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Tag: auction

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...
Mixed results for Trump's first oil and gas auction for Gulf

Mixed results for Trump's first oil and gas auction for Gulf

Business
Aug. 17 (UPI) -- The largest lease sale in the U.S. Gulf of Mexico, and the first under President Trump's administration, generated mixed results for high bids and coverage.The first lease covering the entire southern coastal region, save for protected areas, generated $ 121 million in high bids for 90 tracts covering nearly 510,000 acres. The U.S. Interior Department said the results of lease underscored the government's efforts to stimulate domestic development with fewer restrictions."The sale offered the largest amount of acreage in the history of the federal offshore program in the Gulf, including parcels offshore Texas, Louisiana, Mississippi, Alabama, and Florida," the department stated.The area up for bids covered 75.9 million acres for oil and gas exploration and development and i...
Einstein letters on God, McCarthy, Israel go up for auction

Einstein letters on God, McCarthy, Israel go up for auction

Technology
A collection of letters written by Albert Einstein is set to go to auction next week, offering a new glimpse at the Nobel-winning physicist's views on God, McCarthyism and what was then the newly established state of Israel. The five original letters, dated 1951 to 1954 and signed by Einstein, reveal a witty and sensitive side of the esteemed scientist. They were sent to quantum physicist David Bohm, a colleague who fled the United States for Brazil in 1951 after refusing to testify about his links to the Communist Party to the House Un-American Activities Committee. Bohm's widow's estate put the documents on the block after she passed away last year. One of the yellowing pages, bearing Einstein's signature and embossed seal, and a handwritten general relativity equation, opens at $ 8,000...