The department store is
auctioning off the remaining inventory.
百货公司在拍卖剩余库存品.
Trading was very light ahead of yesterday's
auction.
昨天的拍卖之前交易很少。
The painting is expected to fetch $10 000 at
auction.
这幅画预计拍卖可得10 000 元。
He put his possessions up for
auction.
他把他的财产拿出来拍卖。
Sotheby's, a New York-based auction house, said it believes in the long run that China will remain the core market in Asia, and it will invest more in digital promotions and events to further boost its brand awareness online among the broader Chinese-speaking community.
总部位于纽约的苏富比拍卖行表示，它相信从长远来看，中国仍将是亚洲的核心市场，并将在数字促销和活动上投入更多资金，以进一步提高其在更广泛的中文社区中的在线品牌知名度。
Meanwhile, since last year, the auction house has been livestreaming its global auction sessions on WeChat, Weibo and several other Chinese digital media outlets.
与此同时，自去年以来，这家拍卖行一直在微信、微博和其他几家中国数字媒体上直播其全球拍卖会。
China's modern masters have always been key players in the auction market.
中国现代大师一直是拍卖市场的关键参与者。
Chinese artist Wu Guanzhong's Plum Blossoms grabbed HK$103.9 million ($13.2 million) in Sotheby's Hong Kong auction in April, standing as one of the top prices realized in the company's spring sales series.
今年4月，中国艺术家吴冠中的《梅花》在香港苏富比拍卖会上以1.039亿港元（1320万美元）成交，成为该公司春季拍卖系列中成交价最高的作品之一。
In an open letter, Sun, founder of Tron and CEO of BitTorrent, noted that all the auction proceeds will go to the Open Earth Foundation, the climate accounting and technology project spun out of Yale University, to combat the existential risk of climate change.
The move is part of broader effort of CarbonDrop, a three-day auction of NFT artworks which raised a total of $6,662,054 from eight artists.
"This auction is completely nonprofit-making.
According to Bloomberg NEF, an industry information provider, the outlook for the solar industry for the third quarter for many countries is optimistic again as many governments have resumed their plans to auction solar plants.
Strong build in the second quarter, a good auction, subsidy-free pipelines and a shift away from province-wide to localized shutdowns to halt COVID-19 outbreaks are all reasons to count out the low scenario, it said.
As the company's Chief Financial Officer Ernst Teunissen explained, hotel click-based auction trends have to some extent dampened its 2019 outlook.
The Chinese entrepreneur won the auction for this year's Buffett lunch with a record high $4.57 million bid in June, while he canceled the planned lunch meeting, claiming he had "a sudden kidney stone attack" in a Tuesday post on Weibo.
Sun Yuchen, founder of Tron and CEO of BitTorrent, won the auction for this year's Buffett lunch with a $4,567,888 bid, a record high since the lunch was launched 20 years ago.
"Sun won the bid via a five-day online auction on eBay and the money will be donated to the Glide Foundation, which is located in San Francisco's Tenderloin district and serves the poor, homeless and those battling substance abuse.
NEW YORK — The New York auction house Sotheby's is being sold to French Israeli businessman Patrick Drahi for almost $4 billion.
In a filing to the Shanghai Stock Exchange, Yili said it will use its own funds to buy back about 151.95 million to 303.91 million of its yuan-denominated shares through call auction trading at a price of no more than 35 yuan per share in Shanghai.
CNOOC sold access to its Yuedong liquefied natural gas terminal to State-owned Zhenhua Oil and private logistics firm Longkou Shengtong Energy in September through an auction on the Shanghai Petroleum and Gas Exchange, the first auction of this kind against the backdrop that China is pushing forward the liberalization of its vast oil and gas market.
Edgar Patino, director of Peru's National Port Authority, said he was unaware of any proposal by CREC to build a new port in Ilo and that a potential expansion at the current port would be awarded to a company through a public auction.
April's auction was the fifth in Iraq since the country opened its oil and gas sector for foreign investment in 2009.
As many as 413 companies participated in the call auction, with the transaction price coming to 440 yuan ($70) per barrel Monday morning.
Starting as a trading company, Poly has developed into a conglomerate with businesses ranging from real estate to culture and art, with its Poly auction house ranking as the world's third largest by sales.
China United Network Communications Group Co Ltd, the country's second-largest telecom carrier by subscribers, has teamed up with Alibaba Group Holding Ltd to sell its assets on the latter's online auction platform.
The move makes China Unicom the first central State-owned enterprise to auction assets on an internet platform, as part of the Beijing-based company's broader push to deepen its mixed-ownership reform.
Fu Liang, an independent analyst who has been following the telecom sector for more than 15 years, said China Unicom's move might encourage other SOEs to auction off their assets online, which is also an effective way to rein in corruption.
China Unicom, the country’s second-largest mobile carrier by subscribers, teamed up with Alibaba Group Holding Ltd on Wednesday to sell its non-performing assets on the latter’s online auction platform.
The move makes China Unicom the first central State-owned enterprise to auction assets on internet platforms.
A third Boeing 747 freighter was finally sold on Taobao, Alibaba's e-commerce platform, on Friday after it failed to find a buyer in a previous auction.
"We had no idea who the buyer was before the deal, and the whole auction process was completed online," said Long Guangwei, deputy head of Shenzhen People's Intermediate Court, which supervised the auction.
In addition to planes, other special auction items including villas and cargo vessels have been sold to overseas buyers via e-commerce platforms in recent years.
"There are increasing numbers of auctions completed on e-commerce platforms, which are attracting more and more overseas buyers," said Lu Weixing, manager of the auction department of Alibaba.
A second auction will be held on Taobao, Alibaba's e-commerce platform, on Thursday, for the third of three Boeing 747 freighters, after it was not sold with the other two planes during a previous auction.
The third plane failed to find a buyer during the auction on Nov. 21, Alibaba said Wednesday, adding that the opening bid will start at 98 million yuan ($14.8 million), compared with 122.6 million yuan during the previous auction.
The Shenzhen Intermediate People's Court in south China's Guangdong Province confirmed that two buyers will enter the bidding in the second online judicial auction on Thursday.
Altogether three Boeing 747 planes went up for auction on Nov 21.
According to Yue Yanni with the Shenzhen court, this is the first time aircraft have been offered in a Taobao judicial auction in China.
The three aircraft had been put up for auction offline six times since October 2015, but they failed to find buyers.
More than 103 Chinese courts have put up items for auction on Taobao this year, with over 600 deals totaling 6 billion yuan, said Chen Huiming, vice-general manager of Alibaba's auction business.
Chen said the third Boeing 747 plane would be put up for auction again in late December.
Three Boeing 747 aircraft went up for auction on Monday.
One of the auction attempts failed because only one buyer registered to bid, the court said.
The three Boeing freighters had been put up for auction offline six times since October 2015, but failed to find buyers.
"This successful auction of the Boeing 747s sets a good example for judicial auctions of aircraft in China in the future.
It is the first time Boeing cargo aircraft have been the subject to a Taobao judicial auction.
The two sides said they would introduce a wide range of special auction activities for non-performing assets disposition and will also develop and design more relevant internet products in the future.
According to the official figures, from Jan 1 to Sept 27 this year, the transactions of bad assets auctioned on Alibaba's online auction marketplace grew by 500 percent year-on-year.
"Alibaba's advanced technologies, big user base and its leading role as the world's largest online auction platform will help us move forward in the asset management business," Shen said.
Since 2015, Alibaba has worked with dozens of financial institutions to auction off non-performing loans, including over 200 banks and more than 20 regional asset management companies.
The platform provides services for courts, customs, auction companies and equity exchange institutions.
"Emerging online auction platforms such as Alibaba's Taobao will help decrease the information asymmetry and improve the interaction efficiency," Qiu said.
"However, the online auction platforms should not only provide technical support and trading services but also introduce more professional organizations for the disposal of bad assets to avoid legal risks. "
It is the first time Boeing cargo aircraft have been the subject of a Taobao judicial auction.
The auction will open on November 20, with a starting price ranging from 123 million to 135 million yuan ($20 million) each.
The three Boeing freighters have been put up for auction offline six times since October 2015 but failed to find buyers.
[Photo /Xinhua]The auction of McDonald's next 20-year franchise rights in China was officially completed on July 31, Chinese state-owned CITIC Group announced on Friday.
The auction, announced in March 2016, was part of its worldwide strategy to revive growth.
The auction also attracted Chinese bidders like hotel chain operator GreenTree Inn, China National Chemical Corp. , China Cinda Asset Management Corp and Beijing Capital Tourism Co.
China's biggest memory-foam manufacturer Mlily and rival mattress maker King Koil China are set to go head-to-head in the auction for one of the United Kingdom's biggest bed retailers, Dreams, with bids expected in the range of 400 million pounds ($517 million), according to media reports.
Dreams' owner－London-based Sun European Partners, the European advisor to US-based private equity firm Sun Capital Partners－put the mattress company up for sale earlier this year and appointed investment bank Rothschild to run the auction.
Koons' sculptures depicting everyday objects have had global impact, setting multiple auction records.
The indices stand as a biannual reference guide that determines the changing dynamics of the Chinese art market by measuring repeat auction sales.
The study is based on auction records from major auction houses Sotheby's, Christie's, and Phillips in Beijing, Shanghai, Singapore, Paris, London and New York, and it used data from the websites of the three major auction houses and artprice.
The study has analyzed a total of 327 artworks by Chinese artists from the Greater China region and overseas that have been repeatedly put up for auction from 1988 to 2022 and saw an average sale rate of 85 percent.
It was also China's first blue carbon credit auction.
Zhejiang Yiduan Precision Machinery, which won the auction, said the blue carbon credits will be used to offset the company's carbon emissions.
Though blue carbon trading is still nascent, the auction has attracted public attention to blue carbon ecosystems and will serve as a model for coastal cities across the country.
Besides, small and medium-sized private companies that jointly participate in the bidding and auction of industrial land are allowed to divide the land according to regulations.
To curb carbon emissions, many Chinese cities, including Shenzhen, require residents to get a license plate via lottery or public auction before buying a car.
Sotheby's, the renowned New York-based auction house, has returned to the expo with a space five times larger than its debut last year.
Another leading player in the global art trade and auction, Christie's will present at the CIIE a carefully selected collection of eight artworks, created in a time span from the early 1900s to the cutting-edge contemporary era.
Domestic and international industry leaders, including multinational auction house Sotheby's, China Literature Ltd and Japanese video game publisher Bandai Namco, signed the agreements on Wednesday.
Data showed the world's major auction companies, high-end consumer goods companies, food dealers, automakers, industrial electric enterprises, medical equipment enterprises and cosmetic enterprises will debut large numbers of products, Sun added.
"In this zone which spans about 1,000 square meters, visitors will see art pieces from famous galleries and auction houses like Christie's and Sotheby's from countries like the United Kingdom, Germany and Italy," he said.
Apart from the consumer goods sector, new faces will be found in the trade in services part at this year's exhibition, including the celebrated auction house Sotheby's.
Shen Feilin, vice-chairperson of the New York-headquartered auction house known for its focus on fine and decorative art, jewelry and collectibles, said favorable tax policies are helping them to make the first presence at the CIIE.
Under such a policy, five ancient Chinese paintings returned to China via other auction houses during the third CIIE by enjoying nearly 300,000 yuan ($46,510) in tax cuts.
More than 200 nonferrous metal processing and manufacturing companies participated in the July 5 auction, with sale prices about 3 percent to 9 percent lower than the market prices on that day, the NDRC said.
More than 200 nonferrous metal processing and manufacturing companies participated in the auction, and transaction prices were about 3 percent to 9 percent lower than the market prices on that day, Wan said.
Registration requirements for commercial activities regarding technology imports and exports, and licenses for setting up auction firms have been canceled.
"There are a lot of countries continuing to auction new renewable projects, continued support on renewables, which created in 2020 a big backlog of pipeline that is financed already and which will be commissioned in 2021," he said.
Game publishers will be prohibited from promoting or allowing high-priced transactions of virtual gaming items through speculation and auction, it said.
In addition to the Dounan flower market, people have the option to purchase flowers at the Kunming International Flora Auction Trading Center, which stands as one of China's oldest and largest flower auction and trading hubs.
"The trading hall has 12 bells and a massive screen displaying pertinent details such as the flower's name, grade, maturity, defects and supply source during the auction.
As the auction center closed at 8 pm, the wholesale night market in the Dounan Flower Market came to life.
The benchmark LBMA (London Bullion Market Association) pm auction gold price averaged $1,976 per ounce during the second quarter, a record high, according to the WGC.
The recovering market confidence this year has also contributed to the fresh-cut flowers sales surge, said Li Qian, an auctioneer at the Kunming International Flora Auction Trading Center.
Third, appropriate adjustments should be made to those stringent provisions in current land auction rules to increase land supply and reactivate the land market.
May 15 and 16 served as the peak period of flower preparation for May 20," said Wang Shouhai, manager of the auction department at Kunming Dounan Agricultural Products Auction Co Ltd, a company located in Southwest China's Yunnan province.
Trade can be conducted both onsite and via electronic auction services, and consumers can buy flowers through e-commerce platforms.
Trade can be conducted both onsite and via electronic auction services.
China Origin Inspection Co Ltd (COIC), a major luxury identification agency in China, now provides services to thousands of enterprises, such as video-sharing apps Douyin and Kuaishou, the auction unit of Alibaba Group, and are tapping the increasing number of secondhand retailers that emerged in the country in recent years.
Shanghai, Beijing and other megacities adopted their land auction systems from Hong Kong, which in turn learned it from the United Kingdom.
The Kunming International Flora Auction Trading Center has traded over 80 million stems of fresh cut flowers since Aug 3, when the region's major flower auction market started to prepare for Qixi, compared with over 40 million in the same period last year, said Ni Wentao, deputy head of the center's auction branch.
Just recently he has launched the historic first Non Fungible Token (NFT) auction of a luxury watch together with Swiss cybersecurity company WISeKey.
It also allows foreign auction companies to sell artworks created before 1949 by foreign artists who died after 1949.
- A total of 4.59 million stems of flowers were transacted Monday via the electronic auction services of the Kunming Dounan Flower Market, Asia's largest fresh cut flower trading market, up 7.2 percent from Sunday.
The data were provided by the Kunming International Flora Auction Trading Center and the Dounan Flower Electronic Trade Center.
Meanwhile, Zhonghong Building, an unfinished commercial tower in Chaoyang district, was sold through an online auction to China Orient Asset for 3.3 billion yuan, the report said.
A total of 2.77 million stems of flowers were transacted Tuesday via the electronic auction services of the Kunming Dounan Flower Market, Asia's largest fresh cut flower trading market, down 2.8 percent from Monday.
Commercial and circulation businesses are mainly formed by firms in the wholesale, retail, hotel, catering, housekeeping, home appliance repair, goods distribution, auction and beauty industries.
The auction transaction volume was 431,500 yuan, which was merely 4.78 percent compared to the same period in 2019.
According to the epidemic leadership and command department in Chenggong district of Kunming in Yunnan province, starting Feb 10, Kunming International Flora Auction Trading Center and the phase-one industrial park of Kunming Dounan Flower Industrial Park Development Co Ltd will resume electronic auctions.