Guccione's Goods Up For Auction - GoFuckYourself.com

Greg B · 08-24-2004, 12:18 AM

This is a fucking shame. Guccione broke the mold and had a kick ass magazine called OMNI that changed the face of publishing. Now they're offering up his goods like they're swag or something
----

Tuesday, August 24, 2004

Guccione's goods
Items from the Penthouse publisher's Staatsburg home to hit Red Hook block Sept. 4
By Nicole Edwards
Poughkeepsie Journal

Karl Rabe/Poughkeepsie Journal file
This 10-bedroom mansion on the 55.1-acre estate, which formerly belonged to Penthouse magazine publisher Robert Guccione, is on the Hudson River. The home is now the property of Kennedy Funding of New Jersey, due to Guccione defaulting on a loan.

Courtesy photos
A carved Spanish cassone to be auctioned.

Twelve-foot early carved stone sundial.

One of four 4-foot carved limestone finials.
Personal items from Penthouse publisher Robert Guccione are heading for the auction block.
Pieces worth as much as $50,000, including interior furniture from the 16th, 17th and 18th centuries, period garden items, glassware, paintings by artist Wiliam Hogarth, china and even Guccione's personal limousine, will be up for sale in an auction slated for Sept. 4 in Red Hook.

George Cole, of George Cole Auctions in Red Hook, will preside over the event.

''We're hoping for a large turnout,'' Cole said. ''They're all here to be sold no matter what they bring. The 16th-, 17th- and some of the 18th-century furniture doesn't come on the market very often.''

Bids can be made at the event or on the Web. Previews are set for Sept. 3 and 4.

''This auction is a place where it's museum quality, but you get to touch it,'' Cole said.

Cole, who outbid both internationally renowned auction houses Christie's and Sotheby's for the opportunity to conduct the auction, said there are approximately 375 lots or items, meaning one lot can include an entire set of china. Potential buyers might be surprised by the price tag on some of the goods.

''A minimal piece of china is set for $20 out of Pottery Barn'' Cole said.

Those with more expensive tastes can spend as much as $50,000 for a 16th-century Flemish cupboard.

''The limo is in very good shape,'' Cole said. ''It's a '94 with 56,000 miles on it. It's got a few dings on it, but it rides great.''

Guccione, who now lives in New York City, founded Penthouse magazine in 1965. The magazine's publisher, General Media Inc., filed for bankruptcy protection a year ago. Three months later, Guccione stepped down as chairman and chief executive of parent company Penthouse International Inc. The magazine's new owner is Florida-based private investor's group PET Capital Partners.

Items in the upcoming auction are from Guccione's Staatsburg weekend home of some 20 years, which he called The Willows. Kennedy Funding in New Jersey acquired the estate earlier this year after he defaulted on a more than $14 million loan. Guccione lived there with his third wife, Kathryn Keeton, who died of cancer in 1997. She is buried at the estate. According to Cole, Guccione now has a home in New York City that is already furnished.

The Willows was called The Locusts when it was built in 1941. The Dinsmore family at one time owned the land. The mansion was built for Lytle Hull, the granddaughter of William B. Dinsmore II and the wife of Vincent Astor. Cole said he wasn't sure if any of the items had been left in the home from previous owners.

Red Hook resident Kelly Flood-Myers said she is fascinated by the age of the items.

''The former owners were stalwarts of this area,'' she said.

Now, watching items from a renowned figure such as Guccione being bid upon is entertainment enough for her. Flood-Myers said there's no one particular item she's interested in bidding on, but if there was, she wasn't letting on.

''That's the secret to good bidding: not let anyone know that you're interested,'' she said.

Nicole Edwards can be reached at nredward@poughkeepsiejour nal.com.

If you go

What -- George Cole Auctions in Red Hook will auction contents of the former estate and personal items of Penthouse magazine publisher Robert Guccione.

When -- Sept. 4, 5:30 p.m.; preview, Sept. 3, 3-8 p.m. and Sept. 4, 3-5:30 p.m.

Where -- George Cole Auctioneers, 7578 North Broadway, Red Hook.

Information -- Call 845-758-9114 or visit www.georgecoleauctions.com.

Admission -- Free and open to the public.

08-24-2004, 12:18 AM	#1
Greg B So Fucking Banned Join Date: Jul 2001 Location: EARTH (for the time being) Posts: 7,014	Guccione's Goods Up For Auction This is a fucking shame. Guccione broke the mold and had a kick ass magazine called OMNI that changed the face of publishing. Now they're offering up his goods like they're swag or something ---- Tuesday, August 24, 2004 Guccione's goods Items from the Penthouse publisher's Staatsburg home to hit Red Hook block Sept. 4 By Nicole Edwards Poughkeepsie Journal Karl Rabe/Poughkeepsie Journal file This 10-bedroom mansion on the 55.1-acre estate, which formerly belonged to Penthouse magazine publisher Robert Guccione, is on the Hudson River. The home is now the property of Kennedy Funding of New Jersey, due to Guccione defaulting on a loan. Courtesy photos A carved Spanish cassone to be auctioned. Twelve-foot early carved stone sundial. One of four 4-foot carved limestone finials. Personal items from Penthouse publisher Robert Guccione are heading for the auction block. Pieces worth as much as $50,000, including interior furniture from the 16th, 17th and 18th centuries, period garden items, glassware, paintings by artist Wiliam Hogarth, china and even Guccione's personal limousine, will be up for sale in an auction slated for Sept. 4 in Red Hook. George Cole, of George Cole Auctions in Red Hook, will preside over the event. ''We're hoping for a large turnout,'' Cole said. ''They're all here to be sold no matter what they bring. The 16th-, 17th- and some of the 18th-century furniture doesn't come on the market very often.'' Bids can be made at the event or on the Web. Previews are set for Sept. 3 and 4. ''This auction is a place where it's museum quality, but you get to touch it,'' Cole said. Cole, who outbid both internationally renowned auction houses Christie's and Sotheby's for the opportunity to conduct the auction, said there are approximately 375 lots or items, meaning one lot can include an entire set of china. Potential buyers might be surprised by the price tag on some of the goods. ''A minimal piece of china is set for $20 out of Pottery Barn'' Cole said. Those with more expensive tastes can spend as much as $50,000 for a 16th-century Flemish cupboard. ''The limo is in very good shape,'' Cole said. ''It's a '94 with 56,000 miles on it. It's got a few dings on it, but it rides great.'' Guccione, who now lives in New York City, founded Penthouse magazine in 1965. The magazine's publisher, General Media Inc., filed for bankruptcy protection a year ago. Three months later, Guccione stepped down as chairman and chief executive of parent company Penthouse International Inc. The magazine's new owner is Florida-based private investor's group PET Capital Partners. Items in the upcoming auction are from Guccione's Staatsburg weekend home of some 20 years, which he called The Willows. Kennedy Funding in New Jersey acquired the estate earlier this year after he defaulted on a more than $14 million loan. Guccione lived there with his third wife, Kathryn Keeton, who died of cancer in 1997. She is buried at the estate. According to Cole, Guccione now has a home in New York City that is already furnished. The Willows was called The Locusts when it was built in 1941. The Dinsmore family at one time owned the land. The mansion was built for Lytle Hull, the granddaughter of William B. Dinsmore II and the wife of Vincent Astor. Cole said he wasn't sure if any of the items had been left in the home from previous owners. Red Hook resident Kelly Flood-Myers said she is fascinated by the age of the items. ''The former owners were stalwarts of this area,'' she said. Now, watching items from a renowned figure such as Guccione being bid upon is entertainment enough for her. Flood-Myers said there's no one particular item she's interested in bidding on, but if there was, she wasn't letting on. ''That's the secret to good bidding: not let anyone know that you're interested,'' she said. Nicole Edwards can be reached at nredward@poughkeepsiejour nal.com. If you go What -- George Cole Auctions in Red Hook will auction contents of the former estate and personal items of Penthouse magazine publisher Robert Guccione. When -- Sept. 4, 5:30 p.m.; preview, Sept. 3, 3-8 p.m. and Sept. 4, 3-5:30 p.m. Where -- George Cole Auctioneers, 7578 North Broadway, Red Hook. Information -- Call 845-758-9114 or visit www.georgecoleauctions.com. Admission -- Free and open to the public.