I'm no art critic, which is perhaps why I'm a little mystified by the astronomical sale of Le Bassin aux Nympheas by Claude Monet for £40,921,250, ($80,451,178) at a recent sale at Christie's London. This new sale obliterates the record set at Christie's New York in May by Monet's "Le Pont du chemin de fer a Argenteuil" which went for $41.181 million.
Le Bassin aux Nymphéas was fought for by three bidders, two on the telephone and one woman at the front of the room. The Guardian reports that at one point the woman bidder asked for more time but she eventually had the winning bid. The painting is one of Monet's large-scale Nymphéas which led to his Grandes décorations, the frieze now in the Musée de l'Orangerie, Paris. Dated 1919, when Monet signed the picture and sold it with three sister-works, Le bassin aux nymphéas is one of the tiny handful of pictures from this period that he sold.
As the Guardian article mentioned, quoting art expert Charles Dupplin, right now the art market is an interesting spot. Records are being smashed all over the place while the middle section of the market appears to be sagging. This mimics in some ways the state of the entire luxury market which has remained robust at the ultra high end but has shown serious weakness in the lower and middle ranges.
The Tony Hawk Foundation has a very broad mission of working to foster lasting improvements in society and it aims to do this mainly by empowering and supporting the youth of today. The Tony Hawk Foundation creates and supports various recreational programs around the country but usually favors (of course!) putting up skateboard parks in low income communities.
Last week Athina Onassis auctioned off a large collection of her mother's jewelry through Christie's in London, with the most noteworthy piece being a diamond necklace featuring a 38-carat pear-shaped diamond pendant.
Athina's mother was Christina Onassis, daughter of famous Greek tycoon Aristotle Onassis, and she died at the young age of only 37 back in 1987. The diamond necklace was a fitting example of the great jewelry and art the Onassis family was known for collecting. It sold for $7.1 million.
Watermelon is one of the signature fruits of summer, and although (considering today's economy) I'm willing to pay more for it than I used to I'm not so sure I'd be willing to pay upwards of $6,000 for a single melon! But at least one man in Japan was as he bid on and won an auction for a 17lb Densuke watermelon for a whopping $6,100. Despite the fact that watermelon is considered a luxury in Japan and that this particular kind of melon only grows in one place (on the island of Hokkaido in northern Japan), this auction marks the highest selling price ever for a watermelon in Japan, and most likely the world.
Another high-end home is being auctioned off in Arizona. This 5,100-square-foot home was built by Chicago architect Jack Moses and was the market at $2 million but is now being auctioned off by Sheldon Good. The home has two master suites, mahogany floors and a rooftop observatory. The home is located in the gated community of Mountain Cove Estates in Tucson and is on 1.13 acres. The home is 5,370 square feet of living space with five bedrooms plus study and four and a half baths and a natural wood burning with gas connection fireplace is located in the living room. To buy this home show up at on June 19th at the Hilton Tucson El Conquistador at 6pm with a certified or cashier's check for $85,000. The minimum bid is $1.399 million.
While in Las Vegas the last few days I've seen some big diamonds but nothing even close to this gobstopper. The largest diamond ever auctioned off in Asia , a 101.27 carat stone we first mentioned back in February,sold for $6.21 million to a private buyer at Christie's in Hong Kong on Wednesday. The stone was originally cut from a 460-carat rough. The stone is an F color (D is the highest) and only a slight surface imperfection brought this remarkable stone's clarity value down to VVS1. Only three colorless diamonds of more than 100 carats have appeared at auction, selling in Geneva. The new owner gets naming rates.
The 1970 Porsche 908/2 was raced several times by McQueen, including once when he was driving with a duct-taped cast on a broken foot and once when there were cameras attached to the vehicle to collect movie footage. The car has a 3.0 liter 350hp engine and is expected to sell for between $1.5 - $2 million at the auction in Carmel Valley, CA by Bonhams & Butterfields.
A few months ago we told you about the rarest stamp in the world which is worth several million dollars. This June, you can bid on a stamp that is a similar range of value. it's the Pack Strip, shown above, a strip of two 30-reis and one 60-reis stamps joined together (it's named after one of its early owners Charles Lathrop Pack). The strip is an example of stamps from Brazil made in 1842. They are called bull's eyes because the denomination sits in the center of a target-like shape.
The sale of this stamp is part of the auction of the world's most valuable private collection of South American postage stamps. The collection was assembled over four decades by a retired college professor who now lives on an island and will be will be offered in a public auction in New York City and online by Robert A. Siegel Auction Galleries on June 5 and 6, 2008.
The auction also includes from Buenos Aires, Argentina, the only surviving example of the 1859 one-peso "tête-bêche," which is French for head-to-foot, and the term collectors use to describe a pair of stamps that are printed upside down to each other. It has a pre-sale estimate of $400,000 to $500,000. From Chile there is an envelope with a unique block of 14 lithographed 5-centavo stamps of 1854 which is $400,000 to $500,000. From Colombia there is a letter with a 5-centavo and a10-centavo stamp dated September 1, 1859, the first day these very first stamps of Colombia were issued The pre-sale estimate is $200,000 to $300,000.
Auction Napa Valley 2008, The American Wine Classic, is here and you can be a part of it even if you're nowhere near Napa Valley. The "granddaddy of charity wine auctions" is offering 88 lots for bidding online, including one-of-a-kind bottles and collections, various luxury items, tickets to private events, and even weekend getaways hosted by Napa Valley vitners.
And bidding online will not only indulge your wine habit but it will also support various charities local to the Napa Valley area. The auction opened May 23rd and will run through June 6th.
She's getting rid of 430 items total, including clothing and accessories from designer names like Dior, Balmain, Balenciaga, and textiles from as far back as 1700. Also included in the sale will be several outfits and evening dresses worn to various events, and perhaps most noteworthy of all the wedding dress she wore at her wedding to Mick Jagger back in 1990. The goodies will be auctioned off at Sotheby's in London on June 10th, with all proceeds going to benefit the homeless through the Emmaus charity.
Overall, the jewelry market has seen signs of weakness lately but the tip of the market is still strong. The blue diamond shown above is a 13.39 carat stunner which sold for a world record price of $8.9 million at a sale at Christie's in Geneva last Wednesday. Blue diamonds of this size are rather rare. The stone is a type IIb diamond. Type IIb diamonds are prized by jewelry lovers and collectors and contain small amounts of boron which gives them their color. They also have the property of being semi-conductors that conduct electricity. The auction brought in nearly $48.3 million total.
This Arizona auciton isn't as lavish as the one of million dollar homes I covered a few weeks back but it's another real estate discount. Trammell Crow Residential has announced the auction of the Quarter Condominium Residences at Westgate City Center in Glendale, Arizona. Up for purchase are 35 two and three-bedroom townhouses. The Quarter at Westgate City Center has two resort-style swimming pools and heated spas, shaded ramadas with natural gas grills and a fitness center. A clubhouse for residents includes a kitchen, custom-designed indoor/outdoor fireplace, WiFi access, and a four-panel flat-screen TV wall.
The townhouses are part of the $1.5 billion Westgate City Center which will have 6.5 million square feet of commercial, retail, hotel and residential space including access to NFL and NHL games at two arenas, an AMC Westgate 20 Theatre, and restaurants like Bar Louie and Fox Sports Grill. The auction will take place on Sat., June 7 at 1:00 p.m. at the JW Marriott at Desert Ridge, located at 5350 East Marriott Dr., Phoenix, Arizona. Minimum bids for the townhouses available at auction will start at $195,000, which is approximately 35 percent below the highest previous asking price Two-bedroom townhomes had previous asking prices of up to $485,321, and three-bedroom townhomes had previous asking prices of up to $552,520.
Should you be able to sell the love letters from a famous ex? Joe Montana doesn't think so. The NFL football great has sued his ex-wife Kim Moses and Heritage Auction over the sale of love letters and other memorabilia dating back to his college days at Notre Dame. Montana says that the items which were sold at Heritage on May 3, violated his copyright and privacy rights. The items sold include the couple's marriage certificate, her bridal veil, Montana's college I.D. card and a lot of personal letters and cards full of all sorts of intimate details. Montana is seeking damages in excess of $75,000 and the lawsuit says that Moses obtained some of the items without his consent after they were divorced (the couple married in 1974 and divorced less than three years later). Whether or not it is legal remains to be seen but it does show questionable taste to auction off one's college love letters to the highest bidder.
As my colleague, J.P.S. mentioned when talking about an upcoming Christie's contemporary art auction, the economy may be sluggish but we don't think the art market is headed for a crash quite yet. Proof of that could be sen yesterday when Christie's auctioned off "Le Pont du chemin de fer a Argenteuil" a painting of a bridge by Impressionist Claude Monet. The painting brought in $41.181 million, setting a new record for the popular French artist and besting the estimate of $35 million to $40 million. The previous record for a Monet painting, $36.5 million for his 1904 "Nympheas," was set just last year. No word on who the buyer and seller are.
Jerry Hall, supermodel, actress, and ex-wife of Rolling Stones' Mick Jagger, 
