Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $27,470
Woo hoo!! And the first 31% is in!! Thank you all very much!! God bless.

Keyword: auction

Brevity: Headers | « Text »

    05/03/2010 5:10:04 AM PDT · by SWAMPSNIPER · 7 replies · 540+ views
    self | May 03, 2010 | swampsniper
    Ths Crist portrait auction was ended before completion yesterday, anyone know why?
  • Chinese Bond Auction FAILS, As Investors Bet On Imminent Rate Hike

    04/28/2010 5:38:10 AM PDT · by blam · 7 replies · 317+ views
    The Business Insider ^ | 4-28-2010 | Vincent Fernando, CFA
    Chinese Bond Auction FAILS, As Investors Bet On Imminent Rate Hike Vincent Fernando, CFA Apr. 28, 2010, 7:26 AM China's latest 1-year bond auction failed to attract sufficient bids, reports the website Chinabond via Bloomberg. While government intended to sell 28 billion yuan in bonds, it was only able to raise 26.67 billion yuan in bids. The average yield was 1.49% with the highest winning bid at 1.6%. The bid to offer was just 1.22x, down from 2.12x last month according to Bloomberg. It's unclear why investors weren't willing to buy the bonds, perhaps the yields in the auction were...
  • Auction: Signed Copy OF “We The People” mosaic from the Glenn Beck Studio BY GLENN BECK (at $16.5K)

    04/06/2010 12:17:30 AM PDT · by STARWISE · 10 replies · 607+ views
    UPillar ^ | 4-5-10
    Proceeds go to the Special Operations Warrior Foundation. It’s the “We The People” mosaic from Glenn Beck Studios, signed by Glenn Beck! Now is your chance to own a piece of history. This thing is a massive 8' 3"x 7' 10"! Auction Info
  • Buy a Texas town! - The Grove, Tx - April 23, 24,25, 2010

    03/20/2010 1:25:52 PM PDT · by deport · 37 replies · 1,343+ views
    Beaumont Enterprise ^ | 3-20-2010 | The Bayou Blog
    Next Month you can buy a Texas Town. He's tried. For two years, Moody Anderson has attempted to sell the Texas "ghost town," The Groves. Even had it up on eBay. There were no takers. Fickle bunch, those eBay folks. The Groves is a made up of five buildings, each containing hundreds of collector's items. We'll let Texas Escapes give a proper description: "This is a very well preserved 1860’s museum town full of authentic, articles and artifacts from that era. There is also written documentation of The Grove’s birth to its desertion in the 40’s when TxDOT re-routed...
  • $31 Billion 4 Week Bill Prices At 0.08%, Primary Dealer Participation At 2010 Record, Indirects Flee

    03/02/2010 1:54:13 PM PST · by Cheap_Hessian · 7 replies · 308+ views
    ZeroHedge Blog ^ | March 2, 2010 | Tyler Durden
    * 76.46% allotted at high 0.08% * Median rate at 0.07%, low rate no longer 0.000% - now 0.04% * WI was bid at 0.08% at 11:30 - auction came exactly at price expected * Bid to Cover: 4.34, last week at 3.82 * Primary dealer bid: record $115.89 billion * Primary dealer hit ratio: 19.47% * Indirect hit ratio: 80% * Primary dealer take down at record high for 2010: 73.4%, compared to average 61.05% * Indirect take down at record low for 2010: 17.9%, compared to average 30.97% Comparing the Primary Dealer and Indirect Participation demonstrates that PDs...
  • 'Hudson miracle' plane departs for US auction (make an offer. Engines not included.)

    01/22/2010 10:19:37 AM PST · by NormsRevenge · 22 replies · 1,151+ views
    AFP on Yahoo ^ | 1/22/10 | AFP
    NEW YORK (AFP) – For sale: second-hand Airbus. Condition: total wreck with possible traces of goose feathers. The US Airways plane that Captain Chesley Sullenberger landed safely in the Hudson River a year ago after smashing into a flock of geese is on the auction block. Insurers AIG are hosting online bidding until March 27 for the Airbus A320, which is stored in a shed in New Jersey. Pictures on the website of the AIG subsidiary handling the sale show the intact fuselage, spooky rows of empty blue seats and the hastily abandoned cockpit. Engines are not provided and a...
  • Couple found dead hours before foreclosure auction

    01/15/2010 7:26:05 AM PST · by shineon · 38 replies · 1,918+ views
    Police believe a man facing a foreclosure auction yesterday took his own life after shooting his sick wife, shooting their horse, setting fire to the home they shared and torching his pickup truck.
  • Skull and crossbones of Yale secret society on sale at auction (NWO symbol auctioned?)

    01/06/2010 11:32:40 PM PST · by TigerLikesRooster · 12 replies · 929+ views
    The Times(UK) | 01/07/10 | James Bone
    From The Times January 7, 2010 Skull and crossbones of Yale secret society on sale at auction Christie?s is expecting bids of up to $20,000 for the collection in New York James Bone in New York A macabre artefact being sold in New York this month offers new insight into the mysterious Skull and Bones secret society that counts both former presidents Bush as members. The human skull and crossbones, apparently used as a ballot box, are to be auctioned at Christie’s New York on January 22 — with an estimate of $10,000-$20,000 — along with a book containing the...
  • George Washington letter smashes auction record

    12/05/2009 3:46:33 PM PST · by FromLori · 49 replies · 1,684+ views
    BBC ^ | 12/5/09
    A letter written by the first US President, George Washington, has sold at auction for $3.2m (£1.9m). The sale, at Christie's in New York, was a record for a letter written by Washington. The four-page letter was written in 1787 to the president's nephew, Bushrod Washington, and urges adoption of the country's new constitution. A partially written poem by Edgar Allan Poe sold for $830,500 - a record for a 19th Century literary manuscript. 'Power of the people' Christie's said the Washington letter had been owned by descendants of Bushrod Washington for more than 100 years. The buyer was not...
  • Detroit house auction flops for urban wasteland

    10/26/2009 3:08:48 AM PDT · by Westlander · 32 replies · 1,947+ views
    Reuters ^ | 1-26-2009 | Editing by Peter Bohan and John O'Callaghan
    DETROIT (Reuters) - In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded. Taken together, the properties seized by tax collectors for arrears and put up for sale last week represented an area the size of New York's Central Park. Total vacant land in Detroit now occupies an area almost the size of Boston, according to a Detroit Free Press estimate.
  • 1875 armagnac vieux bottles from Tour d’Argent to be auctioned

    10/16/2009 6:38:31 PM PDT · by bruinbirdman · 15 replies · 607+ views
    The Times ^ | 10/17/2009
    <p>Bottles of an 1875 armagnac vieux that had been forgotten in the large wine cellar of the Tour d’Argent restaurant in Paris are to be auctioned.</p>
  • 1788 cognac, 1875 wine on sale at Paris auction (Oenophile Alert!)

    10/16/2009 9:55:54 AM PDT · by NormsRevenge · 36 replies · 1,213+ views
    AP on Yahoo ^ | 10/16/09 | Angela Doland - ap
    PARIS – Over the years, the chief sommelier had forgotten they were there. And when the four bottles of 1875 Armagnac Vieux were finally unearthed from the labyrinthine wine cellar this week, they were covered in a black fungus that looked like matted cat fur. The landmark Tour d'Argent restaurant, which dates back to 1582, is cleaning out its 450,000-bottle wine cellar, considered one of the best and biggest in the world. It is putting 18,000 bottles up for auction in December, an event that has captured the imagination of French wine lovers. The restaurant is selling mostly wine but...
  • Chinese imperial throne breaks record

    10/08/2009 6:57:57 PM PDT · by Pan_Yan · 10 replies · 1,273+ views
    CNN ^ | updated 4:43 a.m. EDT, Thu October 8, 2009 | Pauline Chiou
    HONG KONG, China (CNN) -- An imperial "dragon" throne owned by a Chinese emperor set the world auction record for Chinese furniture Thursday, selling for about US $11 million. There was frenzied bidding among mainland, Hong Kong and Taiwan collectors at the Sotheby's auction in Hong Kong. Thirty-six bids came in 10 minutes, with tension building as a new telephone bidder jumped into the competition. "These mainland (China) buyers, mainland collectors are ready to pay the premium it takes to secure an object of this quality," said Nicolas Chow, international head of Chinese ceramics and art at Sotheby's. The winning...
  • Saratoga Yearling Sales LIVE (Thoroughbred Racehorse Auction)

    08/11/2009 4:36:08 PM PDT · by ml/nj · 9 replies · 598+ views
    Second and final night of the Saratoga Selected Yearling Sales. This is the premier sale of the summer. Even if you don't care about racing, I think it is interesting to observe the sale of a couple of these horses. Most draw six figures. Some get over a million. Bids are made solely upon breeding and conformation. These horse will not be asked to run until next year at the earliest. They will be eligible for the 2011 Kentucky Derby. This should continue until 10 PM EDT or so. ML/NJ
  • In Defense of Innovation

    08/11/2009 7:09:19 AM PDT · by Selkirk · 129+ views
    Political Castaway ^ | 8/11/2009 | Selkirk
    I can't resist. Because I see that the libtard website Firedoglake posted a hit piece on the perils of the free market, using the auction-rate securities market as a prime example, I have to respond. For one, because they're wrong, but there's nothing unusual about that. More importantly, when they're discussing the auction-rate securities market, they're kind of playing in my sandbox. And it seems like they brought a shovel, although it's not for digging sand, if you know what I mean.
  • UPDATE 1-US Treasury sets $75 bln refunding, to boost TIPS

    08/05/2009 9:27:55 AM PDT · by Erik Latranyi · 16 replies · 484+ views
    Reuters ^ | 5 August 2009 | David Lawder
    WASHINGTON, Aug 5 (Reuters) - The U.S. Treasury said on Wednesday it would sell $75 billion in debt next week in a record quarterly refunding and announced plans to gradually increase issuance of inflation-indexed notes as its borrowing to fight a recession grows. The Treasury said it would sell $37 billion in three-year notes US3YT=RR, $23 billion in 10-year notes US10YT=RR and $15 billion in 30-year bonds US30YT=RR, raising $14.9 billion in new cash. The refunding comes as the U.S. government continues to break new borrowing records, selling over $6 trillion in gross Treasury debt for the first 10 months...
  • $200K jolt awaits buyer of Rezko home (bank auction Aug.)

    07/22/2009 11:13:55 AM PDT · by STARWISE · 21 replies · 1,157+ views
    Chicago SunTimes ^ | 7-18-09 | Tim Novak
    WILMETTE | Home on auction block carries hefty back-tax burden A property tax bill of more than $200,000. That's the added cost that awaits whoever comes out on top in next month's auction of the foreclosed Wilmette mansion of convicted influence-peddler Tony Rezko. Records show Rezko stopped paying real estate taxes on the 8,400-square-foot mansion more than four years ago. He owes a total of $140,409.86 in back property taxes, plus $69,402.24 in interest. The new owner will have to pay that, says Cook County Treasurer Maria Pappas. Rezko stopped paying the taxes around the same time he stopped paying...
  • Hotel That Launched The Watergate Scandal Goes Up For Auction [Karma?]

    07/19/2009 8:57:29 PM PDT · by Steelfish · 16 replies · 661+ views
    London Times ^ | July 19th 2009
    July 20, 2009 Hotel that launched the Watergate scandal goes up for auction Tim Reid, Washington The Watergate Hotel, scene of the 1972 burglary that destroyed Richard Nixon’s presidency, is to be auctioned off tomorrow. The owners of the hotel, who bought it in 2004 with the hope of restoring it to its former glory as one of Washington’s most luxurious establishments, defaulted on a $40 million bank loan, and a repossession order expired last week. It is an extraordinary development for the hotel, which is part of the complex that gave its name to America’s greatest political scandal. President...
  • colmado_naranja now auctioning photo (more on Obama Kenya birth certificate)

    07/01/2009 4:39:32 AM PDT · by BykrBayb · 65 replies · 4,616+ views
    eBay ^ | July 1, 2009 | colmado_naranja
    Autographed photo of Smith and Andylenny, abroad. In airport. I want to thank all of the eBay community for their support in my last five auctions. Thank you for taking the time to write to me (I still haven't had time to answer everyone) and for your bids. I also want to thank everyone at WorldNetDaily for their continued coverage of my five previous auctions. I want to thank, as well. I want to thank everyone that forwarded news of my auctions to others, digitally or by spoken word. I want to thank all the attorneys as well as...
  • Yubari melons latest victims of recession (Only $5,200 for 2 - down from $26,000)

    05/16/2009 11:37:11 AM PDT · by Libloather · 6 replies · 1,064+ views
    Japan Times ^ | 5/16/09
    Yubari melons latest victims of recessionSaturday, May 16, 2009 The Associated Press The latest victim of the recession is round, sweet and famous for being shockingly expensive. The first two Yubari melons of the season were auctioned Friday in Hokkaido and fetched ¥500,000. Pricey? Certainly. But it's practically a steal if you consider last year's winning bid — a record ¥2.5 million. In 2007 they sold for ¥2 million. **SNIP** Weighing about 3.6 kg, the premium cantaloupes were part of the season's initial harvest at Sapporo Central Wholesale Market. Every year buyers flock to the market for a shot at...
  • Totus and pens

    05/08/2009 4:07:01 PM PDT · by gargoyle · 7 replies · 350+ views
    05-08-09 | gargoyle
    ...Is it me? When Obama became prrrresident, I wondered about the head movements. Ahhh, totus. But, what's with the pens when he signs a bill or a exec. order? Enough ink to print one letter? or sell them later?
  • Weak Treasury auction sends stocks lower

    05/07/2009 1:51:42 PM PDT · by RS_Rider · 15 replies · 794+ views
    AP Business Writers ^ | 05-07-2009 | TIM PARADIS and SARA LEPRO
    NEW YORK – Stocks are finishing lower after weak demand at a Treasury bond auction touched off worries about the government's ability to raise funds to fight the recession. The government had to pay greater interest than expected in an auction of 30-year Treasurys. That is worrisome to traders because it could signal that it will become harder for Washington to finance its ambitious economic recovery plans. The Dow Jones industrial average is down 102 at 8,410, the same amount it rose Wednesday. The S&P 500 index is down 12 at 907. The Nasdaq composite index is down 43 at...
  • $80 Million? Try a Tenth of That. Art’s New Numbers.

    05/03/2009 7:50:51 AM PDT · by TigerLikesRooster · 12 replies · 801+ views
    NYT ^ | 05/03/09 | CAROL VOGEL
    $80 Million? Try a Tenth of That. Art’s New Numbers. By CAROL VOGEL TWO Madoff victims and a hedge fund manager are among the sellers at this spring’s important auctions of Impressionist, modern and contemporary art. You could say a faint whiff of desperation is in the air: the catalogs are a shadow of what they were six months ago, as are the values and — for the most part — quality of the paintings, drawings and sculptures on offer. When the season kicks off at Sotheby’s on Tuesday night, the two most expensive works of the evening — and...
  • Purported Hitler Paintings Sell at Auction

    04/25/2009 12:16:07 AM PDT · by americanophile · 9 replies · 747+ views
    AOL News ^ | April 25, 2009 | MARTIN BENEDYK
    LUDLOW, England (April 24) -- What a British auction house claims are a set of paintings and sketches by a young Adolf Hitler sold at auction Thursday for $143,358. Among the 15 pictures is a portrait of solitary figure dressed in brown peering into wine-colored waters. The date is 1910, the signature reads "A. Hitler" and scribbled just over the mysterious figure are the letters: "A.H." So is this a portrait of the Fuehrer as a young man? "I don't think they're fakes," said Richard Westwood-Brookes, historical documents expert at auction house Mullocks that carried out the sale. He said...
  • Hitler Paintings 'Go Under the Hammer' in Germany

    04/17/2009 8:50:44 AM PDT · by nickcarraway · 21 replies · 1,141+ views
    Two signed watercolours by Adolf Hitler are set to be sold later this month at auction in Nuremberg in southern Germany, scene of the Nazi war crimes trials, a local paper reported Thursday. The two paintings -- entitled "Farmstead" and "Farm Buildings On The River" date from 1914 and would go under the hammer on April 25, the daily Nurnberger Abendzeitung said. The bidding was due to start at 3,500 euros (4,600 dollars), according to a catalogue published by the Weidler auction house, which is putting the works up for sale.
  • New Ways to Shop (grocery auction anyone?)

    04/14/2009 6:19:50 AM PDT · by TigerLikesRooster · 13 replies · 867+ views
    New Ways to Shop In an economically challenged world, people may need to acquire a host of additional skills, even when it comes to carrying out simple or mundane tasks. In fact, based on the following USA Today report, "Food Auctions Thrive During Recession," the extra training that might soon be required to go grocery shopping could include how to bid at an auction, which bidding strategies work best, and how to avoid getting scammed. Marvin Mason, who runs grocery auctions in Indiana, Michigan and Ohio, tells the Associated Press that more and more shoppers use credit cards and food...
  • Maynard Dixon painting spurs online bidding war

    04/11/2009 6:51:01 AM PDT · by Utah Binger · 6 replies · 1,221+ views
    The Salt Lake Tribune ^ | April 11, 2009 | Ben Fulton
    A painter who first made his mark through unromanticized views of Western landscapes, Maynard Dixon turned his attention to stark scenes of social protest during the Great Depression. More than 60 years after the artist's death, those struggling against the economic tide stand to benefit from Dixon's work once again. That's because of a gift to a California branch of Goodwill Industries, which has started an online bidding war for what is believed to be "Blackfoot Indian," a painting created by Dixon in 1917. After the painting was posted for auction on Goodwill's Web site early this week, bids jumped...
  • Chinese bidder ‘won’t pay’ for looted bronzes

    03/03/2009 5:42:27 PM PST · by kevin_in_so_cal · 8 replies · 536+ views
    BEIJING, March 2 – A Chinese art collector identified himself on Monday as the winning bidder in last week’s Paris auction for two sculptures looted from Beijing in the 1800s but said that, as a patriot, he had no intention of paying. Christie’s, which had triggered Chinese anger by holding the sale, would not say what action it would take against the bidder, only that the bronze sculptures of the heads of a rat and a rabbit would not be released until it had been paid. Cai Mingchao, a collector and adviser to a private foundation in China that seeks...

    02/26/2009 11:19:54 PM PST · by SWAMPSNIPER · 23 replies · 1,271+ views
    swoopo ^ | Feb 26, 2009 | swampsniper
    What is going on here? Prices too good to be true!
  • Photos: Jacko's Crappo Up for Auction

    02/18/2009 7:44:29 AM PST · by JoeProBono · 26 replies · 1,438+ views
    tmz ^ | Feb 17th 2009
    From bejeweled gloves and a tacky robe, to the Neverland Gate and even the "scissorhands" from "Edward Scissorhands," perennially broke Michael Jackson needs dough and is auctioning off tons of his overpriced weird stuff. Check out why Jacko is the King of Schlock.
  • U.S. Consulate Mistakenly Sells Secret Files in Jerusalem

    01/27/2009 4:38:54 PM PST · by STARWISE · 42 replies · 871+ views
    Fox News ^ | 1-27-09
    EXCLUSIVE: Hundreds of files — with social security numbers, bank account numbers and other sensitive U.S. government information — were found in a filing cabinet purchased from the U.S. consulate in Jerusalem through a local auction. "We couldn't believe what we found," said Paula, who purchased the cabinets and asked that her last name not be published.

    01/13/2009 12:26:34 PM PST · by ConservativeStatement · 53 replies · 2,612+ views
    New York Post ^ | January 13, 2009 | Larry Sutton
    A 22-year-old woman's quest to auction off her virginity has snared hundreds of bidders, including one who says he'll pay $3.8 million to seal the deal - but only if he can tape the magic moment. The woman (above), who goes by the pseudonym "Natalie Dylan," launched the campaign last fall through the Bunny Ranch, a legal brothel in Carson City, Nev. "I'm still getting offers, but I'm not necessarily taking the highest bidder," she said yesterday.
  • Turkey in Sarah Palin video auctioned on eBay (The 37.75-pound bird sells for $225)

    12/10/2008 3:31:42 PM PST · by Libloather · 15 replies · 592+ views ^ | 12/09/08 | LILY FU
    Turkey in Palin video auctioned on eBayBird sells for $225 By LILY FU, Special Contributor Last Edited: Tuesday, 09 Dec 2008, 7:28 AM EST PALMER, Alaska - Remember the unfortunate turkey that was being slaughtered as a local Alaska TV station interviewed Governor Sarah Palin? It's now been sold on eBay for $225 . The "historic" turkey was bestowed to the one lone bidder by Triple D Farm in Palmer, Alaska, where Palin had pardoned another lucky turkey earlier that day. After the ceremony, she discussed her plans for the Thanksgiving holiday while the unlucky turkey met its grim fate...
  • (Harry) Belafonte to auction King's papers (MLK Papers)

    12/09/2008 1:14:22 PM PST · by weegee · 15 replies · 418+ views
    THE ASSOCIATED PRESS via Winnipeg Sun ^ | Mon, December 8, 2008 | By Richard Pyle
    ...Sotheby’s will offer the document for sale Thursday, along with two others: the scribbled notes for a speech King planned to deliver in Memphis, Tenn., three days after he was assassinated, and a letter of condolence from former president Lyndon B. Johnson to King’s widow. The auction house put the overall presale estimate for the three documents at US$750,000 to $1.13 million, with the Vietnam speech alone valued at $500,000 to $800,000. ...“I am at the end of my life — I will be 82 shortly — and there are a lot of causes I believe in for which resources...
  • Species name auction offers wild holiday gift idea (Purdue University - 7 bats, 2 turtles)

    12/08/2008 4:18:10 PM PST · by NormsRevenge · 15 replies · 577+ views
    AP on Yahoo ^ | 12/8/08 | Rich Callahan - ap
    INDIANAPOLIS – Searching for a truly original holiday gift, one that could bestow a bit of immortality on a loved one or a friend? If so, Purdue University has the goods: The school is auctioning the naming rights to seven newly discovered bats and two turtles. Winning bidders will be able to link a relative, friend or themselves to an animal's scientific name for the ages. The first of the nine auctions began Monday, when the school put up for grabs the naming rights to a tiny gold and black insect-munching bat found in Central America.
  • Rare fragment of early copy of Gospel goes on sale

    11/28/2008 5:12:08 PM PST · by BGHater · 17 replies · 832+ views
    Reuters ^ | 28 Nov 2008 | Mike Collett-White
    An unusually large fragment from possibly the oldest copy of part of the Gospel of John will go on sale next month, when the torn piece of papyrus with Greek writing is expected to fetch up to 300,000 pounds ($460,000). The fragment is believed to date to 200 AD, less than 170 years after the crucifixion of Christ, when Christianity was still illegal and around 100 years after experts believe the original Gospel was first written. "This is either the first or the second oldest copy of this part of the text of the Gospel of John," Sotheby's specialist Timothy...
  • First punk auction to hit New York (Christie's auction)

    10/29/2008 10:54:18 AM PDT · by weegee · 18 replies · 456+ views
    AP via CNN ^ | Oct 29 2008 | no byline
    Memorabilia from some of punk rock's biggest acts and seminal moments -- including a scrawled flier for one of the Clash's first shows and publicity photos signed by the Sex Pistols -- is headed for a November 24 Christie's auction. The event, announced Tuesday, includes more than 120 records, photos and promotional pieces for such punk, garage rock and new wave legends as the Velvet Underground, Patti Smith, the Ramones, David Bowie, Blondie, the Cure and the Smiths. The auction is Christie's first to focus on punk mementos, signaling the collectible status of a brash, anti-authoritarian rock movement that largely...
  • Lehman Brothers demise triggers huge default

    10/10/2008 6:53:33 PM PDT · by TigerLikesRooster · 24 replies · 910+ views
    Times of London ^ | 10/11/08 | Tom Bawden in New York and Suzy Jagger in Washington
    October 11, 2008 Lehman Brothers demise triggers huge default Tom Bawden in New York and Suzy Jagger in Washington Lehman Brothers, the bust investment bank, triggered one of the biggest corporate debt defaults in history yesterday as it emerged that the US Federal Reserve is harbouring grave concerns about whether Washington’s $700 billion (£413 billion) bailout fund will avert a financial meltdown. An auction of Lehman’s bonds yesterday determined that the bank’s borrowings were worth only 8.625 cents on the dollar. The valuation leaves the insurers of the debt a bill of about $365 billion. It is not clear whether...
  • Financial crisis: Lehman Brothers liabilities sale fails to pacify market

    10/10/2008 6:25:51 PM PDT · by TigerLikesRooster · 10 replies · 504+ views
    Telegraph ^ | 10/10/08 | Katherine Griffiths
    Financial crisis: Lehman Brothers liabilities sale fails to pacify market A fresh wave of fear hit banks yesterday as traders tried to settle hundreds of billions of pounds of complex products in a move that could leave some with heavy losses. By Katherine Griffiths, Financial Services Editor Last Updated: 11:24PM BST 10 Oct 2008 An auction to settle insurance liabilities over the collapse of Lehman Brothers has caused fresh anxiety A sale of complex products relating to Lehman Brothers caused new anxiety Photo: REUTERS The cause of the anxiety was an auction to settle insurance liabilities over the collapse of...
  • Man Forks Over $6G for Melon at Japanese Auction

    06/06/2008 7:30:22 AM PDT · by rightwingintelligentsia · 13 replies · 102+ views
    AP via FoxNews ^ | June 6, 2008
    TOKYO — A black jumbo watermelon auctioned in northern Japan fetched a record $6,100 Friday, making it the most expensive watermelon ever sold in the country — and possibly the world. The 17-pound premium Densuke watermelon, one of only 65 from the first harvest of the season, was purchased by a marine products dealer who said he wanted to support local agriculture, according to Kyodo News agency. The fruit is grown only on the northern island of Hokkaido. In a country where melons are a luxury item commonly given as gifts, the watermelon's hefty price tag follows another jaw-dropping auction...
  • New York Probes Auction Securities

    04/17/2008 4:17:43 PM PDT · by shrinkermd · 3 replies · 105+ views
    Wall Street Journal ^ | 17 April 2008 | By LIZ RAPPAPORT
    ...The Attorney General's office subpoenaed 18 institutions on Monday and Tuesday of this week, including some of Wall Street's biggest, such as UBS, Merrill Lynch and Goldman Sachs, according to a person familiar with the investigation. Mr. Cuomo's office has plans to send out additional subpoenas soon, says the person. Mr. Cuomo's office considers the investigation an "industry case," meaning officials are looking into all aspects of the auction-rate business – from what municipalities or other issuers were told about auction rates as methods of cheap financing all the way down to their distribution, sales and marketing to consumers who...
  • Car collector auctioning 75 classics to 'hit the road'

    03/20/2008 7:36:11 AM PDT · by Dysart · 16 replies · 527+ views
    FWST ^ | 3-20-08 | ANDREA AHLES
    Wayne Davis will be saying goodbye to 75 old friends on April 19.Over the past 20 years, the Southlake resident has bought and restored almost 80 classic and muscle cars -- from a 1953 Oldsmobile Fiesta convertible to a 1989 Ferrari Mondial t Cabriolet -- and now he has decided to sell most of his personal collection at auction.Davis, 57, said it is time to retire. He plans to travel the country's two-lane highways in a few of the cars he decided to keep."I want to get out and enjoy them a little bit, do the Route 66 deal from...
  • Home speculators strike gold in California

    03/12/2008 2:47:51 PM PDT · by BGHater · 22 replies · 1,022+ views
    BBC ^ | 11 Mar 2008 | Rajesh Mirchandani
    In a large, featureless convention centre 40 miles east of Los Angeles, more than 1,000 people have gathered early on a Sunday morning.From the stage, they are addressed in earnest by a man in tuxedo and bow tie, and they can watch the proceedings on giant video screens on either side of him. He is preaching property, and although this auctioneer's high-speed patter sounds more like a cattle auction, here they are bidding for homes. More than 100 houses are up for sale here and every two to three minutes a property goes under the hammer. Similar auctions of...
  • Bond debt rates surge

    03/09/2008 1:03:23 AM PST · by TigerLikesRooster · 47 replies · 2,949+ views
    Denver Post ^ | 03/08/08 | Aldo Svaldi and Jeffrey Leib
    Bond debt rates surge The auction-rate bond market has collapsed, with Colorado hit hard. By Aldo Svaldi and Jeffrey Leib The Denver Post Article Last Updated: 03/08/2008 03:54:45 PM MST February was a bad month for Stephanie Doughty, the chief financial officer for Poudre Valley Health System, as interest rates on most of its $215 million in auction-rate bonds climbed steeply, adding as much as $140,000 to weekly interest costs. On Monday, things are expected to get worse when $50 million of that debt goes to auction to face higher rates. "It was just unbelievable, to see such a dramatic...
  • Fed acts to ease liquidity pressures[2 $50Bil Auctions]

    03/07/2008 8:01:31 AM PST · by BGHater · 2 replies · 79+ views
    Reuters ^ | 07 Mar 2008 | Mark Felsenthal
    The Federal Reserve on Friday announced measures to ease liquidity pressures in stressed financial markets. The Fed said it would increase amounts in its Term Auction Facility auctions March 10 and March 24 to $50 billion each, a rise of $20 billion from the amounts announced for each of these auctions. The Fed also said it would initiate a series of term repurchase transactions that are expected to cumulate to $100 billion.
  • Fed announces March auctions to banks combat credit crisis[$60Bil]

    03/01/2008 2:44:42 PM PST · by BGHater · 16 replies · 156+ views
    AP ^ | 01 Mar 2008 | AP
    The Federal Reserve has announced that it will auction another $60 billion (€40 billion) in March as it continues to combat the effects of a severe credit crisis. It repeated a pledge to keep holding the auctions "for as long as necessary." The U.S. central bank said Friday that it will make $30 billion (€20 billion) available to cash-strapped banks at each of two auctions, on March 10 and 24. The Fed began the new auctions in December in hopes that the increased supply of cash would prompt banks to keep lending and prevent a severe credit squeeze from making...
  • Government going out of business!! (vanity)

    02/28/2008 8:59:50 AM PST · by knarf · 21 replies · 115+ views
    e-mail ^ | Feb 28, 2008 ... one more day and I'll be 15 years old! | knarf
    I just got this in an e-mail .... I have dibs on the White House and the Defense Dept. before everything is all gone.
  • Fed auctions another $30 billion to ease credit crunch

    02/12/2008 2:43:26 PM PST · by BGHater · 7 replies · 149+ views
    AP ^ | 12 Feb 2008 | Martin Crutsinger
    The Federal Reserve, seeking to combat the effects of a serious credit crisis, said Tuesday it had auctioned $30 billion in funds to commercial banks at an interest rate of 3.010 percent. It marked the fifth in a series of auctions that so far have pumped $130 billion in money into the nation's banking system in affort to provide cash-strapped banks with extra reserves. The Fed's hope is that the increased resources will keep banks lending and prevent a severe credit squeeze from making the current economic slowdown worse. The latest auction results showed that the Fed's effort is having...
  • EBay abandons negative comments about buyers (Sellers will no longer be able to leave neg. feedback)

    02/06/2008 8:42:06 AM PST · by Stoat · 141 replies · 700+ views
    The Times (U.K.) ^ | February 6, 2008 | Suzy Jagger and Jonathan Richards
    EBay abandons negative comments about buyers   Suzy Jagger and Jonathan Richards   All buyers and sellers are equal in the virtual auction world of eBay, but buyers are about to become more equal than everyone else. From May, eBay, the world's biggest online auction house, will block sellers from posting any negative or neutral comments about buyers who purchase their goods to coax more of them on to the site. The move means that anyone selling an item will have little recourse to complain that the purchaser of their Britney Spears T-shirt or antique Whitby egg-timer had been...
  • FCC Spectrum Auction Draws $2.4 Billion In Bids In First Round

    01/24/2008 2:37:34 PM PST · by HAL9000 · 3 replies · 111+ views
    Dow Jones Newswires (excerpt) ^ | DOW JONES NEWSWIRES | Corey Boles
    Excerpt - WASHINGTON -(Dow Jones)- The first round of the much-anticipated Federal Communications Commission auction of communications airwaves drew $2.4 billion in prospective bids before closing at midday Thursday, according to the agency. Nearly half the money, some $1.04 billion, was bid by one participant seeking a national license for a swath of 22 megahertz of radio spectrum. The bidding for a second national license of 10 megahertz topped out at $472 million in the first round. Both these bids are believed to be the minimum bid allowed in the first round for these chunks of spectrum. The information was...