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Retail Asia22/04/2019

International auction house Sotheby’s has established its second highest total sales in company history for its Spring 2019 Hong Kong auction series. Second only to the firm’s landmark 40th anniversary sales total in Autumn 2013, Sotheby’s Hong Kong concluded the season with a total of HK$482 million, exceeding the pre-sale estimate for the series of […]

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Retail Asia17/12/2018

Chinese tech firm LeEco has put a Beijing shopping centre up for auction on Chinese e-commerce platform Taobao. Experiencing financial difficulties, yet determined to uphold its online trading practices, the firm has listed the 50,000sqm Beijing Shimao Gongsan Plaza at a reserve of RMB2.3 billion (US$334 million). The move follows legal action by mortgagor China […]

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Retail Asia15/11/2018

An unusually large pink diamond sold for a record-breaking $50 million (about 50.3 million Swiss francs) this week at Christie’s auction house in Geneva. After five minutes of bidding, the 18.96-carat Pink Legacy became the world record holder for price paid per carat for a pink diamond at auction. Christie’s international head of jewelry, Rahul Kadakia, […]

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Retail Asia20/06/2018

Thai regulator NBTC has been forced to cancel a planned 1800-MHz spectrum auction after none of the market’s three operators registered to participate. Although True Move, Dtac and AIS all picked up the auction documents, none had filed them by the Saturday deadline. True Move had already expressed plans to sit out of the auction, […]

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Retail Asia08/06/2018

Chinese used car auction platform Tiantianpaiche has received US$100 million strategic investment Autohome, a Chinese automobile online platform, according to Tiantianpaiche’s announcement on its official WeChat account. Autohome also obtained the right to invest as much as US$65 million in the form of convertible notes in Tiantianpaiche in the three years after the completion of […]

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Retail Asia21/05/2018

Two bottles of rare 60-year-old Macallan whisky fetched a total of more than US$2 million under the hammer on Friday in Hong Kong, Bonhams said, with both sales shattering the previous world auction record for the spirit. One bottle, bearing a label designed by British pop artist Peter Blake – who helped create the sleeve […]

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Retail Asia15/05/2018

MoneyMax Financial Services has launched Singapore’s first online B2B auction platform for luxury goods, SG e-Auction, together with Japanese B2B internet auction company Aucnet Inc. As well as luxury branded merchandise, the site will bring buyers and sellers together for auctions involving gold and diamond goods. “This distribution channel allows us to tap into the […]

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Retail Asia08/05/2018

The South Korean government has announced plans to hold an auction for 3.5-GHz and 28-GHz 5G spectrum on June 15. The government has also decided to go with its first proposed option of distributing the spectrum evenly among the nation’s three operators – SK Telecom, KT and LG U+ – rather than allocating the largest portion of […]

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Retail Asia02/12/2016

Five different companies have reportedly expressed an interest in bidding to become the Philippines’ third operator during next year’s planned new entrant spectrum auction. Companies including Philippines TMT company Now Corporation and ISP Converge ICT Solutions have declared their interest in participating. The three other companies have not been named. Now Corp secured a CMTS […]

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Retail Asia29/11/2016

Myanmar plans to hold an auction for 1800-MHz spectrum in March next year, some three months later than initially expected. The Ministry of Transport and Communications will allocate spectrum to allow operators Telenor Myanmar, Ooredoo Myanmar and MPT to expand their 4G networks. The report cites the ministry’s deputy director of posts and telecommunications U […]

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Retail Asia11/11/2016

The Philippines’ telecoms regulator NBTC plans to hold a spectrum auction for a third entrant into the mobile market in mid-2017. The spectrum surrendered by incumbents Globe and PLDT as a condition of their acquisition of San Miguel’s telecoms assets will be bundled together for the auction. According to the report, spectrum in the 700-MHz, […]

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Retail Asia09/10/2016

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India’s major spectrum auction has ended after five days of bidding, raising 657.89 billion rupees ($9.86 billion), far less than the up to $83 billion the government had been anticipating. Just 40% of the airwaves placed on the auction block were sold, with no bids at all for the expensive 700-MHz and 900-MHz bands, the […]

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Retail Asia24/08/2016

Telenor and Myanmar state-owned operator MPT have both lodged expressions of interest regarding taking part in Myanmar’s first spectrum auction in October. The operators are among the potential bidders for 40 MHz of 2600-MHz spectrum reserved for mobile broadband services. Multiple ISPs and other companies – including Yatanarpon Teleport and Myanmar Telecommunication Network – have […]

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Retail Asia10/08/2016

India’s Department of Telecom has set the date for India’s largest spectrum auction to date, announcing that bidding will commence on September 29. The massive auction will be preceded by a pre-bid auction on Saturday. The government has also pledged to make the spectrum available to the winners within 30 days of receiving an upfront […]

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Retail Asia25/04/2016

Thailand’s Dtac has decided not to participate in the upcoming re-auction of 900-MHz spectrum due primarily to the high reserve price. The operator has informed regulator NBTC that it does not plan to bid in the auction Dtac will instead rely on its 20 MHz of 1800-MHz bandwidth held under a concession agreement due to […]

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Retail Asia19/04/2016

Australian MVNO Virgin Mobile has launched a publicity stunt to promote its new data rollover postpaid plans by hosting an auction allowing local consumers to ‘bid’ for items using unused data allocations. The company will auction off 30 items over 30 days, with the top prize being an A$43,000 ($33,000) vacation package to the private […]

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Retail Asia13/04/2016

Thailand’s military junta has overruled the telecoms regulator for the 900-MHz auction, bringing it up one month to May 27, curtailing public debate on and possibly allowing TrueMove in for another chance to claim the entire 900-MHz band. The opening bid will be Jasmine’s winning bid of $2.1 billion (75.65 billion Baht). Jasmine failed to […]

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Retail Asia30/03/2016

Deputy Prime Minister Wissanu Krueangam who has stepped into the mess left after Jas Mobile Broadband walked away without paying for its 900-MHz licence. He has stated that there would be no need to invoke the junta’s absolute power clause in the interim constitution just yet – though he did give the telecom regulator strict […]

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