Archive for October, 2007

Japanese temple goes on auction bloc over unpaid tax

Tuesday, October 30th, 2007

A tax bureau is auctioning off the temple, which includes a 75-meter-high (246-foot) pagoda and Japanese garden along with several other buildings on a 34,000 square-meter (40,000 square-yard) lot.
The asking price: 3.5 billion yen (30.6 million dollars).
The Daishizan-Seidaiji temple was built in 1987 in Katsuyama in western Fukui prefecture by the head of a regional [...]

Good demand for CTC teas at N. Indian auctions

Tuesday, October 30th, 2007

Kolkata: Last week, the CTC teas at the North Indian auction centres of Kolkata, Siliguri and Guwahati witnessed good demand at firm to occasionally dearer levels, following continued strong buying from domestic segments and packeteers, according to tea auctioneers J Thomas & Company Pvt Ltd.
Orthodox varieties had a firm market with fannings often appreciating in [...]

eBay eyes Southeast Asia

Monday, October 29th, 2007

Sam McDonagh, director of eBay Southeast Asia, told ZDNet Asia in an interview: “We’re very optimistic about the growth of the market, and it is not just Singapore but the Southeast Asia region.”
eBay operates three full-fledged sites, where members can buy and sell online, in Singapore, Malaysia and the Philippines, as well as other site’s [...]

Borobudur contemporary art auction

Sunday, October 28th, 2007

Asian contemporary art took centre stage at the Borobudur Auction this weekend.
Touted as one of the biggest auctions in Asia, the event drew some 2,000 international art collectors.
The collection of artworks by Indonesian contemporary artists stood out at the auction.
A painting, named “Silent Road” by Putu Sutawijaya was auctioned at S$350,000 – [...]

India: Auctions most transparent way of distributing 2G spectrum

Saturday, October 27th, 2007

Contradicting Telecom Minister A Raja’s recent public statements, senior telecom department (DoT) officials have supported auctions as the most transparent way of distributing 2G spectrum.
According to official documents available with TOI , the DoT top brass has outlined three ways that spectrum can be allocated, of which two argue a case for auctions. The [...]

Sothebys Islamic and modern and contemporary Arab and Iranian artefacts

Thursday, October 25th, 2007

Auctioneer Sotheby’s has realized an impressive 14,618,688 pounds from sales of Islamic and modern and contemporary Arab and Iranian artefacts including an Indian ‘Talwar’, the highest ever for a series of sales in this category.
The sale included a fine Indian Talwar (a sword) with watered steel blade, dated back to 1637 ad which fetched [...]

Bonhams Asian Art Department

Monday, October 22nd, 2007

The London Asian Art department sells a wide variety of fine and decorative art from throughout the Asian sub-continent at our salerooms in New Bond Street and Knightsbridge. Other Asian art is offered, less frequently, in specialised sales at our Edinburgh saleroom. Our London auctions include all artefacts from China, Japan, Korea, Tibet, the Himalayas [...]

India plans biggest auction of oil and gas blocks

Monday, October 22nd, 2007

India is planning its largest ever auction of oil and gas exploration blocks and has set a tentative start date of mid-November to begin marketing the sale around the world.
The long-awaited auction is a crucial part of India’s efforts to boost domestic oil production to keep pace with its rapidly growing economy and to help [...]

RTA raises Dh9m through car number plate auction

Sunday, October 21st, 2007

Owner of General Trading, Bin Thyab was the highest bidder at the auction organised in aid of the Dubai Cares campaign at Jumeirah Beach Hotel. He bought the number plate F/196 for Dh300,000.
The auction raised nearly Dh9 million and was added to six weeks’ worth of Salik revenue, equivalent to Dh35 million, donated by RTA.
Bin [...]

India to reintroduce e-auction sale of coal

Friday, October 19th, 2007

India said it will reintroduce the e-auction sale of coal with certain modified features to encourage emergence of a proper coal market in the country, as it announced its new coal distribution policy on Friday.
The e-auction sale of coal is likely to be introduced within one month and until such time the present scheme of [...]