Thursday 30 October 2014
 
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Auction

Algeria to hold oil and gas auction within weeks

Algeria is preparing a new auction of oil and gas blocks, an official said, after the North African country awarded just four of 31 fields last month in the first attempt to lure foreign investors since 2011.  

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Million reasons to own rare Bentley

An incredibly rare and special 60-year-old Bentley is expected to fetch well over a million dollars at an upcoming auction in the UK. The 1954 Bentley R Type Continental Fastback, one of just three right-hand drive automatic examp

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Top art collection to sell for $85m at auction

A major collection of modern and contemporary art assembled by two of the 20th century's most prominent collectors is expected to fetch more than $85 million when it hits the auction block next month, Sotheby's said. The s

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Algeria awards four of 31 oil, gas fields in auction

Algeria awarded four of 31 oil and gas field blocks on offer to foreign consortiums in its first energy auction since 2011 and nearly two years after a militant attack on the country's Amenas gas plant killed 39 foreign oil contractors.

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Ooredoo’s VIP number auction raises $8m

Qatar telecommunications company Ooredoo held a VIP charity auction for 50 special telephone numbers on Tuesday, which saw the overall figure raised on the night reach QR30.16 million ($8.28 million). VIP guests and customers were

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100-carat yellow diamond nets $16.3m

A 100-carat yellow diamond has sold for 14.5 million Swiss francs ($16.3 million) to a private buyer, the star lot in a Geneva jewellery sale that Sotheby's auction house said fetched 125.5 million francs overall. The "Gr

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Space capsule to be auctioned for up to $2m

A unique piece of aerospace history being auctioned off by a Bahrain-based company could fetch up to $2 million.   The Soviet space capsule, which circled the earth twice in 1977 and 1978, was most recently on di

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Christie's Dubai auction nets $10m

Art enthusiasts in Dubai competed for the 140 art works at Christie's auction, which were sold for a total of $10.6 million (Dh39.1 million), an increase of 65 per cent on last year’s sale.   Christie&r

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Egypt sells 1-year dollar bills, yields fall

The Egyptian government sold $1.1 billion of one-year dollar treasury bills at an auction on Monday, with the average yield dropping to 2.474 per cent, the central bank said. Submitted bids amounted to $1.37 billion. The Ministry

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EMart auction features $51m properties

The Dubai Land Department said its online real estate portal eMart is set to conduct its third auction featuring five high-end commercial and residential properties worth Dh190 million ($51.7 million). Sultan Al Akraf, senior dire

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