Tag - Auction
Former Apple manufacturing partner and sapphire crystal furnace manufacturer GT Advanced Technologies may soon be able to emerge from bankruptcy, following the filing of a new plan with the court that would see $60 million in new debt and $20 million in preferred stock put up by lenders early next year -- however, the plan does not include any compensation for shareholders or other investors. Under the proposal, ownership of the company would be transferred to creditors, which may still include Apple.
A painting by Andy Warhol based on an early Macintosh ad from 1985 will go on auction at Sotheby's in New York City in just over a week, with an opening minimum of $280,000 and an expected estimate of between $400,000 and $600,000 for a final purchase price. Warhol, who once met Steve Jobs (and received a brief tutorial on how to draw on the original Macintosh) when the Apple co-founder was installing a machine at John Lennon's house, painted the six-color Apple logo as part of the illustration.
Bonhams in New York City will auction another rare, fully-working Apple I computer said to be in "fantastic" condition in October, said to be one of the first 50 hand-constructed by Steve Wozniak and one of only six or seven units known to still be functioning. A number of the few remaining working units have been turned over at auction in recent years: Bonhams is expecting to fetch $500,000 or more for this latest unit, but others have sold for much more.
Apple plans to open at least three new stores in time for the retail debut of the Apple Watch -- though it is unclear if any of the stores will actually have Watches to sell, as the company has switched to an online pre-order system only ahead of the debut date. The stores will open in Hangzhou, China; Miami Beach, Florida; and Sao Paolo, Brazil. The latter two have already been officially announced for April 24 by Apple. Of these, Brazil is the only new store not to be part of the first wave of countries receiving the Apple Watch.
For the third year running, there is an opportunity for a winning bidder to have lunch with Apple CEO Tim Cook, thanks to a Charitybuzz online auction. The lunch data and a pair of VIP tickets to one of Apple's future keynote events are on auction to raise money for Cook's preferred charity, the Robert F. Kennedy Center for Justice and Human Rights. Last year, a similar auction raised $330,000 for the center. Current bidding, with 21 days to go, is $37,500.
Ian Rogers, who was previously the CEO of Beats Music and is still running the service now that it's at Apple, is auctioning a private lunch date in either Los Angeles or Cupertino as part of a charity fundraiser for The Pablove Foundation, a pediatric cancer research nonprofit. The auction, which is being run through Charitybuzz.com, estimates the value of the lunch at $3,000 but is of course hoping to raise much more.
The Federal Communications Commission (FCC) announced that it is delaying the upcoming 2015 incentive spectrum auction until at least early 2016. In a post from Gary Epstein, the chair of the FCC's Incentive Task Force, he said that recent court filings by broadcasters are causing the agency to push back the auction for spectrum previously assigned to television broadcasts.
The National Association of Broadcasters (NAB) has filed a petition with the United States Court of Appeals for the District of Columbia Circuit, seeking a review of the Federal Communications Commission's (FCC) 2015 spectrum auction. In the filing, the NAB states that the FCC isn't taking the proper precautions to protect broadcasters that choose to retain their spectrum. According to the NAB, an updated methodology the FCC is using will result in a loss of coverage area for remaining broadcasters.
A US District Court judge in Washington state issued a restraining order yesterday, placing a temporarily restriction on the bitcoins.com domain from being auctioned off. Yesterday, Tibanne KK, the company owned by former Mt. Gox CEO Mark Karpeles, was ordered to account for and hold all assets. The order stems from a legal issue between CoinLab and Mt. Gox dating back to 2013.
Apple is known for making history by inventing the future, but even its designer could not have predicted a new record shattered on Saturday as a special one-off red version of the new Mac Pro (which is not officially available for sale yet) was sold at a charity fundraising auction for $977,000 -- an all-time record for the priciest personal computer ever made or sold. A couple of other items also designed by Sir Jonathan Ive of Apple and designer Marc Newson also fetched record sums.