The auction of a signed portrait of billionaire Warren Buffett that was painted at this year’s Berkshire Hathaway shareholders meeting will end Thursday evening at 7 p.m. CST.
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A 10.48 carat blue diamond failed to sell at a Geneva auction as no one matched the reserve price of 6.7 million Swiss francs ($A9.42 million), Sotheby’s said.
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Sellers dump equipment to pull in capital. Buyers are lured by cheap prices, although some are reluctant to spend on equipment that could remain idle for months. Robert Anderson, 70, wandered the huge auction yard in Perris, inspecting his fleet of excavators, backhoes and other heavy construction machines, including the first crane he ever owned.
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A 10.48 carat blue diamond failed to sell at a Geneva auction as no one matched the reserve price of 6.7 million Swiss francs (six million dollars), auctioneers Sotheby’s said Thursday, blaming the current economic climate.
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Associated Press - November 20, 2008 7:53 AM ET OMAHA, Neb. (AP) - The auction of a signed portrait of billionaire Warren Buffett that was painted at this year’s Berkshire Hathaway shareholders…
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Jay T. Snider’s collection of early Americana, much of it relating to Philadelphia, fetched $2.3 million at an auction ending yesterday in New York.
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Nov. 20 (Bloomberg) — Sotheby’s failed to sell three of the top diamonds offered in a Geneva auction of jewels following a five-week decline in prices for such gems.
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Nov. 20 (Bloomberg) — Electricite de France SA , the world’s biggest operator of nuclear reactors, sold 500 megawatts of power to alternative suppliers at an auction yesterday.
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The Government provoked protests from campaign groups yesterday as it began Europe’s first auction of carbon emissions permits but admitted that the proceeds would not necessarily be used to tackle climate change.
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A mural by Mexican artist Rufino Tamayo — one of five exhibited in the United States still in private hands — was sold Tuesday for nearly $7 million at an auction of Latin American art.
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