Christie’s watch auction to feature luxury timepieces with Mideast links

DUBAI: Set to open to bidders on Oct. 15, Christie’s upcoming online watch sale “The Dubai Edit” features a host to luxury timepieces with historical links to the Middle East.

Some of the timepieces up for auction were made specifically for collectors from the UAE, Saudi Arabia, Oman, Bahrain, Kuwait and Jordan.

Remy Julia, Head of Watches at Christie’s Middle East, commented: “The regional and global demand for rare and limited-edition watches remains robust, and we have sought a range of pieces that have specific relevance to Middle East collectors for this online sale. The MENA region is one of our fastest-growing markets globally, and we anticipate a strong outcome from emerging as well as established collectors.”

Set to run from Oct. 15-29, the watch sale includes a rare Rolex Gold Day-Date, reference 18038, with a blue dial embellished with a red khanjar, made for a collector in the Sultanate

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Christie’s online watch auction to sell timepieces with links to Middle East

Christie’s Important Watches auctions have been replaced with digital events in New York, Geneva and now Dubai. Watches Online: The Dubai Edit will offer virtual viewings and online bidding opportunities between October 15 and 29. For those who prefer to see the timepieces in person, appointment-only slots are available to book until Wednesday, October 14, at Christie’s Dubai’s offices in Dubai International Financial Centre. Viewings will take place between 10am and 8pm.

With 161 lots on offer, and a combined estimate of $5 million, the sale is billed by Christie’s as “the most valuable online watch sale ever”, which is probably an accurate statement, given the enduring strength of the horology market in the GCC.

Lot 155. A steel Submariner Milsub Rolex, c. 1977, made for the British Royal Navy. Courtesy Christies.
Lot 155: A steel Submariner Milsub Rolex, circa 1977, made for the British Royal Navy. Courtesy Christie’s

The watches will appeal to the first-time bidder as well as the dedicated auction-goer. For the serious collector,

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Poinsett Auction & Realty to auction Contents of The American Legion Post 214 Military Museum

GREENVILLE, S.C., Oct. 10, 2020 /PRNewswire-PRWeb/ — The American Legion Post 214 Cecil D. Buchanan Museum of Military History has decided to close their doors and have graciously asked Poinsett Auctions to auction off the vast history that lies within these walls, with the proceeds going to the original owners.

“I hate to see this place go but at the same time, it has given us the opportunity to spread some of the greatest pieces of military history to collectors all around the world who appreciate these relics of war. Some of these items will consist of several firearms ranging from the Civil war era all the way up to the Cold War, Japanese Swords, Flags, Helmets, Uniforms, and, not to mention, an original German MG34 with Tripod!” said RJ Crowder.

This auction will be held on October 24th, 2020 @ 4pm EST at 57 Smith Tractor Rd, Travelers

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Around Town: 13th Butterflies Flight auction goes virtual, raises $100,000 for D-11 and Rotary | Lifestyle

The 13th year for the Rotary Club of Colorado Springs’ highly anticipated auction of large art butterflies and dragonflies would have been a Western-themed evening of “Butterflies and Boots” at the Boot Barn.

Then COVID-19 crowd restrictions put its spurs in it.

Instead, the club persevered in an all-new, 2020 way, concluding the fundraiser virtually without a traditional formal gala. It was a success, netting more than $100,000 for School District 11 art and STEM programs and Rotary service projects.

The large juried-artist metal butterflies and dragonflies had been introduced in a socially distanced Grand Reveal on the lawn of the Pioneers Museum where they remained, often serving as photo props, during September.

The 38 desk-top petite butterflies could be seen in the wide, sunny windows at Lawrence Dryhurst Gallery, 122 E. Kiowa St., and on the auction site. Silent bidding ran throughout much of September.

On Sept. 26, art

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Auction of Coast Guard housing site in Concord to start at $15M

CONCORD — A 59-acre U.S. Coast Guard parcel that officials once hoped the city could buy and develop will instead go on the auction block next week for a starting price of $15 million.



a sign in front of a tree: Dan Rosenstrauch/staff archives  A 59-acre U.S. Coast Guard parcel consisting of two developments — Victory Village, above, and Quinault Village — that Concord officials once hoped the city could buy and develop instead is going on the auction block for a starting price of $15 million. The property about a mile from the North Concord BART station was transferred from the U.S. Navy to the Coast Guard in 2007 and had been used to house military personnel. It includes 40 duplex buildings built in the 1960s and 42 apartment-style buildings built in 1989.


© Provided by Mercury News
Dan Rosenstrauch/staff archives A 59-acre U.S. Coast Guard parcel consisting of two developments — Victory Village, above, and Quinault Village — that Concord officials once hoped the city could buy and develop instead is going on the auction block for a starting price of $15 million. The property about a mile from the North Concord BART station was transferred from the U.S. Navy to the Coast Guard in 2007 and had been used to house military personnel. It includes 40 duplex buildings built in the 1960s and 42 apartment-style buildings built in 1989.


The property, about a mile from the North Concord BART station, was transferred from the U.S. Navy to

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Rare 1794 silver dollar goes unsold at auction in Las Vegas | National News

LAS VEGAS (AP) — A 1794 silver dollar believed to be among the first ever minted in the U.S., and the most valuable, went unsold during a public auction in Las Vegas.

Legend Auctions chief executive Matthew Bell said offers for the coin dubbed the Flowing Hair Silver Dollar didn’t reach a minimum bid and Las Vegas resident Bruce Morelan retained ownership.

Morelan sold 12 rare coins during the Thursday event at the Bellagio resort, reaping almost $4 million.

Coin collecting experts had thought the Flowing Hair coin could sell for more than the $10 million Morelan spent to buy it in 2013.

The coin features images of Lady Liberty ringed with stars on the front and an eagle on the back. A different Lady Liberty image was adopted for silver dollars beginning in 1795.

Experts say the coin is one of perhaps 300 original silver dollars that still exist

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Cellphone Carriers Lobby Against Pentagon Plan for National 5G Network

Two federal agencies are moving forward with conflicting plans to commercialize a valuable chunk of wireless spectrum controlled by the Defense Department, leaving the future of an asset worth tens of billions of dollars in doubt.

The Pentagon is drafting a request for proposals for a new fifth-generation military cellular network that would lease its extra capacity to private-sector users like cellphone carriers, auto makers and factories, according to people familiar with the plan. This RFP includes more specific requirements than a separate request for information released last month and could go public before the Nov. 3 election, the people said.

At the same time, the Federal Communications Commission, the independent agency in charge of licensing airwaves to the private sector, is pursuing a plan to auction some of the same Pentagon-controlled band late next year.

The military currently uses the spectrum for radar and aviation, but the same frequencies

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Bad News Weighs on Baht But Thailand’s Bonds Are Re-Energized

(Bloomberg) — Anti-government protests and renewed concern about the virus’s impact on the economy are making the Thai baht one of the region’s worst-performing currencies. When it comes to the nation’s bonds, things are looking more positive.

The baht has suffered since protesters last month held the biggest demonstration since the military’s coup in 2014, and called for a general strike to put further pressure on the government. Optimism about the potential reopening of the country to tourism also received a setback in September as the detection of a locally transmitted virus case ended a run of 100 days without any transmission.



chart: Difference between onshore and offshore baht levels has been growing


© Bloomberg
Difference between onshore and offshore baht levels has been growing

The pressure on the local currency can be seen in the widening yield difference between offshore and onshore forwards, which has expanded to a 60 basis-point premium from a 40 basis-point discount in July. The differential

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Coast Guard housing site near North Concord BART heads to auction starting at $15 million

CONCORD — A 59-acre U.S. Coast Guard parcel the city once hoped to buy and develop will instead go on the auction block next week for a starting price of $15 million.



a sign in front of a tree: The Quinault Village housing development in Concord, Calif., is photographed on Saturday, Nov. 1, 2014. Concord city officials hope that the former Coast Guard housing, which includes 58 acres and 384 mostly three and four-bedroom units, can be purchased by the city and turned into affordable and market rate housing. This is one of two properties that are adjacent to one another. (Dan Honda/Bay Area News Group)


© Provided by Mercury News
The Quinault Village housing development in Concord, Calif., is photographed on Saturday, Nov. 1, 2014. Concord city officials hope that the former Coast Guard housing, which includes 58 acres and 384 mostly three and four-bedroom units, can be purchased by the city and turned into affordable and market rate housing. This is one of two properties that are adjacent to one another. (Dan Honda/Bay Area News Group)

The property, about a mile from the North Concord BART station, was transferred from the U.S. Navy to the Coast Guard in 2007 and had been used to house military personnel, although the buildings are not up to code.

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The site’s two developments, Victory

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Coast Guard housing site near North Concord BART heads to auction for $15 million

CONCORD — A U.S. Coast Guard-owned 59-acre parcel that the city once hoped to buy and develop will instead go on the auction block next week for a minimum of $15 million.

The property, about a mile away from the North Concord BART station, was transferred from the U.S. Navy to the Coast Guard in 2007 and had been used for housing military personnel, although they are not up to code.

The site’s two developments, Victory Village and Quinault Village — named after the S.S. Quinault Victory ship, which exploded in the deadly Port Chicago Naval Magazine disaster during World War II — include 40 duplex buildings built in the 1960s and 42 apartment-style buildings built in 1989.

Concord city leaders had planned to buy the property, which is adjacent to the former Concord Naval Weapons Station. The latest iterations of the plans proposed 800 units could be built on

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