Word: auctions
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...Even Undergraduate Council President John S. Haddock ’07 did not have a ticket by last evening, he said in an e-mail. But one place Harvard students can still find tickets is on eBay, where one Harvard senior posted two endzone tickets for auction. The pair sold at 10:30 p.m.for $105. Face value for an individual ticket sold to the public is $30. Harvard has no official ticket scalping policy, Hobin-Audet said, because it’s not usually an issue. “Other than Harvard-Yale, there aren’t very many...
...Picassos and Rembrandts. But times have changed. Now it's a spectacularly rich man's sport, as evidenced by the bidding frenzy that took place last week at Christie's in New York City, where $491 million worth of Impressionist and modern art changed hands--the priciest art auction in history. Gustav Klimt's Portrait of Adele Bloch-Bauer II sold for $87.9 million, obliterating the presale estimate of $40 million to $60 million. Three other Klimts--part of a collection stolen by the Nazis during World War II and recently returned to the owner's heirs--fetched a combined...
...Goghs to the stratosphere. (Saito paid $82.5 million for Portrait of Dr. Gachet.) Dotcom entrepreneurs with Internet funny money bought Impressionists and Pop Art. Today a new generation of hedge-fund billionaires and Chinese and Russian kleptocrats is part of an ocean of capital flowing into galleries and auction houses. "There seem to be no limits to what people will pay, and in every kind of art," says art-tax specialist Ralph Lerner, whose clients include some of the country's biggest collectors...
...Criterion. Consider: that it's the only label to have its own section in many video stores; that a copy of the out-of-print "white ring" edition of Pier Paolo Pasolini's Salo has been bid up, last time I checked, to $1,025 on eBay, and the auction doesn't end till midnight tomorrow; and that Criterion's new megabox set, Essential Art House: 50 Years of Janus Films, retailing for all of $850, places an impressive #737 on the Amazon.com best-seller list - higher, for example, than any single DVD edition of Citizen Kane...
...myself around the intersection of Market Street and Dolores in San Francisco, where the U.S. mint sits on a hill overlooking a Safeway supermarket, the very mint that produced, for reasons never definitively established, just 24 dimes in 1894, the fabled 1894-S dimes, one of which sold at auction last year for $1.3 million.) At one point I also made a sustained attempt at a stamp collection. I still have my first-day issue of the three-cent stamp commemorating Teddy's Roosevelt's home at Sagamore Hill, which today is worth about what it was then...