Golden day for Sotheby’s

San Antonio Express-News - - BUSINESS -

Gold bugs have taken their lumps this year, but col­lec­tors may fare bet­ter at a Sotheby’s auc­tion next week in Lon­don.

A life­size bust of su­per­model Kate Moss, a 1977 Fer­rari 512 Ber­linetta Boxer and an arm­chair from France’s Tui­leries Palace will be a few of the items avail­able at the firm’s gold-themed sale Wed­nes­day.

Dubbed “The Mi­das Touch,” it marks Sotheby’s first event ded­i­cated solely to ob­jects as­so­ci­ated with the pre­cious metal. The New York-based auc­tion­eer has seen grow­ing de­mand for gold items, said head of sales Con­stan­tine Fran­gos, even as the metal’s mar­ket price has slumped.

“We’re not fo­cus­ing too much on the price of gold,” Fran­gos said dur­ing a pre­view Fri­day of the 63 lots for sale. “We’re look­ing at th­ese items as pieces of art.”

While Sotheby’s ex­pects the golden sculpture of Moss’s head to sell for as much as $515,000, the most ex­pen­sive item is a rec­tan­gu­lar gold panel by post­war French artist Yves Klein. The work — at 9-by-6 inches — is es­ti­mated at as much as $1.6 mil­lion.

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