Historic silver, crystal and even towels sold at auction by the Paris Ritz hotel were snapped up for a total of 1.7 million euros (US$1.9 million), more than four times the pre-sale estimate, the Artcurial auctioneers said on Tuesday.
About 1,500 lots of bed linen to bathrobes and ashtrays were sold to buyers from 25 countries, after more than 500 people registered online for the luxury sell-off.
The famous hotel on Place Vendome in the French capital was a favorite of icons such as actress Audrey Hepburn, fashion designer Coco Chanel and author Ernest Hemingway, who “liberated” its bar when the Allies retook the city during World War II.
Among the used items on sale, a 12-plate “Marthe service” commissioned by Cesar Ritz in 1898 for the opening of the hotel was sold for 13,000 euros, 45 times the estimate.
Christofle serving trollies also sold well, while champagne buckets brought in up to 11,700 euros, 58 times the auction estimate.
The auction had been originally scheduled to take place in April, but was postponed due to the COVID-19 pandemic.
Separately, the cover of a Tintin story that satirized Adolf Hitler’s German expansionism could go for more than 350,000 euros when it comes up for auction in Paris on Saturday.
In King Ottakar’s Sceptre, the boy detective’s Belgian creator Herge was taking a dig at the Nazi leader after his annexation of Austria in 1938.
Tintin and his faithful hound, Snowy, find themselves trying to foil a plot by spies to overthrow the king of the fictional Balkan land of Syldavia.
The cover shows Tintin tripping as he gets out of the plane in Prague and having to grab his new friend Professor Alembick’s beard to right himself.
The drawing is part of a major sale of classic cartoon images at Artcurial auction house in the French capital, which was postponed in March because of the pandemic.
POOR INTERNAL CONTROLS: Insurance Bureau Director-General Shih Chiung-hwa said the company is expected to get back on track while its chairman is suspended The Financial Supervisory Commission (FSC) yesterday fined Shin Kong Life Insurance Co (新光人壽) NT$27.6 million (US$939,415) for a reckless investment that endangered its solvency, and suspended its chairman Eugene Wu (吳東進) for poor supervision. The penalty is the second-highest in a single case after Nan Shan Life Insurance Co (南山人壽) was fined NT$30 million in September last year and its chairman Du Ying-tzyong (杜英宗) suspended for two years, the commission said. In three rounds of special and regular examinations conducted since last year, the commission found that Shin Kong Life had given too much power to an asset and liability management committee
Nano-X Imaging Ltd, a start-up founded by Israeli investor Ran Poliakine, is joining forces with South Korean chipmaker SK Hynix Inc to build a machine that could disrupt a century-old X-ray industry. Valued at about US$2 billion after listing on the NASDAQ last month, Nano-X is seeking to transform a multibillion-dollar industry that has essentially relied on the same technology since Nobel Prize in Physics winner Wilhelm Roentgen discovered X-rays in the late 19th century. Nano-X’s device uses semiconductors instead of metal filaments to generate X-rays. The backing of SK Hynix, the world’s second-largest maker of memory chips, is a boost for
Continental AG, which makes control units for Daimler AG cars, cannot pursue antitrust claims against a group of patent owners, including Qualcomm Inc, which are seeking royalties on telecommunications technology, a federal judge in Texas ruled. Avanci LLC, a licensing pool formed by Qualcomm, Nokia Oyj, Sharp Corp and other owners of patents on technology standards, is not breaching antitrust laws when it negotiates license agreements with automakers rather than the component makers, Barbara Lynn, chief district judge for the Northern District of Texas, said in dismissing the suit in a decision posted on Friday. The licensing group charges US$15 per vehicle
Sony Corp has cut its estimated Play Station 5 (PS5) production for this fiscal year by 4 million units, down to about 11 million, following production issues with its custom-designed system-on-chip (SOC) for the new console, people familiar with the matter said. The Tokyo-based electronics giant in July boosted orders with suppliers in anticipation of heightened demand for gaming in the holiday season and beyond, as people spend more time at home due to the COVID-19 pandemic. However, the company has come up against manufacturing issues, such as production yields as low as 50 percent for its SOC, which have cut into