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Posts Tagged ‘Sells’

Iconic Ansel Adams image sells for nearly $1M at Sotheby’s auction, total sales of $6.4M

18 Dec
Ansel Adams, The Grand Tetons and the Snake River, Grand Teton National Park, Wyoming

‘A Grand Vision: The David H. Arrington Collection of Ansel Adams Masterworks’ completed auctioned at Sotheby’s New York on December 14. The collection comprised 123 individual lots, 94% of which were successfully sold to buyers both in person at Sotheby’s New York and online. A mural-sized print, ‘The Grand Tetons and the Snake River, Grand Teton National Park, Wyoming’, sold for a record-high for an Ansel Adams print, closing at $ 988,000 USD.

Ansel Adams photographed the record-setting print in 1942. The image was commissioned by the Department of the Interior. The mural-sized print of Jackson Hole is one of fewer than 10 thought to exist. David H. Arrington acquired it directly from a descendant of Ansel Adams.

Ansel Adams, The Grand Tetons and the Snake River, Grand Teton National Park, Wyoming – Lot 53, sold for $ 988,000

David H. Arrington was born and raised in Dallas, Texas and currently serves as President of Arrington Oil & Gas Operating LLC. He became interested in photography as a teenager and began collecting Adams’ work in his twenties. His collection ultimately developed into one of the largest and most comprehensive private collections of Adams’ photography. Pieces from the collection have been part of many exhibits over the years, including in the Los Angeles County Museum of Art, San Francisco Museum of Modern Art, The Art Institute of Chicago, the Hayward Gallery, the Kunstbibliothek in Berlin, and the Museum of Modern Art.

Ansel Adams, Winter Sunrise, Sierra Nevada, from Lone Pine, California – Lot 107, sold for $ 403,200

Arrington said, ‘I remember the first time I saw an image slowly appear in the developing tray in my darkroom. I was 15 years old, mesmerized and thrilled beyond imagination at the possibilities inherent in photography. Now at 60 years old, I still feel the same.’ Many of his Ansel Adams prints were displayed at his company’s headquarters, making it a museum of sorts. He encouraged employees to select favorite prints to hang in their offices.

When the auction closed, the sold lots totaled $ 6.4 million, the highest total for a sale of photographs at Sotheby’s since 2014. Before the auction, the pre-sale estimate ranged from $ 4.1 to $ 6.1 million. Sotheby’s shared additional interesting figures, including that nearly half of lots sold achieved prices above their high estimates, more than 50% of lots were sold online and 35% of buyers were first-time buyers from Sotheby’s.

Ansel Adams, Half Dome, Merced River, Winter, Yosemite Valley – Lot 38, sold for $ 685,500

Emily Bierman, Head of Sotheby’s Photographs Department in New York, said, ‘The spectacular results from [the sale] not only affirmed Ansel Adams as one of the most important artists of the 20th century, but also that his subject matter is as relevant today as when it was created over half a century ago.’ She commented further that the record-setting print garnered a bidding battle involving at least half a dozen bidders.

Bierman continues, ‘The collection put together by David H. Arrington was unprecedented in its scale, scope, and condition, and now proudly takes its place among the most significant collections of photographs to ever come to auction. Handing this collection has been an enormous privilege for our entire team, and, personally, an opportunity I will cherish in my career.’

Ansel Adams, Yosemite Valley from Inspiration Point, Winter, Yosemite National Park – Lot 48, sold for $ 163,800

You can browse all 123 lots by clicking here. From there, you will be able to see the closing price for sold lots and view the pre-sale estimates for each lot. Notably, before the auction, Sotheby’s estimated that Adams’ iconic ‘Moonrise, Hernandez, New Mexico’ would sell for the highest amount, although it ultimately sold for about $ 300,000 less than Adams’ image of the Grand Tetons. David H. Arrington’s collection included many other iconic Adams images and it’s well worth it for any photographer fan to peruse and enjoy the images.


Image credits: The above Ansel Adams photographs have been shared with us courtesy of Sotheby’s Auction House

Articles: Digital Photography Review (dpreview.com)

 
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Sony sells entire 5% stake in Olympus but continues its business alliance

31 Aug

Sony has sold the rest of the shares it held in Olympus after declaring the alliance between the two companies has achieved what it set out to do. The sale of the 68,975,800 shares, which have been bought back by Olympus, raised 80 billion yen ($ 75m) on a value of 1165 yen per share. The holding had represented 5.03 percent of the total common shares in Olympus.

Sony has made a tidy profit on the sale as the shares were purchased in 2012-13 as part of an 11.5 percent stake in Olympus that cost only 50 billion yen ($ 47m at today’s rate). Part of that share-holding was sold in 2015 for 46.8 billion yen, making a total of nearly 127 billion yen ($ 120m) from a 50 billion yen purchase.

The original stake in Olympus was made directly after the company’s accounting scandal came to light and provided a much-needed injection of cash to keep the company secure at a time when its share price had dropped dramatically. The purchase was in the medical and camera businesses, and the two companies set-up Sony Olympus Medical Solutions together. Sony has said that despite the sale of the share the two companies will continue the business alliance and collaborative partnership.

For more information see the Sony website.

Articles: Digital Photography Review (dpreview.com)

 
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The most expensive camera in the world: 1923 Leica sells for $2.97M at auction

12 Mar

A private collector in Asia just bought her or himself the most expensive camera ever sold at auction, making away with an ultra-rare Leica 0-series no. 122 for the mind-boggling price of €2.4 million (approximately $ 2.97M USD, or £2.15M)—a sum reached when you combine the hammer price of €2 million with the €400,000 premium.

The auction took place on Saturday at the famed WestLicht auction house in Vienna, where Leica majority owner and chairman of the board Andreas Kaufmann was there to watch the record be set.

Leica 0-series no. 122 | Photo: WestLicht

According to WestLicht, the astronomical price “reflects the camera’s fantastic original condition.” Only 25 of these ‘test’ cameras were produced by Ernst Leitz in 1923—two years before the first Leica camera was officially brought to market—and WestLicht claims that of those 25, only three are known to still be in ‘original condition.’

Speaking of which: this sale beat the former €2.16 million (~$ 2.67M USD) record price paid for another Leica 0-series (no. 116) in 2012.

Press Release

The Most Expensive Camera Ever

Leica camera sold for 2,400,000 Euro (USD 2,976,000) at WestLicht record auction

The 32nd WestLicht Camera Auction brought not one but two record winning results. With the new world record price of 2.4 million Euro (2 million hammer price plus premium) the Leica 0-series no. 122 is the World’s most expensive camera to date. Furthermore, the auction turned out to be the most successful one in the rich history of the Vienna auction house.

The Leica 0-series had started at a price of 400,000 Euro and rose to a result 6 times higher. A private collector from Asia emerged as the winner from the exciting bidding war. The remarkable price certainly also reflects the camera’s fantastic original condition. In 1923, two years before the first Leica was introduced to the market, Ernst Leitz produced 25 of this test camera, only three of which are known to still be in the original condition.

The previous record holder, a Leica 0-series with no. 116, was also auctioned at WestLicht in 2012 for 2.16 million Euro. Peter Coeln, WestLicht founder: “The outstanding result once again emphasizes the international leading position of our auction house”. Leica majority owner and chairman of the board Andreas Kaufmann added: “This world record price of 2.4 million Euro demonstrates the ongoing and ever-growing myth of the Leica brand.”

A further excellent result was achieved by another Leica camera from the famous collection of Jim Jannard (founder of Oakley): A Leica MP-89 black paint climbed from a starting price of 120,000 to 456,000 Euro. A Leica MP-2, the first camera with electric motor drive, changed ownership for 432,000 Euro. For the comparatively moderate sum of 48,000 Euro a collector purchased the Hasselblad Lunar Surface SWC which was manufactured for the Apollo missions.

The overall sales rate of the 32nd WestLicht Camera Auction was at 91% of the 530 lots, with close to 100% among the Leica items.

Next WestLicht Auction is scheduled for November this year.

Articles: Digital Photography Review (dpreview.com)

 
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Crypto-art ‘Forever Rose’ photo sells for $1M, making it the world’s most valuable virtual art

20 Feb

A blockchain crypto-art rose titled “Forever Rose” has been sold to a collective of investors for cryptocurrencies with a value equivalent to $ 1,000,000 USD. The collective is composed of 10 investors, each of whom contributed an equal amount toward the digital rose. The artwork is based on Kevin Abosch’s photograph of a rose and was created by Abosch and GIFTO, a decentralized universal gifting protocol.

Blockchain technology is behind cryptocurrencies like bitcoin and rights management platforms like KODAKOne. The tech can also be used for art, as demonstrated by Abosch with “Forever Rose.” Abosch previously sold an image of a potato titled “Potato #345” in 2016 for more than $ 1 million.

More than 150 buyers expressed interest in the Forever Rose, according to a press release detailing the sale. Ten collectors were ultimately chosen using a ballot—the buyers include ORCA Fund, Chinese crypto-investor Ms. Meng Zu, blockchain advisory firm TLDR Capital, and others. Payments were made in IAMA and GTO-by-GIFTO cryptocurrencies, with each buyer paying the crypto-equivalent of $ 100,000 to get 1/10 of the ROSE, an ERC20 token on the Ethereum blockchain.

Forever Rose is believed to currently be the most valuable virtual artwork in the world. The buyers can choose to hold onto their rose tokens, sell them, or give them away. Abosch and GIFTO will donate the sale proceeds to The CoderDojo Foundation, which provides kids around the world with the opportunity to learn coding skills for free.

Press Release

World’s Most Valuable Crypto-Artwork Sells for US$ 1 million

HONG KONG, Wednesday, February 14, 2018 – IN CELEBRATION of Valentine’s Day, the Forever Rose, a crypto-art project produced by world-renowned visual conceptual artist Kevin Abosch and blockchain universal virtual gifting protocol project GIFTO, sold for US$ 1 million worth of cryptocurrency to a group of 10 collectors.

With the sale, the Forever Rose is now the world’s most valuable piece of virtual artwork ever sold, and marks the historical merging of blockchain technology, fine art, and charitable causes.

Due to an overwhelming response with over 150 potential buyers from around the world indicating their interest, the decision was made to allow 10 buyers to buy the Forever Rose, as a way to show how the crypto community can come together to do their part to benefit the underprivileged.

To select the buyers for the Forever Rose, a ballot was held to determine the 10 collectors who can purchase the Forever Rose on 14 February at 14:00 Hong Kong time. These 10 collectors are some of the leading projects and investors in the crypto community. They are:

  • ORCA Fund, the premier digital asset fund in Asia
  • Future Money and Ink, a leading blockchain investment fund and IP asset exchange
  • Node Capital and Jinse Finance, a leading crypto fund and financial media in Asia
  • TLDR Capital, a leading blockchain advisory firm
  • Project Boosto, power global influencers with their own dApps and tokens
  • Project DAC, a platform for decentralized interactive audio
  • Project Nebulas, a search framework for blockchains
  • Project Caring Chain, a decentralized charitable cause platform
  • Ms. Meng Zu, a leading crypto investor in China
  • 1 collector who wishes to remain anonymous

Charles Thach, Managing Partner of ORCA Fund said: “ORCA is honored to support the Forever Rose project, our philosophy of bridging the best of west and east in blockchain industries fits nicely into the ethos of the Rose, and we will continue to contribute back to society via future charitable endeavors.”

Mori Wang, Founder of Project Caring Chain, said: “I believe blockchain technology has a huge potential to transform the entire charitable world, bringing transparency and accountability to projects worldwide. Project Caring Chain is proud to be a part of this historical milestone, the world’s first crypto charitable artwork.”

The cost of the Forever Rose was paid using two cryptocurrencies – GTO by GIFTO and IAMA by Kevin Abosch, with the 10 buyers splitting the cost of the crypto-artwork evenly, with each buyer paying US$ 100,000 in crypto currencies. The Forever Rose is an ERC20 token called ROSE on the Ethereum blockchain that is based on Mr Abosch’s photograph of a rose. The buyers each receives 1/10 of the ROSE token, as ERC20 tokens are divisible. They can then choose to hold their portion, sell it, or give it as a special gift for Valentine’s Day or any other special occasion.

The exact number of tokens required was determined according to their value on 14 February at 10:00 Hong Kong time. All proceeds from the sale will be donated to The CoderDojo Foundation, whose mission is to ensure that every child around the world should have the opportunity to learn code and to be creative with technology in a safe and social environment.

With the donation, Mr Abosch and the GIFTO team aim to inspire future generations to continuously push the boundaries and tap on technology to create a better world, and also to call on the crypto community to use more of the vast wealth created for charitable causes.

Ms Giustina Mizzoni, Executive Director of the CoderDojo Foundation, said: “A huge thank you to both Kevin and the GIFTO team for choosing the CoderDojo Foundation to benefit from this historic project. Technology is rapidly changing the world we live in. We have a duty to ensure that the next generation can not only seize the opportunities presented by this, but also influence and shape its future. Thousands of volunteers around the world are working to ensure this by creating opportunities for young people to code and create through the global CoderDojo movement.”

The Forever Rose project started as a personal collaboration between Mr. Abosch and Andy Tian, founder of GIFTO, as a way to stimulate a deeper discussion on the state of the crypto and blockchain industry, which has captured the world’s attention over the last few months. The project is symbolic of the current massive global popularity of cryptocurrency, and also aims to drive discussion regarding the entry of blockchain technology into the mainstream economy.

After it is sold, a dedicated website will be available to track the value of the artwork based on movements of GTO and IAMA and giving the public a visual representation of the movements and trends in the current cryptocurrency environment. Mr. Abosch and Mr. Tian hope that The Forever Rose will become a symbol of the blockchain and crypto world, and extend an invitation for everyone to participate in the project by recording and submitting their responses on video. Instructions are on the Forever Rose website.

Mr Abosch is most famous for creating and selling his iconic photographic portrait of a potato – “Potato #345” for more than US$ 1 million in 2016, and is much sought after for his portraits of top global celebrities from the entertainment and technology sectors. He has been pushing the limits of visual and conceptual art for most of his career.

He said: “I’m delighted that the crypto world has come together around The Forever Rose to further demonstrate the elegant power of the blockchain as a technology, but more importantly, as an instrument through which goodwill and humanity can be amplified.”

The GIFTO project, which completed the fastest-ever token sale in Asia in 1 min in Dec 2017, is the world’s first universal gifting protocol. GIFTO was created by the makers of Uplive (http://up.live/), one of the most popular live streaming mobile applications in the world with over 35 million users. IAMA Coin is a crypto-art project that Mr Abosch launched recently (http://www.iamacoin.com/), in which the artist himself explores the value of a crypto coin.

Mr Andy Tian, CEO and founder of GIFTO, said: “We are excited that the community has embraced the Forever Rose Project, and has come together for a great cause. We see a lot of parallels between blockchain technology and art, and hope that the Forever Rose can become a historical point marking blockchain moving from an esoteric technology, into the minds and hearts of every day people.”

Articles: Digital Photography Review (dpreview.com)

 
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Amazon sells an AmazonBasics flash for Canon and Nikon DSLRs for just $28

09 Aug

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If you’re looking to get into artificial lighting for dirt cheap, there’s a new ‘most affordable’ option in town. It turns out Amazon sells what looks to be a clone of the already cheap (~$ 70) Godox VT560 for the rock bottom price of just 28 bucks through the AmazonBasics brand.

PetaPixel spotted the speedlight earlier today, and the response has been pretty positive so far. Sure, the “AmazonBasics Electronic Flash for DSLR Cameras” can’t be radio triggered and doesn’t feature useful options like TTL metering, but at $ 28 nobody in their right mind would expect it to.

Instead, what you’re getting is a Canon and Nikon compatible speedlight with three modes (Manual, Slave 1, Slave 2), PC sync port for firing your flash off-camera without a master, 8 levels of power control, and a guide number of 33. Reviews so far are decent at an average of 3.9 our of 5 stars, with some calling the flash “unbeatable for the money,” although at least one reviewer said the flash failed on-location after working fine at home.

To find out more about the ultra-affordable speedlight, or if you want to pick it up for yourself, click here.


*FULL DISCLOSURE: dpreview.com is a wholly-owned but editorially independent subsidiary of Amazon.

Articles: Digital Photography Review (dpreview.com)

 
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Adult Erector Sets: Toymaker Now Sells DIY Furniture Part Kits

24 Apr

[ By WebUrbanist in Design & Furniture & Decor. ]

home furniture erector set

Combining elements of IKEA ingenuity and their own classic line of modular toys, Meccano (makers of Erector Sets) is now offering a new type of do-it-yourself furniture modeled on their own miniature for-kids equivalents.

resizing furniture animation

home furniture building kit

home furnishing table lamp

Made in France, the Meccano Home furniture series involves the same sorts of struts, surfaces, connectors and bolts found at smaller scale in their toy line, a kit-of-parts approach letting you build then rework any domestic object you desire, reusing pieces along the way.

home furniture wall table

home furniture red white

Currently sold in sets, you can start out with a single piece then use the modules to make something entirely new or combine elements from other packages. Twenty different pieces help create sufficient consistency while also providing variety – there are a lot of options but no risk of losing a ‘rare’ part that could be more difficult to replace.

home furniture modular pieces

home furniture diy objects

home furniture design series

Flashy colors and a nostalgic aesthetic aside, the bigger picture here is a powerful one: a world in which we no longer scrap or sell our used furniture, but instead cannibalize the parts, storing them for future use or re-purposing them on the spot into new furnishings.

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[ By WebUrbanist in Design & Furniture & Decor. ]

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Sony sells half of its Olympus stake

02 Apr

Sony is selling half its stake in Olympus to investment bank JP Morgan to free up cash for ‘strategic investments,’ the company has announced. Sony bought a 10% stake in the medical and camera company in 2012, primarily to gain access to the global medical market to which it hoped to apply its sensor, 3D and display technologies. At the time Olympus’s future was in doubt, following revelations that it had misstated its accounts having been secretly redirecting money to pay off long-standing debts that has been hidden from investors. Read more

Articles: Digital Photography Review (dpreview.com)

 
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Instagram Stock Sites Struggle, Art Sells

28 Oct

Backed by Facebook, Instagram is now the main platform for shooting and sharing. With more than 130 million members, 45 million images uploaded each day and a billion daily likes spreading those photos across accounts, Instagram is the most important tool for casual snappers and photography enthusiasts who want to capture interesting scenes and show them to their friends.

But what about professionals — or at least people who want to earn like them? Is it possible for Instagram users to shoot, share and cash in on their images? It’s not easy and the numbers so far aren’t huge but there are ways to turn a photo-sharing following into a profit stream, with more on the way. We assess five of them:

1.     Sell Access to Your Followers

The Mobile Media Lab has been described by AdWeek as “a marketing agency for Instagram.” Created in April 2012 by three popular Instagramers, the company is used by brands that want to push images of their events to social media audiences. Those clients have included fashion firm Michael Kors, sports company Puma and even Delta Airlines which hired the company to shoot a New York Rangers playoff game as part of its team sponsorship.

After receiving an enquiry, Mobile Media Lab matches the brand to one of its photographers whose network might enjoy the images. In practice, the photographer might post just a handful of photos during the course of an event but in return they may receive access to a sports meeting, travel and a payment. A sign-up form on the website lets other popular Instagramers sell their networks.

2.     Instastox

The Mobile Media Lab model is fun and lucrative — and proven to work. But it depends as much on a large audience as high quality images. The three Instagramers who founded the company are effectively charging companies to advertise to their followers. A better option would be to offer companies the chance to license images posted on Instagram.

Until Instagram provides an easy way for firms to buy licenses off-the-shelf, the same way that they can buy microstock images, a number of companies are trying to fill the gap.

Instastox is currently preparing to launch. It’s not saying too much yet but prices appear to be microstock level and it’s accepting requests for invitations from photographers. Others, though, include…

3.     InstaStock… and InstaStock Images

According to an April press release, InstaStock Images was due to open in August 2013. So far, it’s still talking lorem ipsem and it’s going to need to move fast to live up to its tagline of “the first royalty-free stock photography marketplace just for Instagram photos”; the similarly named Instastock is at roughly the same level of development.

Both firms have issued press releases, launched sites and are taking enquiries from contributors although neither are open for business just yet. The bidding war looks interesting though: Instastock has promised a 50/50 split with photographers; Instastock Images are offering 60 percent and predicting that contributors will make three times the 25 cents they earn on “some competitor stock photography sites.”

Don’t expect those Instagram stock shots to make you rich.

4.     DotSpin

While photo entrepreneurs race to push out Instastox, Instastock and Instastock Images, one company is already up and running. It’s just not paying. DotSpin sticks closely to the way Instagram is currently being used. The service provides a way for Instagramers to apply Creative Commons licenses to their images. The pictures are rated by the community and those that win the most votes are given “dotcredits” that they can redeem for rewards. At the moment, DotSpin has some agreements with Amazon but when we contacted him earlier this year, founder  Gaston Paladini was confident he would be able to bring in brands looking to push their products to Instagram users willing to share their images.

It’s not a service that’s going to bring in bucks but if you don’t mind people taking your photos and doing whatever they want with them — and if Gaston Paladini can persuade firms to donate — you might find it’s a fun way to pick up some goodies from your Instagram use.

5.     Instaprints

Instaprints might well have been the first Instagram service to actually make money from Instagram and to allow photographers to do so too. While digital stock sites are struggling to get  off the ground, Instaprints, which comes from Fine Art America, does things the old fashioned way: it lets art-lovers buy prints of the images they love on Instagram. And those sales do appear to be coming in.

The success of Instaprints at actually generating sales can be put down to three vital factors. First, the site has the backing of an established company with an audience used to searching and buying art.

Second, sellers at Fine Art America are used to marketing their works. While stock contributors tend to upload, forget and wait for the checks to roll in, art sellers know they need to build their own fan bases and do their own marketing. On Fine Art America they were already doing it. The company’s Instaprints just gave them another way to bring images they were shooting and sharing anyway to those markets.

And perhaps most importantly, the service sells the kinds of images that Instagram’s users are creating naturally on the social media service. Even if one of the Instagram-based stock companies does take off, the photos it sells might be good for one or two uses but they’re unlikely to be flexible enough for the kinds of multiple sales necessary to earn significant income. Those stock companies might well find that the photos they offer are better sold on a rights managed basis rather than copying the microstock model.

It would be great to say that Instagram’s massive userbase and giant number of uploaded images represent a huge opportunity for people hoping to make money from their images. It is worth keeping an eye on the stock sites that are currently being built but in practice the best bets appear to be turning your account into a marketing agency or selling prints of your mobile pictures as art.


Photopreneur – Make Money Selling Your Photos

 
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Priceless: Banksy Shop in NYC Sells Art to Clueless Public

15 Oct

[ By Steph in Art & Street Art & Graffiti. ]

Banksy New York City Sale 1

A few lucky people had no idea what they were actually purchasing when they bought black-and-white graffiti works on canvas from a street stall in Central Park for sixty bucks a pop. Those works of art are worth thousands of dollars each – because they’re Banksy originals. The elusive street artist held an unannounced sale in New York City on the thirteenth day of his ‘Better Out Than In‘ residency, and most people failed to notice the incredible bargain right under their noses. But don’t bother coming back tomorrow: this was one a one-day-only sale, and you (and everyone else) just missed it.

Banksy New York City Sale 2

That’s not only because the stall was manned by a bored-looking old man who sat around for four hours before making a sale. Banksy knock-offs can be found all over the place, and these canvases hardly stood out as anything different. But they’re signed, original, 100% authentic works of art worth as much as $ 30,000 a piece.

Banksy New York City Sale 3

One guy, purchasing art for his Chicago apartment, walked away with four – we bet he’s happy about that decision today, if he even realizes what he has are originals (in which case one has to wonder why he did not buy more). Murals by the artist, removed from the urban settings in which they were painted, routinely fetch as much as half a million each, with one even netting $ 1.1 million.

Banksy New York City Sale 4

The clueless public who passed on these original Banksy canvases won’t get another chance – it was a one-time deal. Banksy will be in town for the rest of the month, adding to the stencils, installations and mixed media pieces he’s already put up during his time in the city. Those works include two mobile pieces, like a delivery truck converted into a garden, complete with a waterfall.

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[ By Steph in Art & Street Art & Graffiti. ]

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Kodak sells film and kiosk businesses to UK pension scheme

01 May

shared:kodakextColor.jpg

Kodak hopes to sell its consumer film and processing kiosk businesses to its UK pension scheme, to allow it to emerge from Chapter 11 bankruptcy. The move pays off the company’s biggest debt – an estimated $ 2.8bn it was expected to have to pay to the pension scheme over the coming years. The pension scheme is reported to be paying $ 650 for the Personalized Imaging and Document Imaging units the company announced it would sell last August.

News: Digital Photography Review (dpreview.com)

 
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