Lenovo, the worldwide partner of the Olympic Torch Relay and one of the sponsors of the Olympic Games, has launched the first of three online auctions taking place in India as part of a global online Olympic philanthropic auction.
Just as the Beijing 2008 Olympic Torch Relay will travel around the world, a new Lenovo auction [...]

Acker Merrall & Condit will hold its first Asian wine auction in Hong Kong to serve a growing interest in wine in the former British colony and on the mainland of China.
“More and more of our business is going to Asia,” said John Kapon, president of Acker Merrall & Condit, the oldest wine shop in [...]

Fresh chilli crop’s dominated auctions at the market yard in Andhra last week and this week, earning higher prices than cold storage (old) chilli. Arrival of rain-drenched chilli, which flooded the market last week, has dropped this week.
Exporters purchased 60 per cent of the crop put on sale at the auction. Desi chilli was sold [...]

A car registration plate has sold for 2.1 million US dollars in Hong Kong, making it the wealthy city’s most expensive vehicle number, a news report said Sunday. The plate - bearing the number 18 - was bought by an electronics businessman after 43 rounds of bidding at an auction of car numbers Saturday, a [...]

Auction house Sotheby’s expects to sell $167 million worth of Asian art at its upcoming spring sales in Hong Kong, downplaying concerns over a correction in Asian art prices amid global market turmoil.
The head of Sotheby’s in Asia shrugged off worries over the credit crisis and a possible U.S. recession, saying he expected valuations for [...]

Christie’s announces that it will offer a rare diamond of 101.27 carats in the forthcoming Spring Hong Kong jewellery sale on May 28. This extraordinary gem is the largest colourless diamond to appear on the auction market in the last 18 years and is expected to realize in excess of US$6 million. It will be [...]

Virginia tobacco auctions began on 11 more floors on Thursday in Andhra Pradesh in the second phase. In the first, auctions had begun on six floors in the State and so far 7 million kg of tobacco has been sold.
The Tobacco Board has authorised production of 149 million kg in the State, but usually there [...]

Works of masters of modern Indian art like M.F. Husain, F.N. Souza, S.H. Raza, J. Swaminathan and Tyeb Mehta are dominating global auctions of Asian art this season - whether it is Christie’s, Sotheby’s or Bonhams. M.F. Husain’s “The Battle of Ganga and Yamuna”, estimated to rake in between $600,000 to $800,000 (Rs.32 million), was [...]

A two-day auction for 2.5 million tons of state wheat reserves opened on Wednesday at the Henan Provincial Grain Trade Market, which is conducting the largest such auction in China.
Auction volumes have risen sharply this year, compared with just a few months ago. In late 2007, auctions were no more than [...]

Sotheby’s spring sale of Indian Art in New York will be held on March 19, 2008, and will include important Modern paintings by M.F. Husain, J. Swaminathan, Rameshwar Broota, F. N. Souza, S. H. Raza, Ganesha Pyne and Arpita Singh, among others. The offering of 89 lots, which is estimated to bring $4.8/6.8 million*, will [...]