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Auctions

All articles tagged with #auctions

markets9 days ago

Treasury Selloff Pushes Long-Term Yields to Decade-Plus Highs After $742B Week

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.

Hidden 1993 Nintendo Cartridges Could Fetch Millions at Auction
entertainment10 days ago

Hidden 1993 Nintendo Cartridges Could Fetch Millions at Auction

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 Eyes Half-Billion Dollar Auction Week
business12 days ago

Monterey Car Week Eyes Half-Billion Dollar Auction Week

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.

Seaspan Benefactor Bypasses Panama Canal Queue with $4 Million Bid
business12 days ago

Seaspan Benefactor Bypasses Panama Canal Queue with $4 Million Bid

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.

Eighties Dream Machines Now Command Big Bucks at Auctions
autos14 days ago

Eighties Dream Machines Now Command Big Bucks at Auctions

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.

Rare unknown-version NES cartridges from Wisconsin could fetch millions
technology15 days ago

Rare unknown-version NES cartridges from Wisconsin could fetch millions

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.

Tech Wealth Sparks Record-Setting Half-Year in Art, Fossils, and Watches
business1 month ago

Tech Wealth Sparks Record-Setting Half-Year in Art, Fossils, and Watches

Major auction houses posted nearly $10 billion in the first half of 2026 as AI- and tech-driven wealth fuels a broad rebound in art, watches, cars, diamonds and even dinosaur fossils; standout sales include Pollock’s Number 7A for $181 million and a Tyrannosaurus rex fossil, ‘Gus,’ for $50.1 million—the most ever for a fossil. The surge spans online bidding and younger buyers, with Christie’s reporting 30% of buyers new to the house, 47% millennials or younger, and 85% of bids placed online.

Gus the T. rex goes under the hammer with a $20–30 million estimate at Sotheby’s
business2 months ago

Gus the T. rex goes under the hammer with a $20–30 million estimate at Sotheby’s

Sotheby’s will auction a 67-million-year-old Tyrannosaurus rex nicknamed Gus for a pre-auction estimate of $20–$30 million, the highest ever for a dinosaur fossil. Discovered in 2021 on a South Dakota cattle ranch by Theropoda Expeditions, the nearly complete skeleton goes on sale July 14, highlighting Sotheby’s ongoing bet on fossil sales as a luxury market. Past high-profile dinosaur auctions include Griffin’s Stegosaurus Apex (sold for $44.6 million) and other T. rexes such as Sue and Stan; bidders are typically private collectors who often loan acquisitions to museums.

Ryan Cohen Nets $168k Selling Personal Items on eBay as Publicity Stunt Linked to GameStop Bid
business3 months ago

Ryan Cohen Nets $168k Selling Personal Items on eBay as Publicity Stunt Linked to GameStop Bid

GameStop CEO Ryan Cohen earned $168,421.39 by selling his personal items on eBay for about a week, including a Halo 2 Master Chief statue that fetched $15,100. The stunt accompanied Cohen’s unsolicited bid for eBay, which GameStop rejected, and the total represents a tiny fraction of the proposed deal, with Cohen’s eBay profile briefly suspended due to high-price listings.

Turks and Caicos Beachfront Villa Heads to No-Reserve Auction at $50M
real-estate5 months ago

Turks and Caicos Beachfront Villa Heads to No-Reserve Auction at $50M

Fabrice Grinda’s Triton Luxury Villa in Turks and Caicos — a 7-acre, 18,300-square-foot estate with 15 bedrooms, a main house, four guest bungalows, staff housing, four sport courts, two pools and planned solar panels — is heading to a no-reserve live auction on April 17 for $50 million, after Grinda bought it in 2019 for $11.5 million and spent more than $30 million renovating; the property has hosted reality-TV casts and has nightly rentals around $8,000, with the listing originally asking $30 million in 2022 before moving to auction to speed sale.

Vanthournout Collection Headlines Christie’s Modern Visionaries Series
art7 months ago

Vanthournout Collection Headlines Christie’s Modern Visionaries Series

Christie’s features the Roger & Josette Vanthournout Collection as the centerpiece of its Modern Visionaries sale in London, spanning Surrealism to Post-War avant-garde with works by Magritte, Ernst, Kusama and others; the collection is being presented in three dedicated auctions — Evening Sale on March 5, Day Sale on March 6, and an online sale running Feb 25–Mar 10, 2026 — with global previews in Brussels, Hong Kong, New York and Paris.