| $40 million in art on the block. Quite a month.
Fourteen big auctions of art works worth more than $40 million will be held in Melbourne and Sydney over the next month – the largest number ever run in Australia in such a short time. Cashed-up collectors and investors have already set new records for paintings this year while a market loaded with money has attracted more auctioneers hoping to generate a profit from pictures. Bonhams, which claims to be one of the largest fine art auction houses in the world, is launching its new Melbourne sale rooms tonight under the Bonhams & Goodman shingle. The Sydney-based firm expects 300 guests from the arts, banking and legal professions, together with dealers and private collectors, will be present when Melbourne Lord Mayor John So opens the new gallery in Malvern Road, Prahran. The sale room starts off a series of auctions it estimates will generate $7 million on Sunday when 185 pieces of jewellery and collectibles go under the hammer, to be followed by a further 311 objects from the Neville Locker collection in Sydney on Sunday week.
Bidding begins for Chrysler
Who do you know wants to buy a car company? DaimlerChrysler AG is, in effect, holding a corporate auction to find a buyer for its U.S.-based Chrysler Group this week, according to The Detroit News. General Motors Corp. has a bid on the table for the Chrysler Group and remains a long-shot candidate to acquire the struggling division, the publication reproted. Although GM's offer, made in late January, was initially rejected by DaimlerChrysler, the bid is still active as other potential buyers prepare to make their own proposals this week. .
Trivia Night and Silent Auction
Join the Capital Region Medical Center's Heart Walk Team on April 27 at Jefferson City's McClung Park for a fun filled evening of trivia and games all to benefit the American Heart Association.
The doors open at 6:30 p.m. with trivia questions scheduled to begin at 7 p.m. A silent auction will be held as well as a live auction for products made in Mid-Missouri. Soda and pretzels will be provided and teams are welcome to bring their own snacks.Tables can be reserved anytime between now and the day of the event. The cost of a table is $100 with a 10 person maximum. To reserve a table please call Holly Kraftor at (573) 645-1829.
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Fayetteville begins bidding process
FAYETTEVILLE - In an early morning meeting on Friday, March 23, the Fayetteville Board of Education voted to approve going to the bid phase in building the new school building.
The new facility will be ready to open in 2009. In this stage of the planning, the estimated cost from the construction manager for tree removal, the relocation of utilities, and to prepare the ground to build, will cost $1,800,000.
As a side note, the Fayetteville Elementary School will not be demolished until the new facilities are open and ready to accommodate students in 2009. The time window to purchase the elementary school to stop it from being demolished, however, is closing soon.
Along with the plans for the new building, the board of education also approved to go to bid for the school's new administration building, which would be just to the east of the school's current boiler room.
WSJ: United Auto Workers considering bidding for Chrysler
News media group Wall Street Journal has reported that the United Auto Workers (UAW) union is now considering putting in a bid for the DaimlerChrysler's Chrysler division in return for cost concessions. Chrysler is struggling in the US market as they face intense competition from Japanese automakers. DaimlerChrysler has said that they are looking for potential offers for this company. The report stated that this proposal was put forward by a small group of workers. They could entail swapping cuts in healthcare benefits and other cost concessions for the stake in Chrysler. Some of the parties said to be interested in acquiring Chrysler are private equity firms Cerberus Capital Management, Blackstone Group and Canadian auto parts maker Magna International Inc.
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