Auctions

A masterpiece by a late Ottoman master was sold at auction on Sept. 28 in London for over 6.3 million pounds (almost $7.4 million).

A long-lost painting by a 13th century Italian master discovered in the kitchen of an elderly French woman has been valued at up to six million euros and will be sold at auction next month.

The state will put 31 properties owned by debtors up for auction immediately after the process for the settlement of debts to the tax authorities in up to 120 tranches is completed.

These asset auctions have been scheduled for the period from October 23 to December 20, but could be canceled if the debtors concerned apply to join the 120-installment repayment program by September 30.

Now that it appears the power auctions (NOME) will be abolished, private electricity providers are waiting to hear what the government plans to introduce instead, amid uncertainty in the market.

Bidding for the sale of two property portfolios owned by Eurobank is expected to be completed early next week, at the latest. 

The Metropolitan Municipality has announced an order for the supply and installation of household chimney filters that use wood and coal for heating. The estimated budget is BGN 7.92 million with VAT. The plan is to initially buy up to 1000 pieces, and subsequently, possibly more.

Greece sold 813 million euros ($906.17 million) of six-month treasury bills to refinance a maturing issue, the country's debt agency PDMA said on Wednesday.

The debt agency sold the new paper at a yield of 0.15 percent, down 8 basis point from 0.23 percent in a previous sale in July. The amount raised included 187.5 million euros in non-competitive bids.

A mystery foreign buyer has snapped up a painting by Italian master Caravaggio that was discovered five years ago in a French attic before it could be sold at auction, the auction house said on June 25.

An original drawing used for the first published "Tintin" cover was sold at auction on June 8 in Dallas for $1.12 million, the Heritage Auctions house said.

Some of the best examples of artwork from the Islamic world, including a portrait of the great Ottoman Sultan Süleyman the Magnificent, will go under the hammer at Britain's famous auction house Sotheby's on May 1.
The collection titled "Arts of the Islamic World" has 311 pieces that will find new owners in the auction to be held on May 1.