Pele football memorabilia expected to fetch millions

first_imgThe huge collection amassed over more than 60 years will go under the hammer at Julien’s Auctions in London, and will be open to online bidders from around the world.At age 75, Pele says he is “happy for amassing such a great collection” but he is ready to share it with his fans.”Now we’re going to be partners, we’re going to be brothers, because I’ll always be present at your house,” he said.Although he has suffered a number of health issues in recent years, it is thought the decision to auction off the collection is largely philanthropic.”It was a difficult decision to make but it takes a lot to properly care for these artefacts, and I felt I could do much more good by sharing these items with the world, as well as helping my causes that are important to me,” he said.Items up for auction include his three World Cup medals — one from Brazil’s first ever victory in 1958 — as well as football boots, the game ball he scored his 1000th goal with, and expired passports.A copy of the Jules Rimet Trophy — the original World Cup — is predicted to draw the highest bids, with price estimates ranging between $560,000 and more than $800,000.Dan Nelles, a sports specialist at Julien’s Auctions, told the BBC Pele planned to donate a portion of the profits from the auction, expected to be in excess of $7 million, to the Pequeno Principe paediatric hospital in Brazil.”There are so many wildcards in the auction, the Jules Rimet trophy, his World Cup medals, soccer boots, which means that ideally we are looking at three times that conservative estimate, and maybe as much as 10 times,” Mr Nelles said.The collection also includes numerous used jerseys, a champions’ ring, trophies and medals, a Pele tribute knife, capes, an antique firearm, and an Indian royal jeweller crown.Whilst many big-ticket items are expected to fetch thousands, other more obscure items may sell for as little as $100.Pele is often regarded by fans and peers as the greatest footballer to have lived. He began his professional career in 1956, aged 15, when he was signed to Santos FC. He was included in the Brazilian national team at age 16.The auction runs from June 7 to June 9.last_img read more

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February Job Numbers Lift Mortgage Rates

first_img Share March 13, 2014 428 Views Last week’s improved (though still not great) jobs report brought a little bit of comfort to the financial markets, pushing mortgage rates up for the week.According to Freddie Mac’s Primary Mortgage Market Survey, the average rate for a 30-year fixed-rate mortgage (FRM) came up nearly a tenth of a percentage point to 4.37 percent (0.6 point) for the week ending March 13. Last year, the 30-year FRM averaged 3.63 percent.The 15-year fixed average was 3.38 percent (0.6 point), up from 3.32 percent last week.In adjustable-rate products, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.09 percent (0.4 point) this week—up from 3.03 percent—while the 1-year ARM moved down slightly to 2.48 percent (0.4 point).Meanwhile, Bankrate.com’s weekly national survey showed increases all around: The 30-year fixed average moved up to 4.50 percent, the 15-year fixed came up to 3.51 percent, and the 5/1 ARM rose to 3.30 percent.While rates were up, they “remain well within the familiar range of recent weeks,” Bankrate said in a release.“A respectable jobs report removed some angst about the economy, but the persistent cold weather has still taken an apparent toll. With the Federal Open Market Committee meeting next week, it is likely that the Fed will stay the course on tapering their bond purchases, keeping bond yields and mortgage rates from any wild fluctuations.” Bankrate Freddie Mac Jobs Mortgage Rates 2014-03-13 Tory Barringercenter_img in Daily Dose, Data, Headlines, News, Origination February Job Numbers Lift Mortgage Rateslast_img read more

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