Friday, September 2, 2011

'Cook's' Waistcoat Up For Auction in Auckland

An 18th Century waistcoat possibly worn by Captain James Cook is up for auction at Webb's this month.  With a long established provenance the beautifully embroidered piece has been in private hands since purchased from Dr Ruby Rich of Sydney's family in 1985.  There was a buzz in Australia when it made the news after the owners went public after seeing similar items being sold overseas.  It was then appraised by a dealer and sent to The Powerhouse Museum.  In a Youtube clip  from a few months ago (link via Webb's catalogue entry here) they report that the value is thought to be millions of dollars.  Webb's has said "The response has been extremely positive and it's expected to reach a high six-figure number because that's the nature of the piece".  It is unclear why it is now being sold in New Zealand when the relatives wanted it to stay in Australian hands.  Viewing for the Tribal Sale starts on Friday.  The sale takes place on 8th Sept at 6pm.