BUENOS AIRES: From a necktie to two BMW cars to a box of Cuban cigars — not to mention his parents’ home — nearly 90 items once belonging to late Argentine football superstar Diego Maradona.
All will go on the virtual auction block on Sunday in an international sale run from Buenos Aires.
“At this time, we have 1,120 people registered and in a position to bid in the auction,” Adrian Mercado, the sale’s organizer, told AFP on Saturday.
The 87 lots to be offered will have minimum bids ranging from $50 to $900,000, he said. The sale was ordered by Argentine authorities in agreement with the heirs to the 1986 world champion’s estate.
“The children made a great selection of his things,” Mercado said. “The most emotional, items with great memories, of great passion, will be kept by the family.”
The house being auctioned, in Buenos Aires’ Villa Devoto neighborhood, is the one Maradona gave to his parents in the 1980s when “Number 10” was playing for professional team Boca Juniors.
“The years passed by, the clubs, the stories and the World Cups, but the house on Cantilo (street) was always Maradona’s place,” reads a message on the website promoting the auction.
Far from the modest home in a poor neighborhood where Maradona was born in 1960, the villa he gave his parents and where they lived until his death on November 25, 2020, is comfortable if not luxurious and includes a swimming pool. A minimum bid of $900,000 has been set for it.
Also on offer are two BMW automobiles, 2017 and 2016 models, with respective minimum bids of $225,000 and $165,000.
There is also a Hyundai van, with a $38,000 minimum, and a two-bedroom apartment in the resort town of Mar del Plata (250 miles, or 400 kilometers, south of Buenos Aires), with a base price of $65,000.
Also for sale are a treadmill Maradona used when he lived in Dubai while coaching a team there ($3,500 minimum), a photo of the football star with late Cuban leader Fidel Castro ($400), and a humidor of Cuban cigars ($300).
A handwritten letter signed by Castro, however, will not be sold despite earlier expectations it would be.
Neckties, caps, boots and sports gear, as well as six televisions, furniture, gym equipment, paintings and photos round out the items being auctioned by order of Judge Luciana Tedesco.
The auction begins Sunday at 11:00 am (14H00 GMT) and will last two hours, Mercado said.
Proceeds will go to pay the estate’s debts and expenses, but not to Maradona’s heirs. The courts will decide how to dispose of any unsold items.
Luxury cars, cigars and a villa among Maradona items on sale Sunday
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Luxury cars, cigars and a villa among Maradona items on sale Sunday
- "At this time, we have 1,120 people registered and in a position to bid in the auction," Adrian Mercado, the sale's organizer, told AFP on Saturday
- The sale was ordered by Argentine authorities in agreement with the heirs to the 1986 world champion's estate
Some Warren Buffett wisdom on his last day leading Berkshire Hathaway
OMAHA, Nebraska: The advice that legendary investor Warren Buffett offered on investing and life over the years helped earn him legions of followers who eagerly read his annual letters and filled an arena in Omaha every year to listen to him at Berkshire Hathaway’s annual meetings.
Buffett’s last day as CEO is Wednesday after six decades of building up the Berkshire conglomerate. He’ll remain chairman, but Greg Abel will take over leadership.
Here’s a collection of some of Buffett’s most famous quotes from over the years:
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“Be fearful when others are greedy, and greedy when others are fearful.”
That’s how Buffett summed up his investing approach of buying out-of-favor stocks and companies when they were selling for less than he estimated they were worth.
He also urged investors to stick with industries they understand that fall within their “circle of competence” and offered this classic maxim: “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”
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“After they first obey all rules, I then want employees to ask themselves whether they are willing to have any contemplated act appear the next day on the front page of their local paper to be read by their spouses, children and friends with the reporting done by an informed and critical reporter.
“If they follow this test, they need not fear my other message to them: Lose money for the firm and I will be understanding; lose a shred of reputation for the firm and I will be ruthless.”
That’s the ethical standard Buffett explained to a Congressional committee in 1991 that he would apply as he cleaned up the Wall Street investment firm Salomon Brothers. He has reiterated the newspaper test many times since over the years.
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“You only find out who is swimming naked when the tide goes out.”
Many companies might do well when times are good and the economy is growing, but Buffett told investors that a crisis always reveals whether businesses are making sound decisions.
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“Who you associate with is just enormously important. Don’t expect that you’ll make every decision right on that. But you are going to have your life progress in the general direction of the people you work with, that you admire, that become your friends.”
Buffett always told young people that they should try to hang out with people who they feel are better than them because that will help improve their lives. He said that’s especially true when choosing a spouse, which might be the most important decision in life.
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“Our unwavering conclusion: never bet against America.”
Buffett has always remained steadfast in his belief in the American capitalist system. He wrote in 2021 that “there has been no incubator for unleashing human potential like America. Despite some severe interruptions, our country’s economic progress has been breathtaking.”
