Princess Leia's Bikini Fetches Galactic Sum, Collectible Card Craze Grips China’s Youth Auction Houses Bet Big on Hong Kong Expansion

Timeless Bites: Princess Leia’s Bikini Fetches Galactic Sum, Collectible Card Craze Grips China’s Youth & Auction Houses Bet Big on Hong Kong Expansion

03.08.2024

In This Issue

👙 Princess Leia’s Bikini Fetches Galactic Sum

🃏 Collectible Card Craze Grips China’s Youth

🗳️ Top Auction Houses Bet Big on Hong Kong Expansion

Weekly Rewind

Princess Leia’s Gold Bikini Fetches Galactic Sum: Princess Leia’s famous gold bikini from Return of the Jedi has sold for a stunning $175,000 at auction. Worn by Carrie Fisher in her memorable scenes with Jabba the Hutt, the seven-piece set designed by Richard Miller achieved iconic status despite Fisher’s own critiques, describing it as a challenging and uncomfortable outfit, revealing in a 2016 interview that she initially thought George Lucas was ‘kidding’ when he presented the bikini to her. Despite her feelings about the costume, it became one of the most iconic outfits in film history. The auction also featured a miniature Y-Wing Starfighter from A New Hope, which sold for $1.55 million.

LEGO® Star Wars Ultimate Collector Set

LEGO®

Star Wars Ultimate Collector Set

This Star Wars asset is available for trading in the Timeless app.

Collectible Card Craze Grips China’s Youth: The collectible trading card market in China is experiencing a surge, reminiscent of the 1990s boom when Little Racoons distributed cards featuring heroes from the classic novel Water Margin. Just as then, today’s market sees cards from franchises like My Little Pony becoming potentially valuable investments. Notably, a Twilight Sparkle card has been valued at 160,000 yuan, with Pinkie Pie cards fetching up to 50,000 yuan. This speculative frenzy, fueled by the cards’ low production costs and high resale value, echoes past concerns about addictive behaviours, prompting renewed scrutiny.

Pokémon 1998 Japanese Promo Tamamushi University P

Pokémon

1998 Japanese Promo Tamamushi University P

This collectible card asset is available for trading in the Timeless app.

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Top Auction Houses Bet Big on Hong Kong Expansion:  Sotheby’s has launched its first retail outlet in Hong Kong’s Central district, showcasing a range of high-end items from trainers to dinosaur fossils, with prices from HK$5,000 to HK$50 million ($640,000 to $6.4 million). This move comes despite recent dips in China’s luxury spending due to economic downturns. Sotheby’s is banking on Asia’s long-term appeal and plans similar stores in New York and Paris, reflecting a strategic push to tap into the region’s growing wealth and collector interest. They’re not alone –  Christie’s, and Bonhams are also racing to expand their Hong Kong presence, aiming to capture a growing market of young Asian buyers.

Further Reading

Michael Jackson’s Original Artwork Headed to Auction

Car Classics—Including Rare Ferraris—Going up for Auction in California and Germany


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