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...The government also plans to announce the successful bidders from a November auction for 20 mining blocks next month....
...Qatar has been interested in auction houses in the past....
...The South Korean semiconductor companies typically bundle used equipment into packages before selling them to dealers who put them up for sale at auctions....
...After taking the keys to the auction house, Drahi then layered on hundreds of millions of dollars more debt by mortgaging off Sotheby’s trophy properties in London and New York....
Success of biosimilars in lowering prices will depend on decisions from powerful pharmacy benefit managers
...Will Lina Khan be left holding the bag? On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...Auction sales in China fell 3 per cent, making it the second biggest market in this arena in 2023, after the US. Because of the Allen sale, Christie’s had the greatest fall at auction, of 30 per cent....
...Harsher financial realities apply to the auction houses themselves....
...April’s Hong Kong sales totals for Modern and contemporary art at Sotheby’s and Poly Auction were down considerably this year....
...Rybolovlev said that given the scale of his investment and business holdings, he relied on deputies to handle the logistics of his art purchases....
Thank [expletive] for Michael O’Leary
...Rybolovlev became a collector of valuable artwork after selling his holdings in Russian potash fertiliser producer Uralkali for $6.5bn in 2010....
...auction....
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
...Handler said late on Wednesday that he had sold 1.5mn shares, about 7 per cent of his total holdings in Jefferies, at $43.50 each....
...Hertz’s majority owners, two little-known private equity firms called Knighthead Capital and Certares, had made two bold bets after their $2bn equity investment won the auction to bring Hertz out of bankruptcy...
...The heavily-underwritten auctions reflected a nervousness, later realised, that demand would be slow....
Carriers have come to rely on check-in charges as a source of revenue but face new disclosure rules
Plus, Unilever’s love for ice cream melts and European investment bank bonuses drop more than US
...Sotheby’s lawyers maintained the auction house was just doing its job: selling art. “That’s what auction houses do . . . that’s how the business works,” Asner said during closing arguments....
...Even in the depths of the global financial crisis of 2008-09, the Yves Saint Laurent sale, masterfully orchestrated by Christie’s, racked up $484mn — holding, for a long time, the record for a single-owner...
...Holding Whitbread shares can get you a free breakfast in a Premier Inn. As for the investments themselves, too many factors come into play and the sample is too small to be conclusive....
...Four years later, Rybolovlev resold the work at auction, this time at Christie’s, for a record-shattering $450mn....
...The tender came after Argentina’s central bank, — directed by economy minister Luis Caputo’s former investment bank colleague Santiago Bausili — on Monday moved to discourage banks from holding the short-term...
...Like . . . remember when Saudi Arabia threatened to sell all its Treasury holdings if Congress passed a bill that meant it could be held liable for the 9/11 attacks? Yes, that’s what I mean!...
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