Weekly News Roundup: Sept. 14-18, 2009

Headlining art, antiques and collectibles news are some stolen Warhol portraits, a stolen note from Jackie Kennedy and photographer Annie Leibovitz getting more time to straighten out her financial mess.

From The Los Angeles Times:
Fortune in Warhol Pop Art stolen

Ten portraits of athletes worth multimillions of dollars—including O. J. Simpson, skater Dorothy Hamill, soccer hero Pelé, Muhammad Ali and Chris Evert—by Andy Warhol were stolen from a Los Angeles home, and a $1-million reward for information leading to their return has been offered. Also gone was another Warhol painting of the owner, art collector Richard L. Weisman. There was no sign of forced entry. Stay tuned.

From The Associated Press:
Report: FBI probing ‘stolen’ Jackie Kennedy note

After Robert Kennedy’s funeral, Jackie Kennedy sent a handwritten condolence note to her sister-in-law, Ethel. In a long and complicated road, the note went missing from the Kennedy Virginia home and wound up at Heritage Auctions in Dallas in 2006. The FBI has investigated the note, which is estimated at between $25,000 and $30,000, as “a stolen good.”

From BBC:
Loan deal saves Leibovitz images

The soap opera of Annie Leibovitz’s tangled finances took an upturn for the famed photographer. She has been given an undisclosed time to repay a $24-million loan that was overdue. Leibovitz, known for the Vanity Fair cover shot of a nude and pregnant Demi Moore, along with many other arresting photos, was in danger of losing the copyright to all her work. Leibovitz has racked up heavy-duty mortgages on property in Greenwich Village and upstate New York.

From Bloomberg:
Williams Sisters Picture Goes Unsold at Open Auction

A LeRoy Neiman painting of Venus and Serena Williams was expected to sell at a tennis memorabilia auction for $60,000, but there was nary a bid. The auction came a day after Serena took exception with a foot-fault call, berated the line judge with an obscene-laced screech about how Williams would like to shove the tennis ball down the woman’s throat. It’s the opinion of dealers than the nasty outburst had nothing to do with no paddles being raised for the picture.

From The Boston Herald:
Polaroid to auction art

Polaroid kept a collection of incredible photos shot by the likes of Ansel Adams and Andy Warhol. Now Polaroid wants to auction the collection, and a lot of photo historians are not happy.

From The New York Times:
Hitler Paintings Sold

Before Adolf Hitler became, well, that Adolf Hitler, he had aspirations of becoming an artist. That didn’t pan out. So he went into politics. Almost a century after his starving-artist days, some of his watercolors (described by the auctioneer as “of rather modest quality”) went for $60,000. Maybe had Hitler’s paintings sold so well in 1910, there would have been no World War II.

From Reuters:
Michael Jackson glove fetches $49,000 in Australia

In 1996, the King of Pop wore one of his signature jeweled gloves in an Australian concert. Up for auction now, a bidding war ensued, and it went for big bucks. We have to wonder how many more jeweled gloves are out there.

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