Wednesday, May 13, 2015

$52 Million for a Painting, Billion Dollar Week for Christie's, $30 Million Ruby

It has been a busy and profitable week for auctioneers. Records are being broken, and high prices are being paid. Here is a quick rundown of recent luxury auction activity.

A painting by Lucian Freud sold for $56.2 million at a Christie's auction. The painting was "Benefits Supervisor Resting."

A 25 carat Burmese ruby set in a platinum ring accompanied by diamonds was hammered at $30.3 million at a Sotheby's auction.

An auction house sold more than $1 billion of art in one week for the first time ever. That auction house was Christie's, which sold postwar and contemporary art.

Sunday, March 29, 2015

Will You Be Buying the Gold Apple Watch?

Some people can hardly wait. The new Apple Watch series will be available on April 24, less than a month away. Although the announcement was back on September 9, interest in the release has been steadily growing, especially in the press. And of course, for the billionaire next door, the interest has been in the Apple Watch Edition series.

The Edition collection includes eight styles of the Apple Watch which is made with gold. The watch case utilizes 18-karat gold that is up to twice as hard as regular gold. The display uses polished sapphire crystal.

Choices include yellow gold and rose gold, with various styles of bands. For only $10,000, how can you go wrong?

Check out the video on the watch at the link below:

Saturday, March 14, 2015

Billionaire Plans to Start Mining the Moon for Gold

Billionaire Naveen Jain has set up a company called Moon Express to start a mining operation on the moon. His company, based in Mountain View, California, is in partnership with NASA.

Moon Express plans to send its first robotic spacecraft to the moon next year. The company plans to mine for various minerals including gold, cobalt, iron, palladium, and platinum. The company is the first private business to test a prototype of its lander, which caused it to win Google's $1 million milestone prize.

If the company finds a lot of gold on the moon that it can bring back, will it cause the price of gold to drop?

$60k for a Letter to Coretta Scott King signed by President Johnson

At Quinn's Auction Galleries in Falls Church, Virginia, a letter to Coretta Scott King, widow of civil rights activist Martin Luther King Jr., from President Lyndon B. Johnson, was hammered at $60,000, which was the starting bid. The letter was signed by the President.

The letter was originally given to Harry Belafonte, which gave it to his half sister, Shirley Cooks, who consigned it to the auction. The letter was actually expected to sell for much more.

Tuesday, February 17, 2015

Pay $358 million for a Boeing 747-8 then Have it Tricked Out by Greenpoint

 The Boeing 747-8 is the largest passenger jet made by Boeing.  This 200 foot long jet can be purchased for about $358 million. You can travel in it up to 9,200 miles nonstop.

But to make it really look nice, you can have Greenpoint renovate the interior.  Greenpoint is a  Kirkland, Washington based company that specializes in luxury custom aircraft interiors. The company just completed its first 747-8 interior.

Check out what you could get in your jet

Sunday, February 15, 2015

Buy Warren Buffett's Old Cadillac: Current Bid $72,000

Here is a great collectible for the billionaire out there; but a Cadillac that is currently owned by another billionaire. In this case, a car owned by Warren Buffett, head of Berkshire Hathaway.

His car is being auctioned by ProxyBid, with the proceeds going to the charitable organization Girls Incorporated of Omaha.

This 2006 Cadillac DTS has a V8 engine and little over 20,000 miles on it. In addition, it is autographed by Warren Buffett.

Bidding ends Thursday, February 19, 2015 at 7:01 PM Central Time. The winner can pick up the keys to the car in person from Mr. Buffett. The top bid right now at the time this article was written is $72,000.

Picture courtesy of ProxyBid.

Tuesday, February 10, 2015

Jamal Lewis's Super Bowl Ring Auctioned for Over $50,000

Jamal Lewis received a Super Bowl ring from Baltimore Ravens team owner Steve Bisciotti a couple years ago. However, Lewis declared bankruptcy and sold the ring to a pawn shop.

The ring was recently auctioned by Goldin Auctions, and after spirited bidding, was hammered at $50,820. The ring had 3.75 carats of diamonds and was made with 10 karat gold.

The successful bidder was a Maryland ring collector.

Monday, February 2, 2015

Buy a Lockheed Martin Yacht for Less than $200k

For billionaires looking for bargains, here is an item for you. A Lockheed Martin Experimental Cruiser Yacht called the Sea Slice is now up for sale, according to an article at The price is a very reasonable $180,000.

This 105 foot long vessel is built like a catamaran, with six cabins and twelve births, and can travel at 30 knots. It can hold over 11,000 gallons of fuel.

This great bargain is available in San Diego from Pacific Coast Yachts.

Picture courtesy of Pacific Coast Yachts.

Wednesday, January 28, 2015

Would You Pay $2.5 Million for a Penny?

A 1792 American penny was hammered at more than $2.5 million at a Heritage Auction in Orlando, Florida. It was one of the first penny coins produced in the United States.

The coin, which is only one of ten in existence, is referred to as a "Birch Cent", named after the designer, Robert Birch.

The coin was purchased by Kevin Lipton of Lipton Rare Coins.

$25,000 for Abe Lincoln's Hair

A lock of President Abraham Lincoln's hair was hammered at $25,000 in an auction held in Dallas, Texas.

The hair was cut off of Lincoln's head by the Surgeon General at the time, Joseph Barnes, right after John Wilkes Booth committed the assassination.

The item was consigned by the son of a Fort Worth, Texas consigner. The lucky buyer of the hair was not disclosed.