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Monet Sells for Record $41M
 Monet Sells for Record $41M 

Monet Sells for Record $41M

Painting fetches tidy sum at Christie's

(Newser) - A Monet painting sold at Christie’s tonight for $41.4 million, a record price for the artist, the New York Times reports. Three bidders competed for the 1873 impressionist painting “The Railroad Bridge at Argenteuil,” which Christie’s estimated would go for $35 million. The high bid...

Give Peace a Bid: Lennon Lyrics Go to Auction

Hand-written memento expected to fetch at least $400K at Christie's sale

(Newser) - John Lennon’s handwritten lyrics to 1960s mantra "Give Peace a Chance" are going up for auction, reports Reuters. A Canadian woman, then 16, acquired them after sneaking into the famous Montreal "Bed-In" staged by Lennon and Yoko Ono in 1969—with Lennon predicting, “One day they...

March Foreclosures Up 57% Over Last Year; Worst Coming

February gains evaporate

(Newser) - Bank repossessions skyrocketed 129% over the 12-month period ending in March, and foreclosure filings rose 57% over the previous year, RealtyTrac announced today. March foreclosure notices rose 5%, after a 4% decline in February. All this “is ongoing fallout from people overextending themselves and using highly toxic loan products,...

Carla Nude Pic Fetches $91K at Christie's

1993 portrait of Sarko's wife goes for 20 times expected price

(Newser) - Sarkozy isn't the only one who gets to see his wife in the buff: a collector paid $91,000 for a photograph of a naked Carla Bruni at Christie's today. The auction house expected Michel Comte's 1993 portrait of the French first lady to sell for no more than $4,...

Papa’s Got a Brand New … Jumpsuit?

James Brown's estate selling everything in August auction

(Newser) - Estate sales are always a mixed bag, but the James Brown auction at Christie’s in August will be something special, TMZ.com reports. Sure, fans will be able to snag coveted items like a Grammy or keyboard, but the Godfather’s socks, underwear and canceled checks? Say it loud:...

Lincoln Letter Sells for $3.4M

Letter contains Lincoln's reply to kids' plea to free slave children

(Newser) - An 1864 letter from Abraham Lincoln to Massachusetts schoolchildren fetched a record $3.4 million at auction yesterday, a record for an American manuscript, CNN reports. In the letter, Lincoln responded to a petition from 195 youngsters asking him to "free all the little slave children of this country"...

McNamee Selling Clemens Mementos on eBay

'Break-up' memorabilia profits go to juvenile diabetes group

(Newser) - If Roger Clemens wants to get any of his stuff back from ex-trainer Brian McNamee, all he has to do is log on to eBay. McNamee, who split with Clemens in the great steroids war, is putting up everything from autographed baseballs to hats to photographs of "all the...

Can New CEO Keep eBay on Top?

Company faces slowing growth, competition

(Newser) - As John Donahoe takes over from Meg Whitman as CEO of eBay today, he inherits a grande dame where Whitman oversaw the rise of an e-commerce belle. Still dominant in online auctions, the company has nonetheless faced slowing growth and stiffening competition. But analysts think Donahoe, the former eBay Marketplace...

Nude Photo of Sarkozy's Wife Up for Auction

Ex-supermodel's B&W image expected to fetch at least $3K

(Newser) - A black-and-white photograph of Carla Bruni will go up for sale at an auction next month, Reuters reports. Christie’s expects the portrait of Nicolas Sarkozy's bride to attract a final bid of $3,000 to $4,000, and the auction house's announcement of the sale on the...

Pop Culture Gems to Hit Vegas Auction Block

Gun that killed JFK assassin, Superman suit among items slated for Vegas auction

(Newser) - Indiana Jones' whip. The gun that killed JFK's assassin. Madonna's Like a Virgin wedding dress. All are up for grabs at a massive memorabilia auction scheduled for March 15-16 in Las Vegas, Reuters reports. Billed as the best pop-culture collection ever assembled, the 850-lot treasure trove could fetch more than...

Jackson's Neverland Foreclosed
Jackson's Neverland Foreclosed

Jackson's Neverland Foreclosed

2,800-acre ranch is set for sale in March

(Newser) - Creditors have foreclosed on Michael Jackson’s Neverland Ranch, which will be auctioned March 19 if the King of Pop doesn't pony up $24.5 million by that date, Fox News reports. If the sale goes through, Jackson would lose everything in the California house, including furniture and relics of...

1-Week eBay Boycott Ends Tomorrow
1-Week eBay Boycott Ends Tomorrow

1-Week eBay Boycott Ends Tomorrow

Site claims 'no impact' on listings, but one source sees 13% drop

(Newser) - More eBay goodies may go on sale tomorrow as angry sellers end a 1-week boycott, USA Today reports. The ban "has had no impact on our listings," one eBay exec said, but third-party tracking sites saw a 13% drop. The sellers' snub was sparked when eBay recently upped...

Now on eBay: 6 Million Songs for Just $50M

World's greatest music collection is looking for a home, again

(Newser) - Record collector supreme Paul Mawhinney has put his collection of over 6 million songs on eBay, but with its value estimated at $50 million and a $3 million starting bid, bidders could be rarer than some of the jewels in the collection, the Idolator writes. "It's the history of...

EBay Sellers Plan Boycott Week
EBay Sellers Plan Boycott Week

EBay Sellers Plan Boycott Week

Movement to protest fee hikes and policy changes gains steam

(Newser) - Torqued eBay sellers are giving the online auction site some pretty clear feedback about planned changes. Using eBay's own chatrooms, sellers are trying to organize a one-week boycott to protest jacked-up fees and changed feedback rules. But the would-be boycott is nothing new, reports CNNMoney, as each January eBay introduces...

Do New eBay Rules Sell Out Sellers?
Do New eBay Rules Sell
Out Sellers?

Do New eBay Rules Sell Out Sellers?

Changes are meant to reward big auctioneers, but may hurt others

(Newser) - Newly announced changes to eBay sellers’ fees do not always benefit auctioneers—and the backlash among them has already begun. “This is clearly not a straight fee decrease,” says the editor of AuctionBytes. Indeed, in some cases, sellers wind up paying as much s 33% more.

Investors Uncork Wild Wine Prices
Investors Uncork Wild Wine Prices

Investors Uncork Wild Wine Prices

Internet, foreign funds make even second-tier wines pricier

(Newser) - Investors are uncorking a new area of speculation these days: fine wine. Thanks to the Internet, which has turned an elite hobby into a worldwide auction, prices are overflowing. Buyers can even throw money at vino investment funds and an electronic trading exchange based in London, which is up 39%...

Lock, Stock, and Orange Bowl
Lock, Stock, and Orange Bowl

Lock, Stock, and Orange Bowl

Every piece of storied stadium will go on sale ahead of demolition

(Newser) - College football fans can literally take home a piece of the action when Miami officials auction off every salable piece of the soon-to-be-demolished Orange Bowl in February. On the block are the giant scoreboard, players' benches, trees, and even the urinals. "You name it, it will be available,''...

Art Market Sails Over Turmoil
Art Market Sails Over Turmoil

Art Market Sails Over Turmoil

Weak dollar, overseas buyers help keep prices high

(Newser) - US financial markets were in chaos this year, but the art market certainly wasn't. The expanding ranks of the super-rich, the weak dollar, and emerging connoisseurs from Russia, China, India, and the Middle East kept auction houses in fine form, the AP reports, with postwar and contemporary works—including a...

Markets Dip on Bond News
Markets Dip on Bond News
MARKETS

Markets Dip on Bond News

Fed auction is deemed positive though

(Newser) - The market ended slightly lower after another rollercoaster day, as S&P’s downgrade of major bond insurers took a toll on stocks otherwise buoyed by reports of a positive auction by the Fed. The Dow was off 25.20 to 13,207.27 on news Ambac Financial and MBIA...

JK Rowling Book Sells for $4M
JK Rowling Book Sells for $4M

JK Rowling Book Sells for $4M

Only 7 copies of the Tales of Beedle the Bard exist

(Newser) - Sotheby’s figured The Tales of Beedle the Bard would fetch about $100,000 at auction—in retrospect, about 40 times too low. The book, a one-of-a-kind piece of the Harry Potter canon hand-written and illustrated by JK Rowling herself, fetched $3.98 million for charity today, Reuters reports. “...

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