Swedish Prime Minister ousted in no-confidence vote

first_img whatsapp Tuesday 25 September 2018 11:24 am August Graham   Swedish Prime Minister Stefan Lofven lost a no-confidence vote in parliament this morning, but said he is not afraid of a re-run of September’s closely fought election. whatsapp That election resulted in a hung parliament, which led to today’s vote in which 204 of the country’s 349 MPs called for the Prime Minister’s resignation this morning, a first in the country’s history.”I think there are very few people who want another election. If it happens I am not afraid of it,” Lofven said.Having ruled for four years in a minority government, Lofven’s authority was undermined when his centre-left red-green coalition of the Greens, the Left Party and Lovfen’s Social Democrats won just 144 seats in September, only one more than the centre-right Alliance, and not enough for a majority.The Sweden Democrats, a populist anti-immigrant party, won 64 seats, giving them the balance of power as the third largest party.The party’s leader, Jimmie Akesson, vowed to overthrow any government which did not give him influence. Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndo In 2014, Lofven’s centre-left coalition gained 18 seats more than the Alliance, but again failed to win a majority. After his budget was defeated in parliament by the Alliance and the Sweden Democrats, Lofven called a new election.However, this was averted when the Alliance agreed to passively support the centre-left coalition in an unprecedented move designed to exclude the Sweden Democrats from government. Swedish Prime Minister ousted in no-confidence vote Tags: Trading Archive He said a coalition with the Alliance, which includes the Liberal and Centre parties, is unlikely, but said he might back a government led by Moderate party leader Ulf Kristersson.However, both Lofven and the Alliance have promised not to enter government with the Sweden Democrats. Speaking after the vote, Lofven said: “Now our gazes turn to the Alliance’s promise not to rule with support from the Sweden Democrats. We should remember that there are good reasons so many voters demanded that promise.”He continued: “The Sweden Democrats was founded by, among others, Nazis and members of the Swedish white power movement. Time after time their continuing ties to racist and Nazi organisations have been revealed […] But if the centre-right parties choose to rule as the smallest coalition they will be wholly reliant on the Sweden Democrats.”Lofven is expected to govern Sweden as head of a caretaker government until the newly elected speaker of the house can find a new prime minister candidate with enough parliamentary support. There is no time limit for this.last_img read more

Furlough Q&A: When will the job retention scheme end?

first_imgAs of 12 May, 7.3m jobs from more than 1m businesses are being paid through the scheme. “The real cost of this shutdown is not measured on the impact of public finances, but by the lost incomes and output in the economy.” “Generally speaking, people have been pleasantly surprised and it’s been relatively smooth.” But questions are now arising about how long the job retention scheme will last and how much the final bill will cost. The historic policy has seen the government, a Tory one no less, essentially nationalise large parts of the economy for a limited time. (Getty Images) “These payments under economic schemes are transferred from taxpayers in general to businesses. It will lead to an increase in national debt. [But] we can finance that over a long period, particularly giving to the real level of long-term interest rates. However, the Office for Budget Responsibility (OBR) estimates it will cost £49bn if it runs until June. The historic policy has seen the government, a Tory one no less, essentially nationalise large parts of the economy for a limited time. (Getty Images) Also Read: Furlough: When will the job retention scheme end? Tuesday 12 May 2020 4:03 pm How many employees have been registered for furlough? Sunak announced in the House of Commons that the scheme would be extended until October and promised furlough workers that they would not see a drop in wages until the scheme ends. The chancellor announced that the scheme would remain the same until the end of July and it will be modified for “greater flexibility” from August to October. “Employers will be able to bring furloughed employees back part time. We will ask employers to share the costs of paying people’s salaries,” Sunak said. Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic. King, who was governor during the 2008 financial crisis, told BBC Radio 4 that it should only end when the UK’s GDP returns to pre-lockdown levels. The government received wide praise for the rollout of furlough, after many expected it to be a disaster. Chancellor Rishi Sunak’s job retention scheme has won wide plaudits for helping workers stay employed via furlough during the coronavirus crisis. Save our SMEs Stefan Boscia The scheme launched on 20 April and received 67,000 applications in the hour after the portal opened. The details will be released later this month, but it is understood that the government will pay at least 50 per cent of wages beyond July and that even businesses that have not opened yet will be forced to contribute toward it. So far, the Treasury has paid out more than £10bn. A survey from the Office of National Statistics estimates that 66 per cent of companies are applying to the scheme. Former Bank of England governor Lord Mervyn King said Sunak should extend the scheme indefinitely. Furlough: When will the job retention scheme end? Tags: Coronavirus Save our SMEs How much is it costing the government? The Treasury has promised that every successful business to apply will receive payment within six days after they lodge their claim. “The high take-up of the JRS means that it is likely to be the component of the government’s coronavirus response measures with the largest fiscal cost.” The historic policy has seen the government, a Tory one no less, essentially nationalise large parts of the economy for a limited time. (Getty Images) Also Read: Furlough: When will the job retention scheme end? The historic policy has seen the government, a Tory one no less, essentially nationalise large parts of the economy for a limited time. (Getty Images) Also Read: Furlough: When will the job retention scheme end? The scheme required HMRC to create a new online portal for employers to apply for the job retention scheme. When will the job retention scheme end?  Left-leaning think tank the Resolution Foundation has given similar projections. The job retention scheme sees the government pay 80 per cent of wages, up to £2,500 a month, to workers on furlough during the coronavirus crisis. That has encouraged employers to retain staff by putting them on furlough instead of making them redundant. “Keep it at 80 per cent. I don’t think it makes sense to regard this as the major cost of the Covid-19 crisis in economic terms,” King said. Furlough has been one of the fundamental pillars in the chancellor’s economic response to the crisis and it has effectively amounted to temporary state socialism. The historic policy has seen the government – a Tory one no less – essentially nationalise large parts of the economy for a limited time and pay much of people’s wages. Sunak introduced the scheme just days before Boris Johnson put the UK into effective lockdown last month. “Workers will, through the combined efforts of government and employers, continue to receive the same level of overall support as they do now at 80 per cent of their current salary up to £2,500 a month.” whatsapp He said this would include having employers pay a portion of wages through the scheme and for part-time workers to be included in the scheme. Show Comments ▼ Julian Cox, head of employment law at City law firm BLM, said: “When the portal opened people expected it to fall on its face. The historic policy has seen the government, a Tory one no less, essentially nationalise large parts of the economy for a limited time. (Getty Images) Also Read: Furlough: When will the job retention scheme end? Resolution Foundation economist Daniel Tomlinson said: “We estimate that with take-up of between 7m and 10m over three months, the scheme could cost between £30bn and £40bn in gross terms. What is the job retention scheme? whatsapp Share The Treasury has not released its internal estimates of how much it believes the job retention scheme will cost. The historic policy has seen the government, a Tory one no less, essentially nationalise large parts of the economy for a limited time. (Getty Images) Also Read: Furlough: When will the job retention scheme end? last_img read more

Treasury Select Committee to launch HSBC tax inquiry as HMRC calls in the police

first_img whatsapp Treasury Select Committee to launch HSBC tax inquiry as HMRC calls in the police whatsapp Share Thursday 12 February 2015 10:53 am Catherine Neilan center_img The Treasury Select Committee has confirmed it will launch an inquiry into HSBC’s Swiss private bank.The committee, headed by Conservative MP Andrew Tyrie, will take oral evidence from both the bank and HMRC executives as it attempts to get to the bottom of the hot potato issue that has dominated this week.  Tyrie said: “Banks have repeatedly told the Committee that, since the crisis, they have put in place reforms to ensure they operate on the basis of sharply improved standards.  “The Committee will need reassurance that they have done so in private banking. The Committee will also examine whether part of the banks’ apparent ‘solution’ – de-risking – may have created another problem, that of unreasonably denying customers access to banking services.” Already this week the committee grilled Financial Conduct Authority chairman Martin Wheatley over the scandal.  During a pre-planned session Labour MP John Mann pushed Wheatley, questioning how it was possible that the City watchdog knew nothing about it.  HSBC has been investigated by authorities across the world, but you, as the conduct authority, in this country have not even been informed about what HMRC have been investigating for five years.    How can you possibly be working with the bank from 2013 when you don’t have full knowledge of what they’ve been doing, and another part of the government does know, but isn’t informing you? In addition, the BBC is reporting that HMRC is planning to meet with the police and the Serious Fraud Office later in the week. It has been a bruising week for HSBC since a huge cache of leaked files were published on Sunday apparently showing that its Swiss division had helped thousands of clients worldwide evade tax. During Prime Mininster’s Questions, David Cameron and Ed Miliband traded insults over who was more tainted by association with clients of HSBC’s Swiss arm.   Miliband also clashed with Conservative party treasurer Lord Fink, alleging he was involved in tax avoidance.  Fink had initially said he would sue Miliband for slander, but subsquently told the Evening Standard he had engaged in “vanilla” tax avoidance, and that “everyone does tax avoidance at some level”.  Tags: Company HM Revenue & Customs (HMRC) HSBC Holdings Show Comments ▼last_img read more

Jamaican-Born Mayor to Receive Blue Plaque

first_imgAdvertisements Jamaican-Born Mayor to Receive Blue Plaque Foreign AffairsJune 8, 2009 RelatedJamaican-Born Mayor to Receive Blue Plaque RelatedJamaican-Born Mayor to Receive Blue Plaquecenter_img FacebookTwitterWhatsAppEmail Southwark Council, in South London, United Kingdon (UK), has voted veteran Jamaican-born community campaigner and the borough’s first black Mayor, Sam King, among 10 persons and institutions to be honoured with a commemorative Blue Plaque.Mr. King was born in Portland, in 1926, and first lived in England when he volunteered to join the Royal Air Force during World War 2 and was on active service in 1944.He returned to Britain on the Empire Windrush in 1948. He became a Councillor in 1982 and was Southwark’s first black mayor in 1983. At that time, he was also the only black Mayor in Britain.Mr. King was a founding member of the Windrush Foundation and was one of the driving forces behind the first Notting Hill Carnival and the first black newspaper, the West Indian Gazette. In 1998, he received a Member of the Order of the British Empire (MBE) award, for his outstanding services to the community.Jamaican High Commissioner to the United Kingdom, Burchell Whiteman, said the Blue Plaque was a well deserved recognition for Mr. King who, thoroughout the years, has been a well respected and exceptional community activist and advocate for the rights of ethnic minorities and ordinary citizens in Southwark and the wider United Kingdom. “His autobiography is a truly inspirational work, both in content and in style,” Mr. Whiteman said.The Blue Plaque scheme in Southwark was started in 2002 by the Council and it allows residents and visitors to the borough to select persons and institutions they feel are local icons. RelatedJamaican-Born Mayor to Receive Blue Plaquelast_img read more

Diaspora Advisory Board Members Preparing for January Meeting

first_imgDiaspora Advisory Board Members Preparing for January Meeting Foreign AffairsJanuary 7, 2010 RelatedDiaspora Advisory Board Members Preparing for January Meeting Advertisements FacebookTwitterWhatsAppEmail Diaspora advisory board members in the United Kingdom (UK), the United States (US) and Canada are working together to put forward a united position on a range of issues to be discussed at the Jamaica Diaspora Board meeting in Kingston on January 28.UK advisory board representative, Celia Grandison Markey, told JIS News that the representatives in the three regions have been working in unison, with frequent conference calls, to ensure that they are “singing from one voice”, to enhance their influence.She said that the representatives have agreed on a number of areas that they wanted the parliamentary committee on Diaspora matters to consider. These, she said, include the issues of deportation and the proposal for the appointment of a Senator to represent the Diaspora.“We feel that the Diaspora should be involved in the election of the Senator and we want to be involved in the process,” she stated, adding that the members were also concerned about the terms under which Jamaicans are being deported from the UK, US and Canada and the duties and rates imposed on goods shipped to the island.Mrs. Grandison Markey said that the Diaspora representatives also want the January board gathering to be held over two days to allow for a planning meeting for the 2010 Diaspora Conference in June, and to properly deal with other issues from the Diaspora.A Joint Select Committee of the Houses of Parliament on Diaspora Affairs was established in May, 2009, with a mandate to undertake broad public consultations with a view to initiating and guiding a national approach, strategies, and policies on Diaspora matters. The committee is scheduled to meet later this month.center_img RelatedDiaspora Advisory Board Members Preparing for January Meeting RelatedDiaspora Advisory Board Members Preparing for January Meetinglast_img read more

U.S. President Biden Announces Key Members of his Health and Human Service, Education, and Veterans Affairs Teams

first_imgU.S. President Biden Announces Key Members of his Health and Human Service, Education, and Veterans Affairs Teams The White HouseWASHINGTON – Today, President Joe Biden named several key hires to the Department of Health and Human Services, Department of Education, and the Department of Veterans Affairs. Chiquita Brooks-LaSure will serve as the Administrator for the Centers for Medicare and Medicaid Services (CMS), James Kvaal will serve as Under Secretary of Education, and Richard Sauber will serve as General Counsel for the U.S. Department of Veterans Affairs (VA). As tested and experienced leaders, these new appointees will help advance President Biden’s Build Back Better agenda and build a stronger, more resilient, and more inclusive nation that delivers every American a fair opportunity and an equal chance to get ahead.The following White House announcements were made today:Chiquita Brooks-LaSure, Administrator, Centers for Medicare and Medicaid ServicesChiquita Brooks-LaSure is currently Managing Director at Manatt. A former policy official who played a key role in guiding the Affordable Care Act (ACA) through passage and implementation, Brooks-LaSure has more than 20 years of experience in health policy. She previously served as deputy director for policy at the Center for Consumer Information and Insurance Oversight within the Centers for Medicare & Medicaid Services and as director of coverage policy at the Department of Health & Human Services, where she led the agency’s implementation of ACA coverage and insurance reform policy provisions.James Kvaal, Under Secretary of EducationJames Kvaal is the president of the Institute for College Access & Success. He previously served as the deputy domestic policy adviser in the Obama-Biden White House, where he worked on a range of issues related to economic opportunity and education. His work on higher education included initiatives to make college tuition more affordable, protect students from unaffordable loans, and help more students graduate from college. Over the course of his career, he has also served in senior roles at the U.S. Department of Education, the U.S. House of Representatives, and the U.S. Senate. Kvaal has taught at the University of Michigan’s Ford School of Public Policy and attended Stanford University and Harvard Law School.Richard Sauber, General Counsel, U.S. Department of Veterans AffairsDick Sauber is a skilled litigator who has tried dozens of criminal and civil fraud cases. Before entering private practice, Sauber was a federal and was appointed by President Reagan to form and lead the first multi-agency task force to concentrate on pursuing fraud in government contracts. In his career, Sauber has tried jury cases in New York, Washington, California, Texas, Florida and Oklahoma, and his appellate work includes arguing cases before the Supreme Court and ten of the U.S. Courts of Appeals. Sauber is an adjunct professor at Georgetown Law School and has served as general counsel for Freedom House and on the board of directors for Children’s Hospital in Washington, D.C. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:america, california, Department of Health, Florida, Georgetown, Government, Human Services, Michigan, New York, Oklahoma, Stanford University, Supreme Court, Texas, United States, University of Michigan, veterans, Washington, White Houselast_img read more

STEM Equity Monitor shows increase in women’s participation

first_imgSTEM Equity Monitor shows increase in women’s participation Women’s participation in science, technology, engineering and mathematics (STEM) is increasing, both in the workforce and universities, according to the 2021 edition of the Australian Government’s STEM Equity Monitor.The new data shows an increase in women working in STEM-qualified industries, with women now comprising 28 per cent of workers – up from 24 per cent in 2016.Similarly, the proportion of women studying STEM reached the highest proportion since at least 2015, with women making up 36 per cent of Australian university STEM enrolments in 2019.Minister for Industry, Science and Technology Christian Porter said while the signs were encouraging, the data shows there was clearly still significant work to be done.“Australian industry and innovation rely on a flourishing STEM workforce, which is why the Australian Government is committed to further increasing women’s participation and creating more opportunities to thrive in the sector,” Minister Porter said. “To date the Australian Government has committed more than $100 million in funding to increasing women’s participation in STEM and entrepreneurship, through activities such as the Women in STEM Ambassador initiative, the Girls in STEM Toolkit, and the Women in STEM and Entrepreneurship grants.“The STEM Equity Monitor allows us to measure and understand the impact of our investments, and make sure we’re travelling in the right direction to achieve gender equity across STEM in the long term.“These results from the STEM Equity Monitor, another year on, give us a tool to see trends and measure if our programs are working in bringing more women into STEM study and the STEM workforce.”First launched in March 2020 as part of the Morrison Government’s Advancing Women in STEM 2020 Action Plan, the STEM Equity Monitor brings together multiple data sets from across government to form a comprehensive and interactive view of girls’ and women’s participation across STEM, from primary school through to the workforce. Updates will be released annually for a ten year period until 2029, alongside additional commissioned data reports.The 2021 STEM Equity Monitor report and interactive data sets are available at www.industry.gov.au/stemequitymonitor. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Ambassador, AusPol, Australia, Australian, Australian Government, Australian industry, Engineering, gender equity, Government, innovation, mathematics, Morrison, Morrison Government, stem, technology, university, womenlast_img read more

CU Leeds School Of Business To Host Accounting Conference April 12-14

first_imgThe University of Colorado at Boulder Leeds School of Business will host an accounting conference featuring speakers from the Financial Accounting Standards Board and the University of Pennsylvania Wharton School of Business April 12-14. The conference, at Cross Creek Resort in Frisco, Colo., will examine the importance of accounting and tax information in decisions made by investors and managers. Katherine Shipper, a member of the Financial Accounting Standards Board and a former professor at Duke University, will be the keynote speaker. Accounting faculty and doctoral students from the Leeds School of Business will attend the conference. Other attendees include faculty from Harvard University, Ohio State University, University of California, University of Michigan and University of North Carolina. “We are excited about this opportunity to explore the latest issues in accounting research with some of the best accounting scholars in the country,” said Barry Lewis, a Leeds School of Business accounting professor. “We intend to develop this conference into one of the premier forums for innovative research that focuses on the important role that accounting plays in the efficient functioning of our capital markets and in the management of business enterprises.” The accounting conference is one of many activities by the Leeds School of Business that supports the school’s focus on connections between business and society. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: April 7, 2002 last_img read more

CU’s Walk-In Flu Cases Continue to Decrease

first_imgUniversity of Colorado at Boulder health officials today reported that for the third week they are seeing fewer cases of students with flu-like symptoms at Wardenburg Health Center. The number of students seen in the clinic with flu-like symptoms since Aug. 1 is 581.The number includes students living both on and off campus. It does not include students who have been seen by an off-campus health care provider or those who called to talk with a nurse on the phone. The university has scaled back its Type A influenza testing, testing only students who meet high-risk criteria or who are hospitalized. To date, two students have been hospitalized and both have recovered from their flu symptoms.According to officials, while the number of cases at CU appears to be going down, there are ongoing infections around Boulder County and H1N1 is widespread across the state.”We continue to advise people with risk factors — pregnant women, people with asthma, diabetes, heart conditions, immuno-compromising conditions, kidney or liver diseases –or worsening influenza symptoms to seek medical attention right away,” said Dr. Pamela Talley, lead physician for medical clinics at Wardenburg. “Those without risk factors or worsening flu symptoms should stay home and call their medical provider to discuss treatment.”CU-Boulder is coordinating with state and county health agencies on future vaccination clinics. When the vaccine becomes available, Wardenburg Health Center will hold a series of H1N1 vaccination clinics with high-risk populations receiving the first vaccinations.”While we wait for distribution of the H1N1 vaccine, we encourage people — especially those with high risk factors or those who live in close household contact with at-risk persons — to get the seasonal flu vaccine early. It’s already available at many pharmacies, grocery stores and doctors’ offices,” said Talley.For students in high-risk categories, CU-Boulder will offer seasonal flu vaccinations on Wednesday, Oct. 14, and Thursday, Oct. 15, from noon to 4 p.m. in the west solarium of Wardenburg Health Center. These clinics will operate on a walk-in basis for students in high-risk categories only. The seasonal flu vaccine is fully covered for those with the Student Gold Plan health insurance and costs $20 for students without coverage.Students living in the residence halls who have flu-like symptoms are urged to stay in their residence hall rooms, not to enter large-group settings until at least 24 hours after any fever has ended (without the aid of fever-reducing medications), and report flu-like symptoms to their hall director or resident adviser. Housing and dining staff will deliver kits including food items and surgical masks to residents who report flu-like illness. Community Health information tables have been provided at dining facilities during meal times to encourage good hygiene practices and to answer questions that students have about the flu.Students who think they may have symptoms related to H1N1 may call the Wardenburg Health Center nurse line at 303-492-3435 on Monday through Thursday from 8 a.m. to 6 p.m., Friday from 8 a.m. to 5 p.m. and Saturday from 9 a.m. to 2 p.m. Parents with H1N1 concerns can call Parent Relations at 303-492-1380.The CU-Boulder H1N1 Flu Web site has information on measures to prevent and manage influenza-like illness at www.colorado.edu/safety/h1n1.Wardenburg Health Center has posted recommendations on protecting against and treating influenza on its Web site at www.colorado.edu/healthcenter/infectiousdisease.html. There also is a link on “What to Do When We Are Closed” at www.colorado.edu/healthcenter/aboutus/closed.html.The Centers for Disease Control and Prevention recommendations for institutions of higher education are posted at www.cdc.gov/h1n1flu/institutions/guidance. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Oct. 2, 2009 last_img read more

Back-to-Back Auctions Realize $5.5M: It’s Time to Consign!

first_img Previous articleRiondo Rosé Prosecco Doc Arrives on New Year’s DayNext articleA Sparkling First for California’s Angels & Cowboys  Press Release TAGSZachys Advertisement Pinterest Share Facebook Advertisement14 December – On Wednesday, the evening of December 9th, Zachys President Jeff Zacharia took the podium to commence Pioneers I, a 338-lot single-owner sale. The sale flew by, taking under two hours, but not before selling every lot and beating its pre-sale estimate by nearly 50%, realizing a grand total of $2.3 million!In Pioneers I, right bank Bordeaux was top dog, especially Petrus, which occupied the top four lots with a three-way tie for first place amongst them at $47,120. DRC wasn’t far behind though with a 6-pack of 1999 Montrachet netting $42,160. DRC managed to net a combined total of $379,580. The Cheval Blanc section of this sale was the true highlight however; in 63 lots, this parcel-dense section containing all the best vintages of the Chateau realized a whopping $447,392!Top Five Lots Pioneers IThe following day, Zachys kicked off the 2020 Holiday Auction. This 669-lot session ended at 98% sold and a price realized of $3.2 million: 35% above the projected low estimate. The star of the show was the stellar collection of Lafite Rothschild dating all the way back to 1806, with vintages not even featured in the 2019 Lafite Auction (not to mention three bottles of Lafite Blanc)! These 83 lots brought in a combined $475,416. For the entire sale, Lafite would go on to bring in $537,044. The 1811 Lafite did manage to crack the top ten at $37,200 but looking at sheer prince realized: DRC was the winner grabbing the top seven lots and raking in a sale total of $622,356. The Hong Kong style spirit section at the end of the sale also had some notables, with a 30-year old Hibiki netting $4,219 and a slew of Pappy Van Winkles going for a total of $11,160!Top Ten Lots 2020 Holiday AuctionZachys President Jeff Zacharia had this to say, “It was a privilege to bring both of these sales to fruition: the collection of a longtime friend of the firm and our annual Holiday auction; both were an incredible success! We’d like to thank each and every one of our bidders and consignors who’ve participated in our auctions this year, as well as the entirety of the Zachys staff for making all of this continued success possible. Though it may seem far and away now, our next big auction is just around the corner in the new year with La Paulée. Happy holidays and new year to all, we look forward to seeing you in 2021!”We’ve already started bringing in consignments for the new year, so take advantage of this hot market and email [email protected] now.center_img Home Industry News Releases Back-to-Back Auctions Realize $5.5M: It’s Time to Consign!Industry News ReleasesWine BusinessBack-to-Back Auctions Realize $5.5M: It’s Time to Consign!By Press Release – December 14, 2020 165 0 ReddIt Email Linkedin Twitterlast_img read more