[BCMA] CMA Clip Serv: Cdn Museum pays $650,000 for US vase

[Moderated BCMA subscriber listserv.]

What's the current exchange rate on the Looney?

Which museum looney coughed-up $650K for a piece of coloured glass commemorating a nondescript forgotten non-producing hole in the side of an unnamed mountain? Did you see that: more than 500% of what the market believed it was worth?

There's presently a busload of Florida realtors enroute to that Museum. 

Dan Gallacher
  ----- Original Message ----- 
  From: Moderated BCMA subscriber listserv. 
  To: bcma at lists.vvv.com 
  Sent: Tuesday, January 25, 2011 9:39 AM
  Subject: [BCMA] CMA Clip Serv: Cdn Museum pays $650,000 for US vase


  Canadian museum pays $650,000 for U.S. vase 
  Postmedia News, Tuesday, January 25, 2011 


  In a bidding battle over a unique vase at a New York auction last week - which led to a hammer price about five times higher than expected - an unidentified Canadian museum acquired a poignant artifact recalling a renowned American artist's mining misadventures in Canada more than a century ago. 


  The Ptarmigan Vase, created by top U.S. jewelry designer Paulding Farnham in the early 1900s, was named for the gold mine in B.C.'s Selkirk Mountains that eventually ruined Farnham's marriage and personal finances, but helped kick-start the mining industry in that part of the province. 


  The object Farnham created to celebrate his stake in the Canadian mine sold at Sotheby's on Friday for more than $650,000 - far beyond the object's high-end, pre-sale estimate of $120,000. 


  Farnham was the top designer at Tiffany & Co., the New York-based jewelry empire, in the late 1800s. But his bid to make a fortune at the B.C. mine site led him to pour so much money and time into the precious-metal play that his wife Sally finally filed for divorce on grounds of abandonment. 


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