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Weekly News Roundup: November 9 to November 13

by WorthPoint Staff (11/11/09).

In art, antiques and collectibles news, Sotheby’s has rebound auction results, Jack Ruby’s hat goes for big bucks and still another Yves Saint Laurent sale.

From Reuters:
Activity, prices bounce back at Sotheby’s auction

First Warren Buffett signals the economy is coming back by buying Burlington Northern. Then a Sotheby’s Impressionism and modern-art auction brought in $180 million, 10 percent above estimate. Could happy days be here again?

From The Dallas Morning News:
Jack Ruby’s hat commands $53,775 at Kennedy assassination item auction

It was an image that is hard to forget. Alleged JFK assassin Lee Harvey Oswald was being spirited out of the Dallas city jail when nightclub operator Jack Ruby shot him—on live TV. The fedora Ruby wore was recently auctioned for more than $50,000.

From The Associated Press via The Denver Post:
Saint Laurent’s everyday objects to be auctioned

Even if you’re an acclaimed designer with an incredible art collection, you have to eat and sit on something. So it was with Yves Saint Laurent. Of course, he ate off 18th-century porcelain and reclined on gilded armchairs that Queen Hortense of Holland had made in 1812, but don’t we all? Saint Laurent’s personal items are set to hit the block next week.

From The Associated Press via the San Francisco Chronicle:
Madoff collectibles being sold to aid victims

Speaking of personal items, wouldn’t you just love to have a satin New York Mets jacket once worn by Bernie Madoff? It even has the king of the Ponzi schemes name on it. Or what about a “vintage Rolex O.P. ‘Monoblocco’ chronograph,” which is sometimes referred to as the “Prisoner Watch”? Or a wallet with the initials “BLM”? These choice items, among others, are being auctioned with the proceeds going to the victims of Madoff’s massive fraud.

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