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More than 650 pieces from the estate of the country music icon and his wife, June Carter Cash, will be offered Sept 14 and 15, Sotheby's said Thursday "He and June Carter are true American icons, and this sale presents countless opportunities for collectors as well as fans of the Man in Black 5 million The collection is valued at about $1 A guitar designed by Cash is estimated at $15,000 Seven of Cash's Grammy awards are included, ranging in value from $5,000 to $10,000 12 "His influence extended far beyond any specific genre with his ability to blend the lines between country, folk, gospel, rock and pop," said Leila Dunbar, director of Sotheby's Collectibles Department " The sale features more than 50 instruments owned and played by both June Carter, who passed away last May, and Cash, who died several months later on Sept Pieces from the Man in Black's wardrobe will be offered, including his suede fringe jacket, a long leather coat made especially for him, valued at $8,000, plus several pairs of boots, hats and shirts The auction will feature a host of the couple's personal items, like photographs, letters, concert posters, furniture, art, jewelry and even Cash's 2002 black Ford pickup truck Johnny Cash's Belongings to Be Auctioned May 20, 12:33 PM EST One piece at a time, Johnny Cash's guitars, banjos, handwritten lyrics, photographs, vintage black leather clothing, Grammy awards and other belongings will be auctioned this fall by Sotheby's A 1950s notebook full of Cash's handwritten lyrics to songs like "Cry, Cry, Cry," is estimated at $6,000 Other unpublished lyrics are also part of the sale But negotiations came to a standstill Thursday after MGM Mirage Inc Deadline Looms for Proposed MGM Merger Jun 11, 2:59 PM EST A deadline on a $4 com Mandalay Resort Group Inc: http://www 85 billion deal that would create the world's largest gambling company loomed Friday as Mandalay Resort Group decided whether to accept MGM Mirage's offer of $68 in cash per share for the company It's a good deal for Las Vegas and a good deal for the companies The company would surpass rivals Harrah's Entertainment and Caesars Entertainment, with more than $6 billion in revenues declined to raise its offer, according to a person close to the talks "Strategically, it makes a lot of sense for MGM â€â€?â€â€?â€â€? On the Net: MGM Mirage Inc php com/index : http://www The blockbuster combination would give MGM Mirage control of 10 properties on the famous Las Vegas Strip, owning about half the 73,000 hotel rooms of the world's premier gambling market It has a 25 percent interest in British casino developer Metro Casinos Ltd Analysts speculated that the bidding for Mandalay could reach as high as $80 per share 3 million, as revenues rose 18 percent, surpassing analysts expectations " Last week, Mandalay reported that first quarter earnings almost doubled to $87 S m Investors sent Mandalay shares surging, in anticipation of a better offer, from MGM or another bidder MGM surprised the market by going public with the offer June 4 amid friendly, but unsolicited talks with Mandalay EDT Mandalay said at the time that it would "carefully evaluate" the proposal and have no comment until the matter was resolved "It's clear that a deal should happen 23 hit Monday 60 Thursday on the New York Stock Exchange Mandalay Resort Group owns and operates 11 casinos in Nevada and has about 15,000 rooms on the Strip markets were closed Friday in observance of the national day of mourning for President Reagan It has ownership in other properties in Nevada, Illinois and Michigan, and owns a hotel-casino in Tunica County, Miss It's just a matter of getting the right price," said Marc Falcone, a Deutsche Bank gambling analyst in New York The bid has been on the table for a week, with no public response from Mandalay The merger would have to be approved by antitrust and gambling regulators in Nevada and other states in which the two have casinos But once it was disclosed that the $68 per share offer came at the end of friendly, but unsolicited negotiations, analysts revised and sharply lowered their estimates The offer was set to expire at 8 p MGM Mirage owns or operates 12 casinos in Nevada, New Jersey, Mississippi, Michigan and Australia, and has investments in two other resorts in Nevada and New Jersey U 8 billion in Mandalay debt mgmmirage Under the agreement, MGM would assume $2 Mandalay' stock traded at $68 MGM Mirage's stock closed at $47 mandalayresortgroup A message left for Mandalay president and chief financial officer Glenn Schaeffer was not immediately returned Friday afternoon 42 Thursday, slightly above MGM's offering price and off a recent high of $70 |
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