| $10m TestaRossa headlines upcoming auction of rare Ferraris
For those who like their meat rare and red, news has come of the most scrumptious slab of automotive prime rib. At its upcoming event in Maranello, RM Auctions will be putting up on the block one of the rarest and most valuable Ferraris in existence: the one-of-a-kind 1962 Ferrari 330 TRI/LM Testa Rossa. The car that Phill Hill and Olivier Gendebien drove to victory at Le Mans in '62 has an estimated value between $8-10 million. Not only was it the last Testa Rossa ever built, but it was the only one to feature a 4-liter engine. As if the pedigree were not enough, Hill and Gendebien chalked up their third Le Mans win with this car . Canada-based RM Auctions is collaborating with Sothebys and Ferrari to hold the "Leggenda e Passione" auction at the Ferrari headquarters in Maranello outside Modena, Italy, on May 20.
Tranzon to Auction off Five Luxury Condos in Downtown Boston
BOSTON--(BUSINESS WIRE)--Tranzon Auction Properties, the nation's premier real estate auction group, will hold a public condominium closeout auction at the Langham Hotel for five units located at 65 Broad St. in Boston on Tuesday, April 17, at 6:30 p.m. At this unique auction event, prospective buyers can make bids both in-person and online with the first unit sold as a bidder's choice with no minimum bid and no reserve. Unlike the increasing number of real estate foreclosure auctions, these high-end, one-bedroom condo units—known as Lofts at Broad—must be immediately sold by developer Steve Sarcia in order to obtain capital for an important upcoming real estate project. "I have a new project in town that I have to start so timing is of the essence," said Sarcia.
Burlco eyes Web auctions
Burlington County plans to join other local governments in auctioning government surplus items on the Web. The Burlington County Freeholders authorized its treasurer's office to sign an agreement with GovDeals Inc., which operates an Internet auction site called www.govdeals.com. The freeholders said they will sell vehicles and office equipment to the public online to make more money, save time and attract more bidders. Sharon Brauckmann, county purchasing agent, said the auction would be held later this year and not until the state Department of Community Affairs gives its approval. She said the state must approve a county application to waive the normal local public auction using an auctioneer. Kurt Brock, the county's chief financial officer, said the state is approving Internet auctions of government property only on eBay and GovDeals.
ABN Amro Is `Disingenuous' on Bidding Talks, TCI Says (Correct)
April 18 (Bloomberg) -- ABN Amro Holding NV's refusal to meet with rival bidders to Barclays Plc before next week is ``disingenuous and disadvantageous for shareholders,'' according to London-based TCI Fund Management LLP. ABN Amro yesterday extended exclusive takeover talks with London-based Barclays for the next three days. The biggest Dutch bank said it will meet with Royal Bank of Scotland Group Plc, Santander Central Hispano SA and Fortis ``early next week.'' TCI is urging shareholders to pressure ABN Amro's board at the annual meeting on April 26 to split up the bank. Investors will have to decide whether ABN Amro should become a unit of Britain's third-biggest bank, or be divided between the Scottish, Spanish and Belgian-Dutch companies. ABN Amro shares have risen 33 percent in the past month, valuing the Amsterdam- based company at 69.2 billion euros ($94.1 billion).
Bidding farewell to `consumer disputes'
HYDERABAD: A Judge of the International Tribunal for the Law of Sea, Hamburg-based Justice P.C. Rao here on Monday said despite effective laws, the consumer movement in India was yet to find its roots. Speaking at a farewell function in honour of Justice I. Venkatanarayana, president, Andhra Pradesh State Consumer Disputes Redressal Commission, he said a lot needed to be done. The Consumer Protection Act and the law dealing with human rights, of which he himself was the draftsman, should be implemented properly, he said. Efficient methods Mr. Justice Venkatanarayana is particularly known for his pace of work, his being pro-active stance towards development and his participatory approach in handling `juniors'. Speakers including M. Shreesha, incharge president of the commission, president of the commission's Bar Association V.S.
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