Liquidity Services (LQDT) Q2 2025 Earnings Call May 08, 2025 10:30 AM ET Company Participants Michael Patrick - Vice President and ControllerWilliam Angrick - Chief Executive Officer and Chairman of the Board of DirectorsJorge Celaya - EVP & CFOGary Prestopino - Managing Director Conference Call Participants George Sutton - Partner & Senior Research Analyst Operator Welcome to the Liquidity Services, Inc. Second Quarter of Fiscal Year twenty twenty five Financial Results Conference Call. My name is Michelle ...

Core Insights - The China Guardian Spring Auction 2025 features nearly 6,800 art pieces, including significant works by renowned artists such as Zhang Daqian and Qi Baishi [1][2] - The auction is divided into two phases, with the first phase focusing on 20th and contemporary art, antiques, jewelry, and more, while the second phase will highlight Chinese calligraphy, rare books, and coins [1][2] Group 1: Auction Details - The first phase of the auction runs from May 7 to May 13, showcasing categories like contemporary art, porcelain, and jewelry [1] - The second phase will take place from May 21 to May 28, featuring Chinese paintings, rare books, and collectibles [1] Group 2: Featured Artists and Works - Notable works in the 20th-century art section include Wu Dayu's "Soul of Flowers" and several pieces by Wu Guanzhong, such as "Parrot Paradise" [1][2] - The auction also includes significant Western artworks, such as Francis Bacon's "Portrait I" and Andy Warhol's iconic portraits [2] Group 3: Chinese Modern and Contemporary Art - The modern and contemporary Chinese painting section will present 1,260 pieces, including Zhang Daqian's "Eclipse" and works by Qi Baishi [2] - The auction commemorates the 160th anniversary of Huang Binhong with six of his works, including "Traveling on the Shu River" [2] Group 4: Ancient Chinese Art - The ancient Chinese painting section features over 400 pieces, including works by Qiu Ying and the Yongzheng Emperor [3]

21世纪经济报道记者林典驰 深圳报道 近期，东京中央拍卖（1939.HK）股价迎来剧烈波动，4月22日收盘股价飙升2倍。 盘后，东京中央拍卖公告自4月23日起开始停牌。5月6日，东京中央拍卖复牌后一度高开超过100%，然 而此后股价并未能延续强势表现，截至当日收盘跌逾35%。与此同时，瑞和数智（3680.HK）股价也出 现大幅波动，当日收盘飙升近68%。 而驱动股价上涨的因素，或与一则收购消息有关。 5月2日，东京中央拍卖公告，公司控股股东、执行董事兼董事会主席安藤湘桂等，向ESSA FINANCIAL GROUP LTD、瑞和数智、李杰峰及郑浩然等买方订立买卖协议，出售近3.75亿股公司股 份，相当于公司全部已发行股本约74.99%。 3.75亿股份总价约为1.65亿港元，相当于每股0.44港元，较5月7日的收盘价0.95元折让54%。 值得注意的是，ESSA FINANCIAL GROUP LTD为金雅福董事长黄仕坤最终全资及实际拥有的投资控股 公司，该公司的唯一董事是黄仕坤。 金雅福总部在深圳，是中国财富500强之一，公司经营范围包括黄金、白银、铂金、钻石、玉器、饰 品、工艺品的购销和批发等。 收购完成 ...

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Group 1 - Tokyo Chuo Auction Holdings Limited, established in 2010, is the first auction company in Japan to publicly hold auctions for Chinese antiques, significantly impacting the global antique market [2] - The company has consistently set records for Chinese art sales in Japan and has hosted numerous exhibitions in cities like Hong Kong, Taipei, Shanghai, and Beijing, promoting cultural exchange between Japan and China [2] - In 2018, Tokyo Chuo Auction Holdings Limited was listed on the Hong Kong Stock Exchange, becoming a rare auction concept stock in the Hong Kong market [2] Group 2 - As of May 6, the stock price of Tokyo Chuo Auction was HKD 0.980, a decrease of 34.67% from the previous trading day, with an intraday high of HKD 3.180, marking a new high in nearly a year [1] - The net capital flow on that day was positive, with an inflow of HKD 22.67276 million and an outflow of HKD 21.86976 million, resulting in a net inflow of HKD 0.803 million [1]

对于拍卖行业，特别是聚焦于古董字画的领域，市场策略的制定至关重要。有观点认为，不同于其他行业的"农村包围城市"策略，艺术品拍卖应采取"城 市影响农村"，即"降维打击"的高端路线。核心在于首先以顶级的服务和高质量的拍品吸引并锁定位于市场塔尖的高端客户群体。一旦赢得这些客户的信 任和影响力，他们的选择和认可将自然而然地向外扩散，带动并影响更广泛的中低端藏家和买家。这是因为在艺术品领域，高端客户的品味和判断往往具 有风向标作用，而中低端客户难以直接向上影响高端市场的认知。 在当今商业环境中，优质服务已成为企业赢得竞争、构筑品牌护城河的关键要素。零售业的现象级代表胖东来，凭借其极致的顾客关怀和对商品品质的严 格把控，树立了行业标杆。近期，胖东来针对"擀面皮加工场所卫生环境差"事件所展现的坦诚态度、详尽调查及高达10万元的投诉奖励，不仅赢得了广泛 赞誉，更彰显了一个品牌勇于负责、珍视消费者信任的企业品格。这一事件引发的思考，不仅限于零售业，也为看似距离遥远的艺术品拍卖行业提供了深 刻启示。 艺术品拍卖，作为一种古老的交易形式，历经时代变迁，虽在拍品范畴和市场格局上有所发展，但与胖东来这类在传统行业中实现服务颠覆的"异类 ...

智通财经APP讯，东京中央拍卖(01939)及要约人ESSA FINANCIAL GROUP LTD联合公布，公司获卖方 (安藤湘桂，执行董事兼董事会主席，于完成前为控股股东)及要约人通知，于2025年4月25日，卖方、 要约人及其他买方订立买卖协议，据此，卖方同意出售而要约人及其他买方同意购买合共3.75亿股待售 股份，相当于本联合公告日期公司全部已发行股本约74.99%。待售股份的总代价为1.65亿港元，相当于 每股待售股份0.44港元。完成已于2025年4月25日落实。 于本联合公告日期，公司有5亿股已发行股份及4800万份未行使购股权，该等购股权的持有人可按每股 股份0.80港元的行使价认购4800万股新股份。 于完成后及于本联合公告日期，要约人、其他买方及与彼等任何一方一致行动的人士于合共3.75亿股股 份中拥有权益，相当于公司全部已发行股本约74.99%。 每股要约股份0.44港元的股份要约价相等于要约人及其他买方根据买卖协议支付的每股待售股份的价 格。 此外，公司已向联交所申请股份于2025年5月6日(星期二)上午九时正起在联交所恢复买卖。 紧接完成前，除卖方持有的3.75亿股待售股份外，要约人 ...

服务创新：打破传统藩篱 拍卖行业的创新，似乎更多集中在如何寻找新拍品、如何扩大市场份额上，而真正面向客户端的服务创新却乏善可陈。拍卖行不应只满足于传统的落槌交 易，更应思考如何为藏家和买家提供更贴心、更具附加值的体验。这可以是对藏品提供更专业的鉴定咨询、为潜在买家提供深入的市场分析报告，或是优 化线上线下互动流程，让参与者感受到全方位的关怀。学习胖东来，就是要将客户的利益放在首位，敢于投入，敢于担当，通过卓越的服务来构建信任壁 垒。那种面对藏家善意提醒拍品有假，却选择拉黑删除联系方式的行为，与胖东来奖励投诉顾客的胸怀相比，简直是天壤之别，这暴露的不仅是敏感脆弱 的内心，更是对品牌责任的缺失。 送拍环节：细节处的温度与失职 在商业竞争日益激烈的当下，服务质量已不再仅仅是锦上添花，而是决定企业能否赢得消费者信任、实现可持续发展的基石。近期，零售业的"异类"胖东 来再次以其对消费者利益的极致维护——针对"擀面皮加工场所卫生环境差"事件，不仅坦诚公布调查结果，更以重奖10万元投诉顾客、补偿883.3万元的 方式，向全社会展现了一个负责任、有担当的品牌形象。这一事件引发的涟漪，远超零售行业本身，也让我们不禁反思，在其他 ...

Core Insights - eBay reported revenue of $2.59 billion for the quarter ended March 2025, reflecting a 1.1% increase year-over-year and surpassing the Zacks Consensus Estimate of $2.55 billion by 1.49% [1] - The company's EPS for the quarter was $1.38, up from $1.25 in the same quarter last year, exceeding the consensus EPS estimate of $1.34 by 2.99% [1] Financial Performance Metrics - Gross merchandise volume (GMV) reached $18.75 billion, exceeding the seven-analyst average estimate of $18.54 billion [4] - International GMV was reported at $9.69 billion, slightly above the five-analyst average estimate of $9.68 billion [4] - US GMV was $9.07 billion, surpassing the average estimate of $8.85 billion from five analysts [4] - Active buyers totaled 134 million, closely aligning with the average estimate of 134.14 million based on five analysts [4] Stock Performance - eBay's shares have returned -0.9% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

eBayQ1营收26亿美元 高于预期 智通财经5月1日电，eBayQ1营收26亿美元，市场预期25.5亿美元，去年同期25.56亿美元。 ...