Auction theory

An auction of six-month treasury bills was held on Wednesday, amounting to 500 million euros, the Public Debt Management Agency (PDMA) announced.

The yield stood at 2.85%. Total bids of €1.062 billion were submitted, exceeding the asking amount by 2.12 times.

The auction was conducted through primary dealers, and the settlement date is this Friday.

The government is restoring the opportunity for small private investors to take part in an interest-bearing bond auction, ending the scenarios for the issuance of a public bond.

Greece on Wednesday successfully completed an auction of a 25-year bond reopening, with bids exceeding 1.2 billion euros, six times more than the asked sum of 200 million.

A nearly 400-item lot of James Dean-related memorabilia featuring artifacts from the late Hollywood legend, including signed photos, letters and a Warner Bros. contract garnered a sum of more than $260,000.

Banks have entered the market for selling or even renting real estate, disposing of real estate they already own. This disposal is done through websites they have created and on which they upload privately owned properties acquired through auctions, or display properties that are going to be auctioned at the initiative of the bank.

The Public Debt Management Agency announced on Wednesday it auctioned 13-week treasury bills and raised 812.5 million euros, reaching up to €1 billion with the inclusion of non-competitive bids on Thursday.

Bids totaled €1.279 billion and the coverage ration was 2.05.

The uniform yield reached 3.20%, up from 3.04% in the previous such auction on April 5.

NEW YORK - In 2008, Swann Auction Galleries in Manhattan sold three Greek-language manuscripts from the 16th and 17th centuries to an antiquities dealer who returned them two years later after concluding they might have been looted.

The Public Debt Management Agency announced on Wednesday it has successfully auctioned 26-week treasury bills and accepted 812.5 million euros, with a uniform yield of 3.50%, up from 3.15% in the previous such auction on March 29.

The settlement date is this Friday. 

Loan holders in Greece face an uphill fight against a rising number of home-auctions spurred by profit-seeking international funds.

New York's iconic Flatiron Building, famous for its thin, triangular shape, has sold at auction for $190 million following a court order.

The 22-story skyscraper, built in 1902 and often said to resemble a clothes iron, fetched almost four times the opening price of $50 million following a keen bidding war.