Showing posts with label The Personal Property of Marilyn Monroe. Show all posts
Showing posts with label The Personal Property of Marilyn Monroe. Show all posts

Sunday, November 6, 2011

New Collection Piece Added: Marilyn Monroe's Personal Ivory Cotton Overcoat

I'm thrilled to announce the newest addition to the Marilyn Monroe Collection: Marilyn Monroe's personal ivory cotton overcoat, originating from the 1999 Christie's Sale, "The Personal Property of Marilyn Monroe." This coat is from Marilyn's personal wardrobe, with labels reading "Styled by Lawrence of London," and "Bergdorf Goodman on the Plaza, New York."



On June 28, 1961, Marilyn Monroe checked in to Polyclinic Hospital in New York City to have her gallbladder removed. This was the fifth time she had been in the hospital in just ten months. Joe DiMaggio kept her company throughout.

Marilyn wore this overcoat as she exited Polyclinic Hospital on July 11, 1961, following gallbladder surgery.

When Marilyn was discharged she was practically mobbed by well-wishers and photographers as she left. She later said, "It was scary. I felt for a few minutes as if they were just going to take pikes out of me. Actually it made me feel a little sick. I mean I appreciated the concern and their affection and all that, but - I don't know -it was a little like a nightmare. I wasn't sure I was going to get into the car safely and get away!"



Click here for a YouTube video of Marilyn exiting the hospital.









Sunday, October 9, 2011

Marilyn Monroe Eternity Band will Sparkle at Auction Again

A platinum and diamond eternity band set with thirty-five baguette-cut diamonds, given to Marilyn Monroe by Joe DiMaggio after their 1954 wedding will hit the auction block this December. Profiles in History will be hosting the sale.

The wedding band sold initially in 1999 at the now famous Christie's auction, "The Personal Property of Marilyn Monroe." The hammer price in 1999 was $772,500.

Excitement is brewing as this is the first "high-ticket item" to come to auction again from the 1999 Christie's sale. The wedding band, I believe, was the second highest priced item in the sale, preceded only by the Jean Luis gown Marilyn wore when she sang Happy Birthday to President Kennedy. This gown fetched at whopping $1,267,500.00, which is still today the highest price ever paid for a personal gown. Of course it's now very well known that the highest price ever paid for a film costume was $5.6 million for the white Billy Travilla designed halter top worn by Monroe in The Seven Year Itch.

Interestingly, news reports about the ring being auctioned are stating that due the fact the ring is missing one of the diamonds it's expected to sell for less than it did at the 1999 Christie's auction. Well, the diamond was missing in 1999, and that didn't appear to have much effect on the sale of the ring at that time. Perhaps reporters are failing to recognize that buyers will be bidding on Marilyn Monroe's wedding band, and the fact that it's missing one of the diamonds will have no impact on the hammer price.

The big question is, will it sell for more than it did in 1999? If recent auctions of Marilyn Monroe items are any indication, (Marilyn Monroe Dress Breaks Record at Auction), this ring will very likely sell for a seven-figure hammer price.

Monday, May 9, 2011

Marilyn Monroe Dress Breaks Record at Auction, and Darren Julien Comments

Yesterday marked Julien's Auctions annual entertainment memorabilia sale. The auction was conducted at their new location in Beverly Hills, and prices for Marilyn Monroe memorabilia reached new heights. Of particular note, a Marilyn Monroe owned cocktail dress, estimated at $30,000 to $40,000, sold for an astounding $348,000. This is undoubtedly the highest price paid for a Monroe dress at auction since the now world famous 1999 Christie's sale, "The Personal Property of Marilyn Monroe."


Lot Description: A black crepe cocktail dress with deep v-neck and low cut back, with pouf hemline. Interior label reads “front” to identify the front of the dress. Monroe wore this dress to a 1958 party at The Beverly Hills Hotel and is pictured on the cover of the book Marilyn Monroe: From Beginning to End by Michael Ventura. No size present.

Incredibly, the original sale price for this dress in 1999 was $23,000. The 1999 pre-sale estimate was $10,000 to $15,000.

There were also other items of note. A two-piece Pucci ensemble sold for $48,000. The pre-sale auction estimate was $6,000 to $8,000. While only a fraction of the cost of the cocktail dress, this is an astounding amount of money for a Marilyn Monroe outfit considering there is no known photograph of Marilyn wearing the ensemble. Even more astounding, I saw this two-piece Pucci outfit sell at auction several years ago for a mere $800. Finally, this Pucci outfit was formerly owned by Robert Otto, and was one of the few authentic Marilyn Monroe owned items displayed on the Queen Mary as part of the now infamous Monroe exhibit in 2006.

Lot Description: A two-piece silk jersey in seafoam green, boatneck, sleeveless shirt with elastic waist together with matching knee-length skirt. Each of the pieces have both Emilio Pucci and Saks Fifth Avenue labels. This Pucci outfit sold originally at the 1999 sale for $9,775.

Finally, a swimsuit with a Marilyn Monroe label from an unknown MGM film sold for an astonishing $84,000. Again, an astounding sum of money considering there are no known photos of Marilyn wearing this item. The original estimate was $6,000.00 to $8,000.00.

Lot Description: A Marilyn Monroe costume swimsuit from an unknown production. Swimsuit is dark blue with light blue ribbon across bust. Metro-Goldwyn-Mayer tag reads "M. Monroe 36," additionally stamped MGM under bust lining.

So why are prices for Marilyn Monroe memorabilia items soaring? I had a chance to chat with Darren Julien today, President & CEO of Julien's Auctions. We discussed yesterday's events, in particular the Marilyn Monroe pieces selling for astronomical prices. My questions and his answers are provided below:

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MMC: "Darren, in your opinion, why are Marilyn items selling for more and more money each year?"

Darren Julien Response: "Marilyn Monroe has a global fan and collector base. It is becoming more and more difficult to obtain items with solid provenance from her life and career. The demand for her items are increasing while authentic items are becoming more difficult to find and make available to the public at auction. In addition, investors have started to buy Marilyn Monroe as a way to diversify their portfolio, and this even further increases the demand for her items. She is a safer investment than stocks or bonds."

MMC: "What was the draw to the itmes that sold for so much beyond the estimate; The swimsuit, the Pucci ensemble, and the black cocktail dress?

Darren Julien Response: "This is a very difficult question to answer because I think it really depends on the demand for each item and who is bidding. For example, we had three people who wanted the black cocktail dress. When the auction started they all felt that they were going to get it, and they had already emotionally committed themselves to buying it. That's why they were willing to go much higher than the estimate, or any values they'd pre-determined that they would pay for the dress. I think this was likely the case also with the Pucci outfit and the swimsuit."

MMC: "Were there any Marilyn lots yesterday that shocked you? For example, the price they sold for, either low or high?"

Darren Julien Response: "I was shocked by all of them. Even her books that sold several years ago for $500 to $800 went for $3,000 to $5,000 yesterday. It just goes to show you that everyone loves Marilyn Monroe.

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There are a few other auctions this summer with Marilyn Monroe items up for grabs, most significantly the Debbie Reynolds film costume collection auction next month. Marilyn Monroe has always been one of the most famous women in the world, with Monroe collectibles often selling for prices far greater than estimates. The Jean Luis dress Marilyn wore when she sang "Happy Birthday" to President John F. Kennedy in 1962 still holds the record for the most expensive dress ever sold at auction. This might be the most important auction year since 1999, determining just how much money fans, collectors, and now investors, will spend to personally own a piece of her magic. If yesterday's auction at Julien's was any indication, we'll likely see more Monroe pieces reach new heights.