Last week, Dorothy's 'ruby slippers' sold at US-based Heritage Auctions, the fine art and collectibles auction house, for a price somewhere over the rainbow: $28 million. One of four surviving pairs worn by American actor Judy Garland in the 1939 film titled The Wizard of Oz, these slippers are now the most famous, and by far the most valuable, movie memorabilia ever sold at auction.
This pair was famously stolen from the Judy Garland Museum in Grand Rapids, Minnesota, in the summer of 2005 and was recovered 13 years later by the FBI, only to return to owner Michael Shaw earlier this year before he handed them over to Heritage for inclusion in the auction, which drew more than 1,800 bidders worldwide. "There is simply no comparison between Judy Garland's Ruby Slippers and any other piece of Hollywood memorabilia," said Joe Maddalena, executive vice-president, Heritage Auctions, in a press statement.
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More Indians looking to fly biz class this holiday season
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Porsche billionaires are in a tight spot, again
PORSCHE AUTOMOBIL HOLDING SE sure knows how to do drama. Last week, the listed holding of the Porsche and Piech families warned it may have to book up to €22 billion ($23 billion) of impairments amid a decline in the market value of its 31.9% stake in Volkswagen AG and 12.5% economic interest in the Porsche AG automaker.
Q2 a blip, growth to pick up again: FM
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Markets slump over 1%
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Indian firms turn to euro, yen swaps to trim borrowing cost
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IIT-Madras to offer fine arts, culture courses
In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.
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EDUCATION-INDUSTRY MISMATCH
KYC masking to go live on Jan 20
DEADLINE EXTENDED; BIG RELIEF TO BANKS & FINTECHS
