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Horrible 5 Year Auction Sends Treasury Complex Into A Tailspin, 5 Year Yield Surges

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

It has been a long time since we had seen a 5 Year auction as ugly as today's: printing at a 1.615% high yield, the 5 Year had a 3.5 bps tail off the bat to the 1.58% WI where it was trading before. The internals were just as ugly, with the Bid To Cover coming at 2.59 a plunge from May's 3.20, and the lowest since June 2010. Not surprisingly, Indirect interest evaporated once again, tumbling from 47.1% to just 37.6%, with Primary Dealers having to take up more than half, or 52.1%, and the remainder going to Direct...

Rare Howard Hughes Hell’s Angels Luger Pistol to be Auctioned

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

Michigan --(Ammoland.com)- A rare German Luger pistol once owned by aviation pioneer Howard Hughes could reach new heights when it goes up for auction in Solana Beach, Calif. on September 1, 2011 from Craig Gottlieb Militaria Auctions. The iconic handgun was used in the 1930 epic World War I film Hell’s Angels, which Hughes directed. The gun was used in the final scene of the Hollywood blockbuster that introduced actress Jean Harlow to the silver screen. It was one of the most expensive “talkies” ever produced. It was also notable for introducing the phrase “excuse me while I put on...

Auction Website

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

Can anyone tell me the computer code to create a 'bid' button on an auction website? I don't want to bother with Ebay and do this myself and not let Ebay cheat me out of a profit.

Government auctions Unabomber’s property (Algore warming up the checkbook?)

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

Government auctions Unabomber’s propertyBy Ylan Q. Mui, Published: May 13 There is nothing sinister about the gray hooded sweatshirt anymore, no mystery behind the aviator sunglasses. Once, they were among the hallmarks of Ted Kaczynski, the anarchist Unabomber who killed three people and injured almost two dozen more during a nearly 20-year reign of terror. Now, his old clothes adorn a mannequin in a sterile government office in an online photo tagged Unabomb0001. This is the first of 51 lots of Kaczynski’s personal belongings that the government will auction online next week in what amounts to Uncle Sam’s version of...

Treasury Math: #Winning (Feds caught violating debt limit alert)

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

We have a quick question for the Treasury Secretary: according to today's DTS, as of close yesterday, the Treasury had $14.274 trillion in debt subject to the ceiling of $14.294 trillion, or a $20 billion "buffer." To the best of our knowledge there were no redemptions today, and certainly none in the non-Bill pipeline this week. So, uh, how exactly did Tim Geithner auction off $32 billion today? (and plans to auction off another $40 billion tomorrow and Thursday)

Former J.P. Morgan Banker James Hertz Pleads Guilty to Municipal Bond Bid Rigging

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

According to a U.S. District Court plea proceeding held in Manhattan on November 29, 2010, former J.P. Morgan Securities, Inc. banker James Leonard Hertz, a resident of Cranford, N.J., engaged in separate bid-rigging and fraud conspiracies related to the provision of a type of contract, known as an investment agreement, and other municipal finance contracts, including derivatives contracts, to public entities throughout the United States, such as state, county and local governments and agencies. Hertz also pleaded guilty to one count of wire fraud. According to the plea agreement, Hertz has agreed to cooperate with the ongoing investigation.

German 2 Year Auction Fails By 20% Of Notional As Rush From Government Paper Intensifies

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

There is only so long that the Bundesbank can keep ignoring the fact that it has recently started piling on failed auction after failed auction. Today, Germany tried to sell €5 billion in 2 Year 1% Schatz notes. And while the official tally on the auction was a 1.1 Bid To Cover at a 0.92% average yield, just above our own 3 Year auction yesterday, (and a drop from the 1.4 previously) this was yet another failed auction, as the bank managed to get only €4.33 billion in competitive and non-competitive bids. The kicker: the Bundesbank retained €995 million of...

Chinese vase sells for world record-breaking £53.1 million at auction

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

The 18th century Qianlong porcelain vase had been estimated to fetch between £800,000 and £1.2 million by Bainbridges, the provincial auction house handling the sale. The 18th century Qianlong-dynasty porcelain vase is believed to have fetched the highest price for any Chinese artwork sold at auction However both the auctioneers and the owners were stunned when it went for the highest price of any Chinese artwork sold at auction. The elaborately decorated piece was put up for sale by a brother and sister who found it while clearing out their parents’ home in Pinner, north-west London after they recently died.

Bill Clinton pushed Meek to quit Florida race

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

Bill Clinton sought to persuade Rep. Kendrick Meek to drop out of the race for Senate during a trip to Florida last week — and nearly succeeded. Meek agreed — twice — to drop out and endorse Gov. Charlie Crist’s independent bid in a last-ditch effort to stop Marco Rubio, the Republican nominee who stands on the cusp of national stardom. Meek, a staunch Clinton ally from Miami, has failed to broaden his appeal around the state and is mired in third place in most public polls, with a survey today showing him with just 15 percent of the vote....

Bernie Madoff's Slippers, Piano Can Be Yours at Auction

Thursday 24th of May 2012 07:48:02 PM
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Madoff's Slippers, Piano Can Be Yours at AuctionFeds to Sell Disgraced Financier's Personal Items in NYC; All Proceeds Will Benefit His Wronged Investors NEW YORK, Oct. 20, 2010 (AP) More than 400 of Bernard Madoff's possessions are heading for the auction block in New York City. The items include Madoff's black velveteen slippers, embroidered in gold with "BLM," a Steinway piano and his wife Ruth's 10.5-carat diamond ring. The U.S. Marshals Service will be selling the disgraced financier's personal items on Nov. 13 at the Sheraton New York Hotel & Towers. They are the last items taken from Madoff's Manhattan...

GoDaddy.com puts itself up for sale: report

Thursday 24th of May 2012 07:48:02 PM
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Internet domain name registry GoDaddy.com has put itself up for sale, the Wall Street Journal reported on Friday.

Auction will be gnomeless (Oh give me a gnome...)

Thursday 24th of May 2012 07:48:02 PM
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If you hoped to get your hands on some of the garden gnomes at the City of Gillette auction on Thursday, you’re out of luck. The little guys will be hanging around the Gillette Police Department a while longer. More than 100 garden gnomes that were supposed to be sold at the city auction were pulled from the auction block after Gillette police got reports that the gnome nabbing may have been more expansive than just northeastern Wyoming. Three teenage girls confessed to stealing 143 gnomes from lawns in Gillette and Campbell County in May after Sundance police caught them...

Philadelphia Newspapers Up For Auction(auction date: Sept. 23)

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

Philadelphia Newspapers Up For Auction Theresa McCabe 09/15/10 - 10:06 AM EDT NEW YORK (TheStreet) -- The auction for The Philadelphia Inquirer and Philadelphia Daily News is set for Sept. 23 after creditors missed Tuesday's deadline to complete their planned $139 million buyout. The two newspapers, run by private company Philadelphia Media, have been operating under Chapter 11 bankruptcy protection since February 2009. In April, a combination of hedge funds including Angelo Gordon and Alden Global Capital agreed to purchase the newspapers out of bankruptcy protection. The sale was not finalized due to unresolved labor contracts with the papers' truck...

'Ten Commandments' up for auction

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

NEW YORK,- A New York auction house said the "Ten Commandments" tablets from the film of the same name and a piece of the Lady Liberty's nose are headed for the block. Guernsey's Auction House said its Sept. 24 Iconic Objects Auction will include the tablets from the Charlton Heston film, a piece of the Statue of Liberty's nose made but not used during a 1980s restoration and other items, including a falcon statuette made for the Humphrey Bogart film "The Maltese Falcon" and sunglasses once worn by James Dean, the New York Daily News reported Friday. "Any of these...

Beatles fans unite to save Ringo Starr's home

Thursday 24th of May 2012 07:48:02 PM
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The house of the former Beatle Ringo Starr has been under threat for a number of years. Beatles lovers in Liverpool have united in a bid to save Ringo Starr's home which is under threat of demolition. The Save Madryn Street (SMS) campaign will be launched at the city's Hard Day's Night Hotel. It will be headed by local Ringo lookalike Max Frudd. Born Richard Starkey on 7 July 1940, the drummer lived at the house for the early years of his life. The Victorian terrace in Madryn Street, Toxteth, is one of hundreds in the "Welsh Streets" area to...

John Lennon's toilet to be auctioned with Beatles memorabilia

Thursday 24th of May 2012 07:48:02 PM
Posted by admin / Under Auction Hunters

...A mono-sound copy Two Virgins, which he recorded with Yoko Ono, is expected to fetch at least £2,500. When the avant-garde LP was released in November 1968 it was notable for being sold in brown paper bags because the sleeve controversially featured a naked picture of the famous couple on the cover. Although a limited release of 5,000 stereo versions of the album were available in shops, fans had to write to the record label to purchase a mono copy of the record. The exact number of mono copies sold is not known, but auction organisers say it is likely...