MADRID—KKR, Axa, and Allianz will participate in an auction for a 49 percent stake in the fiber-optic subsidiary of Spanish grid operator Red Electrica, newspaper Expansion reported on Monday, citing unnamed sources. The subsidiary, known as Reintel, could fetch between 1.2 billion euros and 1.3 billion euros ($1.4 billion-$1.5 billion), Expansion said, citing financial sources….
KKR, Allianz, Axa to Bid on Red Electrica’s Fibre Unit, Expansion Says
Muhammad Ali Sketches Fetch Knockout Prices at NY Auction
A boxing sketch in felt pen by the late Muhammad Ali sold for more than $425,000 at an auction in New York on Tuesday of his little-known artworks, some of which went for many times overestimates. The sketch, called “Sting Like a Bee,” and drawn on paper in 1978 was the most sought-after work among…
Pivotal Bridge From Winnie the Pooh Series to Be Auctioned
LONDON—The adventures of the honey-loving bear “Winnie the Pooh” have captivated children—and their parents—for nigh-on 100 years. Fans now have a chance to own a central piece of Pooh’s history, when a countryside bridge from southern England goes up for auction next week. The author of the hugely popular Pooh series of books, A. A….
Morrisons’s Fate to Be Decided in $10 Billion Saturday Shootout
LONDON—The outcome of a $10 billion six-month battle to buy British supermarket chain Morrisons will be decided in a one-day auction on Saturday overseen by the Takeover Panel. The shoot out will pit U.S. private equity group Clayton, Dubilier and Rice (CD&R), whose 285 pence a share bid was recommended by Morrisons’ board in August,…
Johnny Ramone’s Guitar Sells for More Than $900,000
BOSTON—The guitar played by Johnny Ramone on all 15 Ramones albums and at nearly 2,000 live performances by the rock band sold at auction over the weekend for more than $900,000, the auctioneer said Monday. The 1965 Mosrite Ventures II electric guitar was bought by a collector in the U.S. who wishes to remain anonymous,…
China Announces First Public State Oil Auction
BEIJING—The Chinese regime plans its first public auction of state crude oil reserves to a select group of domestic refiners, the reserves administration announced, as Beijing looks to cool high raw material costs for manufacturers. The releases will take place in phases and are intended for integrated refining and chemical plants, the National Food and…
Tiger’s 2002 Backup Putter Fetches $393,300 at Auction
Tiger Woods’ backup putter from his sensational 2002 season has sold for $393,300, Golden Age Golf Auctions said on Sunday. The price paid for the Scotty Cameron putter has reportedly made it the most expensive golf club ever sold. The putter was personally produced by Cameron for Woods and comes with a letter of authenticity….
Boy, 8, Auctions Off His Pet Hog to Raise $19,500 for Best Friend With Brain Tumor
With massive support from his community, an 8-year-old boy has raised $19,500 by auctioning off the pet hog that he raised for a year to help his best friend, who is battling a brain tumor. Jesse James Starr of Sullivan, Missouri, has been friends with 7-year-old Claire Calvin since preschool. Saddened with Claire’s diagnosis, Jesse decided…
Double Eagle Gold Coin Sells for Record-Setting $18.9 Million
A 1933 Double Eagle gold coin sold for a record-setting $18.9 million at auction in New York on Tuesday, and the world’s rarest stamp went for $8.3 million. The coin, the only 1933 Double Eagle ever allowed to be privately owned, was expected to sell for between $10 million and $15 million at the Sotheby’s…
Hat Worn by Harrison Ford in ‘Indiana Jones’ Expected to Fetch $250,000 at Auction
The well-worn hat Harrison Ford wore in the seminal adventure film “Indiana Jones and the Temple of Doom” is up for grabs—for a pretty penny. Alongside other iconic movie props, the famous archaeologist’s brown fedora will be sold to the highest bidder during U.K.-based Prop Store’s Entertainment Memorabilia Live Auction this summer. Starting June 29,…
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