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Why a one-cent stamp is set to sell for millions

<p>An extremely rare stamp that was once bought for a measly one cent is set to sell for millions of dollars, breaking records at a US auction house. </p> <p>While to the untrained eye, the blue stamp seems like any old stamp, the 1868 one-cent Z-grill is actually the rarest stamp in America due to its unique history and rarity. </p> <p>On June 14th, the one-cent Z-grill will be put up for sale by Robert A. Siegel Auction Galleries, marking the first time the rare stamp has been on auction since 1998. </p> <p>Experts from the New York auction house say it could fetch $6 million to $7.5 million (AUD), which would make it the single most expensive US stamp ever sold.</p> <p>The reason for the extraordinary price comes down to the fact that out of the two known Z-grill stamp copies, the one up for auction is the only copy available for private purchase by collectors, while other historic copy is held at the New York Public Library.</p> <p>The Z-grill is unique due to its signature embossed paper, which was introduced to the US postal service after the Civil War to prevent stamps from being reused. </p> <p>Since 2005, the coveted stamp has belonged to billionaire investor and “bond king” Bill Gross.</p> <p>“It’s considered the trophy of collecting United States stamps,” said Charles Shreve, who has managed and built Gross’ extensive stamp collection for years and serves as director of international auctions at Robert A. Siegel Auction Galleries.</p> <p>“There’s only one. If you want to brag, that’s the stamp.”</p> <p>Mr Gross' entire collection is estimated to be worth $22.6 million to $30 million AUD. The top 100 stamps from the collection will be auctioned off on June 14th, while the remaining stamps will be sold on June 15th.</p> <p>“There’s multiple stamps that’ll bring $500,000 or $750,000 (USD) but the (one-cent) Z-grill is the star of the show,” Shreve said.</p> <p>“I just know some people who are lusting for it, and we want to try to get as many people interested in it as possible.”</p> <p><em>Image credits: Robert A. Siegel Auction Galleries</em></p>

Money & Banking

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Tiny ancient Christmas tree sells for thousands

<p>One of the world's first mass-produced Christmas trees has sold at auction for a whopping 56 times higher than its original purchase price. </p> <p>The tree was first bought in 1920 for just six pence, and was snapped up at the auction in England by an anonymous buyer for £3,400, or $6,433 AUD. </p> <p>The tree was described by the auctioneer as “the humblest Christmas tree in the world”, measuring just 79cm in height, boasting 25 branches, 12 berries and six mini candle holders.</p> <p>The tree sits in a small, red-painted wooden base with a simple decorative emblem.</p> <p>The Christmas tree was first bought by the family of eight-year-old Dorothy Grant in 1920, with Dorothy using it as her tree until she passed away at the age of 101. </p> <p>The tree is believed to have been bought from Woolworths, with Grant decorating the tree as a child with cotton wool to mimic snow, given that baubles were considered a luxury at the time.</p> <p>After Grant's passing in 2014, the charming tree was passed down to her daughter Shirley Hall, who was "parting with the tree now to honour her mother's memory and to ensure it survives as a humble reminder of 1920s life". </p> <p>It was expected to sell for between £60 and £80 (between $110 and $150 AUD) but was bought for the astonishing price of £3,411 when it went under the hammer at Hansons auctioneers on Friday.</p> <p>Charles Hanson, the owner of Hansons and a regular guest on the BBC’s <em>Bargain Hunt</em> said, “This is one of the earliest Christmas trees of its type we have seen. The humblest Christmas tree in the world has a new home and we’re delighted for both buyer and seller … I think it’s down to the power of nostalgia. Dorothy’s story resonated with people.”</p> <p>He added, “As simple as it was, Dorothy loved that tree. It became a staple part of family celebrations for decades. The fact that it brought such joy to Dorothy is humbling in itself. It reminds us that extravagance and excess are not required to capture the spirit of Christmas. For Dorothy it was enough to have a tree."</p> <p>“Some of the first artificial Christmas trees utilised machinery which had been designed to manufacture toilet brushes. The waste-not, want-not generations of old are still teaching us an important lesson about valuing the simple things and not replacing objects just for the sake of it."</p> <p><em>Image credits: Hansons Auctioneers</em></p>

Money & Banking

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Eye-watering price tag for "remarkable" first class Titanic menu

<p>A first class dinner menu from the Titanic has been found and sold at an auction in England for £84,000 (around $162,000 AUD) on November 11. </p> <p>The water-stained menu was dated April 11, 1912 just three days before the ship hit an iceberg, ultimately meeting it's ill-fated end causing over 1500 deaths. </p> <p>Wealthy passengers at the time were spoiled with choice, with oysters, salmon, beef, squab (baby pigeon), spring lamb among other dishes on the menu, and that's not including dessert. </p> <p>Auctioneers Henry Aldridge &amp; Son said it was unclear how the menu made it off the ship intact, but the slight water damage suggests that it was recovered from the body of a victim. </p> <p>The rare artefact, which is over 111 years old belonged to amateur historian Len Stephenson, from Nova Scotia, Canada, who passed away in 2017. </p> <p>No one knew he had it, including his family, who only discovered it after going through his belongings following his death. </p> <p>“About six months ago his daughter and his son-in-law, Allen, felt the time was right to go through his belongings,” auctioneer Andrew Aldridge said. </p> <p>“As they did they found this menu in an old photo album.</p> <p>“Len was a very well thought-of historian in Nova Scotia which has strong connections with the Titanic. The body recovery ships were from Nova Scotia and so all the victims were taken back there.</p> <p>“Sadly, Len has taken the secret of how he acquired this menu to the grave with him.”</p> <p>Stephenson worked at a post office and would talk to people, collect old pictures and write letters for them, which might be how he got the rare artefact. </p> <p>According to the auctioneer, no other first class dinner menus dated April 11, 1912 have been recovered from the titanic making this “a remarkable survivor from the most famous Ocean liner of all time”.</p> <p>“There are a handful of April 14 menus in existence but you just don’t see menus from April 11. Most of them would have gone down with the ship,” Aldridge said. </p> <p>“Whereas with April 14 menus, passengers would have still had them in their coat and jacket pockets from earlier on that fateful night and still had them when they were taken off the ship," he added. </p> <p>A few other items recovered from the Titanic were also sold, including a Swiss-made pocket watch recovered from passenger Sinai Kantor which fetched £97,000 (around $187,000 AUD). </p> <p>A tartan-patterned deck blanket, which was likely used during the rescue operation also sold for £96,000 (around $185,000). </p> <p><em>Images: Henry Aldridge &amp; Son of Devizes, Wiltshire</em></p>

Cruising

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Princess Di's black sheep jumper sells for 14 times over asking price

<p>Princess Diana's famous "black sheep" jumper has sold at auction for more than $1.1million.   </p> <p>The iconic red and white (and one tiny bit of black, of course!) jumper fetched precisely $1,143,000 at Sotheby's in New York - making it the most expensive piece of clothing owned by the former Princess of Wales to sell at auction, as well as the most expensive jumper to ever be sold at auction. </p> <p>There were a total of 44 bids within the final 15 minutes of a two-week online bidding process for the famous item of clothing - during which the bidding leapt from $190,000 to $1,143,000, which ultimately pushed the sale to a staggering 14 times over the initial asking price of $80,000.  </p> <p>The woollen jumper was worn by Lady Di to a polo match in Windsor in June 1981, just one month before she married the then-Prince Charles. </p> <p>Soon after Diana wore the garment, it was returned to Sally Muir and Joanna Osborne, founders of the label Warm &amp; Wonderful because of a tear at the cuff.</p> <p>It was sent back to the designers along with a note from Buckingham Palace, requesting that the jumper be either repaired or replaced.</p> <p>A new jumper was knitted for Diana, with Osborne believing the original garment had been lost after the replacement was sent to the Princess of Wales, which she wore to another polo match in 1983. </p> <p>However, Osborne later discovered the jumper, which had been preserved underneath an old cotton bedspread, while searching her attic looking for an old pattern. </p> <p>She got in touch with Sotheby's auction house which gave the garment an auction estimate of around $80,000 - $120,000.</p> <p>Speaking to <em>The Telegraph UK</em>, Osborne said, "We didn't think we had any of the original sheep jumpers, because at the time, we were so desperate to complete orders that we never owned one ourselves, so I couldn't believe I'd found the original Diana sheep jumper."</p> <p>"It took a while to sink in. And we're so lucky it's not fallen to pieces."</p> <p>Sotheby's said of the now-iconic design, "The Black Sheep sweater is one of the most iconic pieces worn by Princess Diana to ever come to market."</p> <p>"The cultural impact of this moment from the 1980s is exemplified by the head of Rowing Blazers, Jack Carlson, who in 2020, requested to partner with the original designers and license the sheep design to be reproduced for his own fashion line."</p> <p>"Since stumbling upon the sweater ... we have been reliving the fond memories of Princess Diana appearing on the front pages of every newspaper in 1981, wearing our very own sweater.  </p> <p>"While we are forever indebted to her for the impact this had on our business, our deepest appreciation lies in the knowledge that she shared a unique connection to the black sheep design. We are thrilled that this cherished sweater has now found a new home, carrying with it the enduring legacy of Princess Diana."</p> <p><em>Images: Getty</em></p>

Beauty & Style

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Princess Diana's dresses fetch an eye-watering sum at auction

<p>Three dresses worn by Princess Diana have sold for $2.5 million (AUD) at an auction in Beverly Hills, California. </p> <p>The gowns were sold in a <em>Legends: Hollywood And Royalty</em> sale, by Julien's Auctions and featured over 1,400 items to celebrate 100 years of Warner Bros. </p> <p>All three dresses sold for six-figures, with one selling for almost triple it's estimated price. </p> <p>Martin Nolan, the executive director, said the record-breaking sale of Diana's dresses "exceeded all expectations".</p> <p>Princess Diana's black and jade gown was the most expensive item, selling for $895,580. </p> <p>The dress was made by Catherine Walker - her personal designer for over 16 years - which she wore to a gala event in Toronto, Canada, in October 1991. </p> <p>The second most expensive dress sold was a red silk dress made by Bruce Oldfield, which she wore to the premiere of<em> Hot Shots</em> at the Odeon Leicester Square the following month. </p> <p>The Oldfield dress fetched a stunning $895,547 - which was almost triple it's estimated  $312,000 price tag.</p> <p>The final dress was a custom-made black velvet and ivory gown Diana wore to a private function, which was also designed by Walker, and fetched $796,070. </p> <p>The original price of the velvet and ivory gown was estimated to be around $93,000 - $125,000. </p> <p>The three dresses have not been seen in public for over 30 years, according to the auction house.</p> <p>They were originally bought by American businesswoman Ellen Petho, who bought five of Princess Diana's dresses for $234,000 at an auction in New York. </p> <p>Petho, who passed away in January aged 82, ended up only keeping three of the dresses, which her husband has now sold to help raise money for a scholarship fund for mature art and design students in memory of his wife.</p> <p>Petho's daughter Karrie, told the <em>Mail</em>:  "Our mother read the inscription inside [the auction catalogue] about Prince William telling his mother that the dresses should not sit in her closet, that they should be out in the world and doing good. I think that's what inspired her."</p> <p><em>Image: Brian Lawless/PA Images via Getty Images</em></p>

Beauty & Style

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Princess Diana's iconic jumper to be sold at auction

<p>The iconic black sheep jumper worn by the late Princess Diana is going to auction. </p> <p>The woollen jumper was worn by Lady Di to a polo match in Windsor in June 1981, just one month before she married Prince Charles. </p> <p>Soon after Diana wore the garment to the polo match, it was returned to Sally Muir and Joanna Osborne, founders of the label Warm &amp; Wonderful because of a tear at the cuff.</p> <p>It was sent back to the designers along with a note from Buckingham Palace, requesting that the jumper be either repaired or replaced.</p> <p>A new jumper was knitted for Diana, with Joanna Osborne believing the original garment has been lost after the replacement was sent to the Princess of Wales, which she wore to another polo match in 1983. </p> <p>However, earlier this year Osborne discovered the jumper, which has been preserved underneath an old cotton bedspread, while searching her attic looking for an old pattern. </p> <p>She got in touch with Sotheby's auction house which has since given the garment an auction estimate of £50,000-£70,000 (approx. $95,000 - $133,000 AUD).</p> <p>It will be auctioned online between August 31st and September 14th.</p> <p>Speaking to <em><a title="The Telegraph" href="https://www.telegraph.co.uk/fashion/royals/you-can-now-buy-princess-dianas-original-sheep-jumper/" target="_blank" rel="noopener">The Telegraph</a> UK</em>, Osborne said, "We didn't think we had any of the original sheep jumpers, because at the time, we were so desperate to complete orders that we never owned one ourselves, so I couldn't believe I'd found the original Diana sheep jumper."</p> <p>"It took a while to sink in. And we're so lucky it's not fallen to pieces."</p> <p>Sotheby's said of the now-iconic design, "The Black Sheep sweater is one of the most iconic pieces worn by Princess Diana to ever come to market."</p> <p>"The cultural impact of this moment from the 1980s is exemplified by the head of Rowing Blazers, Jack Carlson, who in 2020, requested to partner with the original designers and license the sheep design to be reproduced for his own fashion line."</p> <p>"The business partners reported an outstanding response from consumers, emphasizing the immortality of Diana's taste and her influence on popular culture."</p> <p><em>Image credits: Getty Images</em></p>

Money & Banking

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John Travolta’s iconic suit snatches a sweaty sum at auction

<p>John Travolta’s sweat stains have hit the market, snagging a staggering sum, alongside the iconic <em>Saturday Night Fever</em> white three-piece suit.</p> <p>The look rose to international fame when Travolta - as Tony Manero - took to the dancefloor in the 1977 classic, joining Stephanie Mangano for an intense disco dance competition. </p> <p>But it was the film’s promotional imagery that truly immortalised the suit - despite popular, yet incorrect, belief that Travolta had flaunted it during his solo ‘Night Fever’ dance. In posters - as well as on VCR, DVD, and CD covers - Travolta can be seen with his right arm in the air, on a dancefloor, white polyester front and centre. </p> <p>As Costume designer Patrizia von Brandenstein explained to the <em>New York Post</em>, they were looking for “a white, three-piece suit: dressy, inexpensive and polyester. There was a producer who thought a black suit would be more elegant. But heroes wear white; it’s as simple as that. </p> <p>“The pastel suits were nice and pretty, but John’s character is very much a hero. Plus, it needed to be something that a boy who works in a paint store would be able to afford. I think the suit sold for $150 or $200.”</p> <p>Initially purchased off the rack in Brooklyn for $100, the jacket - with matching waistcoat, flared trousers, black shirt, and Travolta’s 45-year-old sweat stains - was expected to fetch up to $250,000 USD (~$374,000 AUD) when it went under the hammer at Los Angeles’ Julien’s Auctions.</p> <p>Despite its distinct lack of a thorough cleaning, the suit did find a new home, with a buyer dishing out a total of approximately $388,692 AUD to call it their own.</p> <p>As a spokesperson for the auction house explained, “This suit is considered to be one of the most iconic costumes in cinema history. It is one of only two known to exist that was used during production. It has never been exhibited or sold at auction before.</p> <p>“It has become emblematic of not only the film but of the whole disco era.”</p> <p>The suit in question was actually one of a few purchased by the film’s costume designer - two were used on set, rotated in and out while the other dried, and another was used for promotional material - and was given to Julien’s Auctions by an anonymous collector who had received it from <em>Saturday Night Fever</em>’s director, John Badham in 1991. </p> <p>As for why the iconic outfit was being sold in its unique condition, the executive director of Julien’s Auctions had a simple explanation. </p> <p>“The sweat is how you know it’s authentic,” Martin J Nolan told <em>The Guardian</em>.</p> <p>“It was incredibly hot during filming, so you can still see the sweat marks around his waist. We never wash memorabilia. People want the stains, the DNA, particularly when a suit like this one hasn’t been auctioned before.”</p> <p><em>Images: Getty</em></p>

Movies

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Neglected pre-war car up for sale after miracle restoration

<p>A 1939 MG VA, initially purchased as a stripped bare shell of itself, is heading for auction.</p> <p>When the pre-war vehicle sold for only a few hundred dollars, it wasn’t asking for much - most likely because it wasn’t offering a whole lot either. Missing entire doors and rusting in more than one place, the car left a lot to be desired. </p> <p>Its original owner had tucked it away in the garage after the MG failed an MOT in 1969 - an annual test in the United Kingdom to verify a vehicle’s safety. Although they’d intended to restore it, those plans never came to fruition, with the car learning a hard lesson in dust bunnies instead. </p> <p>45 years later, it finally got the chance to see the light of day again, with its next owner snatching it up from a family friend at a ‘bargain’ price. And to everyone’s delight, the vehicle finally got the makeover it had been waiting almost half a century for. </p> <p>The owner - who has requested anonymity - even performed the bulk of the work by themself, although they left the engine overhaul and respray to the professionals.</p> <p>The hard work produced some spectacular results, and with the car now rolling into auction with an asking price of ~$18,500-$22,2000, its next owner is sure to enjoy all that it has to offer. </p> <p>When the line of MG VAs left production, they sold for up to $650 (or roughly $35,000 in 2023), and only 2,400 of them were ever made. </p> <p>The vehicles were produced alongside the larger SA and WA models, with their smallest-in-the-range 108-inch wheelbases distinguishing them from their counterparts. The VA model was only produced for two years, before the Second World War saw production come to a screeching halt. </p> <p>The MG company itself had been founded in the 1920s, and was renowned for its range of two-seater sports cars. After years of ownership changes, and after it was absorbed into the British Leyland group, the firm - which at that point was known as MG Rover - faced financial difficulty in the early 200s, and by 2005 was forced into receivership. </p> <p>However, the group was then purchased by Nanjing Automobile Group, and resumed its production of vehicles in 2007. In 2011, the MG6 appeared in the market, establishing itself as the first UK model in 16 years.</p> <p>And as for the 1939 VA model heading to auction with Charterhouse, Richard Bromell - who is handling the sale - had one just one thing to note, “to say the MG was bought as a project makes it sound much better than it was as it was in a very sorry state indeed</p> <p>“Thankfully the owner was more than handy with a spanner and undertook a complete restoration of the MG.”</p> <p><em>Images: Charterhouse Auctioneers & Valuers </em></p>

Money & Banking

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Steve McQueen’s Ferrari heads to auction

<p>Steve McQueen’s Ferrari 275 GTB/4 is set for auction in California in late 2023, almost 10 years on from its previous sale at ~$14.9 m NZD (~$19.3 NZD in today’s economy). </p> <p>The vehicle, listed by RM Sotheby’s, found its first ever owner in the American actor, and was one of only 330 examples created between 196 and 1968 with bodywork by Scaglietti. </p> <p>And while McQueen had previously owned the car’s convertible version - the N.A.R.T Spider - an accident saw him purchase the coupe from Hollywood Sport Cars’ Chic Vandagriff. </p> <p>When McQueen received the car, it was actually coated in a Nacciola golden metallic paint, but was soon transformed into its iconic red self asking a request from McQueen to his mechanic, Lee Brown. Brown had also worked on the Ford Mustang from McQueen’s Bullitt, and with this job, created the colour known as ‘Chianti Red’. </p> <p>The paint job wasn’t the only custom work that the Ferrari saw, with parts from the N.A.R.T Spider transferred across - including its Borrani wire wheels and its bespoke wing mirror. </p> <p>None of it, however, was enough for the actor to keep the car, with McQueen selling it on to fellow screen star Guy Williams in 1971.</p> <p>From there until 2009, it encountered a number of new owners, before it arrived in the United Kingdom and crossed paths - as a silver vehicle - with retired Australian Formula One driver 1983 24 Hours of Le Mans winner Vern Schuppan. </p> <p>Schuppan had a vision in mind from the moment of the sale, intending to restore the Ferrari to how it had been in the hands of McQueen. It was a big task, and Schuppan had to call in help, even sending the car to Ferrari for restorations. </p> <p>In the hands of the company and its in-house restoration program, the car underwent another painting session - first to its original Nocciola, before it was sprayed back to its Chianti Red roots with a little help from a swatch from Lee Brown.</p> <p>Back in prime condition, the Ferrari made its way to Italy’s Museo Ferrari and then California’s Petersen Automotive Museum, before Schuppan made the decision to sell - also with RM Sotheby’s - in 2014.</p> <p>And while it sold then for a staggering ~$14.9m, an estimate is unavailable for the car’s - likely astronomical - 2023 selling price.</p> <p><em>Images: RM Sotheby’s </em></p>

Money & Banking

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Painting by four-legged Van Gogh sells for five figures

<p dir="ltr">A very good boy named Van Gogh has raised a hefty sum of money for a good cause. </p> <p dir="ltr">The one-eared four-legged artist has used his extraordinary talents to create his own rendition of his namesake’s masterpiece <em>Starry Night</em>. </p> <p dir="ltr">At an online benefit auction for the <a href="https://www.happilyfureverafter.org/">Happily Furever After Rescue</a> in Connecticut, USA, pet food company Pedigree paid $10,000 for the artwork. </p> <p dir="ltr">The rescue home was the one that found Van Gogh his new forever home, after sharing his artistic talents online. </p> <p dir="ltr">All the proceeds of Van Gogh the dog’s auction will benefit the rescue efforts of Happily Furever After, which specialises in rehoming dogs like pit bulls, who can sometimes have a hard time finding homes.</p> <p dir="ltr">The paintings in the current auction, titled “<em>Van Gogh Reimagined</em>,” are all based on compositions by the original Van Gogh.</p> <p dir="ltr">However, unlike a painting by the Dutch master, the dog’s art starts the bidding at just $25 a piece.</p> <p dir="ltr">“Having Van Gogh create some of history’s most famous paintings felt like big shoes to fill,” founder Jaclyn Gartner told <a href="https://news.artnet.com/market/van-gogh-rescue-dog-charity-auction-2264707">Artnet News</a>. </p> <p dir="ltr">“There was a lot more attention to detail this time around to make sure to incorporate all the colours and try to recreate the pieces as closely as possible.”</p> <p dir="ltr">Since finding his new home, Van Gogh has created more than 150 new works of art. </p> <p dir="ltr">To make each masterpiece, a person applies blobs of colours of paint to a canvas placed inside a plastic bag. </p> <p dir="ltr">The talented dog then completes the artwork by licking off a coating of peanut butter or other dog-friendly treats from the outside of the bag, making the artwork inside. </p> <p dir="ltr">“The most exciting part about Van Gogh painting is never really knowing what it’s going to come out to look like as it depends on how his tongue slides across the peanut butter coated bag,” Gartner said.</p> <p dir="ltr">“Since we did the art gallery in October, Van Gogh has explored more tasty toppings,” she added. </p> <p dir="ltr">“We have begun incorporating other things like ground up liverwurst, pumpkin puree, and goat whip. Painting has become an even more delicious hobby for Van Gogh!“</p> <p dir="ltr"><em>Image credits: Happily Furever After Rescue</em></p>

Art

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Former Gatsby-esque home of Peta Toppano hits the market

<p dir="ltr">The luxe mansion and former home of Aussie TV star Peta Toppano is set to sell at auction in November with an eye-watering price guide of $6 million ($NZD 6.6 million).</p> <p dir="ltr">Nestled in Pymble, on Sydney’s north shore, The Knoll is one of the oldest homes in the area, having been built in 1906.</p> <p dir="ltr">Toppano, known for her roles in <em>The Young Doctors</em> and <em>Home and Away</em>, lived in The Knoll with her family, including her parents, cabaret artist Enzo Toppano and soprano Peggy Mortimer, in the 1970s.</p> <p dir="ltr">Toppano even tied the knot at the home with Prisoner co-star Barry Quin in 1979.</p> <p dir="ltr">The 1684-square-metre property boasts plenty of Federation charm, with soaring three-metre ceilings and timber flooring throughout, a stone-wrapped kitchen, a family room with the original fireplace,and the original maids quarters with a separate staircase leading to the five bedrooms on the second floor.</p> <p dir="ltr">Outside, the property features large terraces, as well as a pool and a sauna underneath it, and a separate room behind the double carport that could serve as a studio, teenager’s retreat.</p> <p dir="ltr">The Knoll was part of the Pymble Station Estate, a subdivision of orchards between 1893 and 1910, and maintains some of the original features, including its circular driveway, sandstone foundations, the maids quarters and the wine cellar.</p> <p dir="ltr">Jessica Liu, one of the two agents at Marshall Chan Yahl real estate group that is managing the sale, said that the residence’s rich history has been imbued with contemporary comforts, such as a modern kitchen, saltwater pool, and new designer lights.</p> <p dir="ltr"><a href="https://www.realestate.com.au/property-house-nsw-pymble-140679755" target="_blank" rel="noopener">The home</a> is scheduled for auction on November 19 with a price guide of $6 million, having last been sold in 2015 for $3.375 million ($NZD 3.73 million).</p> <p><span id="docs-internal-guid-1afe82f5-7fff-0f33-360f-8559f7534aca"></span></p> <p dir="ltr"><em>Images: Twitter, Marshall Chan Yahl Real Estate Group</em></p>

Real Estate

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Woman got so drunk she forgot she bought a house

<p dir="ltr">A UK woman’s recent purchase of a home came as a surprise, after she confessed she was so drunk when she placed a bid that she forgot about it.</p> <p dir="ltr">Luana Ribeira, 40, told the <em><a href="https://www.dailystar.co.uk/news/latest-news/woman-drunk-work-forgot-bidding-28046594" target="_blank" rel="noopener">Daily Star</a></em> that she had gone with a friend to see the house, which was up for auction, before her surprisingly rambunctious night.</p> <p dir="ltr">“I went to see a house with a friend as it was on auction, but my friend didn’t want it as it was in a rough area,” she explained.</p> <p dir="ltr">“I liked the property and thought it could be really lovely and a good investment.</p> <p dir="ltr">“So, I went to the nightclub where I worked, stayed afterwards and got very drunk.”</p> <p dir="ltr">After finishing her night shift, the founder of Dauntless PR remembered how “one drink turned to two”, which then turned into drinking games before the rest became a blur.</p> <p dir="ltr">The next day, her then-boyfriend informed her that she got home at 8.30am, insisted on calling the real estate agent, putting an offer on the house and going to bed.</p> <p dir="ltr">“I woke up hungover and my boyfriend at the time was very annoyed, and was giving me the silent treatment,” she recalled.</p> <p dir="ltr">She was then informed that her offer of £20,000 ($NZ 37,000) was successful.</p> <p dir="ltr">Though it may have been made under unusual circumstances, Ms Ribeira’s decision to place a bid proved to be fruitful.</p> <p dir="ltr">After 12 months, she sold the home for double what she paid and used it to purchase another.</p> <p dir="ltr">Ms Ribeira then made £20,000 on the second home, going on to earn another £20,000 on a third, and using her earnings to start a new life and business in Portugal.</p> <p><span id="docs-internal-guid-57ea2072-7fff-99ce-e0d1-5d668ee1ddf1"></span></p> <p dir="ltr"><em>Image: @launadauntlesspr (Instagram)</em></p>

Real Estate

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Incredible collection of 200 "lost" Elvis Presley items up for auction

<p dir="ltr">A stunning collection of lost jewellery and other memorabilia and items that Elvis Presley gave to his manager, Colonel Tom Parker, is going up for auction on August 27 with the backing of his ex-wife, Priscilla.</p> <p dir="ltr">Up to 200 items, including gold rings encrusted with jewels, cufflinks, watches and chains, have been brought together by GWS Auction. Also included is the V-2 guitar played by Presley during his famous 'comeback' TV special of 1968, which alone is listed at US$750,000.</p> <p dir="ltr">Presley's 9.81 carat-to-weight Diamond 'First' TCB ring – where "TCB" stands for "taking care of business"' a favourite expression of the music legend – is also listed for a minimal bid of US$500,000.</p> <p dir="ltr">His 18 karat lion ring, which Elvis wore in the documentary 'Elvis: That's The Way it Is' is for sale too for a minimal bid of US$25,000. Other accessories, including watches, rings and necklaces, are mostly listed between US$1,000 to US$10,000 per item.</p> <p dir="ltr">The King's “Heartbreak Hotel” original lyrics board is also for sale for a minimal bid of US$50,000.</p> <p dir="ltr">Other items in the auction include: The King's "Speedway" Racing Jumpsuit, listed for a minimal amount of US$20,000; his 1976 Harley Davidson FLH 1200 Electra Glide for US$100,000; his 1973 Lincoln Continental 'Last' Limo for an amount of US$50,000; and his personally owned jet purchased for his father, listed at US$100,000.</p> <p dir="ltr">Many of the jewellery pieces were provided by Priscilla, although she doesn't own them. The lost collection's total estimated value, as well as its current owner's identity, remain unknown and it is also unclear how the items were found.</p> <p dir="ltr">Priscilla has also said she felt protective of the items because she designed some of them herself, including artefacts with the logo for TCB Band, the musicians who formed the core rhythm section of Presley's backing band in his later years.</p> <p dir="ltr">She also said she supported the auction in part because she was weary of seeing so many fake Elvis items for sale online.</p> <p dir="ltr">“There is so much product out there that is not authentic at all and that worries me,” she said.</p> <p dir="ltr">“I want to know for sure that that is going to go to someone who is going to care for it, love it.”</p> <p dir="ltr">The auction will be held in Los Angeles, California, at the Sunset Marquis Hotel starting at 10 pm on August 27.</p> <p dir="ltr"><em>Image: Kruse GWS Auctions</em></p>

Money & Banking

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Elvis Presley's childhood home heads to auction

<p dir="ltr">The childhood home of Elvis Presley has been listed for auction - but the once-abandoned little blue house will be sold in an unusual way.</p> <p dir="ltr">Located in Tupelo, Mississippi, the dilapidated structure was home to the King of Rock'n'Roll and his parents, Vernon and Gladys Presley, from 1943 to 1944.</p> <p dir="ltr">According to the <em><a href="https://nypost.com/2022/06/28/elvis-presleys-abandoned-childhood-home-goes-up-for-auction/" target="_blank" rel="noopener">New York Post</a></em>, the home will be auctioned off on August 14 as part of week-long celebrations of Elvis Week 2022 in Memphis.</p> <p dir="ltr">However, the home has been listed by Rockhurst Auctions with an estimated price of $US 30,000-50,000 ($NZD 48-80,000) and doesn't come with any land.</p> <p dir="ltr">Instead, the house comes completely disassembled, ready to be taken to a new location. </p> <p dir="ltr">“The house itself has been dismantled and taken apart meticulously, so it can be put back together. It is being stored in a trailer,” Jeff Marren, owner of Rockhurst Auctions, explained to The Post.</p> <p dir="ltr">“So when someone buys the house, they’re going to get the whole trailer and the designs for putting back together.</p> <p dir="ltr">“Whoever buys it can actually hire the person who took it apart to put it back together for them.”</p> <p dir="ltr">When the home is put back together again, it's a simple three-bedroom, one-bathroom home with just 117 square metres of living space - a polar opposite to the sprawling Graceland, Presley's final home.</p> <p><span id="docs-internal-guid-21febfaa-7fff-4120-83da-27422b1de263"></span></p> <p dir="ltr"><em>Images: Domain.com.au</em></p>

Real Estate

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Woman buys her childhood home at auction

<p dir="ltr">A young homebuyer has had an emotional win at auction, as she bought the home she grew up in. </p> <p dir="ltr">The auction was held at the home on election day in the Adelaide suburb of Para Vista, with Ray White’s chief auctioneer John Morris calling the sale a heartwarming result for the young woman. </p> <p dir="ltr">“Gemma was taken home to this house when she was born, and has now bought it back from the owners who her family sold it to in 2014,” Mr Morris said.</p> <p dir="ltr">“As you can imagine, it is a very special sale for her and her partner who was watching on Facetime,” he said.</p> <p dir="ltr">Gemma, 28, was the only bidder and bought the house for $460,000. </p> <p dir="ltr">Despite the emotional connection, Gemma said her childhood home was not originally on her radar when she started searching for a home. </p> <p dir="ltr">“My partner and I already have another house and we had been looking for another property as an investment,” she said.</p> <p dir="ltr">“As we were searching online, the house came up and I was surprised to see it listed for sale.”</p> <p dir="ltr">“We quickly spoke to our bank and decided to go for it.”</p> <p dir="ltr">“As my partner works away we weren’t able to come for the inspections, so I decided to go to the auction nevertheless.”</p> <p dir="ltr">“It was crazy. My parents were there too and it was a super emotional day for all of us.”</p> <p dir="ltr">Gemma lived in the house from 1994 to 2012, where she said she holds many fond childhood memories. </p> <p dir="ltr">“At the moment, I am not looking to move in. We want to do it up and see how it goes,” she said.</p> <p dir="ltr"><em>Image credits: realestate.com.au</em></p>

Real Estate

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Warhol’s bullet-riddled Marilyn Monroe sets new record

<p dir="ltr">Andy Warhol’s iconic 1964 portrait of Marilyn Monroe has sold at a New York auction house for a record-setting $195 million. </p> <p dir="ltr">The sale of the painting, called <em>Shot Sage Blue Marilyn</em>, is now the most expensive work by a 20th-century artist ever to be sold at auction.</p> <p dir="ltr">The image depicts a press photo from Monroe’s 1953 film <em>Niagara</em> in Warhol’s signature “pop-art” style, with the image being repeatedly used by the artist in his work until his death in 1987. </p> <p dir="ltr">It derives from his <em>Shot Marilyn</em> portrait series, which Warhol produced after an incident at his downtown studio when he prompted a collaborator, Dorothy Podber, to shoot into a stack of canvases.</p> <p dir="ltr">The result for this 1964 work almost doubled the artist's previous auction record of $105.4 million, which was set in 2013 when his 1963 canvas <em>Silver Car Crash</em> (<em>Double Disaster</em>) sold at Sotheby’s.</p> <p dir="ltr">With the sale, Christie’s auction house also rode a double-pronged pop culture wave of renewed interest in both Warhol and Monroe.</p> <p dir="ltr">Streaming giant Netflix has released separate documentary series on both the actress and the artist, with both icons making a resurgence in the pop culture zeitgeist. </p> <p dir="ltr">Not only did <em>Shot Sage Blue Marilyn</em> bring a new artist record for Warhol, it has also become one of the most expensive works of art ever to sold at auction, surpassing Pablo Picasso’s <em>Les Femmes d’Alger </em>(“<em>Version O</em>”) as the second high-selling work to hit the auction block. </p> <p dir="ltr">That painting sold at Christie’s for $179 million in 2015, with the most expensive work to ever sell at auction being Leonardo da Vinci’s <em>Salvator Mundi</em> which sold for $450 million.</p> <p dir="ltr"><em>Image credits: Getty Images</em></p>

Art

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Aussie artists launch global movement to help Ukraine

<p dir="ltr">A group of Australian artists have banded together to help Ukrainian refugees through a global art auction. </p> <p dir="ltr">For one artist, the cause hits close to home. </p> <p dir="ltr">Olena Vigovska, who immigrated to Australia 26 years ago, has witnessed the devastation facing her home country from afar as the war has unfolded. </p> <p dir="ltr">Her brother, reserve officer Andrei Vigovsky, has been fighting for his country in the city of Kharkiv since the war began, spending each night taking shelter in a subway station underground.</p> <p dir="ltr">For Olena, she wanted to find a way to help those facing brutality at the hands of the Russian invasion. </p> <p dir="ltr">"It's a feeling like, 'What are you going to do?'" she told <a href="https://www.abc.net.au/news/2022-04-20/sydney-based-ukrainian-australian-artists-auction-for-refugees/101001584">ABC’s 7.30</a>.</p> <p dir="ltr">"It's unbelievable. I'm still pinching myself every morning."</p> <p dir="ltr">In the second week of the war, Olena and three other Ukrainian Australian artists began putting together an auction to raise money for refugees in their home country. </p> <p dir="ltr">"We jumped on that project with pleasure," she said.</p> <p dir="ltr">"I feel much better now. I can use my skills to raise money and show the world how art can be so important and helpful in wartime."</p> <p dir="ltr">The proceeds from the auction will go to <a href="https://habitat.org.au/">Habitat for Humanity</a>, who help house refugees and give them a second chance at life without the threat of danger. </p> <p dir="ltr">"It will be a lot of work to rebuild Ukraine," she said.</p> <p dir="ltr">"It's just awful to see. I hope we will be able to make a difference."</p> <p dir="ltr">The project's organiser, Tetiana Koldunenko, told the current affairs program that the stress of the war had taken a huge toll on her and her family: many of whom live in Ukraine.</p> <p dir="ltr">She said focusing her energy on creating art for the auction revived her and gave her some hope for the future.</p> <p dir="ltr">"I'm absolutely sure that Ukraine will be beautiful. It will have a beautiful future."</p> <p dir="ltr"><em>Image credits: ABC News - 7.30 footage</em></p>

Art

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Peter Brock's childhood home sells at auction

<p>The childhood home of the late racing legend Peter Brock has sold at auction for $893,000.</p> <p>The three-bedroom weatherboard home in the Victorian suburb of Hurstbridge, 28km north-east of Melbourne, exceeded its price guide of $750,000 to $820,000.</p> <p>As three bidders battled for the property, a local couple won the bid, as Ciaran Brannigan, director of Morrison Kleeman Estate Agents, told <a href="https://www.realestate.com.au/news/racing-champ-peter-brocks-childhood-home-comedian-shane-bournes-house-sells/" target="_blank" rel="nofollow noreferrer noopener">realestate.com.au</a>.</p> <p>The home was last on the market in 2006 when it was sold for just $337,000, decades after it belonged to the Brock family.</p> <p>Mr Brannigan said, "Definitely almost everybody mentioned it [the connection to Brock] but I don't think anyone was bidding because of that."</p> <p>The red-roofed cottage has bee renovated over the years, with both the kitchen and bathrooms being updated to a modern aesthetic. </p> <p>Features of the unique home include a large paved alfresco area ideal for outdoor entertaining, a free-standing studio and a sunny lounge area with a log-burning fireplace.</p> <p>Despite the up to date renovations, old-style charm has been maintained throughout the home with its decorative cornice work and tessellated tiles.</p> <p>Peter Brock first rose to fame in the 1970s when he won the six-hour endurance race for production cars at Mount Panorama Bathurst nine times between 1972 and 1987.</p> <p>He was soon dubbed King of the Mountain and maintained a high profile both as a competitor and commentator on Australian and New Zealand television.</p> <p>The Bathurst 1000 trophy was renamed the Peter Brock trophy one month after his death in 2006. </p> <p><em>Image credits: Getty Images / realestate.com.au</em></p>

Real Estate

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Here’s why this doghouse will likely sell for hundreds of thousands

<p dir="ltr">A doghouse up for auction could sell for more than $400,000 - the same price as a Brisbane apartment - and it's thanks to one small hole in its tin roof.</p><p dir="ltr">In 2019, a meteorite tore through the sky towards the city of Aguas Zarcas in north central Costa Rica, crash landing in the doghouse while the pooch was still inside.</p><p dir="ltr">The resulting seven-inch hole has made the simple wood and tin structure a highly sought after item, which is now estimated <a href="https://onlineonly.christies.com/s/deep-impact-martian-lunar-other-rare-meteorites/aguas-zarcas-doghouse-4/142783?ldp_breadcrumb=back" target="_blank" rel="noopener">to sell</a> for between $300 and $450,000 at Christie’s “<a href="https://onlineonly.christies.com/s/deep-impact-martian-lunar-other-rare-meteorites/lots/2134" target="_blank" rel="noopener">Deep Impact: Martian, Lunar and other Rare Meteorites</a>”.</p><p dir="ltr">“On April 23, 2019 at 9.07pm, a German Shephard [sic] named Roky experienced quite a fright. A meteorite, part of a shower of exotic stone meteorites loaded with organic compounds, crashed through his doghouse, barely missing him,” Christie’s <a href="https://www.nine.com.au/property/news/doghouse-struck-by-meteorite-400k-dollars-christies-space-auction/ab31a7b3-7fb6-483b-8770-f024f90a0df5" target="_blank" rel="noopener">explains</a>.</p><p dir="ltr">“Aguas Zarcas meteorites are the same type as Murchison, among the most researched meteorites of all time.</p><p><span id="docs-internal-guid-41333ea3-7fff-466c-e226-f7e961f0f6e6"></span></p><p dir="ltr">“These samples not only contain tens of thousands of prebiotics, including amino acids, but also pre-solar grains ranging up to twice the age of the solar system. Today, many cosmochemists throughout the world are either investigating Aguas Zarcas specimens or waiting to obtain them.”</p><p dir="ltr"><img src="https://oversixtydev.blob.core.windows.net/media/2022/02/meteorite-doghouse.jpg" alt="" width="1280" height="720" /></p><p dir="ltr"><em>A meteorite and the kennel it crashed into have both been put up for auction, with the doghouse expected to sell for hundreds of thousands of dollars. Image: Christie’s</em></p><p dir="ltr">With meteorites usually landing in the ocean or ending up buried deep underground in remote areas if they do end up on land, the one that struck Roky’s kennel is incredibly rare.</p><p dir="ltr">Unfortunately, Christie’s explains that the house belonging to Roky’s owners won’t see an increase in value thanks to the meteorite, and that objects are what benefit most.</p><p dir="ltr">“Although the few homes hit by falling meteorites do not become worth much more when struck, that is not the case with other objects,” the site reads.</p><p dir="ltr">The high-end auctioneer is also selling off the <a href="https://onlineonly.christies.com/s/deep-impact-martian-lunar-other-rare-meteorites/aguas-zarcas-cm2-meteorite-doghouse-8/142785" target="_blank" rel="noopener">meteorite</a> itself, which is expected to go for between $60-90,000.</p><p dir="ltr">Though he may be separated from the meteor, Roky is leaving a permanent mark on the space stone.</p><p dir="ltr">“The front face of the meteorite is accented with a sienna-hued streak caused by the meteorite’s passage through the oxidized [sic] tin roof of Roky’s Doghouse.”</p><p dir="ltr">Currently, there are 16 bids on the doghouse and eight on the meteorite, with bidding due to end on February 23.</p><p dir="ltr"><span id="docs-internal-guid-1f0fb625-7fff-68db-e96a-c8ac088d7103"></span></p><p dir="ltr"><em>Image: Christie’s</em></p>

Real Estate