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Meanwhile, a sapphire and diamond brooch belonging to singer Elton John failed to sell at an auction in England. Valued at close to $25,000, the art deco brooch which is shaped like a “J” was worn by the Sir Elton in his music video titled, I Don’t Wanna Go Out With You Like That, in 1988. In published reports before the auction, Bonham’s reportedly said that they were not worried about economic conditions for this sale because, “Diamonds have an enduring appeal.” After the brooch failed to sell, other reports on the Internet said that auction bosses blamed the current turbulent economic climate.
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