All articles tagged with #auctions
Billy Joel is auctioning more than 70 classic motorcycles at the inaugural Rétromobile New York sale at the Javits Center on Nov. 20–21. Proceeds will support The Joel Foundation.
Libbie Mugrabi refuses to vacate the $25M Bridgehampton mansion after a court-ordered foreclosure auction, with her attorney filing to invalidate the sale; Mugrabi says a lender is ready to back a loan to keep the home, using a Basquiat painting as collateral, while Henry Ikezi won the auction for $5.86 million, though the outcome may still be challenged in court.
Singapore is auctioning off hundreds of seized luxury items—including Hermès, Cartier and Louis Vuitton pieces—along with cars, watches, Bearbricks, cash and real estate, from a multi‑billion‑dollar money‑laundering investigation that involved hundreds of officers. The assets, valued at over S$3 billion (about $2.4 billion), are being sold across 15 online and in‑person auctions to avoid flooding the market, with proceeds going to Singapore’s treasury. Deloitte is liquidating real estate while Hotlotz runs the auctions from Singapore’s high‑security Freeport; bidders worldwide can participate. Ten Chinese nationals were convicted; 17 suspects remain overseas, with many assets surrendered in exchange for Interpol notices being withdrawn.
The FTC and 22 states filed a lawsuit against Amazon, alleging the company secretly added undisclosed 'soft reserve prices' to its ad auctions since 2019, inflating costs for more than 1 million advertisers (including over 500,000 SMBs) and potentially generating tens of billions in extra revenue. Amazon disputes the claims, saying its auctions are second-price with ad relevance, and there is no established claims process for advertisers yet. The case seeks monetary relief and is proceeding in U.S. District Court for the Western District of Washington.
The FTC and 22 states filed suit alleging Amazon secretly inflated online ad auction prices since 2019 by replacing actual auction results with higher, Amazon-set reserve prices, effectively overcharging advertisers by more than $20 billion. Amazon disputes the claims, saying its system uses relevance and price to determine winners and that reserve pricing is disclosed, while the case seeks injunctions, penalties, restitution and disgorgement.
The FTC, joined by 22 state attorneys general, accuses Amazon of secretly overcharging advertisers by adding a hidden 'soft reserve' to its ad auctions since 2019, potentially earning more than $20 billion; Amazon denies wrongdoing, saying the changes did not raise consumer prices and that its auctions saved advertisers money, while the case seeks civil penalties and restitution.
Celebrity stylist Law Roach explains his earnings journey: he began by charging about $700 per day, then rose to $1,500, $3,000 and $6,000 as he honed his craft, and today his rate varies by client with him noting he won’t work for less than $10,000 a day. He also revealed he used to earn around $22,000 a year working at a mental health facility before switching to styling, and he enjoys splurges like Hermès bags and buying adjacent houses to create a private compound, with auctions being one of his biggest vices.
The U.S. government sold $742 billion of Treasuries in nine auctions this week (mostly T-bills, with $157 billion in notes/bonds). Long-dated yields surged: the 30-year auction yield reached 5.216% (highest since 2001) and the 10-year at 4.683% (highest since 2007); in the secondary market, 30-year yields hovered around 5.26% and 10-year near 4.70%. The piece frames this as a reflection of mounting debt and inflation risk, with mixed views on Fed policy and potential implications for bond investors and currency dynamics.
A Wisconsin store owner uncovered nearly 100 unboxed, reportedly unreleased 1993 Super Mario Bros./Duck Hunt cartridges in storage. Five of the 97 copies earned a PSA 10/10 rating, a rare feat for Nintendo cartridges, and three top-rated copies are set to go on Goldin Auctions online starting Aug. 14, with potential values well into six figures or more given recent high prices for mint-condition Mario items.
Monterey Car Week could set a new all-time high for classic-car auctions, approaching $500 million according to Hagerty, driven by a surge in modern supercar demand from Millennials and Gen Z. While Boomer-era models lag, Ferraris and other modern icons command top bids, with standout sales like a 1996 McLaren F1 GTR estimated at $35 million and a 2025 Ferrari Daytona SP3 selling for $26 million, underscoring both record appetite and rising market volatility.
A container ship, the Seaspan Benefactor, paid about $4 million in a private Panama Canal auction to jump ahead of the queue amid record wait times driven by Iran-related congestion and ongoing canal maintenance, illustrating how buyers bid to bypass delays; auction prices have exceeded $1 million, while broader bottlenecks are compounded by El Niño‑driven drought that is restricting drafts.
A curated look at 10 ’80s car models that have transformed from affordable daily drivers into hot collectibles, with auction values ranging from about $13k to well over $2 million. Highlights include the rare 1987 Buick GNX and the Porsche 959, whose values showcase how rarity, performance, and pop culture pedestal the era’s cars into multi‑thousand to multi‑million dollar status, while models like the DeLorean DMC‑12 and Ferrari Testarossa remain highly sought after in the collector market.
Found in a Wisconsin storage, nearly 100 rare Nintendo cartridges—an unknown version of Super Mario Bros. and Duck Hunt—with unique labels, screws, and boards, three are headed to auction and could fetch millions, and some are PSA 10 graded; a seller says they were to be melted down for gold but were not destroyed.
A box found in Waukesha, Wisconsin contains nearly 100 copies of an unknown version of Super Mario Bros and Duck Hunt for the NES, printed two years after the last known production run and featuring distinct labels, screws, manuals and motherboards. The seller says Nintendo sent the cartridges to a metal-recovery service to be melted for gold, but they were never destroyed. Some cartridges are in pristine condition and have earned the first PSA 10 grades for NES games. Three cartridges are headed to auction this month and could fetch millions.
An overview of Honda’s nine rare production motorcycles, from the 1962 CR93 to the 2015 RC213V-S, explaining how tiny production runs, racing pedigree, and advanced engineering have made them highly sought-after collectibles, with auction prices ranging from tens of thousands to six figures.