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URA plans public auction of uncleared goods

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has called traders whose goods haven’t been cleared to do so lest they are auctioned. In a letter sent out this morning, Patience Tumusiime Rubagumya, the Acting Commissioner for Customs says “all goods that remain uncleared after 30 days of the …

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Mugabe’s tractors, trucks to be auctioned to pay off debts

Harare, Zimbabwe | AFP | Farm tractors, pick-up trucks and combine harvesters from former Zimbabwe president Robert Mugabe’s dairy farm will go under the hammer to pay off debts, auctioneers announced Thursday. Mugabe, who ruled Zimbabwe for 37 years, owned several farms despite laws limiting individuals to one farm. He …

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Rough terrain for Pioneer Easy Bus

Creditor plan to auction buses to recover Shs 151 mn debt Kampala, Uganda | ISAAC KHISA | On the road leading to the Western gate of the Mandela National Stadium, located about 8 kilometres away from Kampala City Center on the Kampala-Jinja highway, one would easily observe that something wrong. Nearly …

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Pricing the priceless: the $450mn Da Vinci record

New York, United States | AFP | A triumph of marketing over aesthetics? Or the legitimate cost of owning a Da Vinci? The sale of a Renaissance portrait of Jesus Christ for nearly half a billion dollars has stunned the art world. Its quality and condition are debated and isolated …

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Largest diamond ever auctioned to go under hammer in Geneva

Geneva, Switzerland | AFP | The largest diamond ever offered at auction is set to go under the hammer in Geneva Tuesday evening, with bids expected to top $25 million. The “sensational” 163.41-carat flawless diamond, suspended from an emerald and diamond necklace called The Art of Grisogono, will be one of …

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South Africa gives go-ahead to rhino horn auction

Johannesburg, South Africa | AFP | A South African court on Sunday gave the go-ahead for an online auction of rhino horns that has outraged conservationists. South African authorities had moved to ban the three-day auction which they feared would undermine the global ban on rhino trade, refusing to issue a …

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