Archive for December, 2005

John Kluge Auction nets $3.2 million

Saturday, December 24th, 2005

Billionaire media mogul John Kluge added another $3.2 million or so to his holdings with the successful sale of the contents of his Albemarle County home at a New York City auction.
Christie’s, the auction house that handled the sale, said this week that the contents of Morven Farm brought in $3,247,782. The 553 items, which […]

Tommy Hilfiger sells to Apax

Saturday, December 24th, 2005

Clothing designer Tommy Hilfiger Corp. agreed to a $1.6 billion buyout by Apax Partners & Co. after sales tumbled and the brand lost favor with teenagers.
Apax, part owner of the Calvin Klein brand and manager of a $5.1 billion buyout fund, will pay $16.80 per share. That’s 5 percent more than Tommy Hilfiger’s closing share […]

Possible! Hitler Gun for US auction

Saturday, December 24th, 2005

A rare German gun that may have belonged to Adolph Hitler allegedly taken as a souvenir 60 years ago when U.S. forces captured one of his secret hideaways _ could fetch thousands of dollars in an online auction next month, organizers said.
No one knows for sure whether Hitler owned the Krieghoff Drilling shotgun/rifle engraved […]

Courtney Love Auctions Off Home

Saturday, December 24th, 2005

Courtney Love is to auction off an historic home she bought eight years ago to pay off her mounting debts.
The 41-year-old rocker, who was married to Nirvana frontman Kurt Cobain, purchased the gabled bungalow for his family in 1997 and now owes about $367,000 (£211,000) including the loan balance and legal fees, to WMC Mortgage […]

Walmart man joins eBay Marketplaces

Friday, December 23rd, 2005

Online auctioneer and e-commerce provider eBay announced on Thursday that Matt Carey had been named chief technology officer and senior vice president for eBay Marketplaces. The appointment is effective February 1, 2006.
Carey will report to John Donahoe, president of eBay Marketplaces. He will be responsible for eBay’s product development, architecture, project management, operations, […]