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NATIONAL
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.
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ENTERTAINMENT
April 21, 2004 | From Associated Press
A sophisticated couple -- he in evening clothes, she in a slim red gown -- dance on a wet and wind-swept beach as a maid and a butler hold out black umbrellas in a futile effort to protect the clinging dancers from the weather. Although no face is fully visible, we know the black-clad manservant must be singing because this painting -- just sold for a Scottish auction record of $1.3 million -- is called "The Singing Butler."
ENTERTAINMENT
November 8, 2007 | From the Associated Press
A Henri Matisse painting was auctioned at Christie's for $33.6 million, a record for the artist. The 1937 oil-on-canvas work "L'Odalisque, Harmonie Bleue," which features one of the artist's favorite models lounging behind a table with a bouquet, was purchased Tuesday night by an unidentified buyer, the auction house announced. The previous auction record for a Matisse painting was $22 million for "Danseuse dans le fauteuil, sol en damier," a 1942 work, at Sotheby's in June.
ENTERTAINMENT
February 4, 2003 | Suzanne Muchnic
In a final move to divest himself of his troubled art auction business, French billionaire Bernard Arnault has sold his remaining 27.5% interest in Phillips, de Pury & Luxembourg to the auction house's chief executive officers, Simon de Pury and Daniella Luxembourg.
BUSINESS
November 3, 1999 | (Bloomberg News)
A California man who collected $36,000 from bidders over EBay Inc.'s Internet auction site then failed to deliver promised goods was sentenced to 14 months in prison, federal authorities said. Robert J. Guest, who pleaded guilty to fraud in July, was also ordered to pay more than $101,000 in restitution, $36,193 of which will go to 31 EBay users, said Thom Mrozek, a spokesman for the U.S. attorney's office in Los Angeles. Monday's sentencing of Guest, 31, of Blue Jay, Calif.
BUSINESS
December 20, 2007 | From Times Wire Services
The Federal Reserve's special auction aimed at thawing frozen credit markets drew an enthusiastic response, results released Wednesday showed, as banks sought more than three times the $20 billion in cash offered. The auction, held Monday, drew 93 bidders that submitted offers to borrow $61.6 billion. An interest rate of 4.65% resulted.
ENTERTAINMENT
April 19, 2003 | From Reuters
A controversial auction of Surrealist artworks collected by poet Andre Breton has smashed pre-sale estimates to bring in $50 million. Auctioneers CalmelsCohen had predicted its 10-day sale of 5,500 objects would fetch $32.6 million. But it said Friday that the sale of paintings alone -- including works by Magritte and Miro -- tallied $28.3 million. Protesters had let off stink bombs and fired insults at collectors they accused of picking over the poet's bones.
NEWS
April 9, 1999 | From Times Wire Reports
The June 2 auction in New York of a 56-pound gold nugget found in Australia is in doubt because the metal may have been taken out of the country illegally. The anonymous owner of the nugget did not apply for an export license to send it to New York, where it is scheduled to be auctioned by Sotheby's, said an Australian government spokeswoman. Sotheby's said the planned reserve price for the nugget was between $250,000 and $300,000.
ENTERTAINMENT
April 24, 2007 | Suzanne Muchnic
Artworks consigned to auction are on public view this week at Sotheby's and Christie's Beverly Hills showrooms. Today through Thursday, Sotheby's will show a rare collection of 14 watercolors by British artist J.M.W. Turner, amassed over 20 years by Belgian collection Guy Ullens. The collection, valued at up to $29.5 million, will go on the block July 4 in New York.
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