| Kaminski Fine Art Weekend a Smashing Success
(openPR) - (Beverly, MA) - Kaminski Auction's Spring Fine Art Weekend was an outstanding success. This first time event, held in the ballroom of the Sheraton Colonial Hotel in Wakefield, attracted crowds of enthusiastic collectors who enjoyed a weekend of excitement and entertainment. Kaminski Fine Art Director, John Raimo, offered a collection of paintings and fine prints that generated both enthusiasm and strong prices, with sales totaling $331,500. Day two featured an elegant Fine Arts Salon that developed considerable pre and post-sale interest. This unique combination of tradition and elegance organized by Diane Gage, special events liaison for Kaminski Auctions, concluded the stunning weekend. Several pieces underscored the success of the auction. Of particular note was "Young Woman with Basket of Fruit," by noted French Expressionist painter Jules Pascin.
TFN NEWS BRIEFING: Mergers and acquisitions highlights to 15:50 BST
MIDLAND, Mich. (AP) - Dow Chemical Co. said Thursday it had fired a senior adviser and a company officer over unauthorized discussions with third parties about the possibility of purchasing the company. 2007-04-12 15:44:08 Hungary's MOL bid for Montenegro oil firm Bonus not seen as 'significant' BUDAPEST (Thomson Financial) - Press reports that oil company MOL Nyrt is planning to a buy a stake in state-owned Montengro oil sector company Bonus should not be of significant impact to the Hungarian oil group, dealers said. 2007-04-12 15:37:54 Tchenguiz lifts stake in Sainsbury to 5.07 pct LONDON (Thomson Financial) - Property tycoon Robert Tchenguiz continued to increase his share in J Sainsbury PLC yesterday even as the offer approach from a CVC-led private equity consortium collapsed, a disclosure to the London Stock Exchange revealed.
Rosneft Wins Fifth Auction for Yukos Assets
A subsidiary of Russias state-run oil producer Rosneft has won the fifth auction for smaller assets of the now bankrupt oil company Yukos, the countrys federal property fund said on Wednesday, April 18.
Yukos, once Russias largest private oil company, was declared bankrupt Aug. 1, 2006, after three years of litigation with tax authorities over the companys tax arrears.
Rosnefts subsidiary Neft-Aktiv was declared the auction winner after it offered 1.03 billion rubles (about $40 million) for the lot whose initial price was 992.31 million rubles (about $38.5 million). The other bidders included the companies Akkord and MorTransInvest, the fund said.
The first auction was held on March 27 to sell Yukos 9.44 percent stake in Rosneft. It was won by Rosnefts subsidiary RN-Razvitiye, which offered 197.84 billion rubles for the lot (about $7.6 billion), compared with the lots initial price of slightly over 195.5 billion rubles (about $7.5 billion).
Kinsmen auction raises $12500
Judy Hawthorne isn't shy about using the Kinsmen Auction to expose career opportunities for her 11-year-old son. Hawthorne's $50 bid won the chance to be Brockville fire chief for a day that she'll give to her son Adam. "We were looking for it specifically," said Hawthorne, near the close of the annual event, which raised a total of about $12,500. "We got the police chief of the day last year (for Adam) and we got the fire chief this year." Hawthorne is the type of bidder the Kinsmen love to see at the annual event, which has operated in different formats for 44 years. She comes back every year looking for bargains at the same time supporting the programs of a local service club. "The Kinsmen is a great organization to support.
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