26 Feb '12, 7am

Florida museum auctions off antique cars, carousel

Florida museum auctions off antique cars, carousel

In this photo taken on Jan 26, 2012, lights from a custom-built carousel illuminate an area at the Milhous Collection in Boca Raton, Florida. -- PHOTO: AP BOCA RATON, Florida (AP) - Two brothers' unique private museum of classic cars, rare musical instruments and other collectibles was emptied on Saturday with the final strike of an auctioneer's gavel, bringing in US$38.3 million (S$48 million) in sales. Two days of bidding on 550 lots neared their conclusion with the biggest sale of them all, US$3.3 million for the only known surviving 1912 Oldsmobile Limited, more than double its pre-auction estimate. The final tally came in just below the roughly US$40 million the auction houses estimated they'd yield. Most of the automobiles sold at or above their estimates, though bids for many of the rare musical instruments came in below expected ranges. The centerpiece of the colle...

Full article: http://www.straitstimes.com/BreakingNews/Lifestyle/Story/...

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