Archive for June, 2007

BONHAMS GOODWOOD SALE SETS RECORD

Thursday, June 28th, 2007

Bonhams’ record £6.1-million sale at the Goodwood Festival of Speed on 22 June 2007 is the best ever in the event’s 15-year history. It is the fourth most valuable motoring auction ever held in the UK.
The sale saw no fewer than 14 cars surpass £100,000, with top spot taken by the 1932 Alfa Romeo 8C-2300 […]

Gandhi letter for Christies London auction

Thursday, June 28th, 2007

The Indian Government has asked the Nehru Memorial Museum and Library to bid for it on July 3.
“We have received a communication from the culture ministry to bid for this rare letter of Gandhiji,” a source at the museum told PTI.
The communique from the ministry states the museum should seek “advice of the MEA and […]

MOD Reverse Auctions helps make £100 million Government saving

Thursday, June 28th, 2007

A DE&S project team has combined MoD’s office supplies requirement with those of eight other Government departments in the biggest ever public sector reverse auction to generate combined savings over existing spending of £100M over the next four years.
MoD combined its own office supplies requirement with Her Majesty’s Revenue and Customs, Home Office, Dept of […]

Brazil Subsidizes 4 Million Bags of Coffee at Auction

Thursday, June 28th, 2007

Brazil, the world’s biggest coffee grower, agreed to subsidize all 4 million bags of beans offered at an auction after a currency rally eroded export profits.
Brazil will pay growers a subsidy of 39.99 reais ($20.40) a bag to supplement prices paid by roasters and exporters, the Agriculture Ministry said. Today’s auction was the first […]

UK commercial property auction sales fall

Wednesday, June 27th, 2007

The number of commercial properties sold at auction fell sharply in the first quarter of 2007 as yields on commercial property fell below those on bonds, according to a survey on Wednesday.
Figures from the Royal Institute of Chartered Surveyors show there were 26 percent fewer sales at auction relative to the fourth quarter of 2006.
Demand […]