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Weekly News Roundup: October 4 to October 8

by WorthPoint Staff (10/06/10).

At the top of art, antiques and collectibles news this week, we find a highly successful Hong Kong auction, that infamous White House dinner crasher and a legendary singer-songwriter.

From Bloomberg:
Emperor’s Seal, Pink Diamond Lead $210 Million Hong Kong Sale

It’s a mega-sale, all right. Seven days in Hong Kong with items ranging from 2005 Romanee-Conti to Asian art to an 18th-century emperor’s jade seal. If the Chinese bidders come forth and raise their paddles, it is thought that as much as $210 million will be brought in.

From The Wall Street Journal:
Sotheby’s Big Wine Haul

The wine at that Hong Kong auction? Every single bottle sold. And that was the same result as nine other sales in the last 18 months. Sotheby’s was thinking of maybe a bottom line of $9.5 million. Instead, the final total was $13.8 million. Salud.

From the Economic Times:
$4 million Chagall painting sets new Asian record

In more Sotheby’s Hong Kong news, a 1969 oil by Marc Chagall went for more than any other contemporary Western piece at an Asian auction. This is another sign of the increased interest in Western art by Far East buyers.

From The Washington Post:
Michaele Salahi sari sells at auction for $7,000 — to a non-fan

UPDATE: The dress that Michaele Salahi wore when she showed up without an invitation at a White House dinner was bought by the owner of a hair salon frequented by the Housewife of D.C. cast member. James Packard-Gomez didn’t cough up the seven thousand because he likes Salahi. On the contrary, he says that she stiffed him on an old bill.

From The Wall Street Journal:
Folk Legend Takes to the Auction Stage

Instead of sending in the clowns, famed singer-songwriter Judy Collins is sending in eight of her guitars to be sold at the Christies’ Fine Musical Instruments auction. One is a 1939 C. F. Martin six-stringer that went around the world with Collins. The auction starts October 8.

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