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Home > News, Articles & Multimedia > Worth Points > Weekly News Roundup: November 15 to November 19

Weekly News Roundup: November 15 to November 19

by WorthPoint Staff (11/16/10).

In art, antiques and collectibles news, we find Bernie’s undies, Sir Ed’s watches and a spectacular diamond.

From Bloomberg Businessweek:
Madoff’s Bed, Underwear Snapped Up in $2 Million New York Sale

It’s nice that an auction of Ponzi King Bernie Madoff’s personal items brought in $2 million for his victims, but his underwear? Someone bought his underwear? We can understand a 10.5-carat diamond ring going for $550,000, more than $200,000 above its presale estimate. But $1,700 for 11 pairs of boxer shorts, designer or not?

From NZPA via The Sydney Morning Herald:
Hillary’s watches removed from auction

To honor its favorite son after he climbed Mt. Everest, New Zealand gave Sir Edmund Hillary a Rolex Oyster Perpetual. Sir Ed wore it when he crossed the Antarctica from 1955 to 1958. The watch was included in a collection that his widow planned to auction in Geneva. However, the explorer’s children from a previous marriage protested the sale, and New Zealand wasn’t too happy, either. It maintained that the Rolex fell under the Protected Objects Act and should not have left New Zealand. The auction house withdrew the collection. It is unclear whether Lady June Hillary will be hit with a penalty of more than $100,000 for the withdrawal.

From Times LIVE:
Pink diamond to smash record

Sixty years ago, jeweler Harry Winston sold a rectangular pink diamond with exceptional color and purity. It is set in a platinum ring surrounded by white diamonds and is the size of a large marble. Sotheby’s is auctioning it this week with a presale estimate of between $27 and $38 million. David Bennett, chairman of Sotheby’s European jewelry department, said he’s only seen two or three stones that “even come close . . . It’s like pink champagne.”

From The Telegraph (UK):
Apple I computer could sell for £150,000

Think of all those computers you’ve chucked over the years to buy an upgrade. Hope one wasn’t an Apple I. Only 200 of this model were built by Steve Wozniak, an Apple co-founder. Number 82 along with its original manuals is set to be auctioned with a likely take of somewhere between $160,000 and $238,000.

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