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Rising Value of Unrestored Cars

By Malcolm Welford, Vintage Car Specialist
 

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Brazilian art

Here Come The Brics

April 06, 2010

The stock market knows all about Brics.  Now the auction world is getting in on the action.  “Bric” is  financial shorthand for funds invested in Brazil, Russia, India, and China. Now Phillips de Pury is staging the first auction devoted exclusively to contemporary artists of those four countries on April 23-24, 2010, in London.

Read more...

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    Recent Results

    • At Antiquorum's watch auction in Hong Kong, a Patek Philippe ref. 5074, with complications including a minute repeater with carilon, sold to an Asian collector for $574,791, the top price at the sale.
    • A block and shell mahogany bureau table, dated 1770, by noted colonial cabinet maker John Townsend has sold at Christie's for $2.2m, for than twice its $900,000 low estimate.
    • The '49 Buick Roadmaster featured in the 1988 "The Rainman" movie sells for $170,000.
    • The upright piano from the 1942 classic film "Casablanca"--the one on which Sam plays "As Times Goes By"-- sold for $602,500 at Sotheby's in New York.
    • "The Coachman," the iconic 1923 painting by Boris Kustodiev sold at Christie's Russian Art Auction for a record $7m.
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    Eye On: Taxes

    U.S. Taxes on art bought abroad
    Collectors buying art at auctions overseas must be aware of U.S. tax consequences. Here are some tips from Alan Olsen that will help smooth the way.


    Art Bought Overseas CPA Alan Olsen, of Greenstein Rogoff Olsen & Co., talks about the U.S. tax consequences when you purchase art abroad. Watch Video


    Ask Alan A Question

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