Browsing Tag

auction

22 posts

Chinese Entrepreneur Misses $4.57 Million Lunch With Warren Buffett

A Chinese cryptocurrency entrepreneur who paid $4.57 million at a charity auction for a lunch with Warren Buffett has missed the event over a bizarre series of health concerns that came amid the Chinese government’s crackdown on bitcoins.

Justin Sun, 29, founder of cryptocurrency startup Tron and CEO of file-sharing service BitTorrent, claimed that he was suffering from kidney stones on July 23, two days before the scheduled “Power Lunch with Warren Buffett” at the upscale Smith & Wollensky’s steakhouse in Midtown Manhattan.

Bruce Lee’s Old Watch He Gave to Student Sells at Auction for $28,700

A Bruce Lee watch memorabilia recently went up for auction and was bought for far more than its asking price of 80,000 to 150,000 Hong Kong dollars ($10,192 to $19,111) to an unnamed buyer.

The watch, Universal Genève Polerouter timepiece (circa 1950s), which was described as a “very rare and historically interesting yellow gold-plated stainless steel wristwatch with sweep center seconds,” was sold for a much higher price of 225,000 Hong Kong dollars ($28,700), according to South China Morning Post.

Vase From Qing Dynasty Discovered in a French Attic Sells for $19 Million

A vase dating back to 18th century China, believed to have been owned and passed down from one generation to another by a French family, was auctioned and sold for 16.2 million euros ($19 million).

The exceptionally rare and well-preserved vase was hidden inside a shoe box and wrapped with some newspaper in the attic of a French family. It was later brought to Sotheby’s Paris, France, branch to put up for auction, according to Shanghaiist.

Ancient Artifact Stolen From Chinese Temple Sells for $580,000 at British Auction

A stolen rare artifact from a revered imperial palace in China fetched more than double its estimated value at a recent auction in England.

Reportedly looted in Beijing by a British soldier in 1860, the 3,000-year-old bronze water vessel dating back to the Western Zhou dynasty (1047-772BC), was purchased for a whopping  £410,000 ($581,600) at Canterbury Auction Galleries on Wednesday.

Someone Put an $84 Million Abandoned Skyscraper in China For Sale on Taobao

The Taobao auction for an abandoned skyscraper project in Taiyuan, the capital of northern China’s Shanxi Province, was unsuccessful in attracting buyers with a starting price of 550 million yuan ($84 million).

Instead of caving in, the organizer of the event, Shanxi Provincial Higher People’s Court, officially announced a second auction, which is expected to take place either by the end of January or early February, according to Xinhua.

Chinese Company Purchases Two Boeing 747s Off Taobao for Just $48 Million

Popular Chinese online shopping site Taobao has some strange items on sale such as portable flame throwers, but now they can add airbuses to the list as two Boeing 747s were auctioned off for 322 million yuan (more than $48 million) to a courier company.

The heated bidding exchange started two months ago when one of the planes initially started with a 135,038,600 yuan ($20,410,914) price tag, while the other plane went for 133,780,800 yuan ($20,220,799).