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...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....
...Other suitors are also expected to get involved in the auction for See Tickets, according to people close to the process, which is projected to experience high single-digit growth over the next few years...
...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....
...auction....
...The heavily-underwritten auctions reflected a nervousness, later realised, that demand would be slow....
...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....
...Four years later, Rybolovlev resold the work at auction, this time at Christie’s, for a record-shattering $450mn....
...Sotheby’s lawyers argued that Rybolovlev could not prove the auction house had involvement in any alleged wrongdoing....
...he relied on documents from Sotheby’s when making art purchases despite growing concerns about the high prices he was quoted, as he testified this week at a trial in a lawsuit he has brought against the auction...
...It could take some time to come out of Picasso’s shadow on the market, however: Gilot’s auction record stands at $1.3mn; Picasso’s at $179.4mn....
...“This tech is nothing new . . . if nanoimprint technology was a superior technology, I think it would have been up and running by now and in the market in volume,” said Richard Windsor, founder of research...
...And while most such collections take the auction route today, this is not the case here....
...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....
...This marked the second-highest price ever for a car at auction and was sold through RM Sotheby’s, 75 per cent owned by the auction house....
...Auctions for bandwidth hit a record in 2021 when Verizon bid more than $45bn. Yet many smartphone customers struggle to notice any difference....
...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....
...It comes to auction on December 6 and has a third-party guarantee....
...In a recent building auction she was running, she recalled, she kept a cast of mostly male billionaires and big developers cooling their heels....
...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...
...On that note, if you’d like to have lunch with me as part of the FT’s annual charity auction, there’s still time to place a bid....
...As for the contest for the company’s assets, MFN’s bankruptcy financing to fund Yellow’s auction is already looking prescient....
...A lawsuit launched by Rybolovlev against Sotheby’s, the auction house, is not part of the settlement....
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