Midnight Blue Gown Highlights Biggest Sale of Princess Diana’s Belongings Since 1997
Kanebridge News
    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,619,543 (+1.02%)       Melbourne $993,415 (+0.43%)       Brisbane $975,058 (+1.20%)       Adelaide $879,284 (+0.61%)       Perth $852,259 (+2.21%)       Hobart $758,052 (+0.47%)       Darwin $664,462 (-0.58%)       Canberra $1,008,338 (+1.48%)       National $1,044,192 (+1.00%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $750,850 (+0.34%)       Melbourne $495,457 (-0.48%)       Brisbane $530,547 (-1.93%)       Adelaide $452,618 (+2.41%)       Perth $435,880 (-1.44%)       Hobart $520,910 (-0.84%)       Darwin $351,137 (+1.16%)       Canberra $486,921 (-1.93%)       National $526,132 (-0.40%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 10,060 (-129)       Melbourne 14,838 (+125)       Brisbane 7,930 (-41)       Adelaide 2,474 (+54)       Perth 6,387 (+4)       Hobart 1,349 (+13)       Darwin 237 (+9)       Canberra 988 (-41)       National 44,263 (-6)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 8,768 (-27)       Melbourne 8,244 (+37)       Brisbane 1,610 (-26)       Adelaide 427 (+6)       Perth 1,632 (-32)       Hobart 199 (-5)       Darwin 399 (-5)       Canberra 989 (+1)       National 22,268 (-51)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $600 ($0)       Brisbane $640 ($0)       Adelaide $600 ($0)       Perth $650 (-$10)       Hobart $550 ($0)       Darwin $700 ($0)       Canberra $680 (-$10)       National $660 (-$3)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $585 (-$5)       Brisbane $635 (+$5)       Adelaide $495 (+$5)       Perth $600 ($0)       Hobart $450 (-$25)       Darwin $550 ($0)       Canberra $570 ($0)       National $592 (-$1)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,449 (+85)       Melbourne 5,466 (+38)       Brisbane 3,843 (-159)       Adelaide 1,312 (-17)       Perth 2,155 (+42)       Hobart 398 (0)       Darwin 102 (+3)       Canberra 579 (+5)       National 19,304 (-3)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 7,769 (+82)       Melbourne 4,815 (+22)       Brisbane 2,071 (-27)       Adelaide 356 (+2)       Perth 644 (-6)       Hobart 137 (+2)       Darwin 172 (-4)       Canberra 575 (+6)       National 16,539 (+77)                HOUSE ANNUAL GROSS YIELDS AND TREND         Sydney 2.57% (↓)       Melbourne 3.14% (↓)       Brisbane 3.41% (↓)       Adelaide 3.55% (↓)       Perth 3.97% (↓)       Hobart 3.77% (↓)     Darwin 5.48% (↑)        Canberra 3.51% (↓)       National 3.29% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND         Sydney 5.19% (↓)       Melbourne 6.14% (↓)     Brisbane 6.22% (↑)        Adelaide 5.69% (↓)     Perth 7.16% (↑)        Hobart 4.49% (↓)       Darwin 8.14% (↓)     Canberra 6.09% (↑)      National 5.85% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 0.8% (↑)      Melbourne 0.7% (↑)      Brisbane 0.7% (↑)      Adelaide 0.4% (↑)      Perth 0.4% (↑)      Hobart 0.9% (↑)      Darwin 0.8% (↑)      Canberra 1.0% (↑)      National 0.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 0.9% (↑)      Melbourne 1.1% (↑)      Brisbane 1.0% (↑)      Adelaide 0.5% (↑)      Perth 0.5% (↑)      Hobart 1.4% (↑)      Darwin 1.7% (↑)      Canberra 1.4% (↑)      National 1.1% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 30.2 (↑)      Melbourne 31.9 (↑)      Brisbane 31.5 (↑)      Adelaide 26.3 (↑)      Perth 35.7 (↑)        Hobart 32.0 (↓)     Darwin 36.4 (↑)      Canberra 30.8 (↑)      National 31.8 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 30.8 (↑)      Melbourne 31.3 (↑)      Brisbane 30.2 (↑)        Adelaide 24.1 (↓)     Perth 39.4 (↑)      Hobart 35.1 (↑)      Darwin 47.9 (↑)      Canberra 41.7 (↑)      National 35.1 (↑)            
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Midnight Blue Gown Highlights Biggest Sale of Princess Diana’s Belongings Since 1997

By CASEY FARMER
Fri, Apr 12, 2024 9:07amGrey Clock 3 min

The largest auction of Princess Diana’s belongings in 27 years, including clothes and accessories, will be held this summer in Los Angeles.

Julien’s Auctions will hold a sale of Princess Diana’s most important garments and accessories, both in Los Angeles and online, on June 27.

The collection, titled “Princess Diana’s Elegance & a Royal Collection,” will be the largest to go to auction since the Princess of Wales sold 79 of her dresses at Christie’s in 1997, just two months before her death, according to a news release from Julien’s Auctions, which is holding the sale on June 27. The previous sale brought in US$3.25 million for charity.

“Julien’s is honoured to present this historic auction that will celebrate Princess Diana’s iconic fashion style and her reign as the People’s Princess,” said Martin Nolan, co-founder and executive director of Julien’s Auctions, in a news release.

The Julien’s auction will include some of the princess’s most famous cocktail and evening dresses, suits, shoes, hats, and accessories.

Princess Diana wore a yellow and navy Catherine Walker skirt suit during her visit to Hong Kong in in 1989.
Hong Kong Red Cross

Among the highlights is a Murray Arbeid midnight blue strapless tulle diamante star gown that the princess wore twice in 1986, to the premiere of Phantom of the Opera and to a dinner at Claridge’s in London for King Constantine of Greece. The gown is estimated to sell for between US$200,000 and US$400,000.

Another highly anticipated piece is an off-the-shoulder magenta silk and lace evening dress, designed by Victor Edelstein, that’s also estimated between US$200,000 and US$400,000. Diana wore the dress in London and in Hamburg, Germany, in 1987. Edelstein also designed one of Diana’s most famous looks—the ink-blue velvet, mermaid-style gown she wore while dancing with John Travolta at the White House.

Other garments that will be offered in the auction include a pink floral shirtdress (estimate: US$100,000-US$200,000), a Victorian revival evening gown with a fitted bodice and a Basque waist (estimate: US$100,000-US$200,000) and a two-piece yellow and navy skirt suit (estimate: US$30,000-US$50,000), all designed by Catherine Walker, one of Princess Diana’s closest collaborators.

Kurt Geiger evening shoes
Julien’s Auctions

Many of Diana’s accessories, such as shoes, handbags, and hats, will also be sold. Some notable items include a pair of Kurt Geiger emerald green satin-jewelled vamp evening shoes (estimate: US$2,000-US$4,000) and a yellow and black felted wool turban-style hat, designed by Royal milliner Philip Somerville (estimate: US$10,000-US$20,000).

A portion of the auction proceeds will benefit Muscular Dystrophy U.K. Additionally, highlights of the collection will be on view at K11 MUSEA in Hong Kong from April 18-29 and at the Museum of Style Icons in Newbridge, Ireland, from June 11-27.

“We are also delighted to bring back many of Diana’s favorite fashion ensembles to Asia and Europe that she wore on some of her highly publicised international royal appearances and humanitarian efforts, such as her Catherine Walker suit from her 1989 visit to Hong Kong,” Nolan said.



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Anglo American Rejects $39 Billion BHP Bid, Setting Up Likely Bidding War

U.K.-listed mining giant’s chairman says the proposal undervalues the company

By JULIE STEINBERG
Mon, Apr 29, 2024 2 min

LONDON— Anglo American on Friday rejected a $39 billion takeover proposal from rival BHP, saying the bid “significantly undervalues” the company and setting the stage for a potential bidding war.

London-listed Anglo American said the unsolicited proposal, which was made earlier this month and which became public this week, features an unattractive structure that is too uncertain and complex .

Anglo American Chairman Stuart Chambers said the company stands to benefit from its portfolio of assets, including copper, that are likely to experience growth from trends around the energy transition. BHP’s bid, Chambers said, is opportunistic and dilutive for shareholders.

BHP’s all-share offer valued Anglo American at about $38.8 billion, and would have been contingent upon Anglo American spinning off shareholdings in two South African-listed units. The proposal represented a premium of about 31%, not including the South African-listed units, based on Tuesday’s closing prices.

Some analysts had predicted Anglo would find the bid too low and are expecting BHP to return with another. BHP has until May 22 to make a firm offer, though the deadline can be extended. Industry participants expect other large miners to also take a run at Anglo, whose share price has dropped since 2022 as lower commodity prices have ripped through the industry.

A tie-up between BHP and Anglo American, which would be the largest mining deal on record, would illustrate the growing importance of copper, a metal essential to clean-energy products , to a sector that has long relied on Chinese industrialisation to boost profits.

Copper represents some 30% of Anglo American’s output, while BHP counts a majority stake in Chile’s Escondida, the world’s biggest copper mine, among its assets. BHP bought Australian copper-and-gold miner Oz Minerals for $6.34 billion in May last year, representing its biggest acquisition since 2011.

Copper prices are up some 15% so far this year, reflecting expectations that demand for the metal will rise as the world decarbonises and supply will be constrained. Electric vehicles and wind farms use copper in much greater quantities than gasoline-powered cars and coal-fired power stations.

Anglo American has been reviewing its assets in recent months, and has held early conversations with potential buyers for its storied De Beers diamond unit, which it values at more than $7 billion, The Wall Street Journal reported Thursday.

Activist firm Elliott Investment Management holds a stake in Anglo American worth roughly $1 billion, accumulated over several months and before BHP’s move on the miner, according to a person familiar with the matter. The firm is widely known for its campaigns to push companies for change to boost their stock prices. Its view of the Anglo American holding couldn’t be learned.

That said, a jump in Anglo American’s share price following BHP’s takeover offer indicates Elliott has already profited from its holding, potentially reducing any incentive for it to take any action until the outcome of BHP’s bid becomes clearer.

Anglo’s stock on Friday traded above the implied value of BHP’s offer, indicating the market expects a higher bid to emerge.

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