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Watches of Switzerland to trial AI tools for ESG; Maison Alcee teaches art of horology at home; special watch editions up for sale at inaugural British fair; onscreen jewellery draws crowd ahead of auctions; luxury brands stride into second- and third-tier UK cities
...The media tycoon told the Financial Times that he saw serious flaws with the secretive auction process, which led to high costs being run up at his bidding company in his attempt to win the National Lottery...
...Crucially, a smaller number would remove the small package of 20 games designed to attract tech and streaming companies in the 2018 auction that allowed Amazon to show games around key dates such as Christmas...
...Qatar has been interested in auction houses in the past....
...The UK’s failure to attract offshore wind developers in its latest renewable energy auction must be a “wake-up call” for the country, the head of one of the world’s biggest renewable energy companies has...
...The German company, which produces about 15 per cent of the UK’s electricity and is developing offshore wind projects in the UK, wants officials to rethink their approach ahead of the next auction round...
...Harsher financial realities apply to the auction houses themselves....
...The auction of the Telegraph has been paused while Lloyds Bank negotiates a deal that would leave control of the British newspaper with an Abu Dhabi-backed investment group....
...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....
...It comes a month after the media group, whose titles include German tabloid Bild and US website Politico, expressed interest in the auction for the parent company of The Daily Telegraph and The Spectator...
...Stancliffe said retail investors will initially only be able to participate in auctions of new gilts, but didn’t rule out access to “taps” — auctions to top up existing bonds — in the future....
...In September, the FDIC began its auction of Signature Bank’s assets and hired adviser Newmark to oversee the process....
Move aims at clearing short-term central bank debt which is almost 10% of South American country’s GDP
...Lloyds took control of the group after the Barclays failed to repay debts of more than £1.1bn, and kicked off an auction to sell the Telegraph Media Group and The Spectator....
...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....
...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....
...and storage, and all other intellectual property and assets have transferred to the new company.”...
...“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....
...(When I bought an antique desk at Bonhams in Edinburgh earlier this year, the company was able to transport it down to its London saleroom for half of what a third-party courier quoted.)...
...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....
...National World was a bidder in the previous auction for the Telegraph, which was derailed by the RedBird IMI offer, and used its annual results on Thursday to flag its interest....
...A pre-announced price cap was about a fifth below a recent Irish Sea auction. Some companies had moaned publicly about the proposed UK price. That offered a warning....
...The renewables auction allocation is used to determine how many renewables projects each round can support and is also dependent on power prices....
...This is more than what the Telegraph is likely to be valued at auction, according to analysts....
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