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ARTFIXdaily News Feed - Friday, November 20, 2009
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 | Diamonds dazzle investors concerned about hyperinflation
bloomberg - November 20th, 2009 00:05
Christie’s and Sotheby’s sold a combined $95 million in Geneva auctions of watches, gems and wine this week as the rich seek rare objects to hedge against inflation. Aleks Paul, a Russian gem dealer in New York, spent 13 million francs at Christie’s, hauling off a 62-carat flawless pear-shaped diamond and two other lots. That’s more than a third of the total sale. His clients are based in Russia, China and the Middle East, he said.Read more | |
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 | The million-dollar penny
Wall Street Journal - November 19th, 2009 23:55
A 1795 reeded-edge U.S. penny, one of only seven known to exist, recently sold for nearly $1.3 million at auction—the first time a one-cent coin has cracked the million-dollar price barrier. The sale, at Beverly Hills,Calif -based Goldberg Coins & Collectibles, follows other hot sales of gold coins, which are up as much as 75% at Dallas-based Heritage Auctions Inc. Popular $20 U.S. Saint-Gaudens gold pieces from the early 20th century are commanding $1,700 apiece, sight unseen, in ...Read more | |
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 | Jeanne-Claude, Christo's colorful collaborator, passes away
Bloomberg - November 20th, 2009 00:23
Like the projects she created over the decades with her husband, Christo, Jeanne-Claude is no longer here, but the memory of her will linger. The extroverted, red-haired Jeanne-Claude died at age 74. After a five-decade career, in 2005, one of the artist-couple's most remembered works, “The Gates,” opened up in New York's Central Park -- 7,503 steel frames hung with saffron-colored panels, fluttering in the breeze, changing colors and moods with the ...Read more | |
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 | Patek Philippe pocket watch scores $5 million in Geneva
Luxist - November 20th, 2009 00:45
A Patek Philippe Yellow Gold Calibre 89 pocket watch, the world's most complex timepiece, just sold for a world record price of CHF 5,120,000, or $5.068 million at Antiquorum's 35th Anniversary Sale in Geneva. With a staggering 33 complications, the watch weighs nearly 2.5 lbs. and has an 18k yellow gold case. It was made to honor the 150th anniversary of the famed Swiss watchmaker, established in 1839.Read more | |
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