Marsh & McLennan has agreed to sell Putnam for $3.9bn (€2.9bn) to Power Corp of Canada as part of chief executive offier Michael Cherkasky’s effort to retool after a share trading scandal.
The price to be paid by Montreal-based holding company Power Corp of Canada is at the higher end of most estimates and could be […]

The city of Chicago has auctioned 50 taxi medallions.
The average price paid for the medallions was a record 78-thousand-509 dollars. The highest bid was 81-thousand-and-two dollars, while the lowest was 60-thousand dollars.
The highest price paid at auction just two years ago was 47-thousand-500 dollars.
Chicago’s Department of Consumer Services received 204 bids total for the month-long, […]

Heritage Auction Galleries is having a rare coin auction next week, January 3 to 6, 2007 in Dallas, Texas. This auction is expected to break the previous world’s record for a coin auction of $61 million that was set by the firm in January 2005. Buoyed by the continuing strength of the rare coin bull […]

Increasingly-savvy sellers are turning to alternative sites and saving money on auction fees.
When using eBay, a seller must pay a listing fee to get an item posted. A final value fee of up to 5.25% is also charged if an item sells. EBay listing fees depend upon the starting price of the item being sold. […]

Gold coins found in a sunken ship off Key West more than 20 years ago are going up for sale.
Treasure hunter Mel Fisher made headlines in 1985 when he found the wreckage of a Spanish galleon that sunk in 1622 off Key West. The ship’s cargo of gold, silver and precious gems was worth an […]