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Home > News, Articles & Multimedia > Worth Points > Weekly News Roundup: November 8 to November 12

Weekly News Roundup: November 8 to November 12

by WorthPoint Staff (11/10/10).

In art, antiques and collectibles news, Sotheby’s loses money, but less than predicted, some nuns score a home run with a Honus Wagner card and an eccentric lady’s stamps go up for auction.

From Businessweek:
Sotheby’s reports smaller 3Q loss

Okay, not the best of news, still there are some bright spots. Sotheby’s lost more than $19 million, but the stock price dropped less than expected. And, worldwide sales were strong.

From CNN:
Nuns get $220,000 from sale of rare baseball card

UPDATE: Last week, we reported about a Honus Wagner baseball card that had been given to the School Sisters of Notre Dame. The card wasn’t in mint condition, far from it. Still a Honus Wagner is a Honus Wagner, as was proved at the Heritage Auctions sale. An owner of several sports-cards and collectibles stores placed the winning bid of almost $263,000, more than $160,000 above estimates.

From BBC News:
Lady Mairi’s stamps ‘to raise £2.6m at London auction’

Lady Mairi was something of an eccentric. How else can you describe someone who met guests at the door with a cockatoo perched on her shoulder? She was a great friend of politicians and a great stamp collector. Her stellar collection will be auctioned near the end of month in London. It is expected it will sell for more than $4 million.

From ARTINFO:
Warhol Wins at Phillips’s Stellar $137 Million Debut, Sight Lines Be Damned

It was a swell housewarming present for Phillips de Pury & Company. It moved into a new space on Park Avenue in New York, and its first auction netted more than $135 million with Andy Warhol’s “Men in Her Life” silkscreen of Elizabeth Taylor, Michael Todd, Eddie Fisher and Debbie Reynolds being the big winner.

From The Associated Press via Auction News Central:
Colorado Goodwill store auctions purported Dali print

With many things Salvador Dali, there is often the question of authenticity. Such is the case with a lithograph with his signature that showed up at a Grand Junction, Colo., thrift store. Fake or not fake? If not fake, the litho might sell for between $2,000 and $3,000. Fake, not so much. The Goodwill Store decided not to spend money on an authenticator. Instead, it will take what it can get, probably a few hundred dollars.

From Bloomberg:
Marilyn Monroe, Kennedy Brothers Recalled In White House Archive Auction

Pictures taken by the first official White House photographer are hitting the auction block. Among the images is one that had been kept in an envelope marked “sensitive material.” And what makes it sensitive? It is a shot of Marilyn Monroe in the dress so tight it left little to imagination, the dress she wore when she sang “Happy Birthday” to President John Kennedy in Madison Square Garden. Also in the picture are JFK and his brother, Robert. Rumors have long swirled that Monroe was romantically involved with both men.

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