(28 Mar 2001) SHOTLIST, London, March 27, 2001(including transcript):-
1. PAN FROM AUDIENCE TO AUCTIONEER
2. CU COMPUTER SCREEN WITH SALES FIGURE
3. PAN ACROSS JIM MORRISON LOT
4. BIDDER
5. WS ACTIONER MAKES SALE LNN FOOTAGE
6. VS LENNON'S MERCEDES LIMO APTN
7. VS BIDDING FOR THE LIMO
8. SOT MICK FLEETWOOD:"You are in the lap of the gods and you are in the lap of someone saying what they are prepared to pay on the day, it's so much the nature of this. As a company we, much like the other major auction companies, you can rely on one piece, it's an exciting piece and it made a lot of noise, there is no doubt. Every Renoir doesn't sell for what it's supposed to either.
9. VS OTHER ITEMS IN THE SALE LNN FOOTAGE
10. VS LIMO APTN FOOTAGE
11. SOT TED OWEN (LNN FOOTAGE): "It was £10,000 below the reserve and so I think probably in the morning we'll sell. I'll speak to the owner and he'll say hey what's 10,000 out of 190,000. That will turn into a success tomorrow. The piano, I feel a bit sad about that, because today we learnt all of that money was going to a breast cancer charity in America and that would be a million their way and so that's a bit disappointing."
12. LIMO WITH OUTRIDERS
LENNON'S LIMO IN SALE FLOP
Bidders baulked at the hefty price tags on two of John Lennon's most prized posessions, auctioned last night (Tuesday).
A limousine and a piano onnce owned by the Beatles legend once failed to reach its reserve price at the London sale.
The 1970 Mercedes Benz 600 Pullman attracted a telephone bid of 190,000 pounds (270,000 dlrs) -10,000 pounds (14,000 dlrs) short of its reserve price - during the sale at London's Hard Rock Cafe.
A Steinway piano that once sat in Lennon's New York City home drew a top bid of 750,000 pounds (1.1 m dlrs), fell 250,000 pounds (360,000 dlrs) short of the anticipated price.
The owners of the items must now decide whether to sell them at the bid prices, said auctioneers Fleetwood Owen, who specialise in showbiz artefacts.
The Mercedes limo was made to order for Lennon in 1970, complete with black velvet upholstery and a built-in record player. Lennon sold it to fellow Beatle George Harrison when he moved from Britain to the United States in 1973. It was subsequently owned by Mary Wilson of the Supremes.
Last year, singer George Michael paid £1.45 million ($2.1 million) for the piano on which Lennon composed "Imagine." He has said he plans to give it to Liverpool's Beatles museum.
But last night's flop indicates the market for Beatle memrobilia may have peaked.
The auctioneers, which was founded by Fleetwood Mac star Mick Fleetwood, remained up beat.
They insisted it had been a successful night with over 80% of the 110 lots reaching or exceeding their expected prices.
Among the items which were sold included an upright piano on which Sir Elton John played some of his first performances as a schoolboy at a suburban pub for 16,000 pou nds(24,000 dlrs)
Other items sold included two poems by The Doors lead singer Jim Morrison which reached a combined total of 4,900 pounds (7500 dlrs), and a drum kit belonging to1970s rockers Led Zeppelin, which went for 10,500 pounds(15000 dlrs).
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