February 13, 2014 |
Shares of Tesla Motors crossed the $200 barrier Thursday before falling back, but still closed at a record level for the upstart automaker. The electric car company's closing price of $199.63, a gain of $4.31, or 2.2%, from the previous day, gives it a market value of $24.5 billion. Put another way, it is worth about $1.1 million for each of the 22,450 Model S cars it sold last year. The cars sell for $70,000 to $100,000, depending on options. The market value of General Motors Co. is about $56 billion, or about $5,200 for each of the 10.7 million cars it sold globally last year. “Tesla is not something that should be compared to a conventional car company,” said Craig Irwin, an analyst with Wedbush Securities.
February 14, 2008 |
A Russian businessman paid a record price Wednesday for an 18th century violin that had not been played in public for more than 70 years. Maxim Viktorov, who bought the instrument by master violin maker Giuseppe Guarneri, paid "well in excess" of the previous world auction record for a musical instrument of $3.54 million, auction house Sotheby's said. It said Viktorov bought the violin privately, and did not disclose the price. Viktorov promised that the instrument, dating from 1741 and at one stage owned for 15 years by Belgian composer Henri Vieuxtemps, would now be played regularly in public.
December 11, 2002 |
A leaded-glass lamp designed by Frank Lloyd Wright has been sold for just under $2 million, a record for a Wright piece at auction, Christie's auction house said. The lamp, created around 1903 for the Susan Lawrence Dana House in Springfield, Ill., was acquired Tuesday by a telephone bidder who wished to remain anonymous. The double-pedestal lamp, designed in shades of green, yellow and amber, was one of a pair of lamps that stood in the library of the house, which was also designed by Wright.
April 15, 2006 |
The Ritz-Carlton Laguna Niguel is on the market and may fetch a record price for an Orange County hotel, industry observers said. Its owner, Chicago-based investor Strategic Hotel Capital, is selling off its assets, including the Dana Point property and the Park Hyatt in San Francisco, said hotel consultant Alan Reay of Atlas Hospitality. The sellers hope to get close to $400 million for the 393-room hotel, according to Commercial Real Estate Direct, a real estate news service. -- Roger Vincent
January 7, 1987
The top price at dockside auctions was $7.95 a pound for scallops, which have been in short supply because of rough weather and holiday demand, said fisheries specialist Paul Swain. He estimated that the scallops would retail at about $9.50 a pound. The old record, $7.86, was set Friday and the previous high, $7.75, was recorded in October and December, 1983. The 1986 high was $7.60, paid Dec. 17.
May 14, 2009 |
Artist David Hockney's 1966 painting "Beverly Hills Housewife" sold for a record $7.9 million at a New York City auction after fierce bidding Wednesday, a sign collectors are eager to buy rare and high-quality works despite the recession, the Christie's auction house said. That shattered the artist's previous record of $5.4 million for "The Splash," sold in 2006 at Sotheby's. A Claes Oldenburg sculpture "Typewriter Eraser," from 1976, also set a record, selling for $2.2 million at the auction.