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Global bidding frenzy shatters records at Heffel auction

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Exceptional results achieved at Heffel spring auction, totalling a staggering $22.6MPacked Toronto auction room with cheers from the crowd and remote bidder enthusiasmHighlights included collection of legendary art dealer Torben V. Kristiansen, and masterworks by Jean Paul Riopelle, Tom Thomson, Emily Carr and othersWhite-glove session of Canadian, Impressionist & Modern Art (100% sold)

TORONTO, May 23, 2024 /CNW/ – Today in Toronto, Heffel Fine Art Auction House hosted its highly-anticipated spring auction, showcasing more than 90 outstanding works of art to a packed sale room, buzzing with excitement. The auction was nothing short of spectacular, leading the market with three sessions of record-breaking sales of artworks that helped shape Canadian art history. A breathtaking Jean Paul Riopelle painting from the esteemed collection of Torben V. Kristiansen headlined the event, joined by masterpieces from Tom Thomson, Emily Carr and other art giants, collectively fetching an astounding $22.6 million. The event took place in Heffel’s Toronto cutting-edge auction venue, expertly blending live action with a remote audience through their Digital Saleroom, uniting collectors from across the globe in a shared celebration of art. (All prices are in Canadian dollars and include a buyer’s premium.)

A very special addition to Heffel’s time-honoured sessions of Post-War & Contemporary Art and Canadian, Impressionist & Modern Art was Legendary: The Collection of Torben V. Kristiansen, one of the most extraordinary single-consignor collections ever to come to market in Canada. Kristiansen, who passed away in 2023, was a legendary figure in Canada’s art world, and was known for his impeccable taste and deep love for the works he collected. The remarkable selection of works garnered global participation for coveted masterpieces and rare gems by the biggest names in Canadian art. The works from the collection totalled an astounding $9.1 million.

“The energy in the room tonight was absolutely electric,” said Robert Heffel, Vice President of Heffel Fine Art Auction House. “The excitement and competitive spirit among bidders were a testament to the enduring appreciation for masterworks of exceptional quality. It was truly a privilege to witness the enthusiasm from across the world.”

Highlights from the Heffel Spring 2024 Live Auction

Jean Paul Riopelle took centre stage, where his 10 outstanding works collectively garnered a staggering $6 million. His works sparked global interest and were led by the incredibly rare 1949 drip canvas, Verts ombreuses, which sold for $2,761,250 (est. $2,500,000 – 3,500,000) and his commanding 1954 masterpiece, Sans titre which fetched $1,321,250 (est. $1,200,000 – 1,600,000).Hugely important works by Emily Carr highlighted the white-glove session of Canadian, Impressionist & Modern Art. The famous War Canoes, Alert Bay, a precursor to her famous canvas of the same title in the collection of the Audain Art Museum, as well as Scorned as Timber, Beloved of the Sky, a study for a major work in the collection of the Vancouver Art Gallery each sold for $871,250. Heffel is proud to be synonymous with Emily Carr’s market, which continues to draw impressive results and attention from around the world.Due to Tom Thomson‘s untimely and mysterious death, his paintings are considered some of the most coveted in Canadian art. The Kristiansen collection featured three of his rare and impactful oil sketches, with Colourful Maples fetching $961,250 (est. $700,000$900,000) and Fall Woods, Algonquin Park selling for $931,250 (est. $500,000$700,000).Important works by members of the Group of Seven drew major competition in the auction and soared past their estimated values. A.J. Casson’s graphic and atmospheric Summer Sky fetched $781,250 (est. $150,000 – 250,000) and Lawren Harris’ mesmerising abstract canvas, Mountain Experience reached $541,250 (est. $150,000 – 250,000).Mary Pratt‘s Girl in My Dressing Gown, the intimate and captivating portrait of muse Donna Meaney, set a deserving new record for the artist at $289,250. This special canvas was one of the finest paintings by Pratt to ever grace the art market and is truly museum-quality (est. $150,000 – $250,000).A stunning seascape by Takao Tanabe, a showstopper at the Heffel previews across Canada, shattered the previous artist record by a wide margin. Nootka 1/91: in Hanna Channel, the serene yet powerful 1991 canvas sold for an impressive $451,250, well above its presale estimate of $60,000 to $80,000.Two of Andy Warhol‘s most sought-after prints stood out amongst the contemporary works on offer. The vibrant hot pink Marilyn Monroe (Marilyn) sold for $205,250 (est. $80,000 – 120,000) and the iconic Mick Jagger sold for $157,250 (est. $80,000 – 100,000). The market for Warhol’s work remains strong, consistently demonstrating high demand and impressive auction results.Notable examples by six important artists set new benchmarks in the Heffel auction. In addition to Takao Tanabe and Mary Pratt, artist records were achieved with Prudence Heward’s exceptional Sunflowers which sold for $301,250, the rare Still Life with Fruit and Blue Teapot by Christiane Pflug which sold for $25,000.

For more information on the works included in Heffel’s spring live auction, visit www.heffel.com.

Additional works from the Collection of Torben V. Kristiansen are currently on offer through a curated Heffel online auction, closing on May 30, with future auctions to follow.

Heffel is now welcoming consignments for the fall 2024 auction season, encompassing international and Canadian works of art. The deadline for fall consignments is August 2024.

About Heffel Fine Art Auction House
Since 1978, Heffel has connected passionate collectors across the world with outstanding works of art, with sales totaling three quarters of a billion dollars. Heffel is renowned for its expertise in effectively managing and handling estates, serving as trusted experts for navigating the complexities of art collections inherited from estates with precision and care. With facilities in Toronto, Vancouver, Montreal, Ottawa and Calgary, Heffel has the most experienced team of fine art specialists in Canada and provides premium client service to both sellers and buyers internationally.

SOURCE Heffel Fine Art Auction House

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DomaCom Appoints Giuseppe Porcelli as Chairman and Secures $2 Million Private Placement

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SYDNEY, Jan. 10, 2025 /PRNewswire/ — DomaCom Limited (ASX:DCL) is pleased to announce two significant developments that will strengthen its leadership and financial position as it advances its fund-first, technology-driven strategy.

Appointment of Giuseppe Porcelli as Non-Executive Chairman

DomaCom has appointed Giuseppe Porcelli as Non-Executive Chairman. Giuseppe is the Founder, Chairman, and CEO of Lakeba Group, a global technology leader renowned for AI-powered, scalable solutions. With extensive expertise in technology-driven investment strategies, his leadership will be instrumental in accelerating DomaCom’s growth, innovation, and investor value creation.

“Giuseppe’s appointment strengthens our leadership team at a pivotal time for DomaCom,” said Darren Younger, CEO of DomaCom. “His experience in driving technological innovation and scaling businesses will support our strategy to enhance investor value and expand our market presence.”

Successful Completion of $2 Million Private Placement

DomaCom has successfully secured a $2 million investment through a private placement from sophisticated investor Martin Groen. The placement involved issuing 142,857,143 fully paid ordinary shares at $0.014 per share, reflecting investor confidence in DomaCom’s strategy and growth potential.

“This investment demonstrates strong confidence in our vision to transform DomaCom into a leading fund-first, technology-driven business,” said Giuseppe Porcelli, Chairman of DomaCom. “The additional option to secure further funding underscores the long-term alignment between DomaCom and our investors. This capital will allow us to accelerate key initiatives, deliver value to our stakeholders, and position the business for sustained growth.”

These developments mark an important step forward in DomaCom’s transformation, reinforcing its commitment to technological innovation, financial growth, and enhanced investor value.

Contact person: Darren Younger, DomaCom CEO
Darren.younger@domacom.com.au 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/domacom-appoints-giuseppe-porcelli-as-chairman-and-secures-2-million-private-placement-302347645.html

SOURCE DomaCom Limited

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GlocalMe Unveils New Brand Identity and Cutting-Edge Innovations at CES 2025

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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — GlocalMe, a global leader in mobile data connectivity under uCloudlink (NASDAQ: UCL), is proud to announce its participation in CES 2025, the world’s largest technology trade show. This year marks a significant milestone for GlocalMe as it unveils its newly refreshed brand identity and showcases an impressive lineup of innovative products that are set to redefine global connectivity.

With the theme “The Ideal Network of Life,” GlocalMe’s rebranding reflects its dedication to providing seamless, secure, and reliable internet connectivity that feels local, no matter where users are. Powered by its patented Cloud SIM and HyperConn™ technology, the brand emphasizes “Global Connectivity, Local Mindedness,” delivering a borderless yet personalized connection experience for modern digital lifestyles.

“Our new brand identity represents a transformative step in our journey to empower users with effortless and reliable global connectivity,” said Chaohui Chen, CEO of uCloudlink. “At CES 2025, we are thrilled to showcase how our innovative solutions bring the world closer together, delivering technology that feels personal and local, even in a globalized world.”

Spotlight on the GlocalMe Life Series

A major highlight of GlocalMe’s CES 2025 showcase is the GlocalMe Life Series, a collection of advanced products designed to provide secure and convenient connectivity for daily and travel use. With a focus on user convenience and peace of mind, the Life Series empowers users to stay connected effortlessly.

At CES 2025, GlocalMe will pre-launch three new additions to the Life Series:

GPet: The second generation of GlocalMe’s smart global pet tracker, featuring unique 6-tech positioning technologies to ensure the safety and location tracking of pets worldwide. New features, including ‘AI Wellness’ and ‘Pet Interaction,’ will enhance pet health monitoring and strengthen the bond between pets and their owners.UniCord S and UniCord P: Upgraded versions of the UniCord, designed specifically for drivers and remote workers. These devices offer advanced tracking features and provide secure and seamless connectivity during commutes or road trips. The UniCord P boasts upgraded mobile internet specifications, delivering a network experience comparable to a Wi-Fi hotspot.

These new products join the existing Life Series, which includes:

UniCord: The world’s first 3-in-1 multi-functional USB cable, which has been honored with the “CES Breakthrough Award 2025” by Android Authority for its innovative design and functionality.RoamPlug: The world’s only travel adapter with a built-in 4G mobile hotspot.KeyTracker: A global intelligent tracker featuring 6-tech positioning to secure and locate personal belongings with precision.

Introducing HyperConn™ Technology: Seamless Connectivity Redefined

GlocalMe will also debut its revolutionary HyperConn™ mobile Wi-Fi hotspot technology at CES 2025, redefining how users stay connected on the move. Leading this innovation is the MeowGo G40 Pro, a HyperConn™-enabled 4G multi-network mobile Wi-Fi hotspot. Designed for road trip families and remote workers, this device leverages AI-powered network switching to provide uninterrupted internet access by seamlessly connecting to multiple 4G carriers and Wi-Fi providers. This ensures reliable connectivity anywhere in the world, no matter where life takes users.

Experience GlocalMe at CES 2025

From January 7 to 10, 2025, GlocalMe will showcase its new brand identity and innovative product lineup at booth LVCC North Hall #8211. Attendees are invited to experience firsthand how GlocalMe is redefining global connectivity through its cutting-edge products and advanced technologies.

All pre-launched products from CES will be officially available by the end of the first quarter of 2025.

About GlocalMe

GlocalMe is a digital lifestyle brand under Nasdaq-listed technology company uCloudlink (NASDAQ: UCL). With its mission to enable people to ‘Connect and Share without Limitations’, uCloudlink is a leading mobile technology solutions provider that provides a marketplace for mobile data traffic sharing to billions of users in over 200 countries and regions. By using uCloudlink’s patented Cloud SIM technology, mobile users are no longer confined to the service of a single network operator but are opened to a world of connectivity whenever and wherever they are.

For more information, visit www.glocalme.com.

Photo – https://mma.prnewswire.com/media/2595181/GlocalMe.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/glocalme-unveils-new-brand-identity-and-cutting-edge-innovations-at-ces-2025-302347677.html

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Reap Receives In-Principle Approval for Major Payment Institution License from Monetary Authority of Singapore

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SINGAPORE, Jan. 9, 2025 /PRNewswire/ — Reap, a leading payment technology provider, is thrilled to announce today that it has received an In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for its application of the Major Payment Institution (MPI) License for its Singapore entity, Reap Singapore.

Obtaining the IPA marks a significant milestone for Reap. Reap is committed to regulatory excellence while continuously enhancing its capabilities and presence in Singapore and the broader Asia Pacific region. While the IPA marks a critical step forward, Reap Singapore remains steadfast in meeting the required conditions for the MPI License. Reap is equally committed to dedicating the necessary resources to support and assist Reap Singapore in achieving this goal. Together, Reap and Reap Singapore will continue to refine its compliance standards and beyond, ensuring it delivers enhanced value and trusted solutions to Singapore and the broader APAC customers.

“At Reap, compliance has always been paramount, not only to safeguard our users but also as a fundamental pillar for growth. Receiving this IPA from the MAS, a globally renowned financial regulator, is incredibly motivating and will be a key driver of secure growth in the region. It fuels our enthusiasm to continue collaborating closely with regulatory bodies to shape a secure and efficient money movement across the region. Reap is also committed to building a strong payment service.” stated Kevin Kang, Co-Founder of Reap.

Singapore is integral to Reap’s mission of enhancing global money movement. Its high regulatory standards and commitment to foster sustainable innovation align seamlessly with Reap’s vision for the future of payment services. This alignment empowers Reap to drive secure and efficient financial flows while delivering exceptional value to its clients and partners.

About Reap

Reap group is a leading global payment technology provider that enables financial connectivity and access for businesses worldwide. By bridging disparate economies, merging technological divides, and connecting key financial players, we are transforming the financial landscape into a more interconnected and interoperable space for efficient money movement.

With corporate cards, payout solutions, and expense management tools, we streamline financial operations and empower businesses to scale. Our APIs enable businesses to embed finance into their own products and services, from issuing Visa cards to facilitating cross-border payments.

Founded in 2018 in Hong Kong, Reap has since expanded to a team of over 100 across the globe, including Singapore. Reap is supported by a strong network of investors, including Acorn Pacific Ventures, Arcadia Funds, HashKey Capital, Hustle Fund, Fresco Capital, Abacus Ventures, and Payment Asia.

For media enquiries, please contact:

Christine Cheuk
Marketing & PR Manager, Reap
christine@reap.global

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/reap-receives-in-principle-approval-for-major-payment-institution-license-from-monetary-authority-of-singapore-302347620.html

SOURCE Reap

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