News and updates from around the arts and auction community:

• It wasn’t that long ago that no one thought there would ever be a million-dollar baseball card. But that figure seems cheap, now, compared to the $3.12 million price a collector paid on Saturday night for the “granddaddy” of all American sports cards. [Read more from Yahoo Finance]

• A sharp-eyed art historian visiting one of Scotland’s stately homes took one look at a painting tucked away in a corner, and knew it was something special. “Crikey! It looks like a Raphael,” the expert said. And he was right. [Read more from Britain’s Guardian]

• The El Fidel, a landmark New Mexico hotel that defied Prohibition laws in the 1920s and made headlines when a reporter gunned down a judge on the premises, is headed to auction.  [Read more from the Las Vegas Optic]

• There’s a cast-bronze monument in Manhattan that’s dedicated to the ferry passengers who perished half a century ago when a gargantuan octopus dragged the boat to the bottom of the river. If you don’t remember hearing about that disaster, maybe it’s because the artist made it up. [Read more from the Associated Press]

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