Archive for September, 2006

Mao Zedong portrait saved from auction

Saturday, September 30th, 2006

AuctionInfo.org
An iconic portrait of Mao Zedong, founder of Communist China, has been spared the auction block and will be permanently preserved in a museum, state media reported.
The original model for the Mao painting that hangs above Tiananmen Square was due for auction in June and had been expected to fetch as much as 1.2 million [...]

Great Falls gas stations sold at auction

Friday, September 29th, 2006

US Auction Info
Five former Sinclair gas stations were sold at auction here with total bids at $550,000, Higgenbotham Auctioneers said.
The bids are subject to confirmation by Sinclair Oil Corp. of Salt Lake City, which is getting out of retail gasoline sales in Montana and Idaho.
Three former stations in Great Falls were sold Tuesday, along with [...]

Christies extra October sales

Friday, September 29th, 2006

UK Auction Info
Christie’s launched extra October sales,and this year is offering art valued at 30 million pounds.
It aims not only at wealthy buyers vying for top lots like Peter Doig’s “Pink Mountain”, valued at 500-700,000 pounds, or Marlene Dumas’ “The Cover-Up” (350-450,000 pounds), but also at younger collectors looking for less expensive art.
Christie’s is also [...]

Half-price bid to settle debts after Australian auction ceases trading

Thursday, September 28th, 2006

Australian Auction Info
Businessman Jim Byrnes has offered 148 people who sold goods through his failed Cromwell’s Sydney auction house just 44c in the dollar for debts totalling $268,394.
Cromwell’s administrator Gavin Moss, who said in his report to creditors that the funds had been “misappropriated” from the company trust account, described the offer as “wishy-washy” and [...]

Arizona trust land auction canceled

Wednesday, September 27th, 2006

The Arizona State Land Department is calling off this week’s auctions of two prime pieces of residential land, one in northeast Phoenix’s Desert Ridge development and the other in Fountain Hills.
The auctions weren’t worth the agency’s time because no builders or investors are willing to pay the appraised prices of $150 million for a parcel [...]

Mystery couple buy ex-brothel at property auction

Wednesday, September 27th, 2006

UK Auction Info
The site of Reading’s most notorious brothel has been sold to a mystery married couple.
The 263 Club in Oxford Road and the Lost Sock launderette next door were bought together for £529,000 at a London auction on Tuesday, September 19, by the pair who wish to remain anonymous.
The massage parlour was uncovered as [...]

Dublin House prices Falling

Tuesday, September 26th, 2006

Irish Auction Info
The Sunday Independent reported yesterday that the extraordinary glut of houses coming on the Irish market this month has led to widespread falls in the prices being demanded by estate agents.
With nondescript detached houses without garages selling for €1.2m in recent times, in South Dublin, it shouldn’t be surprising that pricing at some [...]