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that's a duck of a lot of money

Merganser

Okay, so it wasn't merely a duck. It was a red-breasted merganser. And it wasn't exactly alive. It was a decoy carved more than 120 years ago by a fellow named Lothrop Holmes, a cemetery superintendent and waterfowl hunter from Massachusetts.

But that very decoy sold for $856,000 at Christie's not too long ago, and that made us sit up and take notice. That's nearing a million bucks for a carved wooden decoy, after all, prompting the question: Who buys such things for such money?

Well, as Gary Guyette of the Maryland auction house Guyette & Schmidt recently put it, "What we've got is a dozen or 15 new collectors who make hundreds of millions of dollars a year. If you have a $30,000 decoy and they like it, they might pay $130,000 for it."

Excuse us for a moment. There are a few thousand barns and sheds in New England and down in the Tidewater that we'd like to rummage through for a little while.

--BEN COSGROVE

January 31, 2007

records fall at barrett-jackson show

With 1,254 cars sold at this year's Barrett-Jackson Collector Car Auction in Scottsdale, at an average price of $87,001, one thing's for sure: The muscle car is back. Again.

Here are some of the highlights from the annual Arizona get-together:

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1930 Duesenberg Model J

Once dubbed "the world's finest motor car," this Model J--with its original 265-horsepower, straight 8 engine and body--sold for $660,000. Bidders at Barrett-Jackson tend to like their cars like their thick cuts of porterhouse--very rare. This stately car is just that, winning several awards including the 2004 Grand Classic Award, National First Place from the Classic Car Club of America, and a first-place badge from the Antique Automobile Club of America.

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1954 Dodge Firearrow "Dream"

Conceived by legendary American car designer Virgil Exner in 1954 as part of a four part series, the Firearrow II and IV "Dreams" are the only two convertible Firearrows in the world. The yellow Firearrow II was built on a shortened Dodge Chassis, and the bright red Firearrow IV, the last of the collection, is in its original condition. Both cars have received honors at Meadowbrook and Amelia Island Concours d'Elegance. Sold for $1.1 million each.

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1966 Shelby Cobra Supersnake

The ultimate muscle car, this Shelby Cobra Supersnake set a Barrett-Jackson record selling for $5.5 million. Designed for the personal use of racing and design legend Carroll Shelby, it's powered by a 427cid, 800 hp twin Paxton supercharged V8 engine with a super three-speed automatic transmission.

1967_corvette_coupe_2
1967 Corvette Coupe

Restored in 2005 by Terry Michaelis with a L-36 427-hp engine, factory air conditioning, a telescopic steering column, and a M-21 close ration transmission, this 'vette is the last of the C-2 series and is an American classic, and a downright bargain at $151,250.

1971_plymouth_barracuda_1
1971 Plymouth Barracuda

The fastest Hemi-powered 'Cuda in the world, this red monster has clocked speeds over 200 mph, blending modern performance with the gears of a seventies standout. Without questione of the must boss 'cudas around, leaving rubber patches at $588,500.

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1978 N007 Tupolev

In 1961 the Russian government commissioned Andrei Tupolev, a Soviet aircraft designer, to build the N007, a top-secret rescue watercraft. The N007 Tupolev was used to rescue cosmonauts from the hazardous terrain of Siberia. Here in Scottsdale it sold for $187,000.

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2003 CNN's "Warrior One" Hummer

This Hummer was used by CNN anchors covering the 2003 War in Iraq. The auction's proceeds of $1 million went to the Fisher House Foundation, a group that builds homes on the grounds of military and VA medical center.

January 30, 2007

"New Life for the Noble Tree": nakashima at sotheby's

Nakashima_portrait_1

Back in the 1950s, when America was racing towards a Jetsonesque ideal of modernity and futurism, furniture maker George Nakashima was quietly going in the opposite direction. He established a small community around family and work in Bucks County, Pennsylvania, and from there, across the next four decades, produced a completely unique body of work. Nakashima furniture remains as remarkable now as it was then: It embraces modernism while standing against the forces of mass production and retaining the quality, intentionality, and humanity associated with our most admired artisans. But Nakashima was not only an artisan: He was an artist, too, and the attention and prices that his furniture is beginning to draw only prove it.

After all, would anyone risk spilling merlot on an $822,400 table not created by an artist?

Nakashima_arlyn_1That was the price that Sotheby's New York auctioneer Tobias Meyer recently knocked down for Nakashima's masterful Arlyn table, a rich, oversized cross-section of redwood burl (originally from California's Muir Woods) that the craftsman executed in 1988 for his most notable patrons, Dr. Arthur and Evelyn Krosnick of Princeton, New Jersey. At the December 16, 2006, auction, New Life for the Noble Tree, the bidding was swift, as one Nakashima after another--each created for the Krosnicks to replace vintage pieces lost in a 1989 fire--came and went amid a flurry of phone offers and prices that climbed from high to higher to highest. The low pre-auction estimate on the Arlyn table was $300,000, and over the course of the bidding it was not unusual to see sideboards, coffee tables, and black-walnut Conoid chairs (a signature design going back to 1961; see below) fetching twice the anticipated prices. This was, after all, perhaps the most important Nakashima auction ever held, coming at a time when all things Nakashima have been boostered by such fans as Steven Spielberg and Diane von Furstenberg.

The 46 lots--curated by James Zemaitis, responsible for two previous Nakashima auction records and featured in the Fall 2005 issue of Men's Vogue--represented not only Nakashima's final work (he died in 1990 at age 85, in the midst of rebuilding the Krosnicks' collection) but the moment when he handed off operations to his daughter, Mira, who completed many of these masterworks. "My wood is better now, and my work is better now," the furniture maker said of this late phase, in which his designs tilted toward the Baroque, with riotous free edges, a profusion of butterfly joints, and daring explorations of such exotics woods as Persian walnut and Oregon myrtle. At the final rap of Meyer's gavel, New Life for the Noble Tree cleared $2.6 million. The sale of the Arlyn table--to Florida collector Rudy Ciccarello--set a new auction record for the designer.

Though trained as an architect, Nakashima began making furniture while sequestered in an internment camp for Japanese-Americans in Minidoka, Idaho, during World War II. (He grew up in Spokane, Washington, and earned a masters from MIT in 1930.) When offered the chance to relocate to Pennsylvania, he and his wife didn't hesitate. What they found in the rolling hills, old-growth forests, and sturdy yet elegant stone structures of Bucks County became a lasting foundation for their lives and work--work that continues, thanks to Mira Nakashima and the Nakashima Workshop in New Hope, Pennsylvania.

-- Samuel Moyer and Mark Rozzo

Read an article on Moyer's own furniture here.

Nakashima_conoid
A superb and rare set of eight "Conoid" chairs from the dining room, Melody Woods III, Princeton, New Jersey.

January 29, 2007

ain't misbehavin' ... much: hollywood documents at swann

Mmleadmemo "It seems you're a very busy girl and you don't pay much attention to police summons" may sound like the opener to a second-rate skin flick, but it's actually a reprimand from a bail bond broker to Marilyn Monroe, and just one of many morsels in the selection of documents on auction today at The Swann Galleries in New York.

From the Twentieth Century Fox Archives: Documents from the Golden Age of Hollywood whets even further America's insatiable appetite for Hollywood indiscretion. Here, however, in a dignified spin on the ever-popular dish, tales of deal-breaking antics and notorious name changes unfold on actual legal documents--sans today's tabloid-y "according to sources" disclaimers.

Fans might well marvel at the pristinely authentic signatures of some of the biggest names Tinseltown has ever seen--Bogart, Brando, Audrey Hepburn, Cary Grant, Judy Garland--but the letters likely to bait the highest bidders are, inevitably, those that suggest scandal.

Marlon Brando bails on The Egyptian and hops the Super Chief to New York. Judy Garland is terminated from The Valley of the Dolls. Norma Jean Dougherty is re-christened Marilyn Monroe only to trouble the studio with Lohan-esque absences and illnesses. Despite executive producer Peter Lavathes' objections, she skips a day on Something's Got to Give and goes to John F. Kennedy's birthday party. Happy Birthday, Mr. President, indeed.

Elvisstartingcard Another lot offers four internal memos concerning bootleg copies of Marilyn's famous nude calendar with red-velvet images by Tom Kelley. And because no one loves their memorabilia more than Elvis fanatics, the selection also includes a set of documents relating to Love me Tender and an agreement to start work on Flaming Star, signed by the King himself.

For the higher minded, there are agreements signed by John Steinbeck and William Faulkner granting the motion picture rights to The Grapes of Wrath and The Sound and the Fury, respectively.

Whatever your own film fetish might be, it's worth taking a peek. (See more below. All images are courtesy of Swann Auction Galleries.)

--LIZ McDANIEL

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Cablegram to Bette Davis indicating that shooting on Hush ... Hush, Sweet Charlotte has been suspended due to an unspecified Joan Crawford illness.

Faulkner
A letter to William Faulkner from Twentieth Century-Fox indicating that the studio is exercising its option on his novel, The Sound and the Fury.

January 25, 2007

audi's history on the block

Audi_2_2 If you have a spare $15 million or so lying around the house, you might want to head over to Paris this February and look into spending it on one of the rarest and most sought-after racing cars on the planet: a 1939 model Auto Union Type D.

On February 17, Christie's will be auctioning one of only three remaining Type Ds at the City of Light's international vintage car fair, Retromobile, and estimates for what the speedster might fetch range from $12 to $15 million. And no one is saying that bids won't go higher, of course.

(The car is on display today, January 25, in New York at the Audi Forum at Park and 47th.)

Audi_1 The car is sometimes referred to as "Hitler's race car," seeing as how the German Chancellor in 1933 offered 500,000 reichmarks to a company that could design a car that highlighted Teutonic prowess. Ferdinand Porsche, an engineer at a firm called Auto Union (today's Audi) managed to grab some of that dough to help build a revolutionary car he had designed.

Over the next several years, that car was tweaked until it emerged as the 1939 Auto Union D-Type. With a 460-horsepower twin-compressor engine, the D eventually won the Grand Prix in France and Yugoslavia before all the models headed east with the Red Army.

The rest, as they say, is history--and if Christie's has its way, history will again be made when the D goes on the block. It's expected to fetch a record auction price.

Modern Glimpse

While art and photography were both sincere pursuits of the late Arnold Newman, he did not favor the two together. "Those who call themselves art photographers are pompous, arrogant egoists,"he told the Detroit News in 1923. Yet, a great deal of Newman's work deals with the artists who frequented his studio in the modernist enclave of West 67th street. And the property of his estate - a portion of which is to be auctioned by Christie's on January 10 - is a testament to the friendships he maintained with those subjects. Credited with the discovery of environmental portraiture, Newman believed in the revelatory power of one's surroundings. What better means, then, of understanding this great photographer, than exploring the very pictures that he chose to make a part of his.

Highlights of the auction include Ellsworth Kelly's Spencertown: A classic example of Kelly's minimalist style; George Segal's Untitled (Seated Nude): Evidence that even at the height of Abstract Expressionism, Segal devoted some time to the human figure; and a sketch of James Rosenquist's The Meteor Hits Picasso's Bed: A pop artist matures and takes on Picasso.
--LIZ McDANIEL

Elsworth_kelly_lot50
Ellsworth Kelly, Spencertown

George_segal_lot55
George Segal, Untitled(Seated Nude)

James_rosenquist_lot63_2
James Rosenquist The Meteor Hits Picasso's Bed; including hand-written letter from James Rosenquist to Arnold Newman

All images courtesy of Christie's Images Ltd. 2006

January 09, 2007

the men's vogue charity auction

Auction_baseball_1 On January 22, Men's Vogue will launch an online charity auction, in partnership with iGavel, to benefit the United Nations Refugee Agency campaign Ninemillion.org. The auction will make available rare and one-of-a-kind items, from sporting goods--like the customized baseball glove pictured here--to works of art, and the proceeds will help provide educational supplies and sports gear to the estimated nine million child refugees around the world.

Check back here in the auction blog and in the Collecting section of our site for updates and auction news.

January 05, 2007

that's one fickle nickel

1913_liberty_nickel_1 What if they declared an auction, and no one came?

One of only five known 1913 Liberty Head nickels--secretly struck at the Philadelphia mint after the coin's design was retired--was recently put up for auction with bidding set to start at $4.5 million, but no offers were forthcoming.

Still, one of the coin's owners, Laura Sperber of Legend Numismatics New Jersey, remained sanguine about the situation.

"We aren't disappointed. We've very happy to still own the coin," she said. And why wouldn't she be happy? The same coin sold last year in New Hampshire for $4.15 million.

Suggestion: Next time, start the bidding at a measly $4 million. After all, as the Times Magazine told us in the most recent annual "Year in Ideas" issue, "Low Starting Prices Lead to High Auction Sales."

--BEN COSGROVE

January 04, 2007
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