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☆ 'Quiet wealth' takes on new meaning with super-private deals for mansions, art and classic cars
  + stars: | 2024-05-17 | by ( Robert Frank | ) www.cnbc.com   time to read: +6 min
While public auction sales are declining in the art world, private sales — done behind closed doors between discreet buyers and sellers — are growing. Classic cars are also seeing a shift to private sales, especially with the most expensive and rare models. But its newly formed RM Sotheby's private sales division has seen its sales more than quadruple over the past four years, according to Shelby Myers, global head of private sales for RM Sotheby's. The rise in private sales for classic cars, art, real estate and other markets is being driven by social media, technology and cooling prices for collectibles. "They're leaving money on the table," said real estate broker Noble Black of Douglas Elliman.
Persons: Robert Frank, Phillips, Christie's, Mark Rothko, Ken Griffin, Ferraris, Shelby Myers, We've, Myers, Patrick Dovigi's, Steve Wynn, Thomas Peterffy —, Douglas, Ernie Carswell, Carswell, He's, Noble Black, Douglas Elliman Organizations: Christie's, CNBC, Sotheby's, Hamptons, Malibu , Bel Air, Beverly Locations: Sotheby's, Christie's, Manhattan, Malibu, Aspen, Palm, Manhattan's Greenwich, Palm Beach, Los Angeles, New York, Eastern, Palm Springs, Malibu ,
☆ What are retail shrink and organized retail theft, and why do companies keep talking about them?
  + stars: | 2023-05-31 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com   time to read: +9 min
watch nowFor several years, the terms shrink, retail crime and organized retail theft have echoed from the mouths of politicians, police officers, trade groups and the country's most prominent retail executives. And how does it differ from retail crime and organized retail theft? The companies polled for the survey estimated that retail theft accounted for 37% of those losses, employee or internal theft 28.5% and process and control failures 25.7%. The NRF defines organized retail theft as the "large-scale theft of retail merchandise with the intent to resell the items for financial gain." The line between organized retail theft and shoplifting can be murky, but they are distinctly different.
Persons: Lindsey Nicholson, It's, Lisa LaBruno, Manhattan DA Alvin Bragg, Barry Williams, John Willis, Willis, let's, Willie Carswell, he's, He's, Carswell, Tim Boyle Organizations: Trade, CNBC, Universal, Getty, National Retail Federation, Security Investigations, Retail Industry, Association, Manhattan DA, New York Daily, Homeland Security Investigations, eBay Locations: Queens , New York, New York, Manhattan , New York, New, Charlotte, Niles , Illinois
☆ EXCLUSIVE Brands blast Twitter for ads next to child pornography accounts
  + stars: | 2022-09-28 | by ( Sheila Dang Katie Paul | Sheila Dang | Katie Paul | ) www.reuters.com   time to read: +9 min
"Either Twitter is going to fix this, or we'll fix it by any means we can, which includes not buying Twitter ads." Twitter's challenges in identifying child abuse content were first reported in an investigation by tech news site The Verge in late August. Like all social media platforms, Twitter bans depictions of child sexual exploitation, which are illegal in most countries. Ghost Data identified the more than 500 accounts that openly shared or requested child sexual abuse material over a 20-day period this month. Twitter suspended over 1 million accounts last year for child exploitation material, according to the company's transparency reports.
☆ Exclusive: Brands blast Twitter for ads next to child pornography accounts
  + stars: | 2022-09-28 | by ( Sheila Dang Katie Paul | Sheila Dang | Katie Paul | ) www.reuters.com   time to read: +9 min
"Either Twitter is going to fix this, or we'll fix it by any means we can, which includes not buying Twitter ads." Twitter's challenges in identifying child abuse content were first reported in an investigation by tech news site The Verge in late August. Like all social media platforms, Twitter bans depictions of child sexual exploitation, which are illegal in most countries. Ghost Data identified the more than 500 accounts that openly shared or requested child sexual abuse material over a 20-day period this month. Twitter suspended over 1 million accounts last year for child exploitation material, according to the company’s transparency reports.
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