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...“Investors see the opportunity in Spain, both coastal and urban.” The survey underscores the broadly buoyant mood in the hospitality sector that has driven a return to dealmaking after the pandemic....
...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....
...for the same reasons, according to a person close to the auction....
...And in recent years, the securitisation market has become a welcoming home to deals backed by everything from music rights to software companies’ private credit loans....
...Harsher financial realities apply to the auction houses themselves....
...On the rise are artist agencies, which act more like sports management companies rather than as partners, who share in the upside — and sometimes downside — of their wards....
...Rybolovlev — the owner of the AS Monaco football club, who amassed a fortune worth more than $7bn through the sale of his fertiliser company — was a constant presence in the courtroom, testifying and following...
...Four years later, Rybolovlev resold the work at auction, this time at Christie’s, for a record-shattering $450mn....
...“When the largest company in this industry with such profound reputation does these actions, it makes it incredibly difficult for clients like me . . . to understand what’s going on,” Rybolovlev said....
...Sotheby’s brought in Martin and his previous company, Orion Analytical, after it found a painting that the auction house had sold privately as by Frans Hals for £8.4mn was a modern forgery....
...Selling art to Bouvier was in the company’s interests, it has argued, claiming it had no idea he planned to quickly flip the works for millions of dollars more than what he paid....
...The gusts off the Atlantic Ocean and North Sea, and shallow coastal waters, means it has the greatest wind energy potential in Europe. So far, it has capitalised well on that advantage....
...US Steel shareholders will receive a takeover price more than double the company’s trading value prior to an auction launched this summer. However, closing the deal may prove tricky....
...Its value depends on how costly and perishable the cargo is and an auction discriminates efficiently and openly....
...Sotheby’s Real Estate was spun off from the auction house — the venue for Azar’s launch party — in 1976....
...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...
...Auctions for bandwidth hit a record in 2021 when Verizon bid more than $45bn. Yet many smartphone customers struggle to notice any difference....
...“The question in the background was: ‘if Apple is going to have an auction for that prime placement, what should Google have done?’”...
...This includes a new design section of seven studios, such as Mumbai’s Atelier Ashiesh Shah and the specialist wallpaper and fabrics company de Gournay....
...In a recent building auction she was running, she recalled, she kept a cast of mostly male billionaires and big developers cooling their heels....
...A lawsuit launched by Rybolovlev against Sotheby’s, the auction house, is not part of the settlement....
...It’s a huge price for a company that was trading at half the buyout value prior to the auction and bidding war that kicked off in late summer....
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...As for the contest for the company’s assets, MFN’s bankruptcy financing to fund Yellow’s auction is already looking prescient....
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