The News Review:
- 2 letters from Titanic passengers up for auction
- US 6-month T-bill auction has lowest yield ever
- India Defers 3G Bandwidth Auction By 15 Days-fficial
- Know your antiques to find auction bargains
- Warhol Hirst Works Languish as Prices Plummet at End of 2008
- Muni Bond Sales Drying Up as States Face $42 Billion Shortfall
- ld NC mansion goes on sale in online auction
2 letters from Titanic passengers up for auction
Houston Chronicle United States
‘Titanic’” will be offered in New York City and online Jan. 16 by Spink Smythe a Dallas New York and London-based auction house. Robert Litzenberger a historical autograph specialist at Spink Smythe’s Dallas office said the letters are expected to sell for $10000 to $20000 each. The auction house said the letters were put in the mail from Southampton England just before the ship departed on April 10 1912 for New York. The ship on its maiden voyage struck an iceberg and sank early on the morning of April 14. In a letter dated April 10 Adolphe Saalfeld chairman of an English pharmacy company wrote to his wife that he’d just spent hours roaming about “this wonderful boat.
US 6-month T-bill auction has lowest yield ever
Reuters
6-month T-bill auction has lowest yield ever| Markets| Bonds News| Reuters. Treasury said itsauction of 6-month bills on Monday brought the lowest yieldever for the maturity underscoring continued investor demandfor the lowest risk assets.
India Defers 3G Bandwidth Auction By 15 Days-fficial
CNNMoney.com
) NEW DELHI -(Dow Jones)- India has postponed the auctions of third-generationor 3G radio bandwidth for mobile services by 15 days a federaltelecommunications ministry official said Tuesday. “The basic reason (for postponement) is the lukewarm response” said theofficial who declined to be named. “Some bidders have also asked for apostponement by at least 15 days to study the provisions” of the bid process. The government was to auction radio bandwidth for 3G mobile services on Jan.
Know your antiques to find auction bargains
San Francisco Chronicle USA
tmpl –> Educated collectors find bargains. The more you know the more likely you are to find a sleeper at a house sale or auction. And it is also important to handle a piece to judge weight texture and quality. Recently a group of five blown-glass Champagne glasses were offered at auction. Each glass had a transparent globe on the stem with a tiny colored glass bird inside. The bowl and base of the glasses had lines of color swirled in the glass.
Warhol Hirst Works Languish as Prices Plummet at End of 2008
Bloomberg
?The estimates were fairly high andthe financial markets are so tough at the moment. ? Sotheby?s and Christie?s lost at least $50 million and $40million each from failed guarantees in their final-quarter sales. Auction houses are cutting staff abandoning guarantees of aprice to sellers and reducing estimates on individual works. Key sale items and dates since Hirst?s auction at Sotheby?sLondon raised a record 111. 5 million pounds ($162 million atcurrent rates) in a single-artist sale of new work: Southeast Asia Southeast Asian art was one of the few categories thatcontinued to shine in the economic gloom. 6: A painting of bloodied boxers by the Indonesianartist I.
Muni Bond Sales Drying Up as States Face $42 Billion Shortfall
Bloomberg
Next year sales will dropmore than 6 percent to about $364 billion the least since 2004based on an average of estimates from London-based Barclays PlcMerrill Lynch & Co. and Loop Capital Markets LLC. The combination of the worst financial crisis since WorldWar II and the collapse of the $330 billion auction-rate debtmarket will leave 41 states and the District of Columbia withshortfalls just as financing sources diminish. Merrill Lynch?sMunicipal Master Index which tracks 14000 bonds fell 4. 6percent this year the first decline since a 6. 34 percent dropin 1999. The biggest underwriters are merging or leaving thebusiness.
Related from Sales-monster: Muni Bond Sales Drying Up as States Face $42 Billion Shortfall
ld NC mansion goes on sale in online auction
WRAL.com NC
— ne of North Carolina’s landmark antebellum mansions is up for sale online in hopes of finding a buyer interested in a piece of history in the American South. Pembroke Hall is an 1850 Greek revival-style home in Edenton’s historic district on a two-acre bluff overlooking a bay. Its owners are trying to sell it for $1. 4 million on an Internet auction that started Dec. 11 and continues through Jan. 9 The Virginian-Pilot of Norfolk Va.