| FEBRUARY ESTATE AUCTIONS
The 2007 auction year starts off with four nice Thursday evening specialty and estate auctions. The first sale this month is a nice ephemera sale with plenty of variety of fresh-to-the-market material. The following three sales are three local estate lots from Richmond and Harrisville, NH, and one from Brattleboro, VT, loaded with 19th and 20th Century antiques and accessories. For more info call 1-800-352-5251 or look online at www.knottypineantiques.com.
GENERAL EPHEMERA AUCTION — THURS, FEBRUARY 1st @ 6 PM
We will be selling a nice selection of 19th and 20th Century ephemera, advertising & toys gathered from various local homes & estates to include: historical pamphlets; travel ephemera (maps, guides, brochures, etc); early engravings & prints; Coca Cola collectibles; maps & posters including WWII & Denman Thompson; advertising signs; calendars & tins; auction & sales catalogs; lg quantity of postcards, comic books, toys & games to include tin litho; boxed board games; cast metal & wooden toys; dolls & puzzles; selection of sheet music; LP phonograph records (incl Beatles); selection of photography to include cased images; tintypes; cabinet photos & Vict albums, etc; early newspapers & comic strips; cigar boxes & product packaging; old golf clubs w/bag & other sports memorabilia (cards, signatures, photos, etc); child's blackboard; political buttons & collectibles; snow domes; 19th & 20th Cent correspondence; clothing patterns; lg selection of periodicals (Sat Evening Post, TV Mirror, Sports Illus, Mast, Popular Mechanics, Radio News, Youth's Companion, Life, Science & News, etc); estate books to include novels, nature, juveniles, law, technicals, sm format, books on antiques, etc.
School district will keep its art
School District of Philadelphia officials will not auction off its art collection, according to District CEO Paul Vallas and members of the School Reform Commission. "They are not going to sell," he said. "I don’t think there’s support to sell the paintings." Vallas’ comments come as there was no vote on whether to sell the district’s art collection. There was a resolution last month from former SRC member Daniel Whelan, who has since resigned from the commission. The resolution has since been tabled. A teacher and parent from Woodrow Wilson Middle School appeared in front of the SRC Wednesday at its general meeting to ask members to return its 71 paintings, which were removed. "Do not sell off our paintings," Wilson parent Marilyn Krupnick said.
Winter Antiques Show Frames Donald and Rosie, $2.5 Million Kid
Jan. 19 (Bloomberg) -- Rosie O'Donnell and Donald Trump may still be feuding, but they are yoked as a couple at the 53rd Annual Winter Antiques Show at New York's Park Avenue Armory. Photos of Rosie and Donald sit side-by-side in a French 1890 double-oval picture frame priced at $2,650 at the Associated Artists booth. It is one of the cheapest items at the show, which is open from today to Jan. 28. With 75 international dealers, the show offers countless juxtapositions as curious as that of Rosie and the Donald, from cow weathervanes to African masks to Tiffany lamps. ``The Winter Antiques Show is one of those marvelous comings together, like a reunion of sorts,'' said Florida-based tribal-art and folk-art collector Jane Katcher. She'll be speaking at the show on Sunday about her folk-art collection.
Very white porcelain lavish, like Paris
``Paris porcelain'' is the name used in Kovels' Antiques & Collectibles Price List for the very white porcelain made in France from about 1770 to 1870. The name ``Vieux Paris,'' or ``Old Paris,'' for these wares was first used by collectors in the late 19th century. In the late 1700s, the Sevres factory near Paris was established as France's national factory with ``royal privilege.'' Its porcelains were top-quality, with original shapes and lavish decorations. Other makers near Paris soon began making similar porcelain pieces. Before long, 37 small factories and some retail decorating shops were selling what is now called Paris porcelain. Almost all of their wares were unmarked. The factories quickly updated patterns to keep up with the latest fashions. They even pirated some of the Sevres designs.
Taxes due on sale of antiques
DEAR BRUCE: I had acquired some antiques about 30 years ago. I have since learned they are quite valuable. I sent them to a well-known auction house and was shocked to learn I have cleared more than $200,000. I have no record of the cost to me, but I know they came with a bunch of other antiques and they cost literally nothing. Do I have to report this to the IRS? What are my obligations here? - E.N., via e-mail DEAR E.N.: Bad news. You will have to pay capital gains on whatever portion of the $200,000 you net. Having no receipts to demonstrate your cost basis, you're going to have to do some homework and find out what these same articles likely were worth 30 years ago. Your auction house should be able to give you some estimation there. All things equal, and your personal income is a variable, tax on the gain will very likely be the max of 15 percent.
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