Auction

With property sales prices up 60% in the past six years and rents skyrocketing, auctions seem to be the only way for a household to avoid the complications of the housing crisis.

There was considerable investor interest during an auction for reopening a 10-year Greek government bond held on Wednesday.

The Greek state was asking for 200 million euros and the offers submitted amounted to €727 million, with a coverage ratio of 3.64. The bonds reach maturity on June 15, 2034, with an interest rate of 3.375%.

The world's oldest book in a private collection, and one of the earliest books in existence, sold at auction in London on June 11 for more than £3 million.

The Crosby-Schoyen Codex was previously owned by the Norwegian businessman and rare book collector Martin Schoyen, and contains the earliest complete copies of two texts from the Bible, the book of Jonah and Peter's first epistle.

Strong investment interest was recorded on Wednesday in the reopening of the 10-year Greek government bond.

According to the Public Debt Management Agency (PDMA), the bids exceeded the auction amount, which was up to 250 million euros, by approximately 3.5 times, reaching €835 million. The yield of the bond was 3.51%.

Nestled in the Göydün village in the Central Anatolian city of Sivas, a 19th-century historic church is slated for auction, attracting many suitors, including famous artists.

Sur Garabet church, also known as Tuzhisar church, has long been a focal point for local residents, serving diverse purposes over the years.

The Public Debt Management Agency announced last Friday that it will auction 13-week treasury bills in book entry form, to the amount of 625 million euros. 

The issue, which will take place on Tuesday, matures on August 2. 

The settlement date will be on Thursday.

Cypriot citizens now have access to and can invest in bonds issued by the Republic of Cyprus. In a recent auction by the Public Debt Management Office, which caters to the monthly bond requirements, Athlos Capital's innovative investment platform Sophic secured approximately 6 million euros, representing about 25% of the €25 million auctioned for 13-week treasury bills.

The Trade Ministry has put three pairs of Michael Jordan autographed sneakers up for sale, priced at 5 million Turkish Liras ($153,783).

The items, boasting the signature of the former NBA superstar, were abandoned at customs due to incomplete procedures aligning with existing legislation.

Yayoi Kusama, the Japanese artist famed for her kaleidoscopic paintings and installations, made $80.9 million at auction last year, beating out David Hockney for the spot of top-selling contemporary artist of 2023. Per the latest Hiscox Artist Top 100 report, Hockney, who snagged the top title in 2022, earned $50.3 million in sales this past year.

BELGRADE - The Serbian Public Debt Administration has announced it had sold three-year euro government bonds at an auction for 66.2 mln euros.

In a statement, the Administration said an issue of three-year government bonds first issued on January 25, 2024 and maturing on January 29, 2027, had been reopened on Tuesday.