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ENTERTAINMENT
December 5, 2009
Poe book sale tops itself A rare copy of Edgar Allan Poe's first book sold Friday for $662,500, smashing the previous record price for American literature. The previous record is believed to be $250,000 for a copy of the same book sold nearly two decades ago. The copy of "Tamerlane and Other Poems" had been estimated to sell for between $500,000 and $700,000 at Christie's auction house in New York City. The 40-page collection of poems was published in 1827. Poe wrote the book shortly after moving to Boston to launch his literary career.
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ENTERTAINMENT
February 14, 2014 | By David Ng
A painting by Francis Bacon sold at a Christie's auction in London on Thursday for £42.4 million (about $70 million), exceeding the estimated selling price and representing a record price at auction for a single panel by the artist. A Bacon triptych sold for $142.4 million in November. "A Portrait of George Dyer Talking," which depicts the artist's former lover who committed suicide in 1971, had been expected to sell for $49 million. The painting, which was completed in 1966, was sold as part of an auction of postwar and contemporary art at Christie's in London.
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AUTOS
February 13, 2014 | By Jerry Hirsch
Shares of Tesla Motors crossed the $200 barrier Thursday before falling back, but still closed at a record level for the upstart automaker. The electric car company's closing price of $199.63, a gain of $4.31, or 2.2%, from the previous day, gives it a market value of $24.5 billion. Put another way, it is worth about $1.1 million for each of the 22,450 Model S cars it sold last year. The cars sell for $70,000 to $100,000, depending on options. The market value of General Motors Co. is about $56 billion, or about $5,200 for each of the 10.7 million cars it sold globally last year.  “Tesla is not something that should be compared to a conventional car company,” said Craig Irwin, an analyst with Wedbush Securities.
AUTOS
February 13, 2014 | By Jerry Hirsch
Shares of Tesla Motors crossed the $200 barrier Thursday before falling back, but still closed at a record level for the upstart automaker. The electric car company's closing price of $199.63, a gain of $4.31, or 2.2%, from the previous day, gives it a market value of $24.5 billion. Put another way, it is worth about $1.1 million for each of the 22,450 Model S cars it sold last year. The cars sell for $70,000 to $100,000, depending on options. The market value of General Motors Co. is about $56 billion, or about $5,200 for each of the 10.7 million cars it sold globally last year.  “Tesla is not something that should be compared to a conventional car company,” said Craig Irwin, an analyst with Wedbush Securities.
BUSINESS
October 8, 2012 | By Roger Vincent
The El Royale apartment tower in Hancock Park, a magnet for celebrity tenants since the Jazz Age, has sold for nearly $30 million in what may be the largest price-per-unit sale in Los Angeles history. The 12-story building at 450 N. Rossmore Ave. was built in 1929 for the Hollywood crowd and early residents included Clark Gable, William Faulkner and Loretta Young. It was designed in a mix of Spanish and French Renaissance styles by the same architect who created the famous Chateau Marmont hotel in West Hollywood.
ENTERTAINMENT
February 14, 2008 | From Reuters
A Russian businessman paid a record price Wednesday for an 18th century violin that had not been played in public for more than 70 years. Maxim Viktorov, who bought the instrument by master violin maker Giuseppe Guarneri, paid "well in excess" of the previous world auction record for a musical instrument of $3.54 million, auction house Sotheby's said. It said Viktorov bought the violin privately, and did not disclose the price. Viktorov promised that the instrument, dating from 1741 and at one stage owned for 15 years by Belgian composer Henri Vieuxtemps, would now be played regularly in public.
ENTERTAINMENT
December 11, 2002 | From Associated Press
A leaded-glass lamp designed by Frank Lloyd Wright has been sold for just under $2 million, a record for a Wright piece at auction, Christie's auction house said. The lamp, created around 1903 for the Susan Lawrence Dana House in Springfield, Ill., was acquired Tuesday by a telephone bidder who wished to remain anonymous. The double-pedestal lamp, designed in shades of green, yellow and amber, was one of a pair of lamps that stood in the library of the house, which was also designed by Wright.
BUSINESS
April 15, 2006 | Roger Vincent
The Ritz-Carlton Laguna Niguel is on the market and may fetch a record price for an Orange County hotel, industry observers said. Its owner, Chicago-based investor Strategic Hotel Capital, is selling off its assets, including the Dana Point property and the Park Hyatt in San Francisco, said hotel consultant Alan Reay of Atlas Hospitality. The sellers hope to get close to $400 million for the 393-room hotel, according to Commercial Real Estate Direct, a real estate news service. -- Roger Vincent
BUSINESS
January 7, 1987
The top price at dockside auctions was $7.95 a pound for scallops, which have been in short supply because of rough weather and holiday demand, said fisheries specialist Paul Swain. He estimated that the scallops would retail at about $9.50 a pound. The old record, $7.86, was set Friday and the previous high, $7.75, was recorded in October and December, 1983. The 1986 high was $7.60, paid Dec. 17.
ENTERTAINMENT
May 14, 2009 | Associated Press
Artist David Hockney's 1966 painting "Beverly Hills Housewife" sold for a record $7.9 million at a New York City auction after fierce bidding Wednesday, a sign collectors are eager to buy rare and high-quality works despite the recession, the Christie's auction house said. That shattered the artist's previous record of $5.4 million for "The Splash," sold in 2006 at Sotheby's. A Claes Oldenburg sculpture "Typewriter Eraser," from 1976, also set a record, selling for $2.2 million at the auction.
BUSINESS
May 16, 2013 | By Roger Vincent
The government of Kuwait bought a modest but expensive office building in downtown Beverly Hills where the country is expected to move its local consulate. The property at 130 S. El Camino Drive was built in 1951 and formerly housed the offices of entertainer and business mogul Merv Griffin, broker Joshua Meltzer of the real estate firm Studley Inc. said. Near Rodeo Drive and across the street from the Beverly Wilshire hotel, the two-story building is unoccupied. Kuwait's consulate in Los Angeles carries out a variety of missions, including issuing travel and work visas, handling consular services and providing other services for Kuwaiti residents, and it seeks to maintain cooperation between the two nations.
SPORTS
April 6, 2013 | By Dan Loumena
A 1909 Honus Wagner baseball trading card was sold Saturday for a record $2.1 million in a public online sale, according to Goldin Auctions, which did not identify who purchased the rarest of collectibles. The New Jersey-based company closed bidding on the T206 card of the Pittsburgh Pirates shortstop early Saturday. The sales price eclipsed the $1.62 million the same card fetched in 2008. The record price for a trading card is $2.8 million in a private sale in 2007. The card is graded as an Excellent 5 by Professional Sports Authenticator and is exceptionally rare because it's part of a jumbo series that is larger than the normal trading card.
BUSINESS
December 31, 2012 | By Ronald D. White
Californians had the worst year imaginable for gasoline prices in 2012, averaging a record $4.028 for a gallon of regular, according to the AAA Fuel Gauge Report. That shattered the old record, set last year, by a whopping 21.3 cents a gallon. The jump was so big that it even surprised people who review fuel prices on a daily basis. "I can remember when the California average for the year in 2008 was $3.525 and we thought we would never see it go that high again," said Marie Montgomery, spokeswoman for the Automobile Club of Southern California.
NEWS
October 29, 2012 | By Ronald D. White
The average price of a gallon of gasoline in California dropped by the biggest amount yet for a one-week period after the recent new record, according to the AAA Fuel Gauge Report. The state's average declined 26.3 cents, to $4.164 a gallon. That's the good news. The bad news is that California prices remain far above 2011 levels. The state's average has dropped 50.7 cents a gallon since reaching a record $4.671 a gallon on Oct. 9. But that's still 32.3 cents a gallon higher than it was on Oct. 29 last year.
BUSINESS
October 21, 2012 | By Roger Vincent
An 85-unit apartment complex atop shops and restaurants will be built near the main entrance to Paramount Studios by California Landmark Group. The project called the LC will be on Melrose Avenue across from the north end of Larchmont Boulevard. California Landmark expects to start work as soon as March and complete the $40-million project by January 2015. The price tag includes the acquisition of a 55,000-square-foot vacant lot split by an alley. The project will be built above the alley, which will remain in use, said Ken Kahan, chief executive of Westwood-based California Landmark.
BUSINESS
October 9, 2012 | By Jerry Hirsch
Record gasoline prices got you down? Honda thinks it has a deal for you. Honda is offering a $3,000 debit card good at Clean Energy natural gas filling stations with the purchase of a 2012 model year Civic Natural Gas vehicle. That is about three years' worth of fuel for most drivers at today's natural gas prices. PHOTOS: The top 10 gas misers There are about 40 Clean Energy filling stations in Southern California and about 160 nationwide. Southern California Gas Co. and San Diego Gas and Electric Co. operate another dozen stations in the region, but the debit card isn't good at those facilities.
BUSINESS
May 19, 1989 | JAMES S. GRANELLI and GREGORY CROUCH, Times Staff Writers
The owner of a failed savings and loan is selling his Newport Beach mansion for "close to the asking price" of $14.5 million, reportedly the highest price ever paid for a residential property in Orange County, the broker on the deal said Thursday. Leroy Carver III is in escrow on a deal to sell the 18,000-square-foot house, still under construction on Harbor Island in Newport Harbor, said real estate agent William F. Cote. The three-story structure, scheduled for completion in eight months, is being built mainly from a $7.9-million loan Carver obtained two years ago from his Carver Savings & Loan in Escondido, according to Orange County recorder's office records.
BUSINESS
October 8, 2012 | By Roger Vincent
The El Royale apartment tower in Hancock Park, a magnet for celebrity tenants since the Jazz Age, has sold for nearly $30 million in what may be the largest price-per-unit sale in Los Angeles history. The 12-story building at 450 N. Rossmore Ave. was built in 1929 for the Hollywood crowd and early residents included Clark Gable, William Faulkner and Loretta Young. It was designed in a mix of Spanish and French Renaissance styles by the same architect who created the famous Chateau Marmont hotel in West Hollywood.
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