The first Christie’s Wine Auction to be held in Asia since 2001, will take place on November 29th, 2008.
The evening sale will feature around 250 selected lots, with 150 lots from Château Latour. The Latour selection will comprise of bottles, magnums and many large formats from a wide range of vintages up to 2005 with [...]

NEW YORK, NY - Christie’s International, the world’s leading art business, has named Andrew Foster President, Asia. Mr. Foster will have direct responsibility for the overall strategy and management of the Asia region, including all of the company’s Regional Representative Offices and its partnership in Mainland China with Forever, with whom Christie’s has a brand-licensing [...]

The Philippines government is moving ahead with it’s plan to auction it’s 40% stake in Petron Corp. Approval for the sale should be secured in the next two weeks, a Cabinet official said.
Government, Finance Secretary Margarito B. Teves told reporters last week, also wants to earn more than the approximately P23 billion a similar-sized stake [...]

BEIJING - China’s leading e-commerce company Alibaba Group, the parent of Hong Kong-listed Alibaba.com, has invested 2 bln yuan in online C2C auction unit Taobao.com.
In a statement on the group’s web site, Ma Yun, CEO of Alibaba Group, said that the 2 bln yuan will help Taobao.com build a mature online C2C business chain.
“We will [...]

The auction of government vehicles at the LOS impound has been extended by a day to Sunday (today) because 80 vehicles have not been auctioned yet. The vehicles were surrendered by various departments and autonomous bodies as part of the government’s austerity drive.
The auction committee sold 124 vehicles yesterday (Saturday). Around 650 of the 703 [...]

Mallet Japan’s Modern and Contemporary auction will be held on July 25th in Tokyo. The sale offers a wide range of paintings and prints by Japanese, American and European artists.
From the Japanese art section, works by leading contemporary artists such as Yayoi Kusama (lot#48 ‘Infinity Nets (NNTT)’ 3,000,000-4,000,000JPY; lot#50 ‘Midsummer’ 5,000,000-7,000,000JPY; lot#60 `Pumpkins` 6,000,000-8,000,000JPY) [...]

Two months ago, telecom minister A Raja had promised to announce 3G guidelines by June. It now appears unlikely that Raja will be able to extract a quick decision from PM on 3G before the next week or so. Senior government officials have confirmed it’s unlikly that 3G spectrum auctions taking place before November or [...]

“Galloping Horses”, a painting by the famed Chinese artist Xu Beihong, was auctioned on Monday for 8 million yuan (1.14 million U.S. dollars) to support the Chinese athletic team taking part in the September Beijing Paralympic Games.
The painting was the first sale in a charity auction held by the China Disabled Persons [...]