Tag Archives: dollar

Goldie’s painting stolen during the Waikato heist was worth ‘over $ 1 million’ | Instant News


New Zealand artist CF Goldie’s Sleep ’tis a Gentle Thing’ was stolen along with many other unique works of art and antiques. Photo / NZ Police

A major seller of Goldie’s paintings in the country said a piece depicting a late Māori rangatira reportedly stolen today would be worth more than a million dollars.

The Waikato police are looking for information regarding the robbery, including a painting titled Sleep ’tis a Gentle Thing, by Ngāti Maru and chief Ngāti Paoa Hori Pokai, by New Zealand artist Charles Frederick Goldie.

Police believe it occurred in the Hamilton East area between 27 December 2020 and 3 January 2021.

Other artwork and antiques were stolen, including Koch & Bergfeld’s tableware.

Goldie’s most expensive piece, A Noble Relic of a Noble Race, from chief Ngāti Manawa Wharekauri Tahuna, sold for $ 1,337,687 at an International Arts Center auction in Auckland in 2016.

Director Richard Thomson said he sold another version of the stolen painting in 2008 for a record price of $ 454,000.

“So that’s a million dollars plus artwork that’s on the market today. I’ve sold dozens of Goldies, and it’s a really good example of his work, it has all the advantages.

“I’m quite annoyed [the burglary]. This is a very important national treasure. The owner is the keeper, but the country owns it, really. “

The stolen painting was most likely done between 1933 and 1938, when Goldie was in his sixties.

While Goldie’s previous work tends to fetch the highest price, Thomson says the 2016 record was set in 1941.

Despite his high ratings, Thomson said he thought it would be “worthless” in the hands of the thief.

“There is absolutely no market for it now in the wrong hands. It’s a stupid thing to do and all they’ll get is bad karma.

“My advice is to come back as quickly and safely as possible.”

Webb auction house art chief Charles Ninow said another version of the painting was sold, at a different auction house, in 2012 for $ 280,000.

He believes in today’s market it will be worth “easily over $ 500,000”.

“I remember selling it at a higher than average price, but the market has since been wild for Goldie. His art is just one of those things whose value goes up every year.”

New Zealand artist CF Goldie's Sleep 'tis a Gentle Thing' was stolen along with many other unique works of art and antiques.  Photo / NZ Police
New Zealand artist CF Goldie’s Sleep ’tis a Gentle Thing’ was stolen along with many other unique works of art and antiques. Photo / NZ Police

Ninow said he thought it would be rated a little lower than the previous work because of Goldie’s age at the time.

“When he was younger in his career he was in a better mental state, and did this very detailed painting. As they get older they become a little more poetic, looser, and that can affect grades.”

Having such a painting stolen would be of great concern not only to the owner, but also to Māori, who regarded the depiction of tūpuna, the ancestor, as “embodying vairua, soul, nurturer”.

“So, stealing it and not knowing it exists is a huge loss for Aotearoa, for our culture and our nation.”

The painting is entitled "The Woman in the Red Hat" also stolen from Hamilton's address.  Photo / NZ Police
A painting entitled “Lady With Red Hat” was also stolen from Hamilton’s address. Photo / NZ Police

Ninow said the thieves likely knew what they were doing.

“His works were instantly recognizable, he was very famous, like Colin McCahon. Everyone knows them, and very much sought after. If you’ve seen him in person, it’s very different to you.”

But Ninow believes that it is “impossible” to sell underground.

“The New Zealand art market is bigger than most people think, but it’s still small, and unlikely to be sold through traditional channels. Once it is known that a work has dubious origins, no one will touch it.

“With the stolen works, we often never know what happened to them. They move through these underground channels and we never see them again, but I really hope that doesn’t happen and we can see them again.”

Another painting was stolen.  Photo / NZ Police
Another painting was stolen. Photo / NZ Police

The police asked members of the public for information or possible sightings of the stolen items.

“This is definitely a very special legacy and we want to return it to its owner as quickly as possible,” said Constable Ben Monk of Hamilton’s Tactical Crime Unit.

“If you have information, please call the police on 105 and excerpt file 210103/2961.

“Alternatively, you can call Crime Stoppers on 0800 555 111.”

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Next target: China’s $ 7 billion revenge against Australia | Instant News


Chinese students make up nearly a third of Australia’s $ 35 billion international student market. Photo / Getty Images

As relations between Canberra and Beijing fall to new lows, Australian universities could lose billions of dollars in revenue if China decides to aim for the country’s third largest export.

China has imposed a series of economic sanctions punishing Australian merchandise in recent months, including a 200 percent tariff on wine, but has so far taken no action to disrupt the education sector.

Chinese students make up nearly a third of Australia’s $ 35 billion international student market. Last year, Australian universities grossed more than $ 7 billion in fees from an estimated 164,000 Chinese students, which contributed a total of $ 12.2 billion to the economy including accommodation and other living expenses.

With the COVID-19 travel ban still in effect, around 62,000 Chinese students are currently studying online from abroad. But if Chinese students don’t return once borders reopen, Australian universities face devastating financial repercussions.

For the Chinese Communist Party – which has stepped up its attacks on Australia, culminating this week with a senior diplomat sharing a processed image of an Australian soldier – it would be as simple as cutting off online access through its internet firewall, and banning it. students from traveling to Australia.

“I think it is almost inevitable at this point that China will take action against the higher education sector, given the way China has incorporated itself into our universities,” said Queensland University student Drew Pavlou.

“(But) it might be hard to imagine them just turning the taps off, given how important this university is to the Chinese elite as a way for their children to earn these prestigious credentials.”

Pavlou was expelled for alleged offenses related to activism on his campus that supports Hong Kong and criticizes the CCP, and was part of the July 2019 protests that turned violent when “ultranationalist Chinese students” broke into and started attacking participants.

Since then he’s campaigned for the federal government to investigate foreign interference at the university, and brought the Chinese Consul General to justice for allegedly inciting violence against him. The Brisbane Magistrates Court rejected the complaint because of diplomatic immunity.

The exodus of Chinese students will hurt the education sector in Australia.  Photo / Getty Images
The exodus of Chinese students will hurt the education sector in Australia. Photo / Getty Images

The state-run Global Times has published a series of articles this year advising Chinese students to reconsider studying at “racist” Australian universities – citing Mr Pavlou as an example – and in June China’s Ministry of Culture and Tourism issued a travel warning for “racist” risks ” in Australia.

Louisa Bochner of the Australian Institute for Strategic Policy agreed that it is unlikely that China will take immediate action against Australian universities given their importance to the middle class. “The higher education sector is different from our other major exports in Australia,” he said.

“For example, with wine or barley, the net effect on China’s middle-class consumers is small – it’s unlikely that there will be a lot of excitement or difficulty switching to other products. However, for higher education, it’s more complicated.”

He said there were fewer alternatives and tensions with the US, Canada and Britain meant that China would not be interested in transferring students to these countries. “Australia has high-end and affordable education that Chinese students need,” he said.

For now, the university is optimistic.

Australian International Education Association chief executive Phil Honeywood said there has been no sign of an official policy from the Chinese government targeting the Australian education sector.

“We haven’t seen any evidence so far that the Chinese government is taking positive steps to stop its citizens studying with Australian education providers,” he said. “Earlier this year there were travel warnings issued in terms of travel safety to Australia, but they are issuing them for a number of countries, and that’s not a directive (not to travel).”

Mr Honeywood said the IEAA “believes that to date people-to-person and institution-to-institution relationships still support international student enrollment”.

He noted that an international student plane was returning to land in the Northern Territory this week, and among 63 were a “number” of students from mainland China headed to Charles Darwin University.

And on Thursday, Mr Honeywood spoke with the principal of Melbourne’s international private school Haileybury, which runs a campus in China. “They experienced a 25 percent increase in their Chinese student enrollments,” he said.

According to Ms Bochner, even if the CCP decides to use the higher education sector as a “vector of retribution”, it is unclear how it will do.

“It’s not as clear as ‘turning off the tap’ like other exports – are they going to send students back who, last week, arrived back in Australia?” she says. “Or will they prevent new registrations from next year? My general opinion is that we are unlikely to see any immediate retaliation.”

Mr Pavlou, however, said perhaps the CCP could improve its position by trying to use its influence more strongly on campus – knowing the university was powerless to act.

“You see with the Chinese student associations, they pride themselves on their relationship with the Chinese consulate – they are basically run as an extension of the consulate,” said Pavlou. “The case in UQ where you had a rally that turned violent and there was an attack on Chinese critics, that could definitely be a further possibility.”

She highlighted recent controversy after UNSW deleted an interview with Human Rights Watch Australia director Elaine Pearson about Hong Kong, following strong backlash from some of the Chinese student community.

“Higher education obviously doesn’t know how to deal with this problem,” he said.

“It will be interesting to see if Australian universities have learned from my case how destructively Beijing seems to bow – or if the economic imperatives mean they are willing to face harsh criticism at home to keep relations with Beijing strong.”

– News.com.au

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Rugby league: New Zealand Warriors will reportedly sign the controversial Brisbane Broncos prop Matt Lodge | Instant News


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Brisbane Broncos prop Matt Lodge. Photo / Getty

The New Zealand Warriors will reportedly offer the controversial Brisbane Broncos prop Matt Lodge a multimillion dollar contract.

Channel Nine believes in the LodgeThe son-in-law of Warriors hiring manager Peter O’Sullivan has been thrown into the Broncos – a club with many big attackers in their squad.

The Warriors, however, are desperate for big men with experience, especially following the retirement of veteran supporter Adam Blair in September.

Axed Brisbane coach Anthony Seibold backed Lodge to become the club’s next captain in 2018 while NSW coach Brad Fittler revealed Lodge was on his radar for Origin elections earlier this year.

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However, Lodge’s prowess with the ball has also come along with his controversial history off the pitch.

In 2015, Lodge was arrested in New York for a drunken house invasion. In the video of the incident, Lodge is seen punching holes in the wall and screaming abuse. Lodge’s contract with the Tigers was terminated on 18 October. Lodge spent two weeks in prison after being released to serve the community.

Lodge was ordered to pay more than $ A1.6 million in damages in the case, after he pleaded guilty to charges of reckless misdemeanor.

He avoided 12 months in prison in the US with plea deals to compensate the victims.

Signing Lodge will also revives the controversy surrounding the player managed by Isaac Moses who rugby league legend Ricky Stuart accused in early 2020 of damaging the Warriors club.

The Warriors have lost a stack of players they have reportedly targeted previously – including Lodge in 2019. This has led to the idea that the club is ripe to be used as a bargaining chip in negotiations, with players’ alleged interest and large bids helping to bolster deals for those who do not. intend to actually move to Auckland.

The 25-year-old earns nearly $ NZ1 million per season at the Broncos and is likely to get a raise at the Warriors if the deal is finalized.

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New Zealand dollar rises past 70 cents for the first time since 2018 – business news | Instant News


The New Zealand dollar extended its advance past 70 cents per dollar, a level not seen since June 2018, as markets increasingly overestimate possible negative borrowing costs.

The currency rose as much as 1.1% after Treasury Secretary Grant Robertson released a letter to the central bank expressing concern about how low interest rates have fueled house prices, asking it to add housing prices to its discretion.

Such proposals, if adopted, could significantly dim the prospects of further rate cuts or additional bond purchase programs. The market has reduced bets for negative interest rates this month, after policymakers project a more optimistic view of the economic recovery.

The New Zealand dollar strengthened to as low as 70.01 cents per dollar, also driven by broader risk sentiment as investors welcomed the start of US President-elect Joe Biden’s official transition and progress toward launching a Covid-19 vaccine.

The currency was trading at 69.97 cents per US dollar as of 9:28 am in London.

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America’s Cup Funding: The New Zealand team issued a ‘public condemnation’ of the service, as part of a document release | Instant News


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Grant Dalton is chief executive of the New Zealand Team and American Cup Events, the company that was awarded taxpayer funds to host the event. Photo / Jason Oxenham

The New Zealand team has issued a “public condemnation” of government departments for giving taxpayer tens of millions of dollars in funding, accusing him of inappropriate behavior and calling for a review.

The syndicate today released a series of documents including letters to the Ministry of Business, Innovation and Employment as well as Auckland Mayor Phil Goff and Prime Minister Jacinda Ardern.

America’s Cup Event, a company run within the headquarters of Team New Zealand that shares Grant Dalton as its chief executive, has been awarded up to $ 40 million in taxpayer funds for the 36th place in the world’s oldest international sporting competition.

Earlier this year MBIE launched an investigation into ACE’s handling of money, partly as a result of allegations made by the whistleblower, former contractor Mayo & Calder.

“In the face of the unsubstantiated and libelous accusations again against ETNZ / ACE and its directors, we feel that we must now set things straight by trying to respect the process that is due in this saga throughout the year,” the New Zealand Team said in a statement. unsigned.

“We wanted to avoid public condemnation like MBIE but because of their actions to hide their completely inappropriate behavior through this protracted contract process, we now feel obliged to release a series of letters addressed to MBIE and the minister asking MBIE to account for them. . action. “

According to the New Zealand Team “these letters describe a very different story from the one currently being presented”.

The Herald reported today that the Serious Fraud Office appears to be looking at taxpayer funding for the America’s Cup.

MBIE chief executive, Carolyn Tremain.  Photo / Provided
MBIE chief executive, Carolyn Tremain. Photo / Provided

MBIE previously confirmed that its chief executive, Carolyn Tremain, had had “discussions” with SFO director Julie Read. The SFO confirmed the discussion. Neither side will explain who started the discussion.

The statement by the New Zealand Team reiterated comments made to the Herald that “it would welcome any intervention by the Ombudsman or the Public Service Commission to see MBIE action through this protracted process”.

In a statement, MBIE chief executive Caroline Tremain said after receiving allegations about trouble at ACE, the ministry “used the contractual terms of the Host Place Agreement to engage Beattie Varley to conduct an audit”.

Tremain notes Horton’s comments that ACE’s initial approach to auditing was unhelpful.

“MBIE always treats all parties involved in the process with respect and strongly denies the many issues raised in the letter from ACE,” said Tremain.

He revealed that the mediation that was originally announced to cover the dispute over a $ 3 million design fee had been expanded to cover “matters of parties acting in good faith”.

Mediation is finally expected to begin in December. “MBIE looks forward to the end of this process.”

In August, an audit report by forensic accountant Beattie Varley – commissioned by MBIE – sharply criticized governance at ACE and the New Zealand Team, but concluded investigators saw no evidence that taxpayer event funding had been misappropriated.

In July, the New Zealand Team and ACE went to the High Court in Auckland to prevent the Herald from publishing details of Beattie Varley’s previous report.

New Zealand Team Leader Sir Stephen Tindall described Beattie Varley’s latest report as “total justification”.

He refused to answer questions or be interviewed. According to reports by GoodsTindall called MBIE’s chief executive, Carolyn Tremain, to ask about the nature of her discussion with the SFO, but she declined to say.

ACE chairman Tina Symmans also declined all interview requests.

No one from the Government was willing to comment on the recent reports, with Ardern’s spokesperson saying that was being handled by MBIE.

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