Online platform auction house, SaffronArt, has closed a record sale featuring rare and significant works of Indian modern and contemporary artists registering a total sale value of around Rs 39 crore.
Hosted on an innovative and interactive online platform, the auction featured the work of globally-sought painters, sculptors and installation artists, including S H Raza, Subodh [...]

Myanmar has started an 11-day auction of precious gems in Yangon, state media reported. The New Light of Myanmar announced that the sale of gems, jade and pearls would run until July 4 at the Myanmar Convention Centre.
Myanmar auctioned off more than 7,700 lots of precious stones, which officials valued at more than 100 million [...]

Following the big success of its last auction in Geneva, today’s Hong Kong auction realized a total of HK$ 36,051,200 (US$ 4,616,716/CHF 4,840,234/EUR 2,997,657). Of the 417 first-class timepieces offered, 112% was sold by value and 72% was sold by lot.
Excellent prices were achieved for Patek Philippe wristwatches with the highlight of the sale, [...]

Amid strong protests by women’s organisations and opposition parties, tenders were opened Monday for licenses to run hundreds of wine shops across Andhra Pradesh.
Breaking all records, the license for one wine shop in the state capital was sold for over Rs.20 million while in majority of the towns the businessmen bagged the licenses for over [...]

In an attempt to bring down the prices of commercial rice in Davao City, National Food Authority administrator Jessup P. Navarro has ordered the holding of pilot market auctions using the Dutch auction system for market-based retailers.
Under the Dutch auction system, the NFA sets a specific price for rice that is being auctioned that the [...]

Christie’s sale of Modern & Contemporary art in London has seen Souza’s 1955 work, Birth, fetching £1,273,250, as against an estimated £600,000-800,000.
Overall, the sale generated £5,432,050 and saw 70% of the lots being lapped up.

Cardamom growers and traders have predicted a good crop and an early harvest for the coming season, due to consistent summer rains.
The harvesting has already started and the auctioning for the new season is tentatively slated for June 22, said PC Punnoose, general manager of Kerala Cardamom Processing and Marketing Co-operative Society.
The auctions in [...]

A rare and important Chinese Sui Dynasty stele dated 613 A.D. which possesses both cultural and historic significance will be sold at auction June 18, 2008 at Dallas Auction Gallery.
This stele originated from the Estate of Richard Shih-chiu Huang by descent from Professor Huang Fanggang, who was a Professor of Philosophy at the National Wuhan [...]

Christie’s Hong Kong sale of magnificent jewels totalled a record HK$468.8million/US$60.1million - the LARGEST JEWELLERY SALE EVER ORGANIZED BY CHRISTIE’S ANYWHERE IN THE WORLD.
The top lot of the day was the 101.27ct F, VVS1 diamond which sold to a private collector for HK$48.9million/US$6.2million - THE LARGEST DIAMOND EVER SOLD AT AUCTION IN ASIA.
Other records [...]

Total offerings at the weekly auction held at the Tea Trade Association of Coimbatore on Friday was higher at 6.46 lakh kg, with leaf grades accounting for 2.23 lakh kg and the balance 4.23 lakh kg of tea dust.
There was good demand for the Nilgiris high grown orthodox leaf and export enquiries for the larger [...]