bidder offering $36,900. The runner-up bidder threw in another $7,440 with the stipulation that the promotion company give him or her or them a vacation. The money goes to the Red Cross Earthquake Appeal. No mention of whether Johnson gets the unwanted visitor out of his house for free.

From UPI:
‘Batman Forever’ Batmobile up for auction

The 1996 “Batman Forever” is described by the online site Rotten Tomatoes as “loud, excessively busy, and often boring.” Despite this, the movie’s Batmobile in which Val Kilmer and Chris O’Donnell sat had a presale estimate of $275,000. This would be a bargain considering the car cost $300,000 to build.

From Reuters:
Record-breaking Picasso goes on show in Britain
http://www.reuters.com/article/2011/03/07/us-picasso-tate-idUSTRE72600M20110307

You may not have been the winning bidder at the Christie’s auction last year—that would have put you back more than $106 million—for Picasso’s “Nude, Green Leaves and Bust,” but nonetheless, you can now enjoy it. The Tate Modern in London has hung the 1932 painting in its Picasso room. The painting had graced the wall of collectors Sidney and Frances Brody for almost 60 years.

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