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Bette Midler Helps Restore New York

Filed under: Auctions, Charity, Big Givers

Bette MidlerBette Midler is more than a woman -- she's like an army. We're not just talking about the power of her singing voice; she's also a dancer, an actress, a comedienne, and a well-known humanitarian, and a champion of both the arts and the Earth.

Since 1995, she's been working on her New York Restoration Project (NYRP -- she founded it), which has been helping NYC get greener and cleaner. Just recently, Bette herself planted the 250,000th NYRP tree in a Queens neighborhood and unveiled a new garden near Yankee Stadium. Now, she's auctioning off some very unique experiences with celebrities on CharityFolks.com, experiences which would make unbeatable holiday gifts.

Among the current gifts available are:
  • Meet John Stamos Backstage at Bye Bye Birdie & Enjoy 2 VIP House Seats - $1,500.00
  • Private Lesson with Tennis Great John McEnroe & Roundtrip Travel on JetBlue Airways! - $2,750.00
  • Meet Rock & Roll Hall of Famer Steve Winwood, One of the 100 Greatest Singers of All Time According to Rolling Stone, with 2 VIP Tix to a 2010 European Show Date - $1,500.00
Those are current bid prices; buyouts are available at higher numbers. All the proceeds will benefit NYRP, which plans to plant 1 million trees by 2017 (and totally will). Other items include a chance to meet Cher, a walk-on role with Steve Carrell and Paul Rudd, a getaway to Richard Branson's Necker Island, and more. She's convinced nearly 100 of her celebrity friends to contribute, so keep your eye on the NYRP CharityFolks page to see what's up for auction next.

"We've turned 55 vacant lots into beautiful community gardens and planted more than 250,000 trees, and we're just getting started, so I hope you'll join in the merriment by placing a bid today!" says Midler.

$88 Million Art Investment Scam Revealed in NYC

Filed under: Art

Reuters reported a few days ago that a sophisticated $88 million art investment scam was revealed in New York on March 26. Art dealer Lawrence Salander, 59 (at right), was arrested at his New York home on March 26, when he and his gallery were charged with 100 counts, including grand larceny and securities fraud. Salander pleaded not guilty in New York's Supreme Court and his bail was set at $1 million. He faces up to 25 years in prison on the most serious charge.

Former tennis champion John McEnroe was duped along with Bank of America, investment firms, art owners and collectors. So far, authorities have identified 26 victims of Salander's scheme, including McEnroe, who lost $2 million after investing a half share in two paintings, Arshile Gorky's Pirate I and II. The share in the paintings was sold at the same time to another collector, and McEnroe never recouped the money, authorities said.

Manhattan DA Robert Morgenthau said the scheme, which lasted from 1994 - 2007, included luring investors who paid cash in exchange for shares of ownership of works of art. "He sold artwork not owned by him and kept the money and lured investment money in fraudulent investment opportunities," Morgenthau said. Salander used the money to fund "an extravagant lifestyle" of lavish parties and private jets, he said.

The investigation of Salander, the former owner of Salander-O'Reilly Galleries (shuttered in 2007), continues. Other estates he looked after included paintings of the late father of actor Robert De Niro.

Most of the artworks, which are yet to be valued, are being held in the custody of a bankruptcy court in Poughkeepsie, N.Y. Many of the investors have filed civil claims against Salander and his gallery, which filed for bankruptcy and closed in 2007.

Bacon, Basquiat, Prince and Warhol Star in Sotheby's Sale

Filed under: Auctions, Art

Not to be outdone by archrival Christie's, Sotheby's is staging its own major Contemporary Art auction in London on July 1st. With total pre-sale estimates topping $130 million, the event is being billed as "the highest value summer sale of contemporary art ever held by Sotheby's in Europe." The untitled Jean-Michel Basquiat painting belonging to Irish rockers U2 that my colleague Deidre Woollard mentioned earlier this month is a top draw in the auction, with an estimate of $8 - $12 million.

Other highlights include two important works by Francis Bacon: Figure Turning, painted 1962, est. $20 - $30 million, and Study for Head of George Dyer, painted in 1967, est. at over $16 million. Rounding out the other notable big-ticket items are Richard Prince's Overseas Nurse, 2002, est. at $8 - $12 million - more than the current Prince auction record; and Andy Warhol's 1964 Large Campbell's Soup Can (pictured right), est. $5 - $7 million. Also of interest: tennis great John McEnroe is selling his 1986 Warhol portrait with ex Tatum O'Neal, est. only $500,000 - $700,000. See the gallery for images.



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