Auction

A rare miniature model of a Star Wars X-wing starfighter and Tom Hanks’s volleyball companion Wilson from Cast Away are to go under the hammer in a Los Angeles auction of Hollywood memorabilia.Bids will be invited for more than 1,800 items from well-known films and TV shows next month in a sale that is estimated to bring in more than $9m (£7.1m).The most valuable of these is the screen-matched miniature model ILM Red Leader X-wing starfighter from the 1977 film Star Wars: A New Hope, which is estimated to sell for…

Ken Griffin, Founder and CEO, Citadel (L) and Blue Origin New Shepard rocket lifts off (R)ReutersKen Griffin, billionaire founder and CEO of hedge fund Citadel, placed the winning $8 million bid in an auction Monday for a seat on a spaceflight with Jeff Bezos' Blue Origin.Bezos' company donated two seats on its New Shepard rocket for a "buy one, give one" auction at the nonprofit Robin Hood's annual benefit for New York City, with the second seat going to a city teacher.But Griffin will not launch to space himself,…

College students and their families should keep an eye on the Treasury Department’s government-bond auction this week. It could influence their finances for years to come.The auction, scheduled for Wednesday, will be the main determinant of the interest rate on new federal student loans. Because bond yields have soared this year, that rate is likely to be much higher than the last time these student-loan rates were set a year ago. The higher cost is an example of how a surge in interest rates is hitting every corner of…

More than 70 original NASA photographs including a celebrated image of Buzz Aldrin's moon walk taken by Neil Armstrong were sold at auction in Copenhagen on Wednesday for more than EUR 155,000 (roughly Rs. 1.3 crore).The Aldrin image, which fetched EUR 5,373 (roughly Rs. 4,52,000), shows the astronaut on the surface of the moon in July 1969 during the first manned lunar landing. It was famously used on the cover of LIFE magazine.Armstrong, the first man to step onto the Moon, can be seen in the reflection of Aldrin's…

Brazilian Communications Minister Fábio Faria said on Friday that the government may schedule a new 5G spectrum auction to sell batches that did not attract interest, mainly in the 26GHz frequency.Brazil telecom regulator Anatel concluded an auction on Friday with Faria saying in a news conference that the sale raised a total of BRL 46.79 billion ($8.44 billion or roughly Rs. 62,600 crores) including future capital expenditure commitments, making it the largest auction of telecom assets to date in Latin America.Telecom…

The government is likely to hold 5G spectrum auction in early June, telecom minister Ashwini Vaishnaw said on Thursday.The minister said that the Department of Telecom is working as per expected timeline and the process is on to resolve industry concerns around spectrum pricing.Asked about the schedule of the spectrum auction, Vaishnaw said that it is expected to be in early June.Setting the stage for the rollout of 5G services, telecom regulator TRAI has mooted a mega auction plan valued at over Rs. 7.5 lakh crore at the…

The long-awaited 5G spectrum auction is expected to be held in May this year if the Telecom Regulatory Authority of India (TRAI) submits by March its recommendations on the rules regarding the sale process, according to a senior official of the telecom department.Telecom Minister Ashwini Vaishnaw earlier this month said the TRAI has informed that it will submit its recommendations for the 5G auction by March and the Department of Telecommunications (DoT) is simultaneously firming up other processes to hold the auction at…

Airtel 5G services will be rolled out soon after the government concludes spectrum auction, an executive said in an interview on the sidelines of a physical event on Thursday where the telco demonstrated its next-generation network. The New Delhi-based telecom operator is on a move to take on Reliance Jio — the largest telco in the country — by setting up the stage for its 5G rollouts. It conducted a demonstration of the Airtel 5G network at its Network Experience Centre in Manesar, Gurugram, by showcasing an immersive…

The auction of 5G spectrum will be held on schedule and within the stipulated timeline, Minister of Communications Ashwini Vaishnaw said on Monday.His affirmation comes at a time when telecom regulator TRAI's 5G recommendations on spectrum pricing and other nuances, which were widely expected to come by March-end, have spilled over by a few days to early April.Asked if 5G auction will be held as per schedule, Vaishnaw said, "absolutely".He was speaking to reporters on the sidelines of an event - 2nd national conference on…