
How much will the burnt Jimi Hendrix guitar auction for on Sept 4th?
Guitar sold for much less than expected.
http://www.bloomberg.com/apps/news?pid=20601088&sid=aSGpZEuNVbW4&refer=muse
Background:>
The guitar, a 1965 Fender Stratocaster, was famously doused with lighter fuel and set alight by the rock legend during a one-off performance at London's Finsbury Astoria in March 1967.
The guitar is among a range of rock memorabilia to be auctioned by the Fame Bureau in London on September 4th. It has an estimate of 500,000 pounds ($999,000).
http://news.yahoo.com/s/nm/20080716/people_nm/hendrix_guitar_dc_1
Due to the auction being pounds at time of sale on ebay the admin will convert via the conversion rate lifted from Google which get's their conversion rate from CitiBank
Settled
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Auctions for less than $500,000 |
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Auctions for $500,001 to 750,000 |
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Auctions for $750,001 to 1,000,000 |
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Auctions for $1,000,001 to 1,250,000 |
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Auctions for $1,250,001 to 1,500,000 |
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Auctions for 1,500,001 or more |
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Anything other than the above |
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Settlement details:
As reported by a major mainstream news source.
Suspend date: Thu 4th Sep 12:59am PDT
Settlement date: Fri 5th Sep 5am PDT
Prediction cut-off: Predictions on this question after Thu 4th Sep 12:59am PDT have been voided because they were made after the question could be settled
Initial likelihoods:
Auctions for less than $500,000: 5%, Auctions for $500,001 to 750,000: 10%, Auctions for $750,001 to 1,000,000: 20%, Auctions for $1,000,001 to 1,250,000: 25%, Auctions for $1,250,001 to 1,500,000: 20%, Auctions for 1,500,001 or more: 15%, Anything other than the above: 5%
Action history:
I have no idea if this includes the extra service fee, discussed in the settlement details. I don't think it does.
And I am not sure that I used right conversion of currency, so I am counting on admins to clarify the settlement.
http://news.bbc.co.uk/2/hi/entertainment/7597220.stm
280,000.00 EUR
=
399,814.86 USD
Euro United States Dollars
1 EUR = 1.42791 USD 1 USD = 0.700324 EUR
Settlement details: As reported by a major mainstream news source.... read all
Predictions (66)
66 predictions
Comments (2)
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"The Auction company uses a buyers commission fee which will be counted on top of the sold price"
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