This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Items From Famed Nightclub Studio 54 Go To Auction

By MATT SEDENSKY

WEST PALM BEACH, Fla. (AP) â¿¿ A trove of memorabilia from Studio 54 is going up for bid in an auction that is resurrecting those long-ago nights at the iconic 1970s clubhouse with a legacy greater than its lifespan.

Mementos kept by the late Studio 54 co-owner Steve Rubell, including paparazzi photographs, letters and artwork once belonging to the New York club's A-list guests, are being auctioned off Saturday in West Palm Beach.

The items give a fascinating glimpse of life at 54: photographer Fran Lebowitz shoulder-to-shoulder with pop artist Andy Warhol. A stone-faced Frank Sinatra staring off in the distance. Diana Ross, arms flailing on the dance floor. Robin Williams, Dustin Hoffman, Michael Jackson, Elton John, Cher â¿¿ and on and on and on.

Rubell's partner, Bill Hamilton, finally decided to part with the treasures, more than 23 years after Rubell's death at the age of 45. The boxes of newspaper clippings, photographs and everything else had spent decades in their apartment on West 55th Street in Manhattan, where Hamilton still lives.

Giving up the items was hard, said Hamilton, who was too young to ever enjoy Studio 54 himself. He decided to auction them, in part, because he got married last year and wanted to shed some of his possessions. But as he took a final look at the photos, he was reminded of Rubell's generosity and how much fun he helped create.

"He really just wanted you to have a good time. And he might have just met you and he invited you into the club, but he was going to make sure you remember it," he said. "These people from 1978, 1979 are still living those nights."

Rubell and Ian Shrager opened Studio 54 in 1977 and sold it in 1981, after they "got out of camp," as they called prison, where they served time on charges of federal income-tax evasion. It continued operating under different management for years afterward.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,695.48 -80.64 -0.45%
S&P 500 2,054.32 -13.57 -0.66%
NASDAQ 4,857.2220 -43.6630 -0.89%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs