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Tag: auction

Good results from U.S. offshore auction, but expectations low

Good results from U.S. offshore auction, but expectations low

Business
Aug. 16 (UPI) -- Results from a U.S. auction for drilling rights in the Gulf of Mexico showed companies are willing to spend again, but expectations were low, experts said. An auction Wednesday for rights to drill into the U.S. waters of the Gulf of Mexico secured $ 178.1 million in high bids from 29 different companies. That's an increase of 43 percent from the last lease sale in March. William Turner, a research analyst at consultant group Wood Mackenzie, said less acreage was on the auction block and the industry didn't get an incentive from lower royalty rates like they wanted so expectations were low. "However, with an increase in competitive bids and dollar amount from the last round, companies demonstrated their continued confidence in the region," he said in a research note emaile...
One giant sale: Neil Armstrong's collection goes to auction

One giant sale: Neil Armstrong's collection goes to auction

Technology
Admirers of Neil Armstrong and space exploration have a chance to own artifacts and mementos that belonged to the modest man who became a global hero by becoming the first human to walk on the moon. The personal collection of Armstrong, who died in his native Ohio in 2012, will be offered for sale in a series of auctions handled by Dallas-based Heritage Auctions, beginning Nov. 1-2 and continuing in May and November 2019. The collection includes a variety of artifacts from Armstrong's 1969 lunar landing and private mementos that include pieces of a wing and propeller from the 1903 Wright Brothers Flyer that the astronaut took with him to the moon. Other items that went to the moon with Armstrong include a U.S. flag, the largest size typically flown during Apollo missions; a United Nation...
Premier League raises less from TV rights auction

Premier League raises less from TV rights auction

Business
The Premier League has seen a decline in the money raised from the sale of rights to broadcast matches in the UK.In total BT and Sky bid £4.4bn to screen the lion's share of 200 games for each season between 2019-2022.That amount falls short of the £5.1bn the Premier League netted in 2015.Two packages to show 20 midweek matches are still to be sold, but experts say it is unlikely they will raise enough to top the previous rights deal."I don't think that those two packages by themselves are going to bridge the gap between what the domestic rights were sold for last time and what they're going for this time," said Dan Jones, head of the sports business group at the accountancy firm Deloitte.In 2012, BT and Sky paid £3bn for the rights to show matches between 2013 and 2015, up from £1.77bn in
Steve Jobs' sweet ride is part of high-end car auction

Steve Jobs' sweet ride is part of high-end car auction

Technology
A sleek sports car once owned by Steve Jobs could sell for over $ 300,000 at a December auction — practically pocket change compared to some of the million-dollar vehicles that will be offered alongside it. The Apple founder's 2000 BMW Z8 convertible is among about 30 sets of hot wheels that will be offered by a variety of consignors at the Dec. 6 sale in Manhattan. Bidders at the fantasy-fueled RM Sotheby's auction might steer toward a handsomely earth-toned 1961 Ferrari 250 GT Cabriolet Series II by Pininfarina, which has a pre-sale estimate of about $ 1.5 million to $ 1.8 million. They'll also have the chance to peruse a white, "ultimate street-legal" 1995 Porsche 911 GT2, which has a pre-sale estimate of about $ 1.1 million to $ 1.4 million, and a red 1952 Chrysler D'Elegance by Ghia,
Market Chatter: Exxon Mobile, Shell Reportedly Win Oil Blocks in Brazil at Auction

Market Chatter: Exxon Mobile, Shell Reportedly Win Oil Blocks in Brazil at Auction

Finance
Shutterstock photoRoyal Dutch Shell (RDS.A, RDS.B) and Exxon Mobil (XOM.N) won blocks in Brazil's pre-salt oil region at an auction on Friday, Reuters reported.Shell won two of the initial four blocks under the hammer as part of consortia and Exxon, in a consortium with Norway's Statoil ( STO ) and Portugal's Petrogal, a unit of Galp Energia (GALP.LS), won another, according to the report.There were no bids for the fourth block, and another four blocks will be auctioned later on Friday, it said.The eight blocks on offer contain a total of more than 12 billion barrels of estimated oil reserves, according to the report.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.Copyright (C) 2016 MTNewswires.com. All r...