Rabbi Joel Teitelbaum’s socks sell for $18K on eBay

Consider investing in the sock market.

Two pairs of three-foot-long white socks worn by a revered leader in the Hasidic Jewish community brought in a haul of nearly $18,000 on eBay this week. 

After an opening price of just 99 cents, socks worn by the late Grand Rabbi Joel Teitelbaum, the founder of the Satmar sect, sold for an impressive $11,600 on Sunday, after 88 bids. 

Those amazing feet were followed by a second auction for another pair of Teitelbaum’s hose, which sold on Tuesday for $6,200 with 43 bids. 

“Pair of long, white socks used by Rebbe Yoel Teitelbaum of Satmar,” the listing read. “Approx. 95 cm. Good condition. Stains.”

Teitelbaum died in 1979, and his stockings were handed down to his aide, Rabbi Mendel Greenberg, who subsequently gave them to Rabbi Leib Friedman of Lakewood, NJ, according to the listing.


Teitelbaum founded the Satmar sect of Hasidic Judaism. eBay

A letter signed by Friedman confirmed the garments’ authenticity.

“There’s a lot of people buying stuff because . . . an item that a rabbi wore has something holy in it,” said David Knobloch, who runs Rarity Auction House in Spring Valley, NY, and handled the recent sales.

Many members of the Hasidic community splurge on prayer books and garments previously used by rabbinical leaders, which they might bust out on the high holidays or when attending weddings. 


White stockings that once belonged to Rabbi Joel Teitelbaum
One pair of Teitelbaum’s socks fetched an impressive $11,600 after 88 bids. Courtesy of David Knobloch

“They won’t wear it on a regular Monday … they’ll use it for special occasions,” said Brooklyn-based Judaica collector Israel Clapman, 37. 

“In the Hasidic community, they’re not buying Ferraris or Bentleys, so rare Judaica is their way of flashing bling, of throwing money around.” 

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James Dolan eyes sale of Tao nightclub and restaurant empire

Billionaire James Dolan has quietly moved to auction off the upscale Tao nightclub and restaurant chain — a move that insiders said looks like a desperate bid to fund the ballooning tab for a costly project in another arm of his entertainment empire, The Post has learned.

The New York mogul’s Madison Square Garden Entertainment — the conglomerate that owns not only the landmark home to the New York Knicks and Rangers, but also Radio City Music Hall and the Rockettes, among other properties — has hired Goldman Sachs to explore a sale of Tao Group, sources close to the situation said.

First-round bids for Tao — whose pricey clubs have long been playgrounds for Wall Street financiers and celebrities like Leonardo DiCaprio, Bella Hadid and Justin Bieber — are being submitted now, two sources with knowledge of the situation said.

Houston Rockets and Golden Nugget Casino owner Tilman Fertitta is a rumored suitor for Tao, one of the sources said.

Insiders say James Dolan wants a premium price well above Morgan Stanley’s valuation as Tao expands beyond its New York City and Las Vegas base to the Middle East.
Robert Sabo for NY Post

Last month, a Morgan Stanley analyst calculated that Tao — which operates 32 New York City restaurants and clubs like Beauty & Essex, Lavo and Bar Moxy, as well as dozens of other venues in hotspots like London, Singapore and Dubai — was worth $524 million.

By that estimate, MSGE’s 67% stake in Tao would be worth $274 million, when subtracting Tao’s $85 million in debt. Insiders say that’s a sum that could help Dolan close a $600 million gap in the construction budget for the MSG Sphere, a state-of-the-art entertainment venue he’s building in Las Vegas whose price tag has nearly doubled to $2.2 billion.

Nevertheless, insiders say Dolan wants a premium price well above Morgan Stanley’s valuation as Tao expands beyond its New York City and Las Vegas base to the Middle East and Miami.

Tao’s pricey clubs have long been playgrounds for Wall Street financiers and celebrities like Leonardo DiCaprio, Bella Hadid, above, and Justin Bieber.
Getty Images for Tao Group Hospi

“Jim is looking at a 12 times Ebitda multiple,” a source with close knowledge of the sale said, which would be nearly $800 million. “It’s probably worth seven to eight.”

“Lots of rents on Tao properties are up in the next five years,” the source added, explaining why the multiple should be in the single digits. “You also have to continually reinvest.”

The source believes Dolan needing money to fund The Sphere might take a more reasonable price, although the source added that Dolan has a history of exploring and then canceling auctions.

The price tag of Dolan’s state-of-the-art entertainment venue Sphere has nearly doubled to $2.2 billion.
AP

MSGE declined to comment when contacted by The Post on Wednesday.

In 2017, Madison Square Garden had acquired its controlling stake in Tao for $181 million, with Tao founders Marc Packer, Rich Wolf, Noah Tepperberg and Jason Strauss retaining a minority stake in the business.

Tao has lately recovered from business woes that started even before the pandemic. The company was at risk of defaulting on its debt in 2019 after its revenue fell in half. MSG came in and loaned Tao $49 million after Tao lender JPMorgan refused to roll over its full $100 million loan, sources said.

Houston Rockets and Golden Nugget Casino owner Tilman Fertitta is a rumored suitor for Tao, sources said.
USA TODAY Sports

Last year, Tao Group paid $99 million to acquire Hakkasan Group — a global chain of upscale restaurants and clubs with outposts in London, Las Vegas the Middle East and Asia — a deal that was generally considered to be shrewd and lucrative, sources said.

Sources said the Tao sale looks like a key source of cash for Dolan as he looks to raise money for the MSG Sphere. On Dec. 22, the project announced it had borrowed $275 million from a JPMorgan-led lender group.

On Dec. 6, MSGE announced it was going to spin off its namesake arena, along with Radio City Music Hall, the Radio City Rockettes and Christmas Spectacular and other live-entertainment properties into a separate, publicly traded company this spring. Proceeds from that spinoff could total nearly $600 million if it’s successful, according to analysts.

Meanwhile, MSG Networks — the so-called regional sports networks, or RSNs that air local cable-TV broadcasts of Knicks games, as well as those of the NHL’s Rangers, New York Islanders and New Jersey Devils — will remain at the parent company that currently houses the Tao Group and the MSG Sphere.

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‘Superman,’ ‘Star Wars,’ other stories from movie-prop auction

A Christopher Reeve “Superman” outfit could fetch up to $500,0000 at an upcoming auction — making it the most expensive superhero costume in history.

The outfit is one of the most anticipated items from a movie-memorabilia sale by the online auction house Propstore, along with Darth Vader’s gloves from the original “Star Wars,” the Bible from “The Shawshank Redemption,” Santa’s sleigh from “Elf” and a “Gladiator” chariot.

Once tossed or given away at the end of filming, movie props have become huge business for collectors and museums, with items such as Dorothy’s ruby slippers from “The Wizard of Oz” being sold for $2 million at a 2012 auction. (Buyers Steven Spielberg and
Leonardo DiCaprio donated them to the Academy of Motion Picture Arts & Sciences in Los Angeles.)

Here are a few of the treasures from the Propstore auction, which begins Nov. 3. To register, click here.

Complete Superman costume from the 1978-1987 ‘Superman’ franchise

Propstore

Expected bid: ($287,270-$574,540)

Christopher Reeve’s Superman costume has a very personal link for Propstore founder Stephen Lane.

In the late 1990s, the collectible market was flooded with suits and capes that sellers claimed were authentic. Lane had recently set up his online business when a collector got in touch asking if he could tell if one particular Superman costume was the real deal.

The iconic costume was sketched by the first film’s award-winning designer Yvonne Blake, who had already passed away; but Lane discovered they were produced by Noel Howard in the English costume house Bermans & Nathans — who confirmed it.

“[Howard] was instrumental in the making of the costume because it was a really tricky one to construct,” Lane told The Post. “If you think back to the late seventies, Spandex didn’t exist in the form it does today, nor did Lycra. So, they were trying to find a costume that would fit around the form of Christopher Reeve.

The costume department of “Superman” struggled to find a sweat-proof and stretchy blue fabric.
Courtesy Everett Collection

“At the same time, they had major issues with the color because the blue would show sweat. In the end, [Howard] sourced this material from Germany which had a very specific weave of fabric — the elasticity they needed to hug around Reeve’s form, but it also wouldn’t show the sweat as he worked on all these high-action sequences.

“This is really one of the last superhero [movie costumes] which was made of this sort of soft and stretchy material,” Lane added. “Now they are heavy with a lot of body armor.”

Also surprising is that there were so few duplicates, and the outfits were reused in later films.

“The first and second ‘Superman’ films were made back-to-back, but we know which one each of the items in this costume comes from as they were numbered by the wardrobe department,” Lane said. “So the tunic part of this costume is from ‘Superman III,’ while the cloak was used in ‘Superman I’ and ‘II.’

Experts estimate there are just five or six complete original “Superman” costumes in private hands today.
Warner Bros

“It started life as a ‘flying cape’ — which means it had holes at the side to allow wires to go through [to make Reeve ‘fly’], but you can also see how they were stitched up so it could be repurposed for the next film because they were trying to keep budgets down.”

The costume was taken home by a wardrobe assistant who worked on the film, which was made in Britain. He then sold it via eBay, for $15,000, to the collector Lane helped all those years ago.

Stephen estimates there are just five or six complete original “Superman” costumes in private hands today. In 2019, one of the capes from the first film sold for $193,750, making it the most expensive superhero cape sold at auction.

Rock hammer Bible from ‘The Shawshank Redemption’

Propstore

Estimated price: $114,908-$172,362

This one isn’t just a prop — it’s also an important plot point.

The Bible, which opens to a cut-out hole for a rock hammer, is a moment of real discovery in the 1994 film about an audacious prison break.

Lane showed the Bible to “Shawshank” writer and director Frank Darabont, who confirmed it was the only one in existence. Creating the hole had been intensive work for the props
department.

Writer and director Frank Darabont says this is the only Bible prop from “The Shawshank Redemption” in existence.

“The cutting of all those pages into the shape of a rock hammer must have taken forever,” Lane said. “Today it might have been lasered or screen-cut, but [back] then someone would have been sitting there cutting through page by page of that Bible with a knife. It really is one of a kind.”

The object was brought in by someone who worked on the props for the film. Propstore negotiated a deal after “screen matching” — looking at the item in the movie, shot
by shot.

“It blew our minds that this bible was still in existence,” Lane said of himself and colleagues.

James Bond’s pilot helmet from ‘You Only Live Twice’

Propstore

Estimated price: $69,000-$114,000

There were just two of these helmets made for the classic James Bond film: one for Sean Connery and one for his stunt double, aviator Wing Commander Ken Wallace.

After being used to promote the 1967 film at the London department store Selfridges,
the headgear ended up in the care of Wallace — a real flying ace in WWII. It passed through various collectors, as well as a Bond exhibit, before going to auction.

Just two pilot helmets were made for “You Only Live Twice.”

Props and costumes from the Bond franchise, along with “Star Wars” and “Batman” films, are among the most popular for collectors, partly because their enduring popularity means they continue to be in the public eye.

Darth Vader’s gloves from “Star Wars: A New Hope”

Propstore

Estimated price: $172,000-$287,000

Just one pair of gloves was made for Darth Vader for the original 1977 “Star Wars” movie. After filming, they were used heavily for promotion.

“With this first film, no one expected it to be a success. [Writer-director] George Lucas had great reservations about its potential to even find an audience, let alone become the international phenomenon that it is today,” said Brandon Alinger, Propstore’s Chief Operations Officer and the author of the official book “Star Wars Costumes.”

“Most of the costumes were thrown away when production finished. The incredible thing is that there are very few components of this first Darth Vader costume that still exist — it is something of a legend among ‘Star Wars’ fans. There is part of the mask and then there are these gloves.”

Propstore verified them through photo-matching.

Darth Vader’s costume was heavily used for promotion of the original “Star Wars.”
Lucasfilm Ltd.

“You can even see the same little tiny fold lines as were in the gloves 46 years ago, which is kind of amazing,” Alinger said. “The gloves had a bit of a life after the filming of the original movie. Darth Vader was used to help promote the film, and the costume was flown from the UK, where the film was made, to Los Angeles where an actor called Bryce “Kermit” Eller would wear them in shopping malls and meet kids.

‘Eventually, the gloves made their way to a private collector … I can’t tell you how exciting it was to even touch them,” Alinger added. “There is arguably nothing more identifiable with Star Wars than Darth Vader, and so this auction object feels very special.’

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Ruth Bader Ginsburg auction brings in nearly $517K

A gold judicial collar made of glass beads that belonged to the late Justice Ruth Bader Ginsburg has sold at auction for $176,775.

The piece was part of a collection of about 75 items of Ginsburg’s that were sold to benefit charity. In total, bidders paid nearly $517,000 for items in the online auction which ended Friday. Sunday marks the two-year anniversary of the liberal icon’s death at 87.

The judicial collar was the item with the highest purchase price, and its sale marks the first time any of the late justice’s signature neckwear has been available for purchase. Her family donated some of the justices’ most well-known collars to the Smithsonian.

In addition to the collar, other items that were auctioned included: a gavel that sold for $20,400, a pair of Ginsburg’s opera glasses that sold for $10,837.50 and a shawl that sold for $12,750. A pair of her black lace gloves sold for $16,575 while a cream pair sold for $12,750.

The auction was conducted by Bonhams, which also conducted an online auction of her books that brought in $2.3 million. In April, some 150 items — including art Ginsburg displayed in her home and office — raised more than $800,000 for Washington National Opera, one of the late justice’s passions.

Proceeds from the latest sale will fund an endowment in Ginsburg’s honor benefitting SOS Children’s Villages, an organization that supports vulnerable children around the world. Ginsburg’s daughter-in-law, Patrice Michaels, is on the organization’s advisory board.

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