A few have written me questioning my article published this week on the second highest results reported on in my review of the most recent auction events by Profiles in History, namely one of the most promoted items in their Hollywood Auction 56 sale event: “Lot 563: Steve McQueen’s signature screen-used “Frank Bullitt” hero tweed sports jacket worn in Bullitt”. This lot is still today reported by their online bidding partner, ArtFact, as having sold for a hammer price of $600,000, which was the low estimate. However, on the official “Prices Realized Detail” published by Profiles in History on their website, Lot 563 is omitted (indicating a passed lot/no sale). Like myself, much of the mainstream media picked up on the result of sold at a hammer price of $600,000 – not passed/unsold – thus I felt a short, stand alone update was warranted, rather than just a correction within my original article (which was also made today), which would go unnoticed to those who read the feature believing that this lot was the second highest hammer result over the two-day “Hollywood Auction 56” auction event. [Read more…]
Profiles in History ‘Hollywood Auction 56’, ‘Dreier Collection, Part 2’ Post Auction Reaction – Update on “Jackpot Reserves/Estimates Finally Out of Control?” (8 Months Later)
Profiles in History had a tremendously heavy auction schedule at the end of July, holding no less than four auctions across five consecutive days (Property from the Estate of Milton H. Greene on 7/27, Hollywood Auction 56 on 7/28-7/29, The Dreier Collection Part 2 on 7/30, and their Animation Auction 58 on 7/31), though they also held their Rare Books and Manuscripts Auction 55 earlier in July, and had their huge San Diego Comic Con display in-between sale events. These were their first big sales of 2013 (apart from the awkwardly titled, adjective-heavy The Property of a Distinguished American Private Collector, Part 2). The last of their traditional Hollywood Auction events was in December of last year and, as written at the time, it seemed to indicate a collision of escalating reserves/estimates and some push back from the marketplace on the same. Taking a top down view of these latest sales, the same mixed bag would seem to now be a trend, rather than a one off occurrence. [Read more…]
Profiles in History ‘The Dreier Collection, Part 2′ TV & Movie Prop Catalog Available Online for Sale Event July 30th
Profiles in History’s ‘Dreier Collection, Part 2’ auction catalog is now available in print as well as online, via their official site. This auction is scheduled for July 30th at their Calabasas Hills facility. The ‘Dreier Collection, Part 1’, was held around the same time last year. [Read more…]
Julien’s Auctions “The Collection of Michael Jackson” Sale Event Canceled; Items to Be Returned
Per reports from the Associated Press, both a spokesman for Michael Jackson and Julien’s Auctions have said today that – as part of a settlement agreement in the widely publicized dispute – Jackson will retain possession of the approximately 2,000 personal items [Read more…]
Julien’s Auctions Claims Victory in Court Hearing; Michael Jackson Denied Return of Personal Property
Per reports from the Associated Press, Los Angeles Superior Court Judge Brett Klein ruled in favor of Julien’s Auctions and denied Michael Jackson’s MJJ Productions efforts to have his personal property from Neverland Ranch returned. The memorabilia is scheduled to be sold at auction April 22-25 in Beverly Hills. [Read more…]
Julien’s Auctions Replaces Auction Network with Live Auctioneers for Michael Jackson Sale
As reported in previous articles – see Auction Events | Julien’s Auctions | Michael Jackson – Michael Jackson’s MJJ Productions filed a lawsuit against Julien’s Auctions for the return of personal property from the Neverland Ranch that was consigned to the auction house with a sale planned this month. These events appeared to have prompted long time auction partner Auction Network to withdraw as the online bidding service provider. In reviewing the JuliensAuctions.com and LiveAuctioneers.com websites today, it appears that Auction Network has been replaced with competitor Live Auctioneers. [Read more…]
In The News: Colony Capital May “Throw Their Hat Into The Ring” To Stop Julien’s Auctions Sale of Michael Jackson Property
Fox 411’s Roger Freidman, who has been out in front with the developments concerning Julien’s Auctions event and Michael Jackson’s efforts to stop it, today reports that Colony Capital may also take steps to halt the sale of Jackson’s personal property and memorabilia. [Read more…]