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Auction to raise funds for cancer kids at PGH

PABLO PICASSO once said, “Art washes away from the soul the dust of everyday life.” Some people, like children with cancer, don’t have the benefit of everyday life that they can shake dust from. Salcedo Auctions, through its subsidiary Gavel&Block, is helping out children with cancer through a benefit auction on July 20, in partnership with the IWantToShare Foundation.

Sneakers give art a run for its money at first-of-a-kind Sotheby’s...

NEW YORK — Move over Monet. Nike is hot on your heels.

Leòn holding its 12th online auction

THE Leòn Exchange Online Auction Edition 12, under the Leonexchange platform, will be held on July 20 and 21 starting at 11 a.m. All bidding will be purely online at www.leonexchange.com.

Hot, cold and busted sales in London show the risks of...

COMPETING bids for a tiny abstract painting by Robert Ryman climbed higher and higher until — Bang! — the hammer came down on the 1963 canvas at £850,000 ($1.08 million), more than twice its low estimate.

Auction to raise f unds for sick children in PGH

ON JULY 20, Gavel&Block, a subsidiary brand of Salcedo Auctions that features both established artists and emerging talent, will mount a benefit auction in partnership with the IWantToShare Foundation, an organization which works with the Philippine General Hospital (PGH).

What happens when you unexpectedly buy that $20 million painting

JUST 15 months after Peter Doig’s The Architect’s Home in the Ravine fetched $20 million at Sotheby’s, the landscape was back on the market.

Drahi’s bid for Sotheby’s puts the Art world in play

IN A career defined by audacious takeovers, Patrick Drahi’s bid for Sotheby’s ranks as perhaps the most surprising of all.

Gay Art Auctions: Does the label help or hurt an artist’s...

AS PART of a commemoration of Gay Pride Month and the 50th anniversary of the Stonewall Riots, Swann Auction Galleries held its first ever Pride Sale on Thursday in New York.

Sotheby’s to auction lock of Beethoven’s hair

LONDON — British auction house Sotheby’s plans to sell on Tuesday (today in Manila) what it says is a “substantial” lock of Ludwig van Beethoven’s hair that the German composer himself cut off and gave to a pianist friend in 1826.

Madonna loses appeal over auction of Tupac Shakur breakup letter

NEW YORK — Madonna lost a court battle to keep a trove of intimate belongings including a pair of satin panties, a brush containing her hair, and a breakup letter from a former boyfriend, the late rapper Tupac Shakur, from heading to the auction block.

Palace: Marcoses can join auction of jewelry

MALACAÑANG on Monday said the family of the late dictator Ferdinand E. Marcos is allowed to participate in the auction of “ill-gotten” jewelry seized from former first lady and now Ilocos Norte-2nd district Rep. Imelda R. Marcos.

‘Paradise Found’ opens Salcedo Auction’s new space

SALCEDO Auctions will hold its inaugural auction at its new headquarters at NEX Tower along Ayala Avenue in Makati on June 1.

P9 million the going rate at auction for Lunas, Hidalgo

PAINTINGS by Juan Luna and Felix Resurreccion Hidalgo fetched P9 million at Salcedo Auctions’ Important Philippine Art sale on March 9.

2 Lunas and a Hidalgo

“PHILIPPINE art history is never static. It remains in constant flux,” remarked Salcedo Auctions director Richie Lerma, speaking about the emergence of three works by classic Filipino artists.

Deneuve gets $1M in YSL gown auction

PARIS -- A beaded dress worn by Catherine Deneuve when she first met Alfred Hitchcock in 1969 were among dozens of her glamorous gowns sold at an auction in Paris on Thursday.

Banksy’s ‘snow’ pollution mural sold for over $130,000

LONDON — A mural by elusive British street artist Banksy depicting a child enjoying falling snow that is in fact pollution from a burning bin has been sold for over £100,000 ($130,000) to a British art dealer.

Actress Catherine Deneuve to part with her Yves Saint Laurent gowns...

PARIS -- A beaded dress worn by Catherine Deneuve when she first met Alfred Hitchcock in 1969 are among dozens of glamorous gowns up for auction next week in Paris, where the French actress is due to part with her Yves Saint Laurent collection.

Exciting Enderun auction raises funds for Tuloy Foundation scholars

EXCITEMENT filled the Enderun Tent as the live auction of the Harvest of Hope fundraising dinner began. The sale’s tempo started off at a stately pace, with auctioneers setting bid increments at P10,000. By the end of the run, guests were furiously bidding for “72 Hours in the World of Alain Ducasse,” with each paddle raise corresponding to a price increase of P100,000.

For very special Christmas gifts

SALCEDO AUCTIONS celebrates the end of the year with fine art and collectibles at its year-end sale, Under the Tree: The Wish List. The sale offers 400 collectible pieces ranging from fine art, jewelry and timepieces to Philippine tribal art, antique furniture, rare books, prints, maps, and vintage memorabilia.

Christie’s tops Sotheby’s in monster auction week

CHRISTIE’S beat out rival Sotheby’s in a billion-dollar week for both auction houses, thanks in part to eight-figure sales by bold-faced artists.

Vintage Mickey Mouse posters to fetch thousands at auction

LONDON — Seven rare vintage posters of Mickey Mouse are expected to fetch thousands of dollars at an auction that coincides with the 90th anniversary of the cartoon character’s first film appearance.

Michael Jackson’s Bad tour jacket sold

MICHAEL JACKSON’s iconic black “Bad” jacket, which he wore on his first solo tour, sold for $298,000 late Saturday, about three times its original asking price, at a New York auction which featured items from music legends Prince, Madonna, John Lennon and others, officials announced.

Jackson’s ‘Bad’ tour jacket up for auction

LOS ANGELES — Michael Jackson’s black “Bad” jacket that the singer wore on his first solo tour is going up for auction in November and could fetch up to $100,000.

Paris auction house ‘would love it’ if Banksy pulls another stunt

PARIS — The first auction house to sell prints by Banksy since THAT auction two weeks ago does not anticipate another stunt like the one that shredded half a picture moments after the hammer fell. But, hey, if something were to happen? Great!

Why would anyone ever pay $558,000 for a bottle of Burgundy?

WHEN A private Asian collector bid an eye-popping $558,000 for a single bottle of 1945 Romanée-Conti at Sotheby’s sale this past Saturday in New York, a world record was smashed. This was not just the highest price ever reached for a 750 ml bottle of Burgundy, but also the highest for any bottle of wine ever at auction.

NYC sale of 172-year-old wine has surprise: It’s still drinkable

IN A chilly wine warehouse in the Bronx two weeks ago, a famous Portuguese wine maker pried ancient corks from five-gallon glass demijohns of 19th century Madeira. Was the wine inside still drinkable? Madeira ages longer than other wines, but 150-plus years?

Rare $1.2-M bottle of Macallan to lead Bonham’s auction

A BOTTLE of rare 60-year-old Macallan could fetch a record price at a Bonhams Edinburgh auction on Wednesday (Thursday in Manila) as buyers show an unslakable thirst for limited-edition scotch whiskies.

Record sale of $65-million Zao painting yields 2,735% return

HONG KONG — An abstract oil painting by Chinese-French master Zao Wou-Ki changed hands for HK$510.4 million ($65.2 million) at Sotheby’s on Sunday, more than 28 times its previous purchase price and setting a new record for any Asian work of art sold at auction.

The homecoming of the Spoliarium’s boceto

WHEN AN exquisite item has served its purpose with an owner, it a privilege of a new owner to enjoy and appreciate its beauty.

MCAD, Leon Gallery team up for fund-raising event

THE College of St. Benilde-School of Design and Art’s Museum of Contemporary Art and Design (MCAD) is partnering with Leon Gallery for an auction-exhibition that aims to raise funds for the museum’s endeavours over the next three years.

Government fully awards Treasury bill offering

THE GOVERNMENT fully awarded P15 billion worth of Treasury bill (T-bills) on Monday, Sept. 3, even as yields grew across the board over expectations...

Government makes full award of three-year Treasury bonds

The government accepted all bids for the reissued three-year Treasury bonds (T-bond) it offered on Wednesday, Aug. 29, as rates went up due to...

PSALM to rebid P886-million Manila thermal plant

Power Sector Assets and Liabilities Management Corp. (PSALM) will rebid a thermal power plant in Manila that it valued at around P886 million after...

Government fully awards T-bills

The government once again decided to fully award the Treasury bills (T-bill) it auctioned off on Monday, Aug. 20, as rates slipped across all...

Government fully awards five-year Treasury bonds worth P15 billion

THE GOVERNMENT fully awarded P15 billion worth of five-year re-issued Treasury bonds (T-bonds) on Tuesday, Aug. 14. The yields climbed to 5.902%, from 5.592% in...

Government fully awards Treasury bills as rates drop

The government made a full award of the Treasury bills (T-bill) it auctioned off on Monday as rates slipped across all tenors. The Bureau of...

Minnelli auction fetches superstar prices

LOS ANGELES — Liza Minnelli’s signature Cabaret bowler hat, boots, and halter top vest fetched $81,250 at a Los Angeles auction, while her hand-annotated shooting script for the 1972 movie sold for $15,000, organizers Profiles in History said on Wednesday.

Government rejects all bids for 20-year Treasury bonds

The government opted to fully reject all bids on the reissued 20-year Treasury bonds (T-bonds) it offered on Tuesday as the market preference is...

Government fully awards Treasury bills at auction

The government decided to fully award the Treasury bills (T-bills) it offered on Monday, July 30, with rates climbing across the board, as investors...

Government fully awards T-bills

The government made a full award of the Treasury bills (T-bill) it auctioned off on Monday, July 23, with rates on the longer tenors...

Government rejects all tenders for reissued seven-year bonds

The government decided to reject all bids on the reissued seven-year Treasury bonds (T-bonds) it offered on Tuesday, July 17, as investors demanded higher...

Government partially awards T-bills at auction

The government decided to partially award the Treasury bills (T-bills) it placed on the auction block on Monday, July 9, with yields climbing in...

Government rejects all tenders for reissued 10-year Treasury bonds

The government decided to reject all bids on the reissued 10-year Treasury bonds (T-bonds) it offered on Tuesday, July 3, as investors demanded higher...

Gov’t plans to raise up to P300B in Q3 debt

THE BUREAU of the Treasury said on Thursday it plans to raise as much as P270 billion from the sale of Treasury bills and bonds next quarter, 17% less than it had programmed for the current quarter.

Treasury bills, bonds likely to fetch higher rates

GOVERNMENT SECURITIES on offer this week will likely fetch higher yields amid likely tepid demand from investors following a fresh interest rate hike by the local central bank.