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Rising Value of Unrestored Cars

By Malcolm Welford, Vintage Car Specialist
 

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Archive for September, 2010

Asian Art Soars At Christie’s

September 20, 2010

Over four days of Asian art sales last week, Christie’s scored an impressive $70.75 million in sales. Chinese art alone accounted for $55.5 million, the highest total for that category ever achieved in New York. It was, said Christie’s, “a milestone for Chinese Art in the West.”

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Rising Values of Unrestored Cars

September 16, 2010

Stuff

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Model Jerry Hall’s Art At Sotheby’s

September 14, 2010

Lucien Freud painted her portrait when she eight months pregnant, and Andy Warhol gave her his work “Dollar Sign” as a gift. Now model and actress Jerry Hall, former wife of Mick Jagger, is selling 14 items from her art collection at Sotheby’s, where a total sales price of at least $2.3 million is anticipated.

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“Ship of Gold” Ingot To Sell

September 14, 2010

When the SS Central America sank in a 1857 hurricane off the coast of North Carolina, 400 passengers and crew were lost along with its cargo, 30,000 pounds of gold. A large ingot recovered from the vessel, known as the “Ship of Gold,” will sell at Heritage’s September auction of rare U.S.coins, where it’s expected to fetch more than $130,000.

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Ian Fleming’s Ride

September 14, 2010

His fictional hero James Bond may have favored an Aston Martin, but Ian Fleming’s ride of choice was an AC Aceca Coupe, which he bought new from the factory in 1962. One of only six cars made by AC with a 2.6 Ruddspeed and Ford Zephyr engine, it’s expected to sell for $152-$203,000 at Bonham’s Goodwood Revival auction this week in West Sussex, England.

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Jaguars for Children

September 14, 2010

For the child who doesn’t have everything, Bonham’s will auction a D-Type, “long nose” kid-sized Jaguar designed for children to race. The car is expected to go for an estimated $15,000 when it comes up at the Goodwood Revival on Sept.17, 2010.

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Aston Martins at Reims

September 06, 2010

Aston Martin isn’t a marque ordinarily associated with anything as prosaic as station wagons. The rare and elegant  example featured at Bonhams’s September 11 Reims auction, however, might alter one’s sense of the category. It’s a 1996 shooting brake Sportsman, one of only two produced that year and hand-made in aluminum, estimated at $513-$642,000.

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George Washington’s Will

September 06, 2010

One of only 13 copies of George Washington’s will as well as early Presidential letters of Jefferson, Madison, Monroe, and Jackson will be among the more than 200 lots offered by R.W.Oliver’s this week in a sale billed as “Personal Property of 10 Generations of the descendants of Thomas Green (b. 1640).” Much of the collection was accumulated by Andrew H. Green (1830-1918), who was known as “The Father of Greater New York.”

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“My Little Friend” To Sell

September 03, 2010

RM Auctions calls the M16 the “most recognizable gun in film history.”  It’s one of the two weapons Al Pacino wielded in “Scarface” complete with the grenade launcher (“my little friend“) that Tony found so useful. Say hello!” he memorably commanded before blasting away. Also used in Arnold Schwartznegger’s “Terminator” and offered at auction for the first time, the gun is listed without estimate.

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Rarest of Russian Stamps at Cherrystone

September 02, 2010

Formerly part of the Faberge collection, this strip of five blue and brown 1857 Russian stamps has been described as “the most important piece of Russian philately.” One of 53 lots in the Alexander Collection of Imperial Russia, it goes on sale September 16th at Cherrystone Auctioneers in New York, carrying a pre-sale estimate of $250,000.

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“Perfect” Wine Auction

September 02, 2010

It’s a wine lover’s dream: an auction consisting of nothing but 100-point wines, as rated by noted wine expert Robert Parker. The Naples (Florida) Winter Wine Festival will auction off a 100-bottle selection at its January 2011 event benefiting local children’s charities. Included in the mix: a 1985 Domaine Romanee-Conti estimated at more than $11,000.

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Soviet Space Suit To Sell

September 01, 2010

The Soviet Union’s “Moonshot” program from the 1960’s may be a distant memory, but the wardrobe created for its astronauts lingers on. An unused “Orlan-D Eva” spacesuit developed for lunar flight will go on sale Regency Superior’s October 1st space and aviation auction, where it’s expected to fetch a lofty $30-$50,000.

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Another Blow To “Ansel Adams” Find

September 01, 2010

An expert who had authenticated a group’s claims for a yard sale trove of supposed Ansel Adams photographs has withdrawn his support. “I made a mistake,” said former Boston Museum of Fine Arts curator Robert C. Moeller III. He now believes that an amateur California photographer named Earl Brooks was responsible for at least some of the photographs.

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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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