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Rising Value of Unrestored Cars

By Malcolm Welford, Vintage Car Specialist
 

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Marc Labarbe

Chinese Scroll Brings $30.8 Million

March 30, 2011

An anonymous Hong Kong bidder has paid over $30m for a 18th century Chinese scroll at an auction in Toulouse, France. After a bidding war with seven others, the gavel finally came down at $30.8m, the latest example of the soaring Asian art market. It was the highest price ever achieved for a Chinese work in France.

Read more...

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    Recent Results

    • Director Jean-Luc Goddard's handwritten script for his 1963 film "Contempt," which starred Brigitte Bardot, sold this week at Paris-based Artcuriel for $186,800, well over its $77,500-$103,000 estimate.
    • 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.
    • see more...

    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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