#home #sales #NAR US home sales rose at a record pace for a 2nd month running in July and home prices hit a record as historically low interest rates boosted demand for homes even as the C-19 coronavirus chaos put millions of out of work. The National Association of Realtors (NAR) said Friday existing home […]
A 17th-Century copy of Leonardo da Vinci’s “Mona Lisa” was sold on Tuesday at Sotheby’s auction house in Paris for 552,500 Euros, or $611,950, much more than the initial valuation of 70,000-90,000 Euros. The Mona Lisa itself, on which da Vinci began work in Y 1503, has hung at the Louvre Museum in Paris for […]
The German government sold 30-yr bonds at a negative interest rate in a sign of the clouds over markets and future growth as well as increased expectations that more central bank stimulus is coming soon. The sale adds to the piles of negative-yielding bonds currently held by investors, indicating they expect growth and inflation to […]
Christie’s went forward with the auction of a 3,000-year-old stone sculpture of the famed boy pharaoh Tutankhamun despite protests from the Egyptian government. The brown quartzite head depicting King Tut is set to go up for auction Thursday. A brown quartzite sculpture at auction in London for $5.97-M Thursday to an unnamed buyer in line […]
$PDMDF South Africa’s Petra Diamonds (OTCMKT:PDMDF, LON:PDL) has sold its 425-carat “Legacy of the Cullinan Diamond Mine” diamond to Belgium-based Stargems Group and Choron BVBA for $15-M. The exceptional D colour Type IIa gem was recovered in March of this year from the company’s iconic Cullinan mine, the same that yielded the Cullinan diamond at […]
The world’s Top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing nearly 200 carats from its Udachnaya pipe, its largest find in more than 2 years. The 191.46-carat stone, which is white with a slight yellowish tinge, measures 40 mm by 31 mm by 20 mm. It was found earlier this month at the processing […]
$RACE Ferrari’s scratch-and-sniff calendar is real Ferrari (NYSE:RACE) put on offer 5000 of its limited edition 2019 calendars and they sold out quickly at $100/each. Ferrari is the most famous car maker in the world, and everything it gets involved in moves the consumer needle. It sells t-shirts ranging from $80 to $150 and bags that cost […]
Tesla (NASDAQ:TSLA) Q-3 Earnings Follow Up Scrutiny $TSLA The Zombie Element (ZEV Credits) undermines Tesla’s Earnings Tesla (NASDAQ:TSLA) beat The Street expectations for Q-3, posting a significant profit on revenue of nearly $7-B. Recall Tesla’s only other profitable Quarter, that being Q-3 of Y 2016, analysts focused on something outside the business of selling all […]
Ferrari’s (NYSE:RACE) Latest Supercars Have No Tops or Windshields $RACE Ferrari’s (NYSE:RACE) Monza SP1 and SP2 cars are open, windshield-less, and equipped with the most powerful engine the company has ever built. Unveiled last month, the 2 Limited-Edition Supercars are the 1st in Ferrari’s new Icona series that pay homage to the Vintage and Classic […]
Ferrari’s (NYSE:RACE) Monza Supercars Big Boost to Earnings $RACE Ferrari (NYSE:RACE) plans to sell 499 units of the Monza SP1 and SP2 Supercars at $1.85-M each. Over 2 years of production, that will generate an additional $755-M in revenue. The figure is the Italian price and includes a 22% VAT, which means just over $1.5-M […]
Ferrari’s (NYSE:RACE) SP1 and SP2 Icona Series LE Supercars are Not ‘Street Legal’ in US $RACE Every 1 of them has been sold, with a price tag of $1.8-M. Thursday, Ferrari unveiled its limited-edition Monza SP1 and SP2 models of the Icona series, and the public is finally getting a glimpse of the latest Limited Edition Supercars […]
Mt Gox Trustee Sold $230-M in Bitcoin, Bitcoin Cash Since March $BTC, $BTH, $USD, $JPY The trustee for the now-defunct Japanese cryptocurrency exchange Mt. Gox has revealed new details about the pace of cryptocurrency sales as part of the firm’s bankruptcy and rehabilitation process. Attorney Nobuaki Kobayashi explained in a 25 September notice on the […]
1935 Duesenberg SSJ, the Most Expensive American Car Ever Sold at Auction At $22-M under the hammer at the Gooding & Co. auction during the 2018 Monterey Car Week this 1935 Duesenberg SSJ, is the most expensive American car ever sold at auction. Plus, this Duzy also is the most expensive pre-WWII car ever sold. The Big […]
Saturday Night the 1962 Ferrari 250 GTO, s/n 3413 Hammered for $44-M $BID, $RACE RM/Sotheby’s (NYSE:BID) auctions at Monterey saw collector Greg Whitten’s 1962 Ferrari 250 GTO, s/n 3413, the Star of Saturday night’s auction, hammered for $44-M+ in 12 mins bidding. The winning bid was placed on behalf of an agent, with the winner […]
Ferrari (NYSE:RACE) Trading Over $125/share $RACE Ferrari (NYSE:RACE) shares have been under some pressure lately after the death of Fiat Chrysler Automobiles (NYSE:FCAU) CEO Sergio Marchionne, who had led Ferrari too. Ferrari’s new CEO Louis Camilleri, 63 anni, at a recent press conference, had described ambitious $2.3-B EBITDA (earnings before interest, taxation, depreciation and amortization) […]
Ferrari (NYSE:RACE) Garners the Top Margins in the World’s Automotive Sector $RACE Ferrari (NYSE:RACE) holds the Top position in the world’s automotive sector even though it is a boutique maker of exclusive, luxury Supercars and HyperSuper cars. As such the Maranello Outfit leads the industry in a Key financial metric, that is operating profit per […]
Pagani’s Zonda HP Barchetta is the World’s Most Expensive Production Car The extremely limited-edition Pagani Zonda HP Barchetta is priced at $17.5-M Just 3 examples of this Pagani Zonda HP Barchetta will be built. One is reserved for the company’s founder Horacio Pagani which he is already driving. The other 2 have been pre-sold. The […]
California ‘Ghost Town’ Sold for $1.4-M, Buyers plan to Bring it Back to Life Cerro Gordo, an old mining town, was recently put on the market for $925,000. The abandoned mining town of Cerro Gordo that was put on the market in June was purchased on Friday for $1.4-M. The property was originally listed at $925,000. Located […]
Ferrari (NYSE:RACE) 250 GTO Then and Now $RACE, $BID, $MSFT When a Tier 1 Vintage or Classic Ferrari comes to auction it is an event, and when a 250 GTO come to auction the it is a big event, one where the world is focused. The Ferrari (NYSE:RACE) 250 GTO is the most sought-after sports […]
Ferrari’s (NYSE:RACE) Classic 250 GTO’s Are the World’s Most Expensive Cars $RACE Early this month there was a record-breaking classic car sale, it was 1963 Ferrari 250 GTO s/n 4153 the most expensive car ever sold. For now, that is… Ferrari 250 GTO s/n 4153 was bought by American entrepreneur David MacNeil, founder of WeatherTech automotive. Mr. […]
China Buying Major Soybean Tonnage from Russia $SOY China, the world’s biggest Soybean importer, almost 3X’s purchases from Russia during this current trade dispute with the US, the world’s biggest producer of the Oil seed. Russia sold about 850,000 tonnes of Soybeans to China in MY 2016-2017, according to Russia’s agriculture agency. That is more […]
Modigliani Nude Hammers for $157-M at Sotheby’s NY Auction $BID Monday, a nude portrait by Amedeo Modigliani sold for $157.2-M at Sotheby’s (NYSE:BID), achieving the 4th-highest price for any work of art at auction, though it did not set a new record for the artist. Sotheby’s had estimated “Nu couché (sur le côté gauche)” to […]
New York City’s Plaza Hotel Has Been Sold The iconic buyers of The Plaza are Shahal Khan, founder of Dubai-based family office White City Ventures, and Kamran Hakim, of New York landlord Hakim Organization. They agreed to pay $600-M for the hotel, at 1 Central Park South and 5th Avenue, in a deal that is […]
Runaway Bestseller ‘Deep State’ Banned from NY-T’s List $NYT, $AMZN Jerome Corsi’s bestselling new book “Killing the Deep State: The Fight to Save President Trump” is a runaway bestseller, but you will not see or read anything about it in the The New York Times. “Killing the Deep State” debuted last week at #10 on […]
Ferrari Continues to Command Top Prices in the Classic Car Market $RACE Last August at Pebble Beach international collectors spent $327-M on Vintage & Classic Cars High priced cars a Pebble Beach were the market’s strongest, coming in stronger than the experts expected Notably, 2 Ferraris also were in the Top 5, a 1966 Ferrari […]
Gold Leaf From Napoleon’s Coronation Crown Sold at Auction A Golden laurel leaf cut from the crown of French emperor Napoleon Bonaparte in Y 1804 was auctioned in France Sunday. The 10-gram decoration, worth less than $500 if melted down for its metal, was expected to fetch around 300X that, auctioneer Jean-Pierre Osenat said. But it […]
Sotheby’s Contemporary Art Evening Auction Totals $310.3-M $BID, $RACE Notably, the Y 2001 Ferrari F2001 sold for $7.5-M against a high estimate of $4-M, Michael Schumacher’s Monaco Grand Prix-Winning Ferrari F2001 broke the auction record for a modern era F1 car following a 6-min battle between 8 bidders represented by both Sotheby’s and Sotheby’s specialists. This is […]
Li Ka-shing’s HK Skyscraper Sold for Record HK$40.2-B The landmark building owned by Hong Kong’s richest man Li Ka-shing has been sold to a consortium led by a Chinese energy firm. A landmark building owned by Hong Kong’s richest man Li Ka-shing, 89 anni, has sold for a record price a report said last week, […]
The Rarest, Expensive Classic & Vintage Cars Sold At Auction $BID, $RACE 1962 SHELBY 260 COBRA “CSX 2000”, $13.750-M Also known as the CSX 2000, the 1962 Shelby 260 Cobra is the very 1st Shelby Cobra by legendary designer and driver Carroll Shelby. Many believe it to be the most important American sports car in history. […]
The Top 5 Ferraris (NYSE:RACE) Sold at Auction $RACE A LaFerrari Aperta set a new record as the most expensive modern car to be auctioned, but Golden Era cars beat it hands down. On 9 September 2017, Ferrari made history when #210 of its 2017 LaFerrari Aperta (pictured above) sold for $10-M (for charity) the highest […]
Gold: GATA & James Turk with His “Smoking Gun” $DIA, $GLD, $SLV, $GDX The DJIA (Dow Jones) and its step sum below peaked on March 1st of this year, after which the venerable Dow saw heavy selling. The collapsing step sum shows us that. But the price trend of the Dow Jones has weathered the […]
RM Sotheby’s (NYSE:BID) Amelia Island Classic Car Auction Report $BID At the weekend, the RM Sotheby’s Amelia Island Concours d’Elegance sale posts a record $70.9-M in sales, the highest in its history RM Sotheby’s, the world’s largest auction house for investment-quality vehicles, reinforced its clear market leadership this past weekend by generating an outstanding $70.9% […]
BCTECH Summit Sold Out Ahead of Vancouver Tech Showcase The 2nd annual #BCTECH Summit has sold out, with more than 5,000 people expected to attend the technology showcase in Vancouver later in March. The largest tech conference in BC, it will be held on 14 -15 March, and will explore everything from innovations in self-driving […]
Geneva: Ferrari’s (NYSE:RACE) 812 Superfast Sold Our Before Its Debut $RACE, $FCAU Ferrari debuted its fastest production car in its history, underscoring its reputation for Superhigh performance. The 812 Superfast debuted at the Geneva International Motor Show Tuesday with a 12-cylinder, 800-hp engine that accelerates to 62 mph in as little as 2.9 secs, making […]
Classic Ferrari Dino Tops Silverstone Auction Sales $RACE A Ferrari Dino headlined the recent Silverstone (UK) Classic Car & Motorsport auction when it pushed the bidding to almost £440,000. The superbly presented Dino Ferrari from Y 1974 had the rare, factory-fitted flared wheel arches and bidders in the room at Silverstone Auctions’ recent sale at […]
Ferrari (NYSE:RACE) is the #1 Focal Point of the Collector Car Market $RACE In Y 2016 Ferraris cars were once again the undisputed focal point of the collector car market, as 187 of Maranello’s finest we under the hammer in Y 2016. The 1957 Ferrari 335 Sport Scaglietti sold at auction in Paris last year at […]
Ferrari’s (NYSE:RACE) 2013 F1 Racer (F138) Will the Last to be Sold $RACE The complex hybrid engines of the latest Ferrari’s Formula 1 racing cars mean selling them to private buyers is not practical, as the maintenance and repairs are to costly for private ownership unless totally decommissioned Ferrari announced that it will not sell […]
UK Pinewood Studios Sold to Real Estate Investment Fund The iconic UK studio home of the James Bond franchise and ‘Star Wars’ is Europe’s largest provider of studio space. The sale of Pinewood Group to a real estate investment fund in a deal worth $412-M has closed/. Pinewood Studios was sold to Picture Holdco Ltd., an […]
Apples’ (NASDAQ:APPL) CEO, Tim Cook, Dumped 38% of His Stock $AAPL Apple Inc. (NASDAQ:AAPL) CEO Tim Cook, 55 anni, recently marked his 5 year anniversary at the helm of the world’s most valuable company by market cap, and he received a boat load of shares, that he was quick to cash out for $64.55% from selling a […]
Formula 1 Sold To John Malone’s Liberty Media for $8-B $LMCA, $LMCK Having run Formula 1 with an Iron Hand for 40 years expected Bernie Ecclestone to exit iconic, profitable Tier 1 motorsports event he created single-handed, and even on its sale for about $8.5-B he will stay in his seat of power and influence. […]
Ferrari (NYSE:RACE) Undervalued, Outlook Bullish $RACE Ferrari (NYSE:RACE) is among the world’s leading luxury brands focused on the design, engineering, production and sale of the world’s most recognizable luxury performance sports cars. The Ferrari brand symbolizes, exclusivity, innovation, state-of-the-art sporting performance and Ital Design. Its history and the image enjoyed by its cars are closely […]
Ferrari (NYSE:RACE) Marketing ‘Genius” Maintains Brand Mystique $RACE Selling more cars is not the strategy behind Ferrari marketing genius Enrico Galliera. For him selling too many cars is a problem. And maintaining exclusivity is the Key to maintaining the brand’s mystique and allure. “I have the big responsibility to keep alive this dream that is called […]
Ferris Bueller’s Replica Ferrari 250 SWB California Spyder Ferris Bueller took the day off of school 30 years ago this month and made movie history A lot has being written about John Hughes last teen trilogy of film, “Ferris Bueller’s Day Off’ that he wrote, produced, and directed, and 1 of the best characters in […]
Playboy Mansion Sold to Hostess Brands Heir The Los Angeles (Holmby Hills) Playboy Mansion has been sold to a member of the family that owns Hostess Brands, it was reported today. Hugh Hefner, 90 anni, Playboy’s founder, will be permitted to continue living at the Holmby Hills estate for the rest of his life, according […]