The News Review:
- Michael Jackson sues to get memorabilia back
- Gandhi’s Items Bring Auction House Huge Commission
- Gottschalks gets auction extension
- China says bronze bidder acted on his own
Michael Jackson sues to get memorabilia back
Los Angeles Times
The auction house’s owner said several items had been returned including three cars. By David Colker7:50 PM PST March 5 2009A faded superstar claims memorabilia was stolen from him but this time it’s not.
Gandhi’s Items Bring Auction House Huge Commission
Bernama
8 million at an auction in New York Friday brought US$296000 in commission for the auction house the Antiquorum Auctioneers said the semi-official Press Trust of India news agency Saturday. A day after the articles were sold the auction house said that Gandhi’s pocket watch sandals glasses bowl and plate fetched a total of US$2. 096 million commission included according to the report. The items were bought by Indian liquor baron Vijay Mallya from American collector James tis who got US$1.
Related from Limosuineorangecounty: Michael Jackson Auctioning Awards Albums and ther Personal Items
Gottschalks gets auction extension
Bizjournals.com
_34E0BB118D764763BE5B5EDD2E1AF193. has been approved for a two-week extension to auction the bankrupt department-store chain after receving “multiple potential buyers” according to the company. The Fresno-based chain — which has five Sacramento-area stores — filed for Chapter 11 bankruptcy protection Jan. 14 after continuing losses and declining revenue in recent years. A bankruptcy judge approved an employee retention and executive incentive plan Tuesday along with extending the auction of the regional retailer to March 30. “We are pleased the court has extended the auction date and we continue to negotiate in good faith with potential buyers to keep Gottschalks as a going concern” said Gottshcalks chairman and chief executive officer Jim Famalette who would not comment on possible buyers and negotiations for the 58-store chain.
China says bronze bidder acted on his own
Reuters
“The bidding was completely a personal behavior” the official Xinhua news agency quoted Shan as saying in an English-language report. “The (administration) had nothing to do with it” he said adding his department had no idea who the bidder was until he identified himself earlier this week. Before the auction France was already the target of Chinese public ire because President Nicolas Sarkozy had met the Dalai Lama whom China brands a separatist. Five other bronze heads looted from the Summer Palace are still unaccounted for and it is unknown if they were destroyed or are in private collections. (Reporting by Ben Blanchard; Editing by Sanjeev Miglani).