A pair of 1972 Nike Waffle Racing Flat “Moon Shoe” sneakers sold for $437,500 (£351,426; €391,554), including premium, at Sotheby’s in New York, USA, on 23 July 2019. The unworn shoes were hand-made by Nike co-founder and Oregon University track coach Bill Bowerman, and only a handful of the original batch of 12 pairs are left in existence. The purchase was made by Canadian entrepreneur and collector Miles Spencer Nadal, who is planning on displaying the sneakers – plus another 99 pairs acquired in the sale – at his Dare to Dream Automobile Museum in Toronto, Canada. The sale was curated by Stadium Goods, a US-based premier sneaker marketplace, and the lot was sold by Jordy Geller, the Guinness World Records title holder for largest collection of sneakers.
Mr. Nadal purchased 99 pairs of sneakers in a private sale prior to the public auction for the Moon Shoe. The Nike sneaker was held back in order to be placed into public sale, but Nadal purchased it too. The prototype sneaker is considered an historic artefact in the history of sports. According to Sotheby’s, “Bowerman was first inspired to create the innovative waffle sole traction pattern found on the brand’s early running shoes by tinkering with his wife’s waffle iron and pouring rubber into the mold to create the first prototype of the sole.”
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History of Auctioneering
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Damien Hirst (UK) made $200.8 million (£111 million) during a two-day auction on 15 and 16 September 2008. 167 of his works went on sale at Sotheby’s in London. Only three of the 167 items available failed to find buyers.
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eBay was founded as AuctionWeb in California on September 3, 1995 by Pierre Omidyar in September 1995. It has 132 million yearly active buyers worldwide and handled $73 billion in transactions in 2023, 48% of which was in the United States. In 2023, the company had a take rate (revenue as a percentage of volume) of 13.81%.
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In June 2000, eBay acquired Half.com for $312 million in stock.
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Pursuant to 24 Del. C. § 2901, “the practice of providing real estate services” is reserved for those “duly licensed under this chapter.” Section 2901 enumerates several exceptions to the licensing requirement for providing “real estate services,” including one for “auctioneers.” In its Complaint, Plaintiff Delaware Auctioneers Association challenges regulations promulgated by Defendant Delaware Real Estate Commission concerning the 24 Del. C. § 2901(e)(4) exception for “auctioneers.”3 Specifically, Plaintiff asserts that § 2901(e)(4) is a blanket exemption for “auctioneers,”4 and, therefore, Defendant does not have the authority to implement regulations which purport to clarify “the complete, clear unambiguous and blanket exemption provided to ‘auctioneers.’”
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The Idaho Association of Professional Auctioneers (IAPA) was organized in 1981 to promote professionalism and the auction method of marketing. All members are in good standing and subscribe to the code of ethics set forth by the IAPA. The Association offers leadership, support, information and assistance to its members through its various committees and services, and lobbies to protect and enhance auction interests in the State. Members in good standing in the Idaho Association of Professional Auctioneers abide by Idaho Auction Law, IAPA By-Laws and a strict Code of Ethics.
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Based on users, the largest auction website is eBay (USA), with an estimated 157 million active buyers worldwide as of 9 October 2015, according to Forbes.
eBay was launched on 4 September 1995 by Pierre Omidyar (France) and has its headquarters in San Jose, California, USA.
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“Jimson Weed: White Flower No. 1” by American Modernist Georgia O’Keeffe (1887–1986) became the most expensive painting by a female artist sold at auction, when it made $44.4 million (£28 million) at Sotheby’s in New York, USA, on 20 November 2014.
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The most expensive bottle of wine sold at auction is £192,000 ($304,375), which was paid for a bottle of 1947 French Cheval-Blanc, and sold at Christie’s, Geneva, Switzerland on 16 November 2010. The bottle was sold to a private collector smashing the previous estimates. The wine is of Bordeaux variety.
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The most expensive piece of wireless related equipment is a German Enigma coding (ciphering/enciphering) machine sold for £24,172.50 ($38,047.50) when it came to auction at Phillips Bond Street, London, UK, in April 1993. The above amounts are equivalent to £29,385.80; $45,355.26 in the year 2000.
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