Cardamom auctions across India will go the electronic way from the second week of December.
The first step towards this goal was taken by the government trade promotion body, Spices Board, three months ago when it introduced a pilot electronic auction project for cardamom in Bodinaykanur in Tamil Nadu. The board will set up the system [...]

Christie’s International in London announced sales of $81 million on Thursday, a world record for an auction of Russian art.
The highlight so far of the week-long sales is a translucent pink Faberge egg, previously owned by the Rothschild family. The egg went under the hammer for $18.5 million on Wednesday.
The translucent pink egg with [...]

Precious, never-before-seen human-figure sketches by master Xu Beihong (1895-1953) go on auction today. The bidding of the 40 ink works will begin at six million yuan to eight million yuan, writes Wang Jie.
Forty ink sketches by master Xu Beihong (1895-1953) - human figures never before publicly displayed - will be auctioned [...]

A total of 3,618 lots of jade, gems and pearls were sold during the 13-day auction, which ended Monday, the official New Light of Myanmar newspaper said. It did not say how much was earned off the sale.
Poverty-stricken Myanmar is the source of up to 90 percent of the world’s rubies, and each auction of [...]

Producers who sold their teas through the four auction centres in the South in the first nine months earned Rs 4.72 crore less compared to the corresponding period of last year
An analysis of the information available with the Tea Board indicates that the earnings dropped because of a fall in both volume and price.
Between January [...]

Coal India (CIL) resumed coal e-auctions on Monday after nearly a year after a court ruling had barred it in December 2006. Now, CIL hopes to offload some 15 million tonnes through Kolkata-based MSTC and M-Junction Services by March 2008.
From next year, the coal major will sell 10% of its total production through this [...]

A set of 14 paintings made with gunpowder and ink by Chinese artist Cai Guo-Qiang sold for US$9.5 million (€6.42 million) in Hong Kong — a record for both the artist and Chinese contemporary art, Christie’s auction house said Monday.
The abstract works by Cai were sold to an anonymous bidder on Sunday as part of [...]

The auction of four pieces of cultural relics that claimed to be “state heirlooms” was halted by the Beijing Municipal Administration of Cultural Heritage. The reason, according to the administration, is that the auction company has conducted misleading and false advertisements for its goods.
The auction company, Royal International Auction Co., Ltd, [...]

The facility currently houses a development staff of approximately 1000 people and the companies plan to hire hundreds of additional technical positions over the next two years.
“We’re thrilled that one of the world’s most innovative and successful companies has selected Chennai as a home for its new development centre,” stated Shri A Raja, Honorable Union [...]

HRD Antwerp NV, the commercial subsidiary of the Antwerp World Diamond Centre, will team up with a local Chinese partner, Shanghai Gem King Technology Co. Ltd. which operates the popular 21GEM.com website, by holding a “HRD Antwerp Certified Diamond Auction”. The auction will be held on December 2nd, just days after the conclusion of the [...]