The News Review:
- Vick’s former home in Ga. fails to sell at auction
- At Foreclosure Auction Houses Sell in a Frenzy
- Chinese art market on tenterhooks amid bronzes row
- More homes condos on auction block
- Rates mixed at weekly Treasury auction
- Loan should allow Mo. family to stay in cave home
Vick’s former home in Ga. fails to sell at auction
The Associated Press
fails to sell at auctionBy PAUL NEWBERRY – 4 hours ago BUFRD Ga. (AP) — Anyone in the market for an eight-bedroom 11-bath home owned by one of the most notorious quarterbacks in NFL history?Well it’s still available. Michael Vick’s gated-community home in suburban Atlanta went up for auction Tuesday with a minimum price of $3. 2 million — a half-million dollars less than Vick paid before he moved into the luxurious dwelling in 2005. But no one showed with the qualifying payment of $160000 which was required just to start the bidding. Vick is in the closing months of a nearly two-year sentence for his role in funding a dogfighting ring a criminal case that left the once-celebrated Atlanta Falcons quarterback in financial shambles. He is scheduled to be released July 20 and could be transferred to home confinement as early as May 21.
At Foreclosure Auction Houses Sell in a Frenzy
New York Times
“The economy is much more severe these days” Mr. “We’re seeing more foreclosures than any other time in the 19 years we’ve been in business and we have auctions almost every day all across the country sometimes more than one auction a day. ”utside the Javits Center some 20 protesters — among them labor leaders antiwar activists and someone from City Councilman.
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.
More homes condos on auction block
Atlanta Journal Constitution
A three-day auction of 200 or more properties is scheduled to begin Friday at the Atlanta Marriott Northwest. These are homes the homeowners lost after defaulting on their mortgages.
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.
Related from Worlddiamondcongress2008: Treasury Dpt. to Auction Loose Diamonds in NYC on Mar. 20
Loan should allow Mo. family to stay in cave home
The Associated Press
” To celebrate: “We’re throwing a party at a friend’s cave” he said. Curt and Deborah Sleeper fell in love with the unique geography of an old mining cave in 2004 and figured out how to build a house inside of it. But they were having trouble making a large payment that was coming due on the property prompting them to put their home up for auction on eBay. They no longer plan to auction the home through the Web site but Sleeper says the house will remain there until paperwork is completed on the loan. Jon Demarest owner of Logical Source Inc. confirmed that his the Fairfield N.