3 small moon rocks are coming up for auction. Here’s why.

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On September 12, 1970, the Soviet Union landed a robot on the moon. The probe, named Luna 16, drilled into the lunar ground for seven minutes and removed around 100 grams — just over one-fourth of a pound — of small moon rocks and fragments from a wide-volcanic plains named the Sea of Fertility. Then, it blasted off back to Earth.

Now, three tiny lunar fragments from the Luna 16 mission are being auctioned to the highest bidder through Sotheby’s. The current owner of the little bits of moon, however, remains anonymous.

It may seem odd that human-gathered lunar fragments fell into private hands — similar to perhaps a prized Picasso or a van Gogh. Indeed, most moon specimens are kept in closely-guarded environs, like most of NASA’s 842 pounds of treasured lunar material. Read more…

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View More 3 small moon rocks are coming up for auction. Here’s why.

Actually, Banksy meant to shred the whole painting. Now it’s likely worth much more.

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In a ‘Director’s half cut’ uploaded on YouTube, Banksy revealed the secret shredding mechanism he had installed inside the frame of a copy of  “Girl With Balloon.”

It was supposed to shred the whole canvas, but seems to have gotten stuck. So what happened at the auction was the coincidental creation of a new work of art. Read more…

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You can own a fully functional vintage Apple-1 computer — but it’ll cost you

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Apple-1 expert Corey Cohen recently restored one of the original Apple-1 computers designed by Steve Jobs and Steve Wozniak back in the ’70s. The machine, which will be sold at auction, is expected to go for anywhere from $300,000-$400,000. Now’s your chance to own a piece of Apple history — if your wallet can afford it.

Read the full article here. Read more…

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Ferrari race car sells at auction for record-making $48.4 million

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A 1960s race car that originally cost $18,000 (that’s $151,203.60 in today’s money) shattered records with a nearly $50 million auction sale this weekend.

The valuable 1962 Ferrari 250 GTO, a two-seater coupe, sold at an RM Sotheby’s auction in California for $48.4 million. This is the highest auction price ever for a vehicle. A 2014 auction previously held that title, for a $38 million Ferrari.

Only 36 of the Ferrari 250 GTO were made between 1962 and 1964, making it a rarity and highly desirable for collectors. This particular Ferrari raced in the 1962 Italian GT Championships — and won. The car has a top speed of 174 mph. Read more…

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View More Ferrari race car sells at auction for record-making $48.4 million

You can own a piece of Apple history with this fully functional Apple-1 computer

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Gather your coins, folks. Another opportunity to own a piece of Apple history is coming soon. 

This September, an Apple-1 computer is going on sale to the highest bidder. While you might not want to rely on it for your day-to-day needs, the Apple-1 — designed by Steve Jobs and Steve Wozniak in the 1970s — is fully operable. 

Apple-1 expert Corey Cohen restored the machine earlier this summer, and has officially given this particular computer an above average 8.5/10 rating. Auctioneers at Invaluable are expecting this computer to go for anywhere from $300,000-$400,000, but before you reach for your wallet it’s worth noting that previous sales of different versions of the Apple-1 have fetched everywhere from $130,000 to over $800,000, per MacRumorsRead more…

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You can bid on a war hero’s century-old chocolate in an online auction

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It appears a distinguished World War I soldier,   Richard Bullimore, only ate one of his 10 Cadbury chocolate bars while awaiting battle in the war’s notorious trenches, according to the online auction company Eddisons CJM. The chocolate tins were apparently a wartime Christmas present to troops. 

Eddisons CJM, which also auctions off massive pieces of industrial equipment, will offer Bullimore’s 103-year-old chocolate in a package with his other belongings on Tuesday, June 5. 

Just the chocolate tin itself is rare, noted CJM’s Paul Cooper, “but to find the chocolate still inside is just unreal.” Read more…

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$70 million Pablo Picasso painting gets ‘accidentally damaged’ right before auction

Valued at $70 million, Pablo Picasso’s Le Marin (The Sailor) was set to go to auction on Tuesday evening at Christie’s New York.
But the painting was pulled shortly before it was due to go under the hammer, with the auction house announcing the artwo…

View More $70 million Pablo Picasso painting gets ‘accidentally damaged’ right before auction

The woman shaking up the conservative world of auctioneering

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Auctioneering has always been a man’s world. Now women, like Helena Newman, Co-Head for Impressionist and Modern Art Worldwide at Sotheby’s, are putting the hammer down on this particular glass ceiling with elegance and poise. 

Newman is also taking the auction for major evening sales (the fanciest and of highest value auctions) of impressionist and modern art in London and New York. At an auction in March, she broke a record for highest price for a painting ever sold in Europe.  Read more…

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Sotheby’s acquires Thread Genius to build its image recognition and recommendation tech

 Every company today is a tech company, a maxim that was proven out today when one of the world’s oldest and biggest art auction houses acquired an AI startup. Sotheby’s has bought Thread Genius, which has built a set of algorithms that can both instantly identify objects and then recommend images of similar objects to the viewer.
You can see some examples of how it works… Read More

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