The News Review:
- How to Navigate a Foreclosure Auction
- Rates mixed at weekly Treasury auction
- Chinese art market on tenterhooks amid bronzes row
- First edition Harry Potter sells for $19120
- RPT-UPDATE 1-HSBC plunges 24 pct during auction closes at HK$33
- UPDATED: KKR denies an auction victory
How to Navigate a Foreclosure Auction
Wall Street Journal Blogs
When it comes to real estate auctions the number one rule is focus: Bidders need to pay attention and move quickly when their house hits the block. And from what I witnessed Sunday at the Jacob K. Javits Convention Center in Manhattan keeping your eyes on the prize might not be easy.
Rates mixed at weekly Treasury auction
The Associated Press
Rates on three-month bills dropped to the lowest level since late January while rates on six-month bills rose. The Treasury Department auctioned $31 billion in three-month bills at a discount rate of 0. 24 percent down from 0. 28 percent last week.
Chinese art market on tenterhooks amid bronzes row
Reuters
It’s not the first time Sotheby’s and Christie’s have risked the wrath of Beijing as ever more expensive and rare artifacts ranging from Ming and Qing ceramics emperor’s jade seals and unique objets d’art from the emperor’s court were consigned to fuel the meteoric Chinese art market boom of the past decade. “This time things are different it’s very difficult to see where this will all lead” said a leading Chinese art dealer who used to work at a major auction house. Christie’s now auctions most of its Chinese art in Hong Kong which has a separate customs and legal jurisdiction but it also runs Forever International a partner auction firm in Beijing and often displays artifacts in China during pre-sale roadshows. “It’s regressive and seen as bullying tactics by a lot of people. I can’t say for sure there won’t be lasting implications” added the dealer who asked not to be named.
First edition Harry Potter sells for $19120
The Associated Press
“Harry Potter and the Philosopher’s Stone” was one of only 200 copies from the first printing issued with illustrated wrappers by London publisher Bloomsbury. The 1997 work about the boy wizard was published in the United States as “Harry Potter and the Sorcerer’s Stone” and includes an illustrated card signed by author J.
Related from Harrypotterstore: On Sale! Harry Potter Years 1-5 Giftsets on DVD & Blu-ray (Nov 11)
RPT-UPDATE 1-HSBC plunges 24 pct during auction closes at HK$33
Reuters
HK) plunged 24percent to close at HK$33 per share on Monday the lowest innearly 14 years as short sellers dumped the stock inanticipation of buying back after the bank completes its $17. 7billion rights issue brokers said. The stock nearly doubled its daily loss during Hong Kong’spost close auction period to end down HK$10. 5 at HK$33 after afund sold 11. 9 million shares two brokers told Reuters. “Throughout the day the buy orders were mininal but in theclosing auction a fund seems to have been able to push through abig sell order triggered by a 10 percent drop in the stock inLondon” said Peter Lai a director at DBS Vickers. London-traded shares of the company (.
UPDATED: KKR denies an auction victory
Reuters
Maybe the days of private equity paying eye-watering prices at auction really are over. Kohlberg Kravis Roberts has firmly denied a report in the .