Page 3 - Auction

Proteas power-hitter Tristan Stubbs gets highest bid in SA20 auction

South Africa's hard-hitting batter Tristan Stubbs fetched the highest bid of Rand 9.2 million from Sunrisers Eastern Cape, who emerged victorious in a bidding war at the inaugural SA20 Player Auction

PM Modi's NCC alumni card, Ram temple models most sought for auction

Prime Minister Narendra Modi's NCC alumni card, multiple models of the upcoming Ram temple in Ayodhya and a statue of the mascot of the recently-held Chess Olympiad in Chennai are among the items which are highly sought after at an online auction of mementos gifted to the PM. The online auction of over 1,200 such items, including a model statue of Netaji Subhas Chandra Bose and sporting memorabilia of the Commonwealth Games, started on Saturday and will go on till October 2. The auction is being conducted through web portal pmmementos.gov.in and it has one section that lists items under the head 'Most Participated Auction'. Among these sought after items is a memento given by the National Cadet Corps (NCC) in the form of an alumni card displaying Modi's photograph, 'Life Member', year 2021 and 'Directorate: Guj, DD & DNH' The alumni card has received over 20 bids till about 11 AM on Sunday. The auction had gone live at 10 AM on Saturday morning, coinciding with Modi's 72nd ...

Vedanta Ltd bags two coal commercial mines in e-auction in Odisha

Vedanta Ltd has emerged as the highest bidder for two coal mines in Odisha on the second day of commercial coal mines auction. The government put on sale 10 coal mines under the commercial coal mine auction on Tuesday and Wednesday. "On the 2nd day of the e-auction today , two coal mines were put up for auction of which both coal mines were MMDR coal mines," the coal ministry said in a statement. The blocks were auctioned under the second attempt of the fourth round of commercial coal mine auction. Both the coal mines are fully explored and have Peak Rate Capacity (PRC) of 20 million tonnes per annum. Jaiprakash Power Ventures had emerged as the highest bidder for a coal block in Madhya Pradesh on the first day of the auction of blocks on Tuesday. While Madhya Bharat Minerals had emerged as the highest bidder for a coal mine in Chhattisgarh, Avassa Ferro Alloys bid the highest for a mine in Maharashtra. Gangaramchak Mining was the highest bidder for a mine in Jharkhand whi

Sale of Warren Buffett portrait raises lesser funds than $19 mn lunch bid

The auction of a high-tech portrait of Warren Buffett didn't come close to matching the $19 million someone paid earlier this year for a private lunch with the billionaire, but it still raised $75,100 for one of his favorite charities. The eBay auction wrapped up Tuesday evening on Buffett's 92nd birthday. The portrait created by Motiva Art features a grid of letters over the picture that light up to spell out 11 of the Berkshire Hathaway CEO's best-known quotes including, "It's only when the tide goes out that you learn who has been swimming naked." A previous portrait of Buffett painted by performance artist Michael Israel in 10 minutes outside the Berkshire annual meeting attracted a $100,000 price in 2008. The lunch auction Buffett has done for years to benefit the Glide Foundation that helps the homeless in San Francisco always attracts big bids because it offers exclusive access to the investor who is willing to answer almost any question except what he might buy next. This .

Govt may invite financial bids for Shipping Corp sale in March quarter

The government is likely to invite financial bids for privatisation of state-owned Shipping Corporation of India (SCI) in the March quarter, an official said. "The demerger of non-core and land assets of Shipping Corporation is at an advanced stage. The process is expected to be over in about three months' time, after which financial bids will be invited," the official told PTI. The financial bids from potential investors are expected in the January-March quarter, the official added. In May, the board of Shipping Corp had approved an updated demerger scheme for hiving off the non-core assets of SCI to Shipping Corporation of India Land and Assets Ltd (SCILAL) including Shipping House, Mumbai and MTI (Maritime Training Institute), Powai to complete the process of de-merging all the non-core assets to the new company SCILAL. As per the balance sheet of SCI, the value of non-core assets held for demerger as of March 31, 2022, stood at Rs 2,392 crore. In March 2021, the government had

Viacom18 wants closed-envelope bids for media rights junked, ICC disagrees

Says the cricket governing body must explain PwC's exit from the auction process

Govt plans to auction 17 non-operational mines surrendered by PSUs: Joshi

The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel to different sectors. "Just the-day-before yesterday (Sunday) I got 17 blocks back and they are very good blocks and I am putting them for auction now," Joshi said. Speaking during a conference on the Indian minerals and metals industry organised by NMDC and FICCI, the minister said many PSUs in the country in sectors like coal were sitting on big mines. The government decided to take away all those mines from the public sector undertakings which do not get into operation even after the lapse of five to six years and put them on sale. "I talked to the chief ministers and ministers of a few states and asked them the reasons for sitting on mines. These

As James Bond movies turn 60, his memorabilia is going under the hammer

007's watches, his Aston Martin among Christie's auction in September

ICC gives in to bidders' demands, changes auction rules for upcoming events

For four-year media rights for India, the benchmark price has been set at $1.4 billion. For eight years, the price has been set at $4 billion, 2.8 times the price for four years

Hitler's watch sells at Maryland auction for $1.1 million as 'WWII relic'

A Maryland auction house had estimated the value of wristwatch that once belonged to Adolf Hitler between $2-4 million, describing the watch as a "World War II relic of historic proportions."

Renewable energy auctions to attract large developers: IEEFA Report

Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022

BCCI walks away with Rs 48,390 cr in three-day IPL auction for media rights

Disney-Star, Viacom18 and Times Internet are winners, confirms cricket body's secretary Jay Shah

$142-million Mercedes-Benz smashes Ferrari's classic car record: Report

A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe sold for €135 million ($142 million) in a secret auction in Germany on May 5, Mercedes-Benz Chairman Ola Källenius has confirmed

Batman's 1986 Dark Knight cover has a $2 million auction estimate

The four-issue miniseries, written by Frank Miller, is widely credited for pivoting Batman from hokey children's fare to a more sophisticated and sinister form of storytelling

Lost for decades, Dorothy's dress from 'The Wizard of Oz' is up for sale

Bonhams has the dress on display this week at the auction house's New York location before it is sent to California for public view and auction

NFT of late S P Balasubrahmanyam's last unreleased song to be out on Apr 9

The unreleased track, which is in Tamil, was the last ever devotional track recorded by SPB a few weeks before he passed away in September 2020 following complications due to Covid-19

Sebi to auction up to 46 properties of Royal Twinkle, Citrus Check Inns

Capital markets regulator Sebi on Tuesday said it has lined up 46 properties of Royal Twinkle Star Club and Citrus Check Inns for an auction on April 6, at a reserve price of over Rs 97 crore

Shriram Automall India auctions over 7,900 pre-owned vehicles, assets

SAMIL Utsav is a one-of-its-kind phygital format auction, conducted by the platform every year on February 26, the company said in a statement

Sale pursuant to public auction can't be set aside unless fraud: SC

The Supreme Court said that a sale pursuant to the public auction cannot be set aside unless there is concrete material that there was any fraud or collusion

NFT Auction: Bat signed by 2011 World Cup winning team fetches $25,000

A bat signed by the 2011 World Cup winning Indian cricket team was sold for $25,000