April 27, 1996 in Nation/World

Jackie Onassis Auction Nets A Cool $34.5 Million Jfk’s Famous Rocking Chair Sold To Songwriter For More Than A Song

Boston Globe
 

The four-day Jackie O. auction at Sotheby’s finished up Friday, bringing in a total of $34.5 million, seven times what the appraisers had estimated before it began.

The last item on the block was the late Mrs. Onassis’ 1992 BMW 325i sedan, which fetched $70,000.

This was something of an anticlimax to the next-to-last item - one of President John F. Kennedy’s rocking chairs, which sold for $410,000 to songwriter Carole Bayer Sager, who bought it as a wedding present for her husband-to-be.

Another rocking chair was auctioned off Tuesday for $400,000.

Sotheby’s also announced Friday that Arnold Schwarzenegger bought JFK’s golf woods Thursday night for a cool $700,000. The action-hero actor is married to Kennedy’s niece, Maria Shriver.

Schwarzenegger, who had called in his bids from Los Angeles, also won the leather covers for the woods ($30,000) and a Norman Rockwell portrait of JFK ($125,000).

Most of the money from the auction reportedly will go to John Jr. and Caroline, though the Internal Revenue Service will undoubtedly take its share.


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