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1962 Ferrari Auctioned For $51.7 mn In New York

Published

6 months ago

November 14, 2023

A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby’s said.

The bright red roadster had been the property of an American collector for the past 38 years, and its auction price was surpassed only by that of a Mercedes 300 SLR Uhlenhaut Coupe that went for 135 million euros in 2022, the auction house said. That would be $144 million at today’s exchange rate.

The 250 GTO went on sale Monday evening after a few minutes of bidding in the auction room, but at a price lower than the more than $60 million expected by RM Sotheby’s, the luxury car subsidiary of the auction house.

Sotheby’s did not identify the winning bidder.

Dating from 1962, the legendary Scuderia sports car — chassis 3765, four-liter engine developing 390 horsepower — had finished second in a race of 1,000 kilometers (620 miles) on the German Nurburgring circuit, as well as in the legendary 24 Hours of Le Mans, where the team had to withdraw due to engine failure, according to RM Sotheby’s.

After several years of competition on the Italian mainland and in Sicily, the car was sold and exported to the US in the late 1960s.

Restored and modified, the 250 GTO changed American owners several times before ending up in the hands of an Ohio “dedicated collector” in 1985, who sold it on Monday.

“This stunning GTO offers its next caretaker further touring and vintage racing enjoyment, or display at major concours d’elegance and marque gatherings worldwide,” Sotheby’s said.

The Mercedes 300 SLR Uhlenhaut Coupe that fetched 135 million euros in 2022 was one of only two examples of the sport car. It sold at a confidential auction at the German manufacturer’s museum in Stuttgart and was the most expensive car ever sold worldwide, whether at auction or privately, a RM Sotheby’s spokesman told AFP.

This week, New York auction houses Sotheby’s and Christie’s conclude their autumn season of art sales, which have not been affected by hard times and have raked in hundreds of millions of dollars since November 7.

Christie’s, which on Thursday sold Claude Monet’s “Le bassin aux nymphéas” (“Water Lily Pond”) for $74 million and three paintings by Paul Cezanne for $53 million, reported a total of $864 million by late Monday.

Competitor Sotheby’s, which closes its New York sales on Thursday, sold Pablo Picasso’s “Femme à la montre” (“Woman with a Watch”) on Wednesday for $139 million, the second-highest amount ever achieved for the Spanish master, who died 50 years ago.

Sotheby’s followed that sale on Monday with a Cezanne — “Peupliers au bord de l’Epte, temps couvert” (“Poplars on the banks of the Epte, overcast”) — to an Asian collector for $30.7 million.

An 1892 Monet, “Le Moulin de Limetz” (“The Mill at Limetz), in the same American family for 130 years, sold for $25.6 million.

And finally, American painter Mark Rothko broke his record for works on paper: “Untitled” was bought by an anonymous bidder in the room for $23.8 million.

The market is driven by China and Asia and shows no signs of slowing down, according to Sotheby’s, despite a tense international context.

“Whatever happens in the financial markets, a car of this caliber is a collector’s item, a once-in-a-lifetime opportunity,” Michael Caimano of RM Sotheby’s told AFP before the car sale, comparing the Ferrari to a work of art that “can be touched, felt and heard.”

Headline

‘You’re Guilty’ – Judge Roars, Jailed UK-based Nigerian Pastor, Wife 34 Years For Raping, Assaulting Members

Published

9 hours ago

May 14, 2024

Editor

A Nigerian pastor, Michael Oluronbi and his wife Juliana, have been sentenced to jail for 34 years in the UK after Oluronbi was found guilty of sexual offences against six women and a man.

He abused children and adults for over 20 years after convincing the victims to take part in “spiritual bathing to cleanse them of evil spirits.”

Olurnobi was jailed for 34 years for offences of multiple rapes of members of his congregation.

He was convicted of “fifteen counts of rape, seven counts of indecent assault and two counts of sexual assault and at least 88 separate occasions on which he raped his victims.”

Birmingham Crown Court heard that some of the victims became pregnant multiple times, but Olurnobi would take them to abortion clinics, as a cover-up for the abuse.

His wife was jailed for 11 years for three counts of aiding and abetting rape, as she assisted Olurnobi in arranging abortions for the victims.

Both defendants will be required to sign the sex offenders’ register for life.

Oluronbi was linked to a Christian church in Edgbaston, Birmingham, the Cherubim and Seraphim Church, whose roots were in Nigeria. He had set up his own splinter group at another address and from where he began the “spiritual bathing.” The jury heard how the offences took place in Birmingham and London.

Sentencing “arrogant” Oluronbi on Friday, Judge Buckingham said: “You claimed that God was instructing you to conduct holy baths. Its real purpose was to fulfil your insatiable sexual appetite. The children feared you and this enabled you to continue your grip. Your offending has had an extreme and severe impact on all of your complainants. Any attempt to suggest otherwise would be without foundation. You abused your position of trust – they trusted you like God.”

The judge continued: “You did this because you are an arrogant, selfish and vain man. In my judgment, your offending must be one of the worst cases of sexual abuse of multiple children to come before the courts.”

When confronted about his offences, Oluronbi said “The devil made me do it”.

Phil Bradley QC, prosecuting, told the jury:

“The Crown’s case is that Mr Oluronbi used what he called ‘spiritual work’ as a subterfuge for that sexual abuse. The main tactic he employed was to claim that God had instructed him to administer ‘holy baths’ to some of his congregation in order to ‘cleanse’ them and protect them from evil influences. That activity began when his victims were children. There can be no doubt that its real purpose was to serve his sexual gratification.”

He added that for some of the female victims the offending “progressed to repeated rapes, on many occasions leading to unwanted pregnancies and terminations”.

“You will learn that this man, who was revered and feared by his victims, kept a vice-like grip on many of them and continued to abuse them well into adulthood.”

The victims described him as “controlling” and “almost like a king”.

Oluronbi was arrested in May 2023, at Birmingham Airport while trying to leave the UK for Nigeria.

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Lady Arrested For Allegedly Harassing, Cyberstalking Crown Prince Of Benin Kingdom [VIDEO]

Published

10 hours ago

May 13, 2024

Editor

Cynthia Morgan has been arrested for allegedly persistently harassing and cyberstalking His Royal Highness, the Crown Prince of the Benin Kingdom. Prince Ezelekhae Ewuare.

According to a lawsuit filed by his team of lawyers, the singer, also known as Madrina, has been desperately trying to reach the Prince and trailing him on his work days.

Frustrated at not meeting him, she allegedly began publishing lies and defamatory statements against him on Instagram from 2020 to date.

According to the court documents, the Crown Prince filed a suit against her, warning her to desist from defaming him, but she ignored all his warnings.

She is also alleged to have attempted to contact him through various phone lines, which he immediately blocked.

She allegedly succeeded in reaching him via phone call on May 3rd, 2024, and began making statements that seemed to come from a place of delusion.

Screenshots of chats allegedly sent by the singer to the Prince have also been released.

A video shared online shows Cynthia being led by men suspected to be police officers out of her home.

Recall that in November 2023, Cynthia publicly accused the Crown Prince of bewitching her and physically assaulting her to prevent her from marrying someone else.

The Crown Prince responded to these allegations on his Instagram story, announcing his intention to file a lawsuit against Cynthia.

At the time, the singer doubled down and shared images of her and the Prince from 2018.

She then promised to share her side of the story.

Watch the video below.

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$2.5bn Fraud: EFCC To Collaborate With UK Prosecutors In Diezani’s Case

Published

20 hours ago

May 13, 2024

Editor

There were signs over the weekend that the Economic and Financial Crimes Commission plans to join forces with the United Kingdom prosecutors as an interested party in the trial of former Petroleum Minister, Diezani Alison-Madueke, in a UK court.

A team from the anti-graft commission is expected in London to initiate this process by filing relevant documents, the Nation reports.

According to a source privy to the information, the EFCC intends to share its findings and the Abuja high court’s forfeiture order concerning Diezani’s $2.5 million properties and vehicles with the UK court.

“This country may not be able to retrieve questionable assets from Diezani if the EFCC does not file an application as an interested party. We have received an advisory on this important bend to Diezani’s trial and we will be part of the case in the UK. A team will leave for London any moment from now to explore legal opportunities and file necessary papers as an interested party.

“The overall aim is for Nigeria to benefit from Diezani’s trial, especially the recovery of all assets linked to funds looted in this country. The EFCC has sufficient evidence against Diezani, including a court order on the former minister’s $2.5 million homes and cars.

“In another case, a former chairman of EFCC confirmed that the commission recovered $153 million and secured the final forfeiture of over 80 properties in Nigeria valued at about $ 80 million. The allegations against Diezani by the EFCC border on the alleged stealing of about $2.5 billion from Nigeria’s coffers as a minister.” the source said.

The source continued, “It is necessary for this nation to rise to the occasion because, in March 2023, the NCA also provided evidence to the US Department of Justice that enabled them to recover assets totalling $53.1 million linked to Mrs. Alison-Madueke’s alleged corruption.

“Like the P&ID case, the EFCC has sufficient evidence to pull through a case against Diezani. We want all stolen, diverted and questionable assets back in the custody of Nigeria for the good use of our citizens.I think the EFCC is collaborating with the NCA in the UK on this.

“It is also unclear if the UK court will ask Diezani to return to Nigeria to serve prison terms if convicted. This is why we also need to be an interested party in the case in the UK.”

Last year, the Head of the NCA’s international corruption unit, Andy Kelly, said the “charges are a milestone in what has been a thorough and complex international investigation”.

“Bribery is a pervasive form of corruption, which enables serious criminality and can have devastating consequences for developing countries.

“We will continue to work with partners here and overseas to tackle the threat.”

Diezani is currently facing trial at the Southwark Crown Court in the UK over an alleged £100,000 bribe.

The National Crime Agency alleged that Diezani could have received benefits worth at least £100,000, including cash, chauffeured cars, private jet flights, luxury family vacations, and multiple London properties.

On October 2, 2023, a Magistrate Court granted bail to the former Minister for £70,000, considering her a potential flight risk.

The trial proceedings for Diezani’s case are scheduled to commence in November 2025.

In October 2023, the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, submitted a warrant of arrest and request to the Crown Prosecution Services of the United Kingdom for the urgent extradition of a former Minister of Petroleum, Diezani Allison-Madueke.