Collectors are snapping up anything and everything at auctions — like the ruby slippers from ‘Wizard of Oz’ for $32M

Bidding baubles adieu

With NYC’s housing market warmer than Diddy’s sex drive, and so many buying and selling homes, I decided to talk with Heritage Auctions’ President Greg Rohan.

He told me: “Asia’s market is running hot. Wealth is created now in China and throughout Asia. We opened a Heritage office in Tokyo six months ago. With pop culture, urban art, wine, jewelry, it’s doing phenomenal.

“We sold Elton John’s piano for $900,000. ‘Wizard of Oz’ ruby slippers went for $32 million!

“Sometimes it’s an antique effect. History buffs. One collects coins, stamps, another baseball cards. A feeling of accomplishment. Making more money, they put sets together. Return to what they collected as a child.

“There’s the social aspect. Art — it’s meeting people with similar interests. Travel with them, wine and dine with them. It becomes their social life.

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