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    Gloves Lincoln Wore to Ford’s Theater Sell for $1.5 Million at Auction

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    More than 100 relics connected to President Abraham Lincoln brought in $7.9 million, auctioneers said. The proceeds will help a presidential foundation repay a loan.A pair of leather gloves worn by President Abraham Lincoln to Ford’s Theater on the night of his assassination fetched $1.5 million at auction this week, part of a trove of relics from his life and death that a debt-saddled presidential foundation had put on the block.One of two handkerchiefs that Lincoln had with him on that fateful date in American history, April 14, 1865, sold for $826,000, according to Freeman’s | Hindman in Chicago, the auction house that handled Wednesday’s sale.Like the gloves, which a friend of the Lincolns had framed for display on his dining room wall, the handkerchief was described in an auction catalog as having been potentially stained with the president’s blood.And a cufflink-style gold and onyx button with the letter “L” on it, which a doctor removed to check for Lincoln’s pulse as he lay on his deathbed, went for $445,000.The auction of the items from the Lincoln Presidential Foundation, which was conducted in person, online and by phone, raised nearly $7.9 million, the auctioneers said.The total included a 28 percent buyer’s premium, which auction houses tack onto the hammer price to help cover expenses from sales.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      With Guarantees Galore, Christie’s Has a Rocky Start to Auction Week

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      There was little excited bidding on the art collection of the Riggio family, who built their fortune on the Barnes & Noble bookstore chain — a caution flag for the art market. Chandelier bidding. Quiet phone banks. Executives wiping their brows.One of the most anticipated auctions of the season proved to be anticlimactic on Monday evening at Christie’s in New York, where many objects were presold to guaranteed bids and there was little evidence of the enthusiastic buyers who defined the market’s peak in 2022. Experts said the sale was marred by the economic uncertainty surrounding President Trump’s tariffs and how they might hurt the global art market.Louise Riggio consigned nearly 40 works from the collection she built with her husband, the Barnes & Noble founder Leonard Riggio, who died last year. A second auction on Monday night, called the 20th Century Evening Sale, fared better, with more artworks selling above their estimates and livelier bidding on the phones and in the room.Christie’s had guaranteed the consignors an undisclosed minimum amount for the collection and then worked feverishly in recent days to offload the auction house’s risk, object by object, by finding outside buyers to leave their own pre-sale bids on works by modern masters like Piet Mondrian, Pablo Picasso and Alberto Giacometti.At first glance, the Riggio collection appeared to have done fine with a $272 million total, including buyer’s fees. But stripped of the fees, the sale fell short of the auction house’s pre-sale expectations that included a low estimate of $252 million.“Coming in? It should be now, ideally,” said the auctioneer, Adrien Meyer, at one point, struggling to find bidders on one of the lower-priced items in the sale, a terra-cotta vase by Picasso that ultimately sold within its estimate for $567,000, including fees.The top lot of the Riggio sale was a 1922 gridded painting by Mondrian that had once greeted visitors in the grand entryway of the bookstore tycoon’s Park Avenue apartment. It sold for $47.6 million, including fees. The canvas, “Composition with Large Red Plane, Bluish Gray, Yellow, Black and Blue,” fell short of the previous record for a Mondrian, $51 million, set just three years earlier at Sotheby’s.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Ruby Slippers From ‘Wizard of Oz’ Sell for $28 Million at Auction

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      The slippers, worn by Judy Garland in “The Wizard of Oz,” were stolen from the museum that bears her name in 2005 before investigators recovered them in 2018.The ruby slippers that Judy Garland wore as Dorothy in the 1939 production of “The Wizard of Oz” were sold for a record-breaking $28 million on Saturday during a live auction in Dallas in the latest turn for one of the most recognizable and storied artifacts in film history.Heritage Auctions sold the slippers on behalf of a collector, Michael Shaw, who owned them. The slippers — which sold for vastly more than the $10 million that the auction house’s executive vice president, Joe Maddalena, believed they would — are one of only four known surviving pairs worn by Ms. Garland in the movie.The auction house did not immediately disclose the identity of the buyer.“There is simply no comparison between Judy Garland’s ruby slippers and any other piece of Hollywood memorabilia,” Mr. Maddalena said.The final bid of $28 million was the largest sum spent at an auction for a piece of entertainment memorabilia, the auction house said. It exceeded the previous record-holder, Marilyn Monroe’s subway dress from the 1955 film “The Seven Year Itch,” which sold in 2011 for $5.52 million with fees, the auction house said. Including taxes and fees, the slippers sold for $32.5 million.During the auction, which was peppered with “Wicked” and “Wizard of Oz” references and puns, the auctioneer excitedly held a crouching position — like the Wicked Witch of the West in the story — as he pointed to people around the room, who called out bids in $100,000 increments. At times, a bidder, often on the phone with a client, would elevate the top bid by $800,000 or more, which garnered some stifled “ooohs” and “ahhhs” from attendees.The auction included other pieces of “Wizard of Oz” memorabilia. A Wicked Witch of the West hat worn by the actress Margaret Hamilton sold for nearly $3 million, the auction house said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Art Collector Who Bought a $6 Million Banana Offers to Buy 100,000 More

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      The vendor who sold the banana only received a quarter for the fruit. Now the buyer of the conceptual work has offered his fruit stand a bigger payday.A week after a Chinese cryptocurrency entrepreneur bought an artwork composed of a fresh banana stuck to a wall with duct tape for $6.2 million at auction, the man, Justin Sun, announced a grand gesture on X. He said he planned on purchasing 100,000 bananas — or $25,000 worth of the produce — from the Manhattan stand where the original fruit was sold for 25 cents.But at the fruit stand at East 72nd Street and York Avenue, outside the doors of the Sotheby’s auction house where the conceptual artwork was sold, the offer landed with a thud against the realities of the life of a New York City street vendor.It would cost thousands of dollars to procure that many bananas from a Bronx wholesale market, said Shah Alam, the 74-year-old employee from Bangladesh who sold the original banana used in “Comedian,” an absurdist commentary on the art world by the Italian artist Maurizio Cattelan. And, it wouldn’t be easy to move that many bananas, which come in boxes of about 100.And then there is the math: The net profit from the purchase of 100,000 bananas by Mr. Sun — who once bought an NFT of a pet rock for more than $600,000 — would be about $6,000.“There’s not any profit in selling bananas,” Mr. Alam said.Plus, as an employee who makes $12 an hour during 12-hour shifts, Mr. Alam pointed out that any money would by rights belong to the fruit stand’s owner, not him.Reached by phone, the stand’s owner, Mohammad R. Islam, 53, who goes by Rana, said he would split any profit between himself, Mr. Alam and the six other people he employs at his two fruit stands. No one had contacted him about any such purchase, though, he said.Mr. Islam had learned from a reporter of Mr. Sun’s plans, which also included offering the bananas from Mr. Islam’s stand for free worldwide, to anyone who showed identification, according to his post on X. Mr. Sun — who has also announced plans to eat the original banana during a Friday news conference at a Hong Kong luxury hotel — did not respond to a request for comment.Working in the rain on Thanksgiving Day, Mr. Islam’s brother, Mohammad Alam Badsha (who is not related to Mr. Alam) said he would welcome the bulk purchase. But it would have little tangible impact, Mr. Badsha said, either on the daily life of the fruit vendors, or on the gulf laid bare by the $6.2 million banana and the stand that sold it for a quarter.“It’s definitely an inequality,” Mr. Badsha said in Bengali.He added a Bangladeshi idiom: It was, he said, the difference between heaven and hell.Zachary Small More

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      Who’s Laughing Now? Banana-as-Art Sells for $6.2 Million at Sotheby’s

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      A conceptual artwork by Maurizio Cattelan, “Comedian,” is just a fruit-stand banana taped on the wall. But 7 bidders were biting. It went to a crypto entrepreneur. A banana that for years has stirred controversy in the art world sold for $6.2 million with fees at Sotheby’s contemporary art auction on Wednesday night. It became what is arguably the most expensive fruit in the world — though it will likely be tossed in a couple days.The banana is the star of a 2019 conceptual artwork, “Comedian,” by the noted prankster Maurizio Cattelan, which is intended to be duct-taped onto the wall. It comes with a certificate of authenticity and installation instructions for owners to replace the banana — if they wish — whenever it rots. Five minutes of rapid bidding ended when the Chinese-born crypto entrepreneur Justin Sun placed the winning bid, besting six other rivals, which experts said was a sign that even a struggling market would spend big on spectacle.Justin Sun, a crypto entrepreneur and art collector, shown in New York City in 2019. He is now the owner of a $6.2 million banana.Steven Ferdman/Getty Images “Returns in the market have been flat or decreasing over the last decade,” said Michael Moses, who tracks the investment potential of artworks for clients. “It’s a fascinating asset because you can get so much joy from it that people are willing to accept lower returns. Joy is not something to be messed with.”Indeed, Sun said in a statement that the Cattelan work “represents a cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.” Sun, who watched the auction from Hong Kong, added that “in the coming days, I will personally eat the banana as part of this unique artistic experience, honoring its place in both art history and popular culture.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Magritte, Master of Surrealism, Joins the $100 Million Dollar Club

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      Move over, Picasso, Van Gogh and Warhol. With an inscrutable painting, the Belgian painter breaks the nine-figure threshold at the fall auctions.The Belgian Surrealist painter René Magritte has become the latest member of that exclusive club of artists whose work has sold for more than $100 million at auction.On Tuesday night at Christie’s in Manhattan, a version of Magritte’s famously enigmatic subject, “The Empire of Light,” depicting a deserted nocturnal street below a bright daytime sky, sold for $121.2 million with fees, a record for the artist, in a packed, dark gray-painted salesroom, moodily lit in a suitably Surrealist style.Certain to sell for at least $95 million, courtesy of a guaranteed bid, the painting inspired a 10-minute duel between two telephone bidders. The price was the highest yet paid for a Surrealist work of art at auction, and made Magritte the 16th artist to break the $100 million threshold, according to data compiled by the French market analyst company Artprice.Fellow nine-figure heavyweights include Leonardo da Vinci, Gustav Klimt, Amedeo Modigliani, Andy Warhol, Jean-Michel Basquiat, Francis Bacon and Pablo Picasso (whose paintings have sold for more than $100 million at no fewer than six auctions). To date, no living artist has achieved this price level at auction.Painted in 1954 and measuring almost five-feet-high, “The Empire of Light” was the last of 19 works that Christie’s offered from the collection of the socialite, designer and philanthropist Mica Ertegun. It was one of the largest of the 17 versions of this subject that Magritte painted in oil. The best-known is probably the monumental “L’empire des lumières” in the Guggenheim Museum in Venice. Ertegun’s slightly smaller canvas, which she acquired privately in 1968, is the first in the series to include water in the foreground.“It’s maybe the best,” said Paolo Vedovi, the director of a gallery in Brussels specializing in works by Magritte and other 20th-century artists. “It seems that every big collector now wants a Magritte.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Rare Copy of U.S. Constitution Sells for More Than $11 Million

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      The document, which was sold to an anonymous bidder at an auction in North Carolina, was among the first copies of the Constitution ever printed, experts said.A rare copy of the United States Constitution that was printed shortly after the Constitutional Convention in 1787 and played a role in the document’s adoption by the original 13 states sold for more than $11 million during a live auction on Thursday evening.The high bid, from a buyer whose identity was not disclosed, was $9 million. That does not include the buyer’s premium of 23 percent or the taxes, which were not disclosed.The sale was handled by Brunk Auctions, which is based in Asheville, N.C. Bidding began at $1.1 million but quickly jumped to $5 million. It took just over seven minutes before the bidding closed at $9 million, said Nancy Zander, director of external affairs for Brunk Auctions.“It was a spectacular price,” Ms. Zander said in an interview Friday night. “It’s really important that important things get strong prices.”The copy of the Constitution was found two years ago in a filing cabinet in the house at Hayes, a farm once owned by Samuel Johnston, who served as governor of North Carolina from December 1787 to December 1789. The document’s discovery garnered national attention for being an early copy of the document and for the role it played in the document’s ratification.After the Constitutional Convention and after Congress added a ratification resolution, copies were sent to the governors of the original 13 states, who then gauged interest among their residents. Among those copies was the one sold on Thursday.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Art Adviser Lisa Schiff Pleads Guilty to Stealing from Her Elite Clientele

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      Lisa Schiff acknowledges stealing millions from major collectors who trusted her to buy them fashionable art.A leading art adviser whose clients have included Leonardo DiCaprio, and who was accused by the government of bilking her clients of millions, pleaded guilty on Thursday in federal court in Manhattan to one count of wire fraud, for stealing $6.5 million from people who trusted her to buy art for them.The adviser, Lisa Schiff, 54, whose eye for contemporary art launched a lucrative career acquiring blue-chip pieces for a host of major collectors, was accused by federal prosecutors of stealing money that clients had entrusted to her for the purchase of approximately 55 artworks. As part of the plea agreement, Ms. Schiff will forfeit about $6.4 million. The felony fraud charge also carries a maximum penalty of 20 years in prison. “For years, Lisa Schiff breached the trust of her art advisory clients by lying to them and diverting millions of dollars her clients had entrusted to her,” Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement. “Instead of using client funds as promised, Schiff used the stolen money to fund a lavish lifestyle.”Her lawyer, Randy Zelin, said the plea agreement had been in the works for several months. “Lisa has been anxious to have the opportunity to accept responsibility, she has been anxious to set out on a path of righting the wrongs and making amends,” he said in an interview on Thursday.Ms. Schiff, who is based in Manhattan, will be sentenced on Jan. 17 by J. Paul Oetken, a judge for the U.S. District Court in Manhattan.“The specter of standing in front of a judge and acknowledging criminal wrongdoing, and acknowledging the prospect of a prison sentence, is an extraordinarily daunting thing,” Mr. Zelin added. “But that is a fire that Lisa ran to, not away from.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Paris Is Rising as an Art Market Hub, With Some Way Left to Go

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      Sotheby’s opened a new salesroom and international collectors are arriving for the inaugural Art Basel Paris fair. But visiting is one thing; buying is another.“This is the Mona Lisa of handbags,” said Aurélie Vassy, Sotheby’s head of handbag and fashion sales in Europe, as she unlocked a glass display case and proudly revealed a battered black leather Birkin.“The first in the world, made for Jane Birkin. It’s the beginning,” said Vassy, pointing out the design features of the bag, specially made by Hermès for the Anglo-French singer and actress in 1984. Three years earlier, Birkin had found herself sitting next to the chief executive of the luxury brand on a flight from Paris to London and had sketched the design on the back of a sick bag.This precious fashion icon, on loan from the collection of the pre-owned luxury dealer Catherine B, was one of the star exhibits at the opening of Sotheby’s new salesroom in the Avenue Matignon district of Paris on Saturday. The auction house will hold Surrealism and modern art sales on Friday, just days after the inaugural edition of the Art Basel Paris fair begins in the newly renovated Grand Palais.Aurélie Vassy, Sotheby’s head of handbag and fashion sales in Europe, with the very first Birkin bag.Dmitry Kostyukov for The New York TimesThe Paris art scene is expanding. After Britain’s 2016 vote to leave the European Union, a procession of international gallerists established spaces in the French capital, expecting its underperforming art market to revive at London’s expense.When Art Basel took over the management of Paris’s flagship October fair in 2022, this nurtured hope that the city’s art scene would become a magnet for international collectors. (It ran the fair for a couple of years from a temporary location under the ungainly name “Paris+ par Art Basel” before rebranding for this year’s edition.)We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More