Auction Announcement - The auction is scheduled for February 4, 2026, at 9:00 AM on the Hongli Auction platform [1] - The auction involves the sale of debt rights and related interests held by Qishang Bank's Gaoqing Branch [1] Auction Details - **Lot 1**: Borrower is Zibo Yinli Packaging Service Co., Ltd. with a principal of 5 million yuan and total interest of approximately 1,866,162.06 yuan, with a starting price of 6,879,816.72 yuan [1] - **Lot 2**: Borrower is Zibo Zhida Animal Husbandry Development Co., Ltd. with a principal of 2,956,448 yuan and interest of 1,997,991.36 yuan, with a starting price of 4,954,439.36 yuan [1] Participation Requirements - Bidders can be legal entities, individuals, or other organizations, but certain individuals such as bank staff and previous asset management personnel are prohibited from participating [1] - Interested bidders must visit Qishang Bank's Gaoqing Branch to understand the debt rights being transferred before the auction date [1] Payment and Contact Information - Bidders must transfer a deposit of 20,000 yuan to a specified account before the auction [1] - Contact information for the auction company is provided for further inquiries [1]

Core Insights - The Heritage Auctions' Television Treasures sale generated over $3.17 million, highlighting the growing market for nostalgia-driven collectibles [1] - Collectors purchased iconic items from classic television shows, with significant sales including the original Batman costumes for $575,000 [2][4] - The auction reflects a trend where emotional connections to collectibles are as important as financial returns for investors [3] Auction Highlights - The auction featured over 1,500 bidders, driven by the rarity and cultural significance of the items [4] - Notable sales included: - Lynda Carter's "Wonder Woman" costume for $225,000 [5] - Fonzie's leather jackets for $87,500 and $75,000 [5] - Captain Kirk's Starfleet uniform for $62,500 and a costume from "I Dream of Jeannie" for $42,500 [6] - Additional significant sales included: - Cesar Romero's Joker costume for $212,000 [7] - Yvonne Craig's Batgirl bodysuit for $87,500 [7] - Batman's Batarang and holster for $50,000 [7]

Market Overview - U.S. stocks experienced a decline, with the Dow Jones index falling over 450 points, down 0.98% to 46,848.97, NASDAQ down 1.82% to 23,073.21, and S&P 500 down 1.13% to 6,719.65 [1] - Energy shares increased by 0.9%, while consumer discretionary stocks fell by 2.4% [1] Company Earnings - ConocoPhillips reported third-quarter FY25 earnings of $1.7 billion, or $1.38 per share, down from $2.1 billion, or $1.76 per share, year-over-year. Adjusted EPS was $1.61, beating the consensus estimate of $1.44. The company also raised its fourth-quarter regular dividend by 8% to $0.84 per share [2] Commodities - Oil prices decreased by 1.1% to $58.96, gold fell by 0.4% to $3,977.70, silver dropped 1.2% to $47.450, and copper declined by 0.6% to $4.9580 [5] Stock Movements - Golden Entertainment, Inc. shares surged 35% to $28.69 following an acquisition announcement at $30/share [8] - Forge Global Holdings, Inc. shares increased by 68% to $44.00 after an acquisition agreement with Charles Schwab [8] - Stagwell Inc. shares rose 20% to $5.75 after reporting better-than-expected third-quarter results and issuing positive FY25 sales guidance [8] - American Superconductor Corporation shares fell 36% to $38.01 despite beating second-quarter earnings but missing revenue estimates [8] - ACV Auctions Inc. shares dropped 38% to $5.03 after cutting full-year sales guidance and receiving a downgrade from B of A Securities [8] - Aspen Aerogels, Inc. shares decreased by 44% to $4.1850 after lowering full-year earnings and sales guidance [8] Employment Data - U.S.-based employers announced 153,074 job cuts in October, a significant increase from 54,064 in the previous month [10]

Leadership Changes at Christie's - Max Fawcett has been appointed as the Global head of Jewellery at Christie's, overseeing the jewelry category worldwide starting January 1, 2026 [2] - Claibourne Poindexter has been promoted to head of Department, Jewellery, Americas, also effective January 1, 2026 [2] Background of New Leaders - Fawcett has been with Christie's for a decade, previously serving as head of Jewellery for EMEA and has led record-breaking sales in major cities [3] - Poindexter has over 10 years of experience at Christie's, having started as a junior specialist and recently served as senior vice president [5] Performance Highlights - In the first half of 2025, Christie's sold nine of the top ten jewels offered worldwide at auction, resulting in a 25% increase in category growth [6] - The New York sale in June achieved the highest result in the history of Christie's jewelry auctions in the city [6] Freeman's | Hindman Appointment - Alexis Vourvoulis has been appointed as VP, senior specialist for Jewelry & Watches at Freeman's | Hindman, bringing over two decades of experience [8] - Vourvoulis previously managed the High Jewelry Team at Tiffany & Co. and has held senior positions at Phillips and Bonhams [9] Vourvoulis's Expertise - Vourvoulis has a strong background in jewelry and watches, with a focus on client service and market insight [11] - She is fluent in French and has formal training in gemology and jewelry arts, holding a Graduate Gemologist diploma from GIA [12] Company Background - Freeman's, America's oldest auction house, merged with Hindman in 2024, creating a network of 16 regional offices across the country [13]