Home 

Scrapbook 
What's New 
Web Notes 
Animations 
Slide Show 
Feedback 
Auction $ 
Contents 
 YouTube \
Puzzles
Foundry 
Search 
Links 

 Join    

 
MBCA
Members
Web
 
Search 
A-Z Index 
Date Index 
Conventions 
Scrapbooks   
European Tin 
Videos 
Notes 
Chat

 

DAILY NEWS, Wednesday, February 6, 1974, page 4C

Oink Your Heart Out,
Chase Manhattan
By PETER COUTROS

     Some people put their money in the bank and get 6%. Others put it in stocks and get ulcers.
   
     Bernard Danenberg, who has scads of it, puts his money in piggy banks. Yesterday, he put $700 into one. That's what it cost him to buy Paddy and the Pig, one of 64 mechanical banks auctioned at the very prestigious Parke-Bernet Galleries at 171 E. 84th St.


News photo by Richard Corkey
Geraldine Van Der Kwast and Uncle Sam bank.

          Hopes to Sell for Twice the Price
     By the time Danenberg finished wiggling his bidding paddle to catch auctioneer West Thorn's attention, he had invested upwards of $10,000 in more than a dozen banks, none of which cost more than a dollar to produce when they were manufactured 80, 90 or even 100 years ago.
  
     Shrugging off the suggestion that it seemed to an inordinate sum to be spending on what seemed to be tired old toys, Dannenberg, an art dealer, replied, "I'll put these things down in my cellar for two years, get them out, dust them off and sell them for twice what they cost me."

  
     In two years, the reasoning goes, the country will be marking its bicentennial and Americana will be very big. And very profitable.
  
     On the other hand, Mark Haber, a rich and retired man from Wethersfield, Conn., got up at 5:30 yesterday morning to make sure he caught the bus to get here on time for the auction.
  
          Day's Biggest Buy
     Then, he laid out $2,200 the day's biggest bid for a trifle of a bank called "Girl in Victorian Chair." Seeing it in an antique shop window, you might put its value at $40.
  
     "It's worth it because I wanted it," Haber said, explaining that he was offered $2,500 for it minutes after he'd bought it.
  
     One guy who was shut out when the bidding hit $500 shook his head and remembered what another man said when someone asked why he climbed Mount Everest.
     
     "Because it's there," the man said.


 [ Top] [ Back ] Up ] 1976 Cromwell ]