Tag: auction

Romania’s government is set to auction confiscated cryptocurrency for first time

Romania’s National Agency for the Management of Seized Assets will auction off small amounts of Bitcoin and Ether — a first in the country’s history. 

The auction’s cryptocurrency was confiscated from a fraud case. In the auction, 0.97 of ETH will start at 1,670 Romanian lei ($403 USD) and 0.6 BTC begins at 30,535 lei ($7,382.56 USD).

Bidders must be a legal entity, company with “know your customer” procedures, and meet Romania’s requirements of financial laws to fight money laundering. The winning bidder must also provide data on addresses associated with cryptocurrency exchange. 

Romania is not the first country to hold a state-run auction on cryptocurrency used in financial crimes.

In February of 2020, the United States Marshal Service auctioned 4,040 bitcoins ($37 million worth) that were confiscated through various federal criminal, civil, and administrative proceedings, as previously reported.

UK police auctioned off £300,000 ($369,000) of criminally seized Bitcoin, Ethereum, XRP, and Bitcoin SV on Sept. 26, 2019.

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Pikes Peak Historical Society announces online auction | Pikes Peak Courier

Each fall, the Pikes Peak Historical Society holds an auction as its major fundraising event of the year. This year, due to Covid restrictions, the auction is being conducted online. The auction will go live on the PPHS website, pikespeakhsmuseum.org, just look for the auction icon that will take you to the auction site. Once there, everything is self-explanatory.

“We are looking for services, gift certificates, trips, guided tours, handmade quilts, craft items, artwork, and cash donations are always welcome,” said Kathy Perry, an event organizer.

Incorporated in 1988, PPHS is among the largest nonprofits in Teller County, with almost 500 members. Over 99% of the annual revenue is applied toward the museums and various programs.

PPHS owns and operates two museums: The Pikes Peak Historical Society Museum, at 18033 Teller County Road 1 across from the Florissant Post Office; and the Schoolhouse Museum located at Teller County Road 31 and Wildhorn. PPHS volunteers also manage the historic Florissant cemetery on behalf of Teller County and present free educational programs.

The organization installed sandstone signs for the town of Florissant and built an informational kiosk on the east side of town. All programs are done without taxpayer money. They are funded by donations, memberships, grants and the generosity of citizens.

With pandemic concerns, they have been unable to reopen the museums, but the cost of upkeep continues, which is why it was decided to hold the annual auction on line.

The auction will go live Oct. 23 to view all items. Bidding will begin at 10 a.m. Oct. 24 and run through 7 p.m. Oct. 28.

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Portsmouth Historical Society’s online art auction ends Oct. 7 – News – seacoastonline.com

PORTSMOUTH — Only days remain to bid on more than 100 works by regional artists in the Portsmouth Historical Society’s “Jubilee” art auction that ends at 6 p.m. Oct. 7.

Half the proceeds support Discover Portsmouth and the John Paul Jones House Museum while the other half goes directly to 50 contributing artists. The online auction offers an array of paintings, many featuring familiar scenes, plus handcrafted jewelry, sculpture, woodworking and clothing.

“Buyers take home a treasured original new work of art while supporting its talented creator and the city’s 100-year-old historical society,” said PHS Executive Director Brian LeMay.

This year’s fall auction lets bidders join via a special online platform. BiddingForGood is a charitable e-commerce company designed to connect fundraisers, cause-conscious shoppers and socially responsible businesses. A desktop or laptop computer is the best way to view the gallery.

Art lovers can reach the auction via the PHS website, PortsmouthHistory.org. Bidding instructions are included. Each item has an opening bid minimum, description of the artwork and added details about the artist. The auction software also features a “Buy Now” button for those who can’t wait to own a favorite item.

“We’ve already had three exciting buy-out sales,” said development associate Joyce Tucker, who prepared the auction with Beth Jefferson and the 2020 Jubilee Committee. Tucker said the buy-out bidders purchased a pair of handcrafted silver and pearl earrings, an intricate piece of woven art titled African Necklace, and a colorful woven cotton rug named Splash of Color. Tucker said buyers who wish to see specific works “up close and personal” may email her at joyce@Portsmouthhistory.org or call (603) 570-2492 for a private viewing.

“Art, culture and history define Portsmouth,” LeMay said, “and this year both our artist community and our local nonprofits have been hit hard financially by the pandemic.”

This year’s exhibition, “Threads 2020,” highlights an array of contemporary and historical hand-sewn quilts in three galleries on two floors of Discover Portsmouth. Two giant “Community Quilts” created from swatches made by society fans during the ongoing pandemic have recently gone on display.

Despite hard times and social distancing, welcome center visitors have been blown away by “Threads,” according to Discover Center staff and volunteers. The 2020 exhibition – including George Washington’s bedspread and a stunning 1876 Centennial Quilt loaned by New Hampshire resident and documentary filmmaker Ken Burns – continues through Nov. 9.

“It’s been a very tough year for corporate sponsorships, particularly from small, local businesses, which have traditionally been our bread-and-butter,” said exhibition manager Meredith Affleck. “That’s why our Jubilee auction, donations, new memberships and museum shop sales are so important. Despite it all, we’re extremely proud of the work we’ve accomplished and the wonderful response from the community.”

“The art of today becomes the exhibition inspiration for tomorrow,” said PHS development director Judy Loto. “Portsmouth simply would not be Portsmouth without its arts community. And this is a perfect chance to own a piece of it.”

“Threads: A Community Quilt for 2020” is open at

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