Who owns a chair taken from a dumpster? The police have decided that a Frank Lloyd Wright chair offered at auction wasn't stolen from S. C. Johnson Company. The chair, along with two others, had been "rescued" from a dumpster, then used for two years in the new owner's garage when he did repair work. He tried to sell them at two rummage sales then listed them on eBay. The chairs, some of the hundreds made in 1936 for the Johnson offices, sold to a dealer for $500, then at least one was sold to Wright Auction House in Chicago which put it up for sale. It brought $12,000. Some of the set of chairs are still in use at the company.
A bargain $280 was paid for a miniature painting a few months ago by a London art dealer. Research has shown that the miniature was by John Trumbell of Connecticut and is worth about $22,000. It's a 1793 picture of a Philadelphia lawyer. No news of how the dealer plans to sell it.
Marklin, the model train maker in Germany, was part of a private equity deal in 2006 but it has filed for bankruptcy. Restructuring failed because the company could not get new credit from the banks. Marklin hopes to use the time to restructure more effectively and save the company. The company was founded in 1859.