Weekly News Roundup: November 16 to November 20

In art, antiques and collectibles headlines, Gucci and Christie’s go after counterfeiters and the most recent Yves Saint Laurent auction is a big success.

From The New York Times:
Christie’s to Value Vintage Gucci

Gucci, the up-upscale leather and fashion company, has long suffered from counterfeiters. In time for its 90th anniversary in a couple of years, it has come up with a creative way to fight fakes. It has teamed with Christie’s, which will do online appraisals of vintage Gucci.

From Bloomberg:
Saint Laurent Auction Fetches $13.4 Million, Double Estimate

The auction of designer Yves Saint Laurent’s personal items was a wow, going two times above estimates. The millions raised with go to the Saint Laurent’s and partner Pierre Berge’s charity that for HIV and AIDS research.

From The New York Times:
Art Prices (and Mood) Inch Back Up

Collectors are returning to high-end art auctions, and hoorah, they are buying. That’s on the plus side. On the minus, selling prices are still considerably lower than last year.

From The Associated Press:
Red Cross sells pieces of history to cut deficit

The Red Cross is running an enormous operating deficit, more than $200 million. To refill its coffers, the disaster-relief charity is cleaning out its warehouses and sending items, some that predate Clara Barton’s starting the Red Cross, to the auction block. “White Cross Nurse,” a painting by illustrator Haddon Hubbard Sundblom will go. Rose Percy, a 23-inch doll complete with Tiffany jewels (first sold in 1864 for $1,200) is being offered along with a rare Cartier clock lamp, World War I nurses uniforms and a document issued by Swede Raoul Wallenberg that gave a Jewish chemist safe passage out of Hungary.

From Auction Central News:
Black Cat movie poster leaps to $334,600 at auction

You might want to kick yourself for not keeping that “Star Wars” or “Animal House” posters you chucked when moving. Movie posters become vintage movie posters and can bring big bucks, as evidenced by recent auction results.

From The Associated Press:
Bernard Madoff’s jacket, watch auctioned in NYC

Update on the auction of Bernie Madoff’s personal stuff. We do not want to keep you in suspense. The satin Mets baseball jacket with Bernie’s name in large letters on the back: $14,500. His Hofstra College ring: $6,000. All in all, $1 million came in, which will go to victims of his Ponzi scheme. A tiny drop in the bucket, still a moral victory.

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