Statue of Liberty

Own a Piece of the Statue of Liberty

Filed under: Auctions

You can buy anything these days, especially in New York City. To wit, Guernsey's auction house said a copper chunk of nose crafted to fit the Statue of Liberty's face during her 1980s restoration will be auctioned on September 24 at the Park Avenue Armory. The two-foot-long section was one of four created to replace the Statue of Liberty's nose, and it's the only one that likely ever will be sold. Of the other three, one currently adorns the statue, one was destroyed, and another is in a private collection.

Other iconic items up for auction that day include a motorcycle from President John F. Kennedy's Dallas motorcade, James Dean's sunglasses, the last home run ball from the original Yankee Stadium, Barbra Streisand's first test record and a photo negative from Marilyn Monroe's nude calendar shoot.

Tags: auction, auctions, guernseys, guernseys auction house, icon, icons, New York, New York City, NYC, Statue of Liberty

Collectors "Lapped up" Lehman Art

by Tom Johansmeyer (RSS feed) —

Filed under: Auctions, Art

i love liberty Another chapter in the history of Lehman Brothers is now closed. At yesterday's auction, the artwork held by the once mighty financial institution fetched $1.35 million, almost double the $760,800 presale estimate by Freeman's Auctioneers. Nonetheless, it puts hardly a dent in the $250 billion that Lehman owes its creditors.

The auction lasted six hours and featured both fast-paced bidding and generous prices. Unsurprisingly, Roy Lichtenstein's Statue of Liberty print, titled "I Love Liberty," was the top lot at $49,000 (the presale estimate was only $25,000). Robert Indiana's "Polygons" prints brought in $23,750, almost four times the expectation. Every lot moved, the first time we've seen a 100 percent auction (high profile, at least) in a while.

Alasdair Nichol, vice chairman and auctioneer at Freeman's, cites "trophy hunting" as the driver behind Sunday's result. "What's not to like?" he said to Bloomberg News." "It's nice boardroom art, presented nicely, ready to go up on the walls. People lapped it up."

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Tags: art, art auction, art auctions, ArtAuction, ArtAuctions, artwork, auction, auctions, freeman, lehman, lehman bros., lehman brothers, LehmanBros., LehmanBrothers, lichtenstein, philadelphia, roy lichtenstein, RoyLichtenstein, statue of liberty, StatueOfLiberty