The News Review:
- Chinese bidder says will not pay for relics bought at Paris auction
- Last ditch appeal to stop Gandhi auction
- Sports memorabilia Mercedes on Agape auction block
- BND REPRT: Treasurys Trade Down With Auction Deficit In Focus
Chinese bidder says will not pay for relics bought at Paris auction
AFP
The sensational announcement was the latest twist to a 150-year-old drama over the bronze rabbit and rat heads which British and French forces stole from China’s imperial Summer Palace towards the end of the Second pium War. The bronzes part of the art collection of late French fashion designer Yves Saint Laurent and his partner Pierre Berge sold for 15. 7 million euros (20. 3 million dollars) each at the Christie’s auction in Paris last week.
Related from Recollets: DIARY-France to March 31
Last ditch appeal to stop Gandhi auction
AFP
“But according to my information the government has made no effort yet to contact anyone from Antiquorum. I am really getting anxious” said Tushar Gandhi who heads the Mahatma Gandhi Foundation in Mumbai and describes the sale as a “grave insult”. The Press Trust of India however quoted government officials as saying New Delhi was considering legal steps to stall the auction. “We are seriously examining other means including legal action to stop the auction” it quoted an unnamed government official as saying. fficials from India’s Culture Ministry held a closed-door meeting Monday with experts from the government’s legal wing on the issue it added. n Friday India’s Culture Minister Ambika Soni told the news agency that “whatever can be done is being done to ensure that articles are not auctioned”. But on Sunday auctioneer Julien Schaerer said that despite an outcry in India over the sale the auction house had not been contacted by India.
Sports memorabilia Mercedes on Agape auction block
Newsday
on April 7 in a separate auction at the Plainview location of the proposed auctioneer David R. “We will auction other items as they become available” Silverman said.
BND REPRT: Treasurys Trade Down With Auction Deficit In Focus
CNNMoney.com
Indirect bidders a class of investors that includes foreign central banksbought 38. 7% of the notes up for bid. While there isn’t a previous sale to compare this one to it can be said thatmore than a quarter of the offering going to indirect bidders has the makings ofa new auction said Andrew Brenner co-head of structured products and emergingmarkets at MF Global. The return of a long-retired maturity is part of the government’s plan toincrease bond issuance to finance all of the programs and stimulus enacted bythe Federal Reserve and Congress in the hopes of stabilizing financial marketsand helping bring the recession to an end. n Tuesday the Treasury sold $40 billion in two-year notes followed by $32billion in five-year notes (UST5YR) on Wednesday. Both sales received decentoverall demand from investors but they failed to inspire a rebound for thebroader market. Shorter maturities fared better as a trio of U.