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Tag: auctions

  • Memorabilia auction for HBO’s ‘Succession’ takes in $627,000 as fans scoop up props, including Tom Ford sneakers at $2,125

    Memorabilia auction for HBO’s ‘Succession’ takes in $627,000 as fans scoop up props, including Tom Ford sneakers at $2,125

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    “Hey Buddha, nice Tom Fords,” says Roman Roy, pointing to Kendall’s sneakers in episode two, season four, of the HBO drama Succession. For a final price of $2,125, those Tom Fords could have been yours, spiritual teachings not included.

    The shoes were among 236 lots of memorabilia from the hit series auctioned by US Heritage Auctions on Saturday, fetching a total of $627,000. The priciest item: pink notecards scribbled with the eulogy that Roman (Kieran Culkin) left undelivered at his father’s funeral in the final season. The cards sold for $25,000.

    Succession, the story of three uber-rich siblings vying to take over their father’s media company, ended in May and is currently dominating the awards season. A week ago, the show scooped up four Golden Globes including best TV drama series.

    One of the most iconic items listed was the “ludicrously capacious” Burberry bag carried by an outsider to a family event, which sold for $18,750. The sight of which made Tom Wambsgans, played by Matthew Macfadyen, famously quip, “What’s even in there, huh? Flat shoes for the subway?”

    Collectors also vied for Lukas Matsson’s (Alexander Skarsgard) vape device; Roman’s Walmart kid’s T-shirt, which sold for $1,875; and Kendall’s (Jeremy Strong) fictional Forbes cover issue.

    “We could not be more pleased with Saturday’s auction, and we’re sure those taking home a piece of the Roy legacy will feel the same way,” Heritage Screenbid Managing Director Jax Strobel said in a statement.

    The auction brought in “a lot of fan engagement, not just collectors, but real fans of the show that are participating and bidding,” Strobel said in a separate statement.

    The show led to Instagram accounts documenting the characters’ outfits and is credited with sparking the so-called “quiet luxury” fashion trend. A few lucky collectors now have their hands on Kendall’s Prada suit, sold for $7,500, or Shiv Roy’s (Sarah Snook) Max Mara power outfits.

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    Irina Anghel, Alicia Diaz, Bloomberg

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  • Queen Elizabeth's “Very Poor” Childhood Drawing Could Be Yours

    Queen Elizabeth's “Very Poor” Childhood Drawing Could Be Yours

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    It’s a drawing that, evidently, not even a mother could love, but royal art collectors have a shot at winning a childhood masterpiece purported to be created by the late Queen Elizabeth II at auction nonetheless.

    A drawing thought to be crayoned by Elizabeth when she was somewhere between the ages of 4 and 6, dubbed “very poor” by her mother, Queen Elizabeth, the Queen Mother, is currently being auctioned by RR Auction in a sale set to end Jan. 10 as part of the “Fine Autograph and Artifacts” collection.

    The sketch, which was created in the fine medium of red crayon, is purportedly of the young Elizabeth’s vision for a new building at the Great Ormond Street Hospital for Children in London. It was included in a letter from her mother to Peter Pan scribe and playwright J.M. Barrie in the early 1930s, along with some backhanded art critique from her mother and pleas to keep the young princess’ architectural ideas private.

    The drawing is bundled with the handwritten four-page letter from the Queen Mother to Barrie, as well as the original envelope. From the letter’s text, the queen had found out at the last minute that the writer was making a speech about the hospital, and her daughter demanded that she include her original artwork, with what the Queen Mother seems to feel are extraneous windows. (Everyone’s a critic.)

    In the letter’s short text, written on letterhead bearing the Piccadilly London address and seal of the Duke and Duchess of York (the titles and residence Princess Elizabeth’s parents held before the unexpected 1936 accession of King George VI), she calls the drawing “very poor” not just once, but two times, and then even adds a post-script: “If you can manage it—will you not let the Press photograph this.”

    Bidding for the unsigned drawing and critical letter is currently at more than $2,000.

    The letter reads:

    “My dear Sir James, I am so sorry that I did not realize that you were making your speech tonight, I am hurriedly sending round a very poor house I fear. Elizabeth insisted on putting in a roof with lots of little windows for the nursery maids. Please Sir James will you not appeal in her name at all, as I have such difficulties over it, and I am not sure what it is that you wish to say. It is not that I would not feel proud to have her name mentioned by you, only I have had trouble keeping her name apart from charities etc. But I expect that you only wish to say that she drew a picture for you of what the hospital should look like. Please forgive me for saying all this, but you can imagine what troubles I get into! However, I hope that this very poor drawing may be of some little use. I write this in great haste after having met Cynthia [Lady Asquith] who told me that your dinner is tonight.”


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    Kase Wickman

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  • Princess Diana’s Iconic Black Sheep Sweater Sells for Over $1.1 Million at Auction

    Princess Diana’s Iconic Black Sheep Sweater Sells for Over $1.1 Million at Auction

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    One princess’s trash is another auction-goer’s $1.143 million treasure, as it turns out.

    The iconic “Black Sheep” sweater worn by the late Princess Diana sold at auction at Sotheby’s New York Thursday for an eye-popping sum, breaking the record for the highest price fetched for an item worn by Diana. Previously, the record was $604,800 for an aubergine evening gown Diana wore, designed by Victor Edelstein. The sweater was originally estimated to sell for somewhere between $50,000 and $80,000.

    The sweater depicts a flock of white sheep set off against a red background, with one black sheep standing out among them. Diana wore the sweater out and about with jeans in 1981, just a month before she married now-King Charles III. She was just 19 years old, and the sweater made an instant impression.

    The sweater, designed by Warm and Wonderful and available in reproduction today due to its lasting popularity, is one of at least two that Diana owned—and was the original. The designers of Warm and Wonderful, Sally Muir and Joanna Osborne, recalled getting a letter from Buckingham Palace shortly after Diana made headlines in the attention-grabbing sweater. She’d damaged it, and was hoping to replace or repair the jumper. The company sent a new sweater to her, and the old one was tucked away and forgotten about—until recently.

    “I was in the attic in February searching for a pattern, and I just happen to notice this old wine box in a corner—and there was a red sheep jumper wrapped in a cotton bedspread,” Osborne told People. “It was well preserved, and I had a kind of Groundhog Day moment and thought, ‘Could this be the one?’ I looked at the cuff which had obviously been sewn back on, and I called Sal and said, ‘I think I’ve found the actual real Diana jumper!’”

    “We had just sort of forgotten about it,” Muir said.

    After looking at photos of Diana in the original, Osborne said, “we both felt certain that it was the actual one. We just knew because every jumper is different, so it was easy to see. So we called Sotheby’s!”

    Diana wore the design again, her replacement version, in 1983.

    Last week, three of Princess Diana’s gowns sold at auction for a total of $1.62 million.


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    Kase Wickman

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  • X to auction off old Twitter items, from desk chairs to painting of Ellen DeGeneres’ Oscar Selfie | CNN Business

    X to auction off old Twitter items, from desk chairs to painting of Ellen DeGeneres’ Oscar Selfie | CNN Business

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    New York
    CNN
     — 

    Twitter has officially rebranded as X — so owner Elon Musk is holding a giant garage sale to purge the company’s HQ of remnants of the past.

    Items up for auction range from a standard desk chair to a large bird cage welded with a Twitter logo bird and everything in between.

    Since buying Twitter less than a year ago, Musk has worked to remake the social media site. He’s laid off most of the company’s employees, instituted a paywall and eliminated most account authentication, among other changes.

    Interested buyers can browse through numerous “#” and “@”statues, paintings of Ellen DeGeneres’ viral 2014 Oscar selfie and Barack Obama celebrating his reelection, a reconstructed barn from Montana and numerous musical instruments.

    On top of the more outlandish items, Twitter is looking to get rid of office equipment including desks, chairs and refrigerators.

    The auction, run by Heritage Global Partners (HGP), opens September 12 and runs for two days in San Francisco. Viewing is available by appointment only, with all 584 items opening with a bid of 25 dollars.

    Twitter also put memorabilia up for auction in January, trying to offload similar items.

    X and HGP did not immediately respond to CNN’s request for comment on the auction.

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  • The demo tape that launched Prince’s legendary career is now up for auction | CNN

    The demo tape that launched Prince’s legendary career is now up for auction | CNN

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    CNN
     — 

    For years, the demo tape that launched Prince’s storied career had been tucked away in an attic of the home of the music executive that first signed him.

    Now, music enthusiasts and Prince fans worldwide have a chance to own the tape that landed the Minneapolis superstar his first record contract as it goes up for auction, according to Boston-based auction house RR Auction.

    The demo, recorded in 1976 and still in its original custom packaging, is part of the Marvels of Modern Music auction that ends on Thursday.

    It contains unreleased versions of the songs “Just As Long as We’re Together” and “My Love is Forever,” as well as the never-released “Jelly Jam.”

    Prince was just 18 years old when he recorded the tracks – all written, sung, arranged and played by himself – at Sound 80 Studios in Minneapolis, RR Auction said in a news release.

    “It is the original tape, so this is the birth of who became known as Prince,” Bobby Livingston, RR Auction’s executive vice president of public relations, told CNN.

    “It’s incredible because it comes from the record executive whom it was sent to, so it has this unbroken chain of custody,” Livingston said.

    The special artifact was discovered by Jeff Gold, a former Warner Bros. Records executive vice president and general manager who was friends with music industry executive Russ Thyret.

    Thyret, who later served as the record company’s CEO and chairman, signed Prince to Warner Bros. on June 25, 1977, shortly after his 19th birthday.

    Gold, who today runs an online business selling high-end collectibles and helps artists value their archives, said he received a call from Thyret’s widow, who lives in Los Angeles. Thyret died in 2021.

    “(She said), ‘Russ saved a lot of stuff and it’s all up in the attic of our house – would you come take a look and help me figure out what to do with it, and buy anything you’re interested in?’” Gold told CNN.

    He said he came across a couple of boxes containing tapes in the attic.

    The demo features unreleased versions of three original Prince songs.

    “When I saw (the demo tape), I knew exactly what it was,” Gold said. “I was very excited when I saw it, but guardedly so, because you never know if the tape’s going to be playable or if the tape has the wrong thing in the box – but happily, this one had the right thing.”

    The demo tape up for auction comes with a plexiglass display case, a business card belonging to Thyrett, a CD transfer of the tape’s audio and a letter of provenance from Gold, according to RR Auction.

    Several other Prince items are being auctioned, including the lace glove he wore on stage during the Purple Rain tour and a sealed first pressing of “The Black Album,” the auction house said.

    Previously auctioned Prince items have sold for big price tags. The original lyrics of his song, “Nothing Compares 2 U,” sold for $150,000, according to Livingston.

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  • In desperate bid for cash, the Treasury is auctioning one-day bills | CNN Business

    In desperate bid for cash, the Treasury is auctioning one-day bills | CNN Business

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    CNN
     — 

    Desperate times are calling for desperate measures at the Treasury Department.

    For the first time since 2007, the department is set to auction $15 billion worth of one-day cash management bills on Friday that will be issued on June 5.

    This comes as the Treasury’s cash balances hover around $37 billion, the lowest level since 2017. Since the debt ceiling was initially breached in January, the Treasury hasn’t been able to borrow more money to pay its bills. If lawmakers don’t raise the debt ceiling by June 5, the Treasury is poised to run out of funds to meet its full obligations, Treasury Secretary Janet Yellen warned.

    Congress appears to be on track to avoid that scenario. The House of Representatives passed the debt deal House Speaker Kevin McCarthy cut with President Joe Biden on Wednesday. Now its fate rests in the hands of the Senate and Biden, who vowed to quickly sign it into law.

    Cash management bills mature in a relatively short time frame, ranging from a few days to a year, according to the Treasury. They’re used to help manage the Treasury’s short-term financing needs.

    Unlike Treasury bill auctions that occur on a weekly and monthly basis, cash management bill auctions are irregular, though not uncommon. For instance, last year the Treasury held more than 30 cash management bill auctions.

    It is, however, quite unusual for the department to auction debt that matures in just one day. Over the past 25 years, the Treasury held six one-day cash management bill auctions.

    Yields on cash management bills, which are determined by the auction process, tend to be higher than regular fixed maturity bills. On Thursday, the Treasury auctioned $25 billion of three-day cash management bills yielding 6.15%. That exceeds the yields almost all other Treasury bills are trading at.

    Friday’s auction is open to the public with a minimum $100 bid and can only be purchased in $100 increments.

    “There likely won’t be an issue for the Treasury to find bidders on the paper as maturities this short can fit well in money-market funds or other institutional buyers’ books that are looking to invest cash over the weekend,” said Charlie Ripley, senior investment strategist at Allianz Investment Management.

    It’s likely that yields on the one-day bills will end up mirroring yields of other bills that mature on June 6, he added, “but any negative headlines overnight indicating bottlenecks with the legislature getting through the Senate will impact the auction price.”

    Underscoring the uncertainty around the debt ceiling bill, the Treasury said plans to issue $65 billion of 13-week bills and $58 billion of 26-week bills on June 8 were “tentative.”

    The announcements “are conditional on enactment of the debt limit suspension because Treasury forecasts insufficient headroom under the current debt limit to issue securities in these amounts on June 8,” the Treasury said in a statement on Thursday.

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  • Texan turned Italian princess evicted from villa with original Caravaggio in Rome | CNN

    Texan turned Italian princess evicted from villa with original Caravaggio in Rome | CNN

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    Rome
    CNN
     — 

    Princess Rita Jenrette Boncompagni Ludovisi – formerly Rita Carpenter, the former wife of Republican US Rep. John Jenrette – has been evicted from the home she once shared with the late Prince Nicolo Boncompagni, after an inheritance dispute with his children.

    Princess Rita confirmed her eviction from the historic Casino dell’Aurora in central Rome to CNN on Wednesday. The home features an original Caravaggio ceiling painting—the only known ceiling work from the master—and a Michelangelo statue recently unearthed in the garden.

    Rita was escorted from the home along with her dogs on Thursday. “I’ve been up for 72 hours, I’m being brutally evicted from a home [in] which I’ve lovingly taken care of for the past 20 years,” she tweeted early Thursday morning.

    The eviction was ordered by Rome Judge Miriam Iappelli, and carried out by Roman law enforcement, who also changed the locks per standard procedure for court-ordered evictions.

    A general view shows a room, with frescoes on the ceiling by Italian artists including Guercino and Domenichino, inside Villa Aurora.

    A view of the

    Italian courts have previously ruled that the home must be sold to resolve an inheritance dispute between the Texan and the prince’s children. Prince Nicolo Boncompagni died in 2018.

    The Casino dell’Aurora was put up for auction by state authorities four times in 2022 – its estimated value declining precipitously as bidders proved elusive.

    The first auction on January 18, 2022, estimated the home’s value at €471 million. A second auction April 30 set the price at €376 million, a third auction reduced the price to €301 million on June 30, and a final auction October 18 set the price at €180 million.

    No one bid on any of the auctions, and Princess Rita told CNN she believed that the Italian state auction house did not adequately advertise it.

    A statue of Pan by Michelangelo is seen outside Villa Aurora.

    Before becoming a princess, Rita Carpenter was married to John Jenrette, the former US lawmaker who was enmeshed in the Abscam corruption scandal, resigned in 1980 and subsequently went to prison.

    In 1981, she gave an much-publicized interview to Playboy magazine that detailed having sex with Jenrette on the steps of the US Capitol building. The episode led to a not-so-best selling memoir “My Capitol Secrets” published that year.

    She appeared in plays and movies, including Zombie Island Massacre, according to her official biography.

    Princess Rita told reporters at the Casino dell’Aurora as she left on Thursday that she is writing a new book about her latest ordeal.

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  • Items from Murdaugh Moselle property will be auctioned on Thursday | CNN

    Items from Murdaugh Moselle property will be auctioned on Thursday | CNN

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    CNN
     — 

    The contents of the home of convicted murderer Alex Murdaugh and his family will be auctioned off on Thursday, according to a South Georgia auction house.

    The house is located in Colleton County, South Carolina, on a hunting property called Moselle. The property became a household name during the nationally televised trial of its former occupant, Alex Murdaugh. Murdaugh was convicted earlier this month of shooting and killing his wife and son on the property.

    The Savannah-based Liberty Auction house was hired to clean out the home and sell all its contents, according to owner Lori Mattingly. Cleaning out the Moselle estate was “just like any other job,” she said to CNN over the phone on Tuesday.

    “Their things are not any better or nicer than any other things that we pick up from other people’s homes,” Mattingly added. “We go into a lot of very nice expensive homes … And we’ve had much nicer things than theirs, but their things are nice.”

    Among the items being auctioned are beds, chests, tables, chairs and picture frames that once hung on the walls of the Moselle estate. The Murdaugh items will be sold among items from other estates, and each item will be identified by a lot number, according to Mattingly. The auction house did not have an exact number of items being auctioned from the Murdaugh estate.

    Photos of some of the items up for sale have been posted online and there are plans to post more photos in the coming days, Mattingly told CNN.

    Bids will only be taken in-person, according to Liberty Auction, which is selling the contents of the home

    The auction will take place on Thursday at 4 p.m. in Pembroke, Georgia, a small town just outside of Savannah. Bids will only be accepted in-person.

    “It’s unbelievable how many phone calls I have had, and I have only been able to answer so many,” said Mattingly. She told CNN the auctions usually draw a few hundred people, but they expect many more than normal for this sale.

    Murdaugh’s wife, Maggie, and son, Paul, were found fatally shot on the property on June 7, 2021. He has maintained that he did not kill them. Prosecutors argued that Murdaugh committed the murders to distract and delay from investigations into his long string of alleged financial crimes and lies.

    Murdaugh was sentenced to two consecutive life sentences for the murders. He is appealing the conviction. The former attorney is also facing additional charges for other alleged financial crimes for which he has yet to face trial.

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  • Why Audrey Hepburn’s 3 Wedding Dresses Continue to Blaze a Trail in Fashion

    Why Audrey Hepburn’s 3 Wedding Dresses Continue to Blaze a Trail in Fashion

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    Along with her enduring legacies in film and style, Audrey Hepburn’s wedding dresses continue to influence sartorial perspectives and individual expression. Her cultural impact can also be traced to her on- and off-screen bridal style, most famously to the designs she wore over a 40-year friendship and collaboration with Hubert de Givenchy. At the forefront and creation of everlasting fashion trends, Hepburn even inspired the contemporary bridal fashion world to embrace the black-and-white wedding dress after she debuted a strapless embroidered organza Givenchy gown during a stunning party scene in 1954’s Sabrina.

    “She is what people mean when they say they want to look ‘classic and timeless,’ or ‘elegant but no fuss,’” says Lily Kaizer, owner of luxury vintage wedding-dress salon Happy Isles

    The “Lucky” (Almost) Wedding Dress

    While filming 1953’s Roman Holiday, Hepburn was engaged to English industrialist James Hanson. So she commissioned the Fontana sisters, who also collaborated with Edith Head on Hepburn’s costumes in the film, to design her wedding dress.

    Elegant and pared-down, Hepburn’s first wedding dress offered a glimpse into a fashion icon’s definitive perspective: demure boatneck, long sleeves, and a playful high-low hemline. Ultimately, she called off the nuptials and asked the sisters to donate the design. “[I want the dress] to be worn by another girl for her wedding, perhaps someone who couldn’t ever afford a dress like mine—the most beautiful, poor Italian girl you can find,” the future UNICEF ambassador reportedly said

    Audrey Hepburn’s first wedding dress from the 2009 auction.By Tony Trasmundi/Courtesy of Kerry Taylor Auctions.

    The couturiers found a recipient, Amiable Altobella, and invited her to their Rome atelier for alterations. “The whole experience must have been incredible for [Altobella and her fiancé],” says Kerry Taylor, founder of London-based Kerry Taylor Auctions, of the couple’s visit from the city of Latina. 

    “They had three daughters and five grandchildren. Amiable said, ‘I’ve had a happy marriage, so the dress brought me luck’ and that was very much the feeling when the dress was handed over,” says Taylor, who auctioned the dress in 2009 for $23,000. “The whole family felt such pride at having had something so special and so unique.”

    The Balmain Wedding Dress

    After a whirlwind romance, Hepburn married American actor Mel Ferrer on September 25, 1954, in Bürgenstock, Switzerland. 

    25th September 1954: Audrey Hepburn and Mel Ferrer on their wedding day. Dress designed by Balmain. By Ernst Haas/Getty Images.

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    Fawnia Soo Hoo

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  • A first generation iPhone going up for auction hopes to fetch $50,000 | CNN Business

    A first generation iPhone going up for auction hopes to fetch $50,000 | CNN Business

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    New York
    CNN
     — 

    An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000.

    Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It had no app store, ran on a 2G network and was exclusive to AT&T’s network.

    Cosmetic tattoo artist Karen Green was gifted the 8 GB version and never broke the seal, according to her appearance on daytime television program “The Doctor & The Diva” in 2019. An appraiser on the show valued the phone at $5,000 at that time.

    Since then, another unopened first-generation iPhone like Green’s auctioned off for over $39,000 in a listing by LCG Auctions that closed in October. LCG Auctions is also listing Green’s phone, with bidding opening at $2,500.

    Green and LCG Auctions did not immediately respond to CNN’s request for comment.

    The iPhone changed the way billions of people around the world communicate, make payments, do their jobs, take photos and even how they wake up in the morning. It killed dozens of industries (camcorders, MP3 players, flip phones) and gave life to many more.

    Speaking at Apple’s annual Macworld expo in 2007, then-Apple boss Steve Jobs opened his presentation with: “We’re going to make some history together today.” Jobs called the new smartphone a “revolutionary mobile phone” that will feature an iPod, phone and what he called an “Internet communicator.”

    “It’s bad out there today,” said Jobs of mobile Web browsers. “It’s a real revolution to bring real Web browsing to a phone.”

    Apple enthusiasts will have until February 19 to bid on the tech relic.

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  • Kim Kardashian Bought an Amethyst Cross Worn by Princess Diana for $197,000

    Kim Kardashian Bought an Amethyst Cross Worn by Princess Diana for $197,000

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    Kim Kardashian continues to grow her collection of pieces from bygone icons with one more item: the Attallah Cross, an amethyst pendant worn by Princess Diana

    The necklace was sold in a Sotheby’s auction to Kardashian for $197,453 (£163,800)— more than double its pre-auction estimate — on Jan. 18, the company announced.

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    Andrea Bossi

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  • Must Read: ‘W’ Releases 2023 Best Performances Covers, Mugler Is Returning to the Runway

    Must Read: ‘W’ Releases 2023 Best Performances Covers, Mugler Is Returning to the Runway

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    These are the stories making headlines in fashion on Monday.

    W releases Best Performances issue
    W Magazine has released the annual Best Performances feature, curated by Lynn Hirschberg, featuring the likes of Taylor Russell, Margot Robbie, Austin Butler, Michelle Yeoh and more. A total of 14 actors nabbed covers (see above) and discuss their most notable and anticipated roles, sharing exclusive details on their processes and more. {W Magazine}

    Mugler will return to the runway this month
    After a three-year hiatus from live presentations, Mugler is returning to the runway. Designer Casey Cadwallader, who has turned to fashion films in recent years, will show a new collection in Paris on Jan. 26, the last day of couture week. The collection will be a “see now, buy now” concept, described by Mugler as an “immersive experience across all channels, and in front of a live audience.” {WWD}

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    Brooke Frischer

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  • The 16 Biggest Fashion News Stories of 2022

    The 16 Biggest Fashion News Stories of 2022

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    In fashion, the top headlines of 2022 were brimming with excitement and chaos.

    Scandals swept Balenciaga and any brand associated with the artist formerly known as Kanye West. Legislation offered a new pathway for sustainability in fashion. A new guard of creatives took the helm at some of the world’s most stories houses, while a recession loomed over the whole industry.

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    Andrea Bossi

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  • English cricketer Sam Curran becomes most expensive buy in Indian Premier League auction history | CNN

    English cricketer Sam Curran becomes most expensive buy in Indian Premier League auction history | CNN

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    CNN
     — 

    English cricketer Sam Curran has become the most expensive auction buy in the history of the Indian Premier League (IPL) – after being sold to the Punjab Kings for 18.5 crore rupees ($2.22 million).

    Friday’s auction, which took place in the Indian city of Kochi, saw multiple records broken – with English and Australian cricketers being the main beneficiaries.

    Six franchises made a bid for the 24-year-old Curran before the Punjab Kings’ record-breaking fee.

    Responding to the news, Curran tweeted: “Back to where it all started! Looking forward to it.”

    He previously played for the Punjab Kings in the 2017 IPL season under the team’s former name, Kings XI Punjab.

    Other big auction buys included Australian cricketer Cameron Green, who joined the Mumbai Indians franchise for 17.5 crore (approximately $2.1 million) and England men’s Test captain Ben Stokes, who was bought by the Chennai Super Kings franchise for 16.25 crore (approximately $1.95 million).

    Launched in 2007, the IPL is one of the world’s most valuable sports properties – attracting the best cricketers on big-money contracts.

    The tournament runs for a little over two months a year but its value to media companies has soared as the global audience has exploded.

    On cost-per-match terms, it overtook the English Premier League and ranks behind only the National Football League in the United States.

    It sold its media rights from this year through 2027 for $6.2 billion – split between television rights (purchased by Disney-owned Star India) and streaming rights (purchased by Viacom18, a joint venture between Paramount and Mukesh Ambani’s Reliance Industries).

    The 2023 season will begin on March 20 and run through May.

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  • Aaron Judge’s 62nd home run ball is valued in the region of $1-2 million, experts say | CNN

    Aaron Judge’s 62nd home run ball is valued in the region of $1-2 million, experts say | CNN

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    CNN
     — 

    As Aaron Judge hit his record-breaking 62nd home run, one fan struck the jackpot.

    The New York Yankees slugger moved clear of Roger Maris’ single-season American League record with his 62nd home run Tuesday, and Cory Youmans – sitting in left field with a front-row seat – was the lucky fan who caught the historic souvenir at Globe Life Field.

    A Dallas resident and Texas Rangers fan, Youmans said he doesn’t know yet whether he’ll keep the ball, and after making the catch – an event that prompted euphoric celebrations – he was escorted from the section of seats by security.

    Should Youmans sell the ball, he could be set for a handsome payday.

    “In the last week or so, our colleagues at Memory Lane auction house have guaranteed to pay the person who catches the ball $2 million,” Bobby Livingston, Executive Vice President of RR Auction, told CNN.

    “With all the publicity and excitement, plus the fact that it’s Aaron Judge of the Yankees, I wouldn’t be surprised if another auction house or sports investment group purchases the ball for $5 million in the current environment of the sports memorabilia market.

    “Assuming that Judge doesn’t play tonight [against the Rangers], this ball will live forever in New York Yankee lore.”

    However, Ken Goldin, the founder of Goldin Auctions, calls the $2 million price tag a “drastic overpay” and “more of a publicity stunt,” instead valuing the ball at $1.25 million.

    “It’s a historic achievement that is boosted by the fact he is a loved player and plays for the New York Yankees,” Goldin told CNN, adding that $1.25 million would make this the second most expensive baseball ever sold.

    In 1999, Mark McGwire’s 70th home run baseball fetched $3 million at auction including commission, at the time making it the most money ever paid for a sports artifact.

    David Hunt, president of Hunt Auctions, agrees that higher valuations are used as a tool to generate “branding and media coverage” for auctions houses and that Judge’s 62nd home run ball is “more of a $500,000 to $1 million item from an estimated standpoint.”

    “But to be clear,” Hunt told CNN, “I certainly could see a path where it would bring a million or maybe even two if the proper bidders got involved. That’s not impossible.”

    In a statement sent to CNN, Lelands auction house called Judge’s 62nd home run ball “the most valuable baseball hit in recent years … estimated to fetch over seven figures.”

    “It’s just incredible that a $20 baseball can turn into a seven figure ball with one crack of the bat,” the statement added.

    When Judge tied Maris’ record with his 61st home run last week, no fans were able to catch the ball as it fell into the bullpen and was eventually passed along to Judge, who then gave it to his mother.

    Michael Kessler, the 20-year-old fan who caught Judge’s 60th home run, exchanged the ball for a clubhouse meet-and-greet with the Yankees slugger, four signed baseballs and a signed game bat, according to MLB.com.

    “I don’t know where it’s at,” Judge told reporters when asked about the fate of his 62nd home run ball.

    “We’ll see what happens with that. It’d be great to get it back but that’s a souvenir for a fan. They made a great catch out there and they’ve got every right to it.”

    Judge runs the bases in Arlington, Texas, after hitting his 62nd home run of the season.

    Since breaking Maris’ 61-year-old record with his 391-feet drive in the first inning of Tuesday’s game against the Rangers, Judge has received widespread praise – including from President Joe Biden.

    “Congrats @TheJudge44 on home run 62. History made, more history to make,” Biden wrote on Twitter.

    Barry Bonds holds the major league single-season record of 73 home runs, but many have cast doubt on that landmark given he – along with other players of that era – was embroiled in performance-enhancing drug scandals and allegedly used steroids. Bonds has denied those allegations.

    While it remains unclear whether Judge will play Wednesday in the final game of the regular season, he has an outside chance of winning the American League triple crown by leading the circuit in batting average, runs batted in and home runs.

    He is first in home runs and RBIs but trails Minnesota Twins star Luis Arráez in batting average.

    If Judge does play on Wednesday and hits another home run, that would likely alter the value of Tuesday night’s ball.

    “It’s not his final home run ball, it’s not the one that established a new record and thus it’s not nearly as viable,” Hunt explained.

    But there’s also a scenario whereby Youmans’ catch only increases in value.

    “If we go another 15, 20, 30 years and nobody breaks that record, this could end up being a very, very special, historic piece, which would point towards a higher value range,” said Hunt.

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  • Broad Arrow Group Launches Collectors Garage, a Dedicated Private Sales Business, Debuting With an Outstanding Offering of Exceptional Motor Cars

    Broad Arrow Group Launches Collectors Garage, a Dedicated Private Sales Business, Debuting With an Outstanding Offering of Exceptional Motor Cars

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    Exceptional offering of cars available include stunning 1968 Lamborghini Miura P400, 1973 Porsche 911 Carrera 2.7 RS Lightweight, 1983 Lancia Rally 037 Rally Evoluzione 2 Group B, a pair of Lancia Delta Integrale examples including an Evoluzione 16V Martini 5, and a 1990 BMW M3 Sport Evolution

    Press Release


    Dec 13, 2021

    Collectors Garage, a newly introduced Broad Arrow Company dedicated to private sales, launches today with an exceptional offering of post-war sports, grand touring (GT), and rally cars available for immediate purchase and showcased on the company’s website at collectorsgarage.com

    The new company is led by a car specialist team with more than six decades of combined experience with unparalleled automotive expertise, industry knowledge, and global client relationships. The Collectors Garage leadership team includes senior car specialists Donnie Gould, Barney Ruprecht, and Alexander Weaver. Together, the three will be responsible for overseeing the private sales business, growth, and strategy.

    Kenneth Ahn, Chief Executive Officer of Broad Arrow Group, Inc., the parent company of Collectors Garage noted, “The launch of Collectors Garage marks an important first step for Broad Arrow Group following the announcement of our formation last week. The estimated $25 billion collector car market is primarily driven by private sales transactions today, both in terms of value and volume. In a highly fragmented and competitive private sales market, we aim to be one of the most trusted advisors for car collectors and enthusiasts to buy and sell cars privately. Our team is dedicated to providing a highly curated portfolio of collector cars for immediate purchase, and we look forward to providing the best possible advice and service to our clients.”

    Highlighting the company’s debut announcement is the 1968 Lamborghini Miura P400 (Offered At $1,750,000), a stunning car that was restored at the Lamborghini factory with the oversight of legendary chief test driver Valentino Balboni himself. Delivered new to Switzerland, it is not only a late production “thick chassis” example but also one of the comparatively few examples finished in Miura Bleu, in this case with a Gobi interior, the same colors in which the car is presented today. Matching numbers, the car shows exceptionally well and is offered with an extensive history file.

    The 1973 Porsche 911 Carrera 2.7 RS Lightweight (Offered At $1,750,000) is a thoroughbred example of the exceptionally rare M471 RS Lightweight cars, of which only 200 were originally built. Delivered new to Finnish racing champion Leo Kinnunen and accompanied with a full Andy Prill inspection report on file, this matching numbers, highly unique RS was fitted in period with original RSR elements such as the prototypical rear wing and wider rear fenders. Offered on behalf of a significant private collection, and in impressive original, well-preserved condition.

    Another exciting highlight is the 1983 Lancia Rally 037 Evoluzione 2 Group B (Offered at $800,000). An excellent example of a racing legend from the Golden Era of all-out Group B rallying, this is the ultimate specification of the 037, of which only 20 examples were built. Campaigned extensively in period at World and European Rally Championship events by a roster of famed drivers, first by the factory and then the privateer Jolly Club team, it is extremely well documented from its racing days through to its tenure in the famed John Campion Collection. It has been Certified by Abarth Classiche, attesting to its originality and correctness throughout.

    Rounding out the initial offering are a pair of very special Lancias including one of the rarest iterations of the homologated Group A rally car, the 1992 Lancia Delta Integrale Evoluzione 16 Valve Martini 5 (Offered at $350,000) and a pristine example of the final, most desirable variant of Integrale, presented in one of the most desirable colors, the 1994 Lancia Delta Integrale Evoluzione II 16V “Blu Lord” (Offered at $195,000). An additional noteworthy highlight includes BMW’s legendary E30 M3, the 1990 BMW M3 Sport Evolution (Offered at $255,000). Superbly presented and complete with extensive documentation, the 1990 BMW is one of very few Sport Evolutions built for homologation purposes and is nothing less than thrilling to drive. 

    About Collectors Garage and Broad Arrow Group

    Collectors Garage, based in Ann Arbor, Michigan with offices in New York, Florida, and Southern California, is a dedicated private sales business of Broad Arrow Group, Inc. Collectors Garage is focused on offering a curated portfolio of high-quality collector cars for immediate purchase and providing the best advice and service for car collectors and enthusiasts buying and selling collector cars through private sales. Learn more at collectorsgarage.com.

    Broad Arrow Group represents the collective vision of its founders, team members, and partners — to be the best advisor, marketplace, and financier for car collectors, with integrity, trust, and innovation. Broad Arrow Group is a holding company, founded in 2021 and headquartered in Ann Arbor, Michigan, to develop and operate a portfolio of businesses and brands that address the needs of various segments of the collector car market and to transform the collector car industry. Learn more at broadarrowgroup.com.

    Please contact Ian Kelleher at Ian.kelleher@broadarrowgroup.com for more information.

    Source: Collectors Garage

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  • Treasure Investments Corporation and CEO Mark Russo Strike Gold at the NRA Annual Meeting in Dallas, Texas

    Treasure Investments Corporation and CEO Mark Russo Strike Gold at the NRA Annual Meeting in Dallas, Texas

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    Press Release



    updated: Jul 23, 2018

    Treasure Investments Corporation (TIC) set up a spectacular display at the 147th National Rifle Association Annual Meeting (NRAAM) in Dallas, Texas. TIC displayed in a 10’ X 20’ booth space located in one of the main conference halls.

    “Our booth space was in a good location. We also placed three separate art displays at all registration locations and that was magic, as we knew it would be hard for nearly 100,000 people attending to see all the booths considering the massive size of the conference halls,” said Mark Russo, CEO, Treasure Investments Corp.

    Nearly 100,000 people attending.

    Mark Russo, CEO, Treasure Investments Corp.

    “The three strategically placed art displays drove clients right to our booth and produced great results as we sold large collections, mainly of our eagles and patriotic themes,” says Russo.

    TIC donated one of its eagle sculptures to the NRA main auction event which raised $20,000 at the live dinner gala during the conference.

    This was TIC’s first appearance at the NRA Annual Meeting and the results were so good, the company will be attending next year’s event in Indianapolis. “We are very excited about attending next year’s event. Our booth will be even bigger and will include a larger collection of art,” says Russo.

    To learn more about the company and its work with nonprofits, visit Fineart1.com.

    About Treasure Investments Corp          

    TIC has a diverse business platform, creating and providing fine art in original sculptures from small desktop images and collectibles to larger-than-life heroic monuments. The company’s master mold collection contains hundreds of original molds from world-famous artists in the United States and Europe. For more information, visit Fineart1.com.

    Media Contact:

    Mark Russo
    Phone: 360.954.5453
    Email: mark@fineart1.com

    Source: Treasure Investments Corporation

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  • Success at Heli-Expo for Treasure Investments Corporation

    Success at Heli-Expo for Treasure Investments Corporation

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    Press Release



    updated: Jul 18, 2018

    The 2018 World Helicopter Exposition, held at the Las Vegas Convention Center and hosted by Helicopter Association International (HAI), is the world’s largest gathering of helicopter manufacturers and pilots alike. Partnering with Intermountain Turbine (IMT) and Darryl Christensen, Mark Russo, CEO of Treasure Investments Corp (TIC), presented its bronze and pure silver sculptures at the conference in early 2018.

    “I knew that if we could get a booth at the conference and showed our eagles and patriot series to over 40,000 pilots, we could have a great show. Not only did we have a great response, we sold several eagle pieces and a large block of stock in the company,” says Russo.

    We sold several eagle pieces and a large block of stock in the company.

    Mark Russo, CEO, Treasure Investments Corp

    Treasure Investments Corporation plans to attend the conference again next year in 2019 with all its newest works and a much larger booth.

    To learn more about the company and its work with nonprofits, visit Fineart1.com.

    About Treasure Investments Corp                    

    TIC has a diverse business platform, creating and providing fine art in original sculptures from small desktop images and collectibles to larger-than-life heroic monuments. The company’s master mold collection contains hundreds of original molds from world-famous artists in the United States and Europe. For more information, visit Fineart1.com.

    Media Contact:

    Mark Russo
    Phone: 360.954.5453
    Email: mark@fineart1.com

    Source: Treasure Investments Corporation

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  • Treasure Investments Corporation and Mark Russo Sizzle in Orlando at the World Money Show

    Treasure Investments Corporation and Mark Russo Sizzle in Orlando at the World Money Show

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    Press Release



    updated: Jul 16, 2018

    The Money Show, founded in 1981, is a privately held financial media company headquartered in Sarasota, Florida, as a global network of investing and trading education. Money Show presents an extensive agenda of live and online events that attract over 75,000 investors, traders and financial advisors from around the world.

    Treasure Investments Corporation (TIC) was given the opportunity to attend and exhibit at the Orlando Money Show conference. “After being accepted to attend the trade show, it was a great honor for us to show our company opportunity and product to this incredible and investor-minded audience,” says Mark Russo, CEO of Treasure Investments Corporation.

    This venue is very exciting because we get to share the vision of the company.

    Mark Russo, CEO, Treasure Investments Corp

    “This venue is very exciting for us because we get to share the vision of the company, what we do, how we do it, our growth potential and the opportunity for an investor to own stock in our company,” says Russo.

    TIC set up a beautiful display showing our bronze and pure silver sculptures and was also given the opportunity to present our company offering in a breakout session explaining the business model to interested investors. “We sold product at the event and generated a lot of shareholder interest; there is nothing like our charity auction model. It was a success,” says Ricky Reed, manager for TIC.

    To learn more about the company and its work with nonprofits, visit Fineart1.com.

    About Treasure Investments Corp

    Treasure Investments Corp has a diverse business platform, creating and providing fine art in original sculptures from small desktop images and collectibles to larger-than-life heroic monuments. The company’s master mold collection contains hundreds of original molds from world-famous artists in the United States and Europe. For more information, visit Fineart1.com.

    Media Contact:

    Mark Russo
    Phone: 360.954.5453
    Email: mark@fineart1.com

    Source: Treasure Investments Corporation

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  • Treasure Investments Corporation and Mark Russo Hit the Jackpot in Las Vegas

    Treasure Investments Corporation and Mark Russo Hit the Jackpot in Las Vegas

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    Press Release



    updated: Jul 11, 2018

    Treasure Investments Corporation, a fine art company, attended the annual Safari Club International Convention Las Vegas in February 2018 with stunning results. CEO Mark Russo and several of his team set up a spectacular booth displaying over 50 masterworks in bronze and pure silver sculptures.

    Russo, a veteran to trade shows, knew that the show could produce good results, as over 30,000 members of the Safari Club International from around the world would be attending. “We set up an amazing 20’ X 20’ booth, which included 3 larger than life-size bronze monuments of an elk, eagles, and a heroic blacktail deer along with 47 other incredible wildlife, and North American bronze and silver sculptures. Our 1000-ounce pure silver bull and bear sculpture was a show stopper,” says Russo.

    It was an amazing success, people were in awe at our new Stage Coach Gold bronze by Laran Ghiglieri

    Joe Welding, Shipping Manager

    Treasure Investments sold several monuments and over 29 other high-end pieces and several 1000-ounce silver pieces. “It was an amazing success, people were in awe at our new Stage Coach Gold bronze by Laran Ghiglieri and our heroic pieces in the TIC booth,” says Joe Welding, Shipping Manager at TIC.

    So Stunning were the results that Treasure Investments has already booked their booth for next year’s conference, to be held at the Reno, Nevada Convention Center in January of 2019.

    To learn more about the company and its work with nonprofits, visit Fineart1.com.

    About Treasure Investments Corp

    Treasure Investments Corp has a diverse business platform, creating and providing fine art in original sculptures from small desktop images and collectibles to larger than life heroic monuments. The company’s master mold collection contains hundreds of original molds from world-famous artists in the United States and Europe. For more information, visit Fineart1.com.

    Media Contact:

    Mark Russo
    ​Phone: 360.954.5453
    ​Email: mark@fineart1.com

    Source: Treasure Investments Corporation

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