Studio 54 Memorabilia auction

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  Auctioneer Rico Baca, of Palm Beach Modern Auctions, keeps the bids flowing during an auction of memorabilia from Studio 54 on Saturday Jan. 19, 2012 in West Palm Beach. The auction -- Steve Rubell: Studio 54 Memorabilia, 1970s & Important Modern -- featured more than 400 items, including stylized furniture, disco album compilations and Andy Warhol watercolors. It was open to the public. MARSHA HALPER / Miami Herald Staff

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  Andy Warhol's "Unpeeled Banana," the LP cover he designed for The Velvet Underground, was among more than 400 items open to bid on at the auction. MARSHA HALPER / Miami Herald Staff

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  Potential bidders scrutinize their programs beneath a Fontana Arte Italian chandelier, which was also up for bid. MARSHA HALPER / Miami Herald Staff

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  Performer and impersonator Electra, center, is ready to hand out heart-shaped lollipops. Electra performed at the famed New York City Nightclub in the 1980s. Studio 54 co-founder and co-creator Steve Rubell is depicted in the painting at right. MARSHA HALPER / Miami Herald Staff

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  Art handler J.C. Newsome holds an original John Marin watercolor for inspection by Gloria List, center, of Santa Fe, New Mexico, and Kelly Klein of West Palm Beach. MARSHA HALPER / Miami Herald Staff

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  Susan Keenan of West Palm Beach surveys some of the Studio 54 memorabilia before the auction began. MARSHA HALPER / Miami Herald Staff

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  Fort Lauderdale residents Sal DeFalco, left front, and partner Claude Tant laugh delightedly when a photo including DeFalco, Diana Ross and Billy Goodson fetches a bid of $1,600 at an auction of memorabilia from Studio 54. DeFalco was a bartender at the famed New York City nightclub. MARSHA HALPER / Miami Herald Staff

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  Tommy Morrison of Palm Beach, right, standing with his father, Carlos Morrison, bids on two photographs. Morrison successfully bid $2,100 for two photographs -- one of Studio 54 co-founder and co-creator Steve Rubell and one of Rubell, Diana Ross and Halston. MARSHA HALPER / Miami Herald Staff

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  A bronze sculpture by Sergio Bustamente was among more than 400 items featured in the auction. MARSHA HALPER / Miami Herald Staff

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  Ray Lucchetti smiles as he strolls among Studio 54 memorabilia to be auctioned, including Don Robinson's painting, "Water Palace." MARSHA HALPER / Miami Herald Staff

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  Jackie, left, and Stanley Friedman of Miami Beach share table talk with Patricia Bone of Stuart, right. Stanley Friedman was attorney for Studio 54 co-founders and co-creators Steve Rubell and Ian Schrager. Jackie Friedman said she and Stanley used to enjoy dancing at the nightclub, but did not plan to bid on any items at the auction. "We're here for sentimental reasons. We're here to reinvent the past," she said. MARSHA HALPER / Miami Herald Staff

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  Photos of celebrities at famed New York City nightclub Studio 54 are among hundreds of items that were auctioned. MARSHA HALPER / Miami Herald Staff

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  Performer and impersonator Electra holds up a compilation disco album from Studio 54. Electra performed at the famed New York City Nightclub in the 1980s. MARSHA HALPER / Miami Herald Staff