it was too much. >> good morning, ladies and gentlemen, and welcome to sotheby's.ay the fossil of a tyrannosaurus rex known as sue. the property of the united states of america in trust of maurice williams of south dakota. and now let us, if we're all ready, begin the competition for sue the tyrannosaurus rex. and i now begin with a bid of $500,000. $500,000? $600,000? $700,000? at $700,000. $800,000? $900,000? nobody at 9. at $900,000 now. two bids at $1 million. one in the center, one in the back. in the center halfway up. and all the way up at $1 million. $1 million. now $1.1 million. on the telephone, at 7.4, 7.4. is there any advance over 7.4? $7,400,000 on the telephone. $7,400,000. fair warning. 7 million -- >> seven five. [ applause ] >> $7,500,000. $7,600,000. $7,600,000. fair warning. 7,600,000. up here. [ cheers and applause ] >> once the bidding was done, you didn't know immediately who it was. everyone's looking around, saying okay, who's going to come forward. >> the bidding was exciting, despite the fact that i was horrified that it was happening. >>

it was too much. >> good morning ladies and gentlemen, and welcome to sotheby's.me a new subaru, we donate 250 dollars to helping those in need. we'll have given 50 million dollars over seven years. love. it's what makes a subaru, a subaru. so far, you're horrible at this, flo. yeah, no talent for drawing, flo. house! car! oh, raise the roof! no one? remember when we used to raise the roof, diane? oh, quiet, richard, i'm trying to make sense of flo's terrible drawing. i'll draw the pants off that thing. oh, oh, hats on hamburgers! dancing! drive-in movie theater! home and auto. lamp! squares. stupid, dumb. lines. [ alarm rings ] no! home and auto bundle from progressive. saves you money. yay, game night, so much fun. >>> the day of the auction, the place is just absolutely full inside. television cameras everywhere. a lot of reporters. the room was completely full. >> morris williams was in a private room up above the auction area. so he could watch everything going on. sotheby's had arranged for one of the people who would normally be taking bids to give me a run

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it was too much. >> good morning, ladies and gentlemen, and welcome to sotheby's.r international is one of the busiest airports in the country. we operate just like a city, and that takes a lot of energy. we use natural gas throughout the airport - for heating the entire terminal, generating electricity on-site, and fueling hundreds of vehicles. we're very focused on reducing our environmental impact. and natural gas is a big part of that commitment. which means it's timeson for the volkswagen sign-then-drive event. for practically just your signature, you could drive home for the holidays in a german-engineered volkswagen. like the sporty, advanced new jetta... and the 2015 motor trend car of the year all-new golf. if you're wishing for a new volkswagen this season... just about all you need is a finely tuned... pen. get zero due at signing, zero down, zero deposit, and zero first month's payment on select new volkswagen models. >>> the day of the auction, the place is just absolutely full of excitement. television cameras everywhere. a lot of reporters. the room

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sotheby's auctioned it today for more than $61,000 the buy ser from taiwan and sotheby says it received $1 million officers from china. it sold the truffle in new york so the money can go to local charities. >>> it's the perfect gift for apple cos. next week christies will auction a operating original apple computer. . >>> dozens of sick children get the trip of a lifetime. the magical flight to put smiles on little one's faces and spread holiday cheer. >>> plus people in san francisco trying to do their holiday shopping ran into a big protest. we're there as the protesters take their message to the two busiest parts of the city. to help make better right here in san francisco. whether it's helping local businesses like the fruitguys grow and prosper, supporting nonprofits like juma ventures as they fulfill their mission or helping neighborhoods like the tenderloin become vibrant communities. if there's a way to help the people of san francisco thrive and succeed, we'll find it. that's the power of local connections. that's bank of america. at kaiser permanente, everything you need is u

i'll go with sotheby's. because what bill said about luxury in the u.s. being better. been hurt because everybody is concerned about luxury in asia. if the u.s. is going to pick that up, then the stock at these prices looks great. >> we have the chance to go to the mall. >> yes. >> you go though that place, 15 publicly traded companies. >> there we are. a tesla. >> but there are two names -- this becomes a joke but there's a codoba hid beden in there. >> any time you can bring codoba in there. >> come on. tiffany's sold off. >> i was shopping. >> two of the properties in the shore hills mall, that was great. we got a sampler. >> holiday sampler. >> one trader making a big bet that goprocould see swings of 8% on the back of tomorrow's massive lockup. the details when we return. cou 8% on the back of tomorrow's massive lockup. the details when we return. cute little guy, huh? this guy could take down your entire company. stay with me. on thursday a hamster video goes online. on friday it goes viral - a network choking phenomenon. why do you care? he's on the same cloud a

there is no extrication that he will -- no expectation that he will move to sotheby. >> now that yourn't have a ceo and they are looking for 1 -- murphy was interviewed by bloomberg and he didn't rule it out. he just said he has no plans at this time. >> sounds a little bit like hedging. number 9 -- here is what happened in new york. condos.mes for luxury for a single apartment in manhattan, it was sold leaving about 25% of the lecture tour units without wires -- without buyers more than three years after they reached the market. we have been talking for so long about chinese buyers and the russians, although what russian is looking for real estate right now? to put yourrickier money in the u.s. we went from a market in manhattan where we had almost no 90 million plus skyscraper apartments and now we have several dozen on the market. nobody really knows the depth of this market. >> who really can buy these things? in that building, bill ackman and an investment group or just an apartment on the top floor -- purchased an apartment on the top of the floor. >> probably to flip it. >> tha

sotheby's has this very rare stradivari viola up for sale and says it's worth $45 million.d as much as $16 million, snapped up by collectors and investors. could you afford your... >> perlman: no, no, no. >> whitaker: ...violin today? >> perlman: no, no, absolutely not. >> whitaker: would you ever sell your violin, your strad? >> perlman: right now, the way... the way it feels? >> whitaker: no? ( laughs ) >> perlman: i don't think so, no. >> whitaker: musicians lucky enough to have an old cremonese instrument like to play them as often as possible. but being played decade after decade for centuries can be rough on old bodies and joints. >> bruce carlson: i wish it could talk... >> whitaker: bruce carlson, born in michigan, has been restoring violins in cremona for 40 years. he has to take them apart to fix them. >> carlson: once we're all the way around, then we can slip the table off. >> whitaker: he did this to a stradivarius that literally had fallen apart in a violinist's hands. what is that like to pry open a violin made by stradivari? i'd be scared to death to try to

what about your gallery versus christie's or sub of these -- or sotheby's. ?igned to compete with the auction houses. they have an event, a moment when it is do or die and you have to buy. opportunity to have that kind of moment when everyone would come. more importantly, in the galleries, it works like this -- there is an art exhibition and an artist gives us 15 works of art and we hang them on the wall and resell it. the back room is a place where people can get in when they know somebody or they were really connected. the art fair is a back room for everybody. that has changed the art business very substantially. >> how much to the serious art what are the conversations before you get to miami? >> what are you bringing? people are constantly calling. art advisors are calling and asking -- send us a list of everything that will be available. that is something we have to deal with. we should tell people or spring a surprise. i am week about that sort of thing. i tend to spill it. my father calls and says what have you done? at this point, you kind of have to

weeks after sotheby's' boss announced his resignation. >>. pilots set toansa strike.long-haul flights but not median distance. the airline hopes to maintain 50% of traffic. been talk about what's happening in the currency markets and show you what has been going on. i want to show you dollar-ruble. yesterday we had the central bank in the markets. that came as little surprise. what you are looking at here, i draw your attention to the right-hand side. but we have seen in the last 40 minutes. a significant drop in the value of the dollar versus the ruble. we've popped back up since. derek been various gaps in the value of this pair. drawing attention to the fact that may the authorities are monitoring the situation and potentially taking action to deal with the appreciation of the dollar. 54.055. >> getting back to the u.k. economy statement. we speak to the chief economist at aberdeen management about what she is expecting. ♪ >> welcome back to "the pulse." live from bloomberg's year. headquarters in london. i am francine lacqua. benjamin netanyahu has fired 2 cabinet

a record-shattering >>> tomorrow sotheby's auction house is selling the largest truffle every.und in the region of italy. this morning it's right here in studio 57 and don dahler shows us how it got here. >> reporter: inside a terminal at john f. kennedy airport the sabatino truffle company waited for its precious cargo to clear customs. found a week earlier the enormous rare white truffle traveled 4,300 miles. >> in italian it means beautiful mama. >> reporter: the company's ceo gingerly unwrapped the delicacy. >> wow. it's gorgeous. >> reporter: tell me when you heard about the discovery of the big truffle. >> you don't know what we found. >> reporter: why did this truffle receive the royal treatment? >> a rare truffle you find every 120 years. >> reporter: the hunt for truffles has become a sport. some build an entire vacation around truffles including oprah and our gayle king. they would only tell us the hunter's first name, mateo. >> does he hunt or get a bonus for the. >> a big smell. >> how do you describe it when someone hasn't. >> you taste it one time, smell it one ti

. ♪ >>> tomorrow sotheby's auction house is selling the largest truffle ever recorded. region of central italy. this morning it's right here in studio 57 and don daler shows us how it got here. >> reporter: inside a term gnat at john f. kennedy airport the truffle company waited for its precious cargo to clear customs. found a week earlier the enormously rare white truffle traveled 4300 miles to the u.s. from italy. >> everybody hold your breath. this is the box. >> the beautiful. >> reporter: what's clear, frederico balestra gingerly unwrapped the delicacy. >> tell me about when you heard about the discovery of the big truffle. >> yeah. it was my sister. it was my sister from italy. you don't know what we found. what we found. >> reporter: why did this truffle, an overgrown one, receive the royal treatment? >> rare truffle, big truffle like this you find only every 100, 200 years. >> reporter: the hunt for truffles has become a sport. some people build entire vacations around the search for truffles like oprah and our own gayle king. a hunter and his dog rey found this

you have to know something about antiquities and sotheby's and christie's and rich people who want to buy antiquities. that requires some degree of education in the world. does that shock you? >> it does shock me. i will tell you the thing that is really incredible to me, when you look at their propaganda, remember that there was the magazine that al qaeda had, it was a magazine that you could talk into your pocket. you can find in caves and in deserts. now we see hollywood style productions. incredibly professional. they have their own drone footage. they had filming of a raid on a syrian or iraqi military base. it was even set to music. there was a voiceover. it is absolutely professionally done, and it is hard for the u.s. government to compete with that. >> i want to pause with fran with -- i want to applause fran and with what the counter extremists organization has done. sometimes the government is not the best messenger on countering the brutal message that isis is sending. we need muslim voices, we need voices from the arab communities, we need arab communities to join the coa

this record-setting truffle weighs in at a record and sold for $61,250 at sotheby's. >> and seema, you are a food and wine lover, but perhaps it's best that you stay out of the kitchen and leave the professionals to it, yes? >> why would you say that? >> here is your attempt to bake cookies over the weekend. what happened? >> i don't know, wilfred. maybe it has to do with how the ovens work here. i'll blame the oven, not my cooking expertise. i'm honest about the skills i have and clearly baking is not one of them. >> clearly, i know. i'm glad i didn't have to taste those. >> do you think you're better? >> we have to move on so i don't have to answer that question. >>> still to come on the show, if at first you don't succeed, try, try again. will the dow finally hit 18,000? we'll preview the trading day ahead after this short break. >>> it is 5:30 in new york and a big day for global markets. china data weaker than expected. we'll run you through all that in the next half hour. >>> indeed, here are the headlines. >> the futures indicate a lower open after another record-breaking week f

tomorrow sotheby's will sell a truffle, a mushroom, found in italy, four pounds. a guy in china. that's the sign of a double. a million dollar mushroom. >> i was going to say, maybe it is -- the last one was half a million bucks in 20 10. it tells you we have come -- i want to know who buys it? still the chinese buyer? >> russian or chinese, guarantee. >> really? >> jim? >> i'll look at the currencies. the yen is following. the euro is following. the yen is starting to accelerate its decline. while that's a plus now, for the dollar, if it goes too far, too fast, it could become a concern for the market. we're looking for the markets to go higher. >> to your end, do we talk about a meltup or too soon? >> the third year of the presidential cycle is also provides a tailwind for stocks as well. we have the end of the year and the third year of the presidential cycle. >> your prediction on the spot here again, it is so fun to do, when do we hit above -- >> i think it could be next week. we came very close today. it is a matter of how do we close through it? do we do it