YOU ARE HERE: LAT HomeCollectionsAuctions


December 1, 2004 | From Associated Press
A manuscript of Truman Capote's unpublished first novel, which the author abandoned and claimed to have destroyed, has been found in a box of papers and will be auctioned this week at Sotheby's. The first draft of "Summer Crossing," the story of a 17-year-old girl who has been left in New York while her parents spend the summer in Europe, was in a box of Capote manuscripts and photos consigned by a relative of Capote's former house-sitter.
January 9, 2004 | Reuters
The family of the late publisher Malcolm Forbes said Thursday it would sell the world's largest private collection of fabled Faberge imperial Easter eggs and other Faberge creations for an estimated $90 million. The eggs, considered a standard for rare treasures, were first commissioned by Russian Czar Alexander III from the House of Faberge master crafters in 1885 as Easter gifts for his wife, Czarina Maria Feodorovna. The tradition continued for 30 years in the Romanov imperial family.
September 28, 2004 | Associated Press
A newly discovered handwritten letter and short story by Ernest Hemingway will be auctioned in December, but custodians of his estate have not granted permission for the works to be published. The two-page letter and five-page story, based on an incident at a bullfighting ring and written in 1924, were discovered last year by the son of Donald Ogden Stewart, a well-known writer and a close friend of Hemingway's.
May 14, 2004 | Suzanne Muchnic
Contemporary art dealers and collectors snapped up every last item in a $65.5-million auction Wednesday night at Sotheby's New York. The sale didn't have as much high-end material as Christie's $102.1-million auction the previous night, but it exceeded Sotheby's most optimistic expectations and set records for 17 artists. "Not everything is a masterpiece," auctioneer Tobias Meyer said after the sale.
April 1, 2008 | From the Associated Press
A rare painting by Pablo Picasso is to be sold April 10 after it was discovered in a bedroom alongside two other important works. Duke's auction house in London said Monday that the watercolor "Etreinte," depicting the artist in an embrace with lover Louise Lenoir, was found propped up against a wall with two equine paintings by British artists George Stubbs and Alfred Munnings. The identity of the seller was not disclosed. The Picasso was thought to have been painted in 1901 or 1902, when the Spanish master was a struggling artist in his early 20s.
January 8, 2005 | From Reuters
Morningstar Inc., the mutual fund and stock information service, said Friday that it would use an auction format for its proposed initial public offering of stock, a method that Web search engine Google Inc. used for its IPO. The Chicago-based company also said it would not use its original underwriters, led by Morgan Stanley, which rejected the auction approach for the $100-million IPO.
November 8, 2006 | From the Associated Press
A judge in New York City ruled Tuesday that a Picasso painting can be sold at auction, despite a claim that its former owner was forced by the Nazis to sell it in the 1930s because his family descended from Jews. U.S. District Judge Jed S. Rakoff issued the order four days after Julius H. Schoeps, an heir to Berlin banker Paul von Mendelssohn-Bartholdy, filed a lawsuit in Manhattan to stop the sale. The judge had temporarily blocked the auction of "Portrait de Angel Fernandez de Soto."
December 2, 2007 | From Times Wire Reports
One of the biggest truffles found in half a century -- a 3.3-pound specimen unearthed in Italy late last month -- sold for $330,000 at an auction held simultaneously in Macao, London and Florence. The giant fungus, described as "looking like a man's brain," was presented on a silver platter by an Italian chef flanked by Chinese models at a Macao hotel.
March 10, 2008 | From Times Wire Reports
Fur coats, designer gowns, plus dozens and dozens of pairs of Ferragamo shoes belonging to the late socialite and hotel owner Leona Helmsley are headed to the auction block. Nearly her entire wardrobe is to be auctioned off May 18 at Leslie Hindman Auctioneers, a Chicago-based auction house. The collection includes the Chanel skirt suit that Helmsley wore when she began serving a sentence for tax evasion. Helmsley, who died in August at age 87, ordered that her property be sold and the proceeds donated to the Leona M. and Harry B. Helmsley Charitable Trust.
Los Angeles Times Articles