we reached out to sotheby's but did not get a response. so how many millions could be lost here when opinions change? >> countless. countless. and that can happen in the blink of an eye. >> reporter: it's not just art. at golden auctions, sales of sports collectibles topped $25 million last year. >> billionaires buy sports teams. the multibillionaires buy sports memorabilia. >> reporter: he says jerseys were later found to be counterfeit. >> as years went by and authentication standards improved, everything revolves around who is authenticating it. >> reporter: he offers insurance in case things change. >> that would allow us to reimburse the customer for this event happening because we sold it as authentic. >> reporter: when it comes to priceless art -- >> not including a work in a catalogue is essentially saying it's not right and no explanation beyond that is really necessary. >> reporter: and he says even the courts won't usually go against it. his best advice, do your due diligence before the sale to minimize any risk. but even with a

basquiat sold at sotheby's for $110,000. it had been previously bought for $19,000.ad return on investment. we are joined by robert frank on a rare "fast money" on-set appearance. >> not a bad return for all of luxury right now, if you look at the competent move, it was on full display when it outsold for $110,000. that was nearly double the deficit and a new record for any american artist and the sixth most expensive painting sold at auction. the buyer was a 41-year-old japanese e-commerce billionaire. he posed with the new trophy on instagram saying when i first encounterred this painting i was struck with so much excitement and gratitude of my love of art. the buying and bidding were strong. this is the biggest week for art in new york. sales topping $144 billion. we're still getting numbers in, it will go higher. it was up from last year at 1.1. the headlines in d.c. it helped that there were some true masterpieces that had not been up for sale in decades. let's look at a couple more. the sister painting is at moma. this went for $51.8 million. sales were strong

a graffiti painting of a skull breaks an auction record at sotheby's.uction record at sotheby's. don't put up with almost clean. finish quantum, proven to clean better than cascade complete gel. switch to finish quantum and get really clean dishes first time, every time. befi was active.gia, i was energetic. then the chronic, widespread pain drained my energy. my doctor said moving more helps ease fibromyalgia pain. he also prescribed lyrica. fibromyalgia is thought to be the result of overactive nerves. lyrica is believed to calm these nerves. for some, lyrica can significantly relieve fibromyalgia pain and improve function, so i feel better. lyrica may cause serious allergic reactions... or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling, or blurry vision. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs and feet. don't drink

in 2005, it sold for $996,000. >> sotheby's believes the naismith rules will fetch more. >> if you'retball fan, you could certainly consider them the magna carta of basketball. >> they set the minimum bid at $1.3 million. that's less than the $5 million the rules were once appraised for. the proof will be in the bidding. >> it's like a horse race. you just don't know how it's going to end. >> or where they'll end up. jim, it's like fort knox here. >> [ laughs ] >> next... what's your "strange inheritance" story? we'd love to tell it. send me an e-mail or go to our website -- strangeinheritance.com. >> now back to "strange inheritance." >> it's december 2010 in new york city. the heirs of james naismith, the man who invented basketball, are ready to sell the original set of rules that naismith posted in a ymca gym back in 1891. the famed sotheby's auction house has set the minimum bid at $1.3 million. >> the auction generated a tremendous amount of excitement. >> unbeknownst to the naismith clan, a lawrence, kansas, native and k.u. grad turned texas billionaire named david booth is one

sotheby's next week is set to auction off a pair of earrings in geneva that together could fetch $70 million. the pink stone is the artemis pink, a 16 carat fancy intense pink estimated to sell for $18 billion. its brother, apollo, is even more rare, a 14.5 carat internally flawless blue diamond that was mind in south africa and could sell for up to $50 million. while they were cut into pear shaped stones to match, they'll be sold separately at the auction. diamond dealers say the buyer could turn either into a necklace or ring or keep them both as earrings. >> i would love it if they were sold to the same person. very often when we've sold things separately, they do end up with the same buyer. but it also gives the possibility of somebody who wants the blue or the pink to buy them as well. >> reporter: color diamond prices have surged in recent years as the world's super rich look for easily portable and appreciating stores of wealth. the pink star sold last month by sotheby's for $71.2 million, making it the most expensive diamond ever sold at auction. christie's sold the 14.6 cara

in 2005, it sold for $996,000. >> sotheby's believes the naismith rules will fetch more. >> if you'refan, you could certainly consider them the magna carta of basketball. >> they set the minimum bid at $1.3 million. that's less than the $5 million the rules were once appraised for. the proof will be in the bidding. >> it's like a horse race. you just don't know how it's going to end. >> or where they'll end up. jim, it's like fort knox here. >> [ laughs ] >> next... what's your "strange inheritance" story? we'd love to tell it. send me an e-mail or go to our website -- strangeinheritance.com. bp developed new, industry-leading software to monitor drilling operations in real-time, so our engineers can solve problems with the most precise data at their fingertips. because safety is never being satisfied. and always working to be better. the toothpaste that helps new parodontax. prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try new parodontax toothpaste. ♪ stay wi

in 2005, it sold for $996,000. >> sotheby's believes the naismith rules will fetch more. >> if you'refan, you could certainly consider them the magna carta of basketball. >> they set the minimum bid at $1.3 million. that's less than the $5 million the rules were once appraised for. the proof will be in the bidding. >> it's like a horse race. you just don't know how it's going to end. >> or where they'll end up. jim, it's like fort knox here. >> [ laughs ] >> next... what's your "strange inheritance" story? we'd love to tell it. send me an e-mail or go to our website -- strangeinheritance.com. >> now back to "strange inheritance." >> it's december 2010 in new york city. the heirs of james naismith, the man who invented basketball, are ready to sell the original set of rules that naismith posted in a ymca gym back in 1891. the famed sotheby's auction house has set the minimum bid at $1.3 million. >> the auction generated a tremendous amount of excitement. >> unbeknownst to the naismith clan, a lawrence, kansas, native and k.u. grad turned texas billionaire named david booth is one of th

and compete and we compete aggressively with sotheby's and christie's to offer competitive financialnts. >> and it's probably fair to say that the turnaround strategy for the auction house. you've been termed aggressive poaching and you've seen a pivot to asia. how is that strategy pang out and what's next, phillip? >> we're extremely pleased with the progress that we're making. the sale around us now, probably represents the best sale phillips has had in new york. you know, we have a plan. we're executing on that plan. we think the market, especially if it's contemporary art, which we focus on almost exclusively, it warrants at least three players in the field. more than that, really. and i think the market and our clients are very well served by having a third voice in this conversation about contemporary art. >> using this sale, the upcoming sales is the one that is perhaps the best put together. are you saying an equivalent response from buyers? are they recognizing that? >> yeah, absolutely. and i think more and more people are talking to us about selling works of art. it's exac

on a whim, the woman had it appraised at sotheby's and to her amazement the expert told the woman that it was actually a 26-carat antique cushion cut diamond. that $13 ring is expected to fetch at least $450,000 when it's sold by sotheby's in july. >> how about that. >> no doubt she's going to sell that fast. >> now to the big talkers today. starting with one oregon today's facebook page. >> his message i'm not the babysitter, i'm the dad. as jessica was preparing for a trip out of town, her husband find himself on the receiving end of a string of what many probably intended as compliments. who will get them to school on time. and here's the one that really bothered him. so good of you to babysit while your wife is gone. and that prompted this post. >> i'm not the babysitter. i'm not just their play mate. i'm their dad and i'm looking out for them and guiding them and caring for them is my responsibility. >> he says all those back-handed compliments are a double standard expecting less of dads than we do of moms. that post has been shared thousands of times. >> i like his approach. now

. >> 110 1/2 million dollars at auction at sothebys. >> what is that, velvet? is that velvet? >> it is the sixth most expensive art -- piece of art ever sold at auction. >> the winning mid was made by telephone by a japanese billionaire who was too embarrassed to show up in person. he bought another basciat last year for just over $57 million. >> the bargain price of $57 million for that basquat. >> okay. think how many shoes you c >> a pair. >> a pair. >> if you're lucky, they'll match. coming up in time for summer, "baywatch" is back. >> what dwayne "the rock" johnson, friend to one of this show's stars, is saying about the new movie, and his latest love for diane. >> for us. >> diane. he doesn't even know i exist. you're watching "world news now." >> you sound bitter. >> i am. can be. ou know how painful hean for fast-acting, long-lasting relief, try doctor recommended gaviscon. it quickly neutralizes stomach acid and helps keep acid down for hours. relieve heartburn with fast- acting, long-lasting gaviscon. and helps keep acid down for hours. and they happen easily. the ot

sotheby's sold the world's most expensive pair of earring force almost $58 million. i guess one blue, one pink? the two are perfectly similar except the color. the other one is blue. the chief auction near declined to identify the buyer. let's talk more about the diamond business with tobia tobias corman. what was the significance of yesterday's sale? why would anyone buy diamond there's a are two colors? >> the significance of the sale is that they're the most expensive pair of diamond earrings ever to be sold which is fantastic. sets a new record. the stones themselves extremely unique. so colored diamonds are incredibly rare. and when you have a vivid blue which is internally flawless, had is one of the two stones, talking about the third most blo blue ever sold at auction, and pink the most expensive on the stone list so we're seeing an influx of wealthy buyers looking for alternative asset classes, going for extremely rare stones. >> why is it that colored stones, especially pink ones, are doing so much better than simple white ones? they're not simple, but rose

sotheby's ceo tad smith joins us. the first interview since the massive action.ear about the moment, the moment that painting was being auctioned and there were two bidders by the end, correct? >> yes. liz: describe the scene. >> first of all you could hear a pin drop. we have a marvelous action ear named ollie barker. he held the room in perfect suspense in his hands. we were simply waiting to know whether there was going to be the next bid and then there was. another wait, and then it stopped and everyone you knew, the hammer came down and history was made. liz: i heard when it got above 80 started to hear gasps. >> interestingly the first gasp when he started auction bidding at 57 million which is is the world record for basquiat until yesterday. there were multiple gasps after 80 or 90. liz: not everybody's taste. he died at age 27, half haitian, half puerto rican is very hotç right now. >> extraordinary artist. >> the second highest painting that sold that was a roy liechtenstein, am i correct? >> yes. it was a beautiful liechtenstein, $24 million it, was a

. >>> sotheby's is getting ready to ship -- auction off a face rag. >> it was used on the apollo mission to bring the first moon dust back to earth in 1969 and a chicago woman bought it for $995 at a government auction in 2015 and she sent it to nasa to confirm the authenticity and nasa refused to give it back. the woman sued the space agency and was ultimately awarded ownership by a federal judge. it contains traces of moon dust and is expected to bring in millions when it is auctioned off on july 20th, the 40th anniversary of the historic mission. >>> if you have a consumer problem or question, email us @consumer auction -- consumer watch @cb ssf.com. >>> we'll be right back. >>> today at 5:00, first look at the $43 million dublin waterpark and all the excitement in store for the summer. that and more coming up at 5:00. >> that was what you wanted, right, roberta? >> juliette goodrich won big time. she will go down the slide for us. i would pay to see that. >>> have a great day, everyone. ♪ >> charlie: no, no, no, no. wait, wait, wait, wait. >> pam: charlie -- >> charlie: you said pari

at sotheby's. >> kendis, you shouldn't have. >> i didn't. >> $57 million. >> yeah, that was so nice. >> one makeup present there. holy cow. >> so sweet. >> imagine if you lose one. >> oh. i don't think i would want to wear something that expensive. >> no. after a long winter and spring, some people can't wait to get to the beach. like, that guy. >> he was so excited to dig his toes in the sand he drove right up to the water to get a close view. clearly though. little too close. >> that is good. good. >> painful. mother nature was going -- oh. to win this one. apparently wanted to take pictures of the suv ocean. >> mission accomplished. got a little too close. >> eventually, a tow truck came in. and pulled the vehicle of that whole situation. note. for any one else, with any ideas, don't do that. >> that's. >> yeah. the very elaborate psa this morning. >> just hurts to watch. >> dent -- don't do that. >> testing the four wheel drive. little too much. >> doesn't quite work. >> no. >> all right. well coming up. roseanne returns to television. >> it's been 20 years since the final episod

so we like lvmh, louis vuitton, tiffany, sotheby's. or go with value, t.j. maxx, ross, costco. you want to play the theme of what's un-amazonable. that's a theme i follow closely. amazon is an awesome convenience stores. but if you're going to buy a diamond or a $100,000 art piece, you're going to go to luxury goods. and if you're going to go for a sale, you'll go to the stores to get that discount. >> bob says experiences are taking the place of regular retail shopping. i guess you could argue lvmh or a tiffany's, when you go into those places, it's an experience as well as a purchase. >> it really comes back to brands and running a great brand. at the pinnacle of luxury, it's about heritage, it's about craftsmanship, underpinned by innovation. if you own a great brand like a louis vuitton, a lululemon, that's a powerful resource. think about that is important. costco, another great retailer, very well-priced items, deep value. customers always like a bargain. keep in mind that's another name we like too, because value will always be in style. >> on that note, thank you so muc

at sotheby's last night when the painter who died nearly 30 years hit the big time.s sideling it on of the room. there warming. selling, thank you, sir. $98 million. >> the sales price, when commissions are included, 100 million plus dollar club along with pablo picasso and francis bacon. we deftly had the idea everybody felt it was a masterpiece. the previous record price was less than half -- we are going into very new territory. >> the buyer is a japanese fashion retailer and was fascinated. >> the way they put images and text together is extremely influential. added to the fact that he is a black american artist, it is an explosive mix. add theat you can mythical nature of the artist's short life. it was memorialized in his biopic with antiwar all played by david bowie, who himself was a collector of the one-time street artist's work. whatever you think of the high-priced tape, there is no question that the artist fits into the story of modern art. something i find quite alarming about that picture, the expressionism of vincent van gogh, and the street art scene

the pear shaped 14 karat apollo blue and nearly identical art must pink sold at sotheby's for $57.4 millionord was set just last year by the way for just $17 million. >> see, they're an investment. >> they are. but they don't match, though. >> so kind of you to buy them. >> shouldn't you afford -- shouldn't -- if you're spending that much shouldn't they match? >> you got one earring on that side. a whole other look. >> i'll tell you who didn't buy it from texas who filed a lawsuit after a bad date. >> so, the guy on that date was brandon vezmar. he met a woman on a dating app bumble. inside the theater all thee did was text fr to take it outside she left and never came back and now he's suing her for $17.31. the price of the movie ticket. >> at this point i decided to file a lawsuit. this is why, no personal responsibility. it was the friend, it was the phone, it was you. it's nonsense. >> and the lawsuit he calls her behavior during the date a threat to civilized society. >> she says his behavior made her feelup with good morning washington. it's wednesday, may 17th. and get ready for a ho

reporter: the most expensive painting of the week is likely to be this untitled piece being sold by sotheby's that could fetch over $60 million. the other big star is this triptych by francis bacon. this twombly could top $50 million. they're a far cry from the $100 million plus sales we saw in 2014 and 2015. the next two days will determine whether the art market is at all colored by the trump turmoil in washington. for "nightly business report," i'm robert frank. >>> before we go, the drama in d.c. spreads to wall street. the dow drops 372 points, nasdaq off 158. the s&p 500 fell 43. add to go the intrigue, former fbi director robert mueller will be appointed special counsel in the russia investigation. we'll see if that impacts the markets tomorrow. >>> that is "nightly business report" tonight. i'm sue herera. thanks for joining us. >> thanks from me as well, i'm tyler mathisen. have a great evening, everybody. we'll see you right back here tomorr >> this is bbc "world news america." >> funding of this presentation is made possible by the freeman foundation and kovler foundation, pursuing

sotheby's putting up for auction, nasa confirmed it is authentic, auction taking place on july 20, theersary of the apollo 11 moon landing, the bag is expected to go for two, to 4 million. the current owner of the bag wants to donate some of the proceeds to charity. >> my goodness, i hope so. >> i don't know, $2 million for some dust? i mean, i understands some historical significance there. >> sure. >> i try to get dust out of my house, i don't want to bring it in. >> you're right. historical significance, it is intergalactic, i get that, but that's a lot of money for a bag every dust. i mean, i got my vacuum. coy just grab that. not quite the same. i get it. so we have some fog that's developed out there, guys. looking at one of the network shots, out go to certainly very dark picture. show it to you, i want you to focus in on the street lamps off in the distance. you can tell that there is a fog out there. so outside whitt fields elementary school, west lawn, outside to reading. but you have fog issues. we've seen visibility down to half mile in a lot of spot, to the southwest we go

a record night as sotheby's in new york. by jean michel paschi at sold for $10.5 million, the most ever -- jean m highest evert, the for an american artist. all markets are bouncing back as donald trump travels to riyadh. crude prices down by half, but crude production is of dramatically. we are talking with rupert about the range he had for oil which has proven fruitful between $40 and $60. talk to me about where you see oil. the fact it has risen a little in the last week is on hopes that saudi and russia will continue production cuts. >> you'll probably get it agreed by the rest of opec. he still have decent compliance, 97%. there is a sense it is the right thing to do. even iran. this is a chart i show frequently, but one of my favorites. if you look at what rupert is looking at come it is between $40 and $60, but the economy in a country like saudi cannot go much below $49 or $50? kona: going for market share strategy, the u.s. oil shale producers are the winners. of $55 ise target there, ideally $60. that would help th

sotheby's in new york says this price is record, at auction for an american artist. >> and, reebok trying to cash in on new rom err with new re romper t has hood, cargo pocket, and a half opening. the male romper craze started with a kick starter campaign for romp-him. that is romper foremen. the internet, though, still divided on whether a male ones i is a good look. what do you guys think? >> i'm not divided on that at all. >> no, i'm with you, i say no. >> no thank you. the next trends, let's see. >> who thought this was a good idea, right? >> also, it is hard enough for women to pull off a romper. that's not a good -- that's not easy. >> not at all. but if you do it, more power to you. >> all right, jill, thank you. from the romp-her to this, what will they think of next? testing self-driving trash trucks on closed course next month. truck evens backs down street, in reverse, using lazer centers to stop at garbage cans. volvo engineers says it is more efficient way, when the trash man can stay near, it is a closed course tell, volvo says it will move the trucks to public street this f

the moment is about to arrive at sotheby‘5 last night. 65 million on the telephone. bid, sir? $69 million. hit the big—time. the hammer is up, 5ir. i'm selling it on this side of the room. it's yuki'5 bid. a fair warning and selling, thank you, sir, for $98 million. thank you, yuki, congratulations. the sale price when commi55ions are included puts him in the exclusive auction house $100 million plus club. along with pablo picasso and francis bacon. we definitely had an idea that everybody felt that it was a masterpiece but the air get5 pretty thin at those sort of levels financially. so, of course, the previous record price was less than half what we've achieved this evening so you're going into very new territory. the buyer, yusaku maezawa, a japanese online fashion retailer, was delighted, he said, at winning this masterpiece, which is great. but why might he have been willing to pay so much? it's the kind of rock and roll way he put images and text together, it's extremely influential. that mixed with a kind of expressioni5tic 5tyle of painting, added to the fact

the ring is scheduled to be sold at sotheby's on june 7th. in sports... we will of course update you on the warriors... as they try to close out the spurs in game four of the western conference finals... ... and lebron james... after one of his worst playoff performances... calls out a reporter he suspects has an "agenda"... gary has that story... and all the sports... coming up the warriors trying to close out the spurs and becme the first team to start the playoffs 12-0right now... after being so dominant in games 1 and 2 last night's performance by the cleveland cavaliers especially lebron james was quite a shockerjames had one of the worst playoff games of his career after his team blew a 21-point lead to lose to the boston celtics in game 3james finished with only 11 points and had 6 turnovers he scored 1 point in the final 18 minutes of the gameafter the game james called out a reporter he suspects has an agenda(sot: james) "couldn't get into a rhythm tonight, was that what it was? based on their defense or just not feeling it or what?

it will be auctioned off at sotheby's next month. >> that's a pretty good investment. >> investigatorsrying to unravel a mysterious deadly fire. ahead what we've learned about the victim and the owner of this property. >>> and police arrest a man shown on surveillance attacking this man with a disability. >> also both sides of the cosby case are in pittsburgh to select jurors for next month's trial in montgomery county. that and much more coming up next at 6:00. for the entire action news team i'm wick williams, have a nice evening. good night. ick williams, have a evening. good night. rick williams, have evening. good night. ♪ ♪ tires have a new home. midas now sells great brands at great prices. get $100 off instantly on select goodyear and cooper tires through may 31st. find your tires online. trust the midas touch. a student melee in philadelphia and a truck crashes into a building causing a hazmat situation in delaware. but the big story on action news tonight is new information about that deadly fire in north philadelphia. the woman killed in the blaze has been identified by fami

sotheby's broke a record for the sale of a painting, $110 million -- >> but it doesn't get sold hered. hid liz why do you say that? >> because they don't have as much money here this week with delegates at salt as they have in the south of france, china, the russians and -- liz: that's the painting. what do you think of it? it's a cull. >> it's a mess. [laughter] liz: the buyer, we understand, is a japanese -- >> of course. i hope he hangs it in the staff canteen in tokyo. [laughter] liz: let's talk wealthy are spending differently now than they did back when you were covering brooke shields. >> i think they're still spending the money that they spent back then. and i think, you know, in the introduction when you said president trump is going to make it okay to be rich again, i think that's true. there's beyou know, the previous administration didn't like rich people, they didn't think rich people should exist. but, you know, they thought they were robin hood where they robbed the rich to give it all away to the poor which is cruel and an inhumane way of running life, by the way. liz

. >> 110.5 million yesterday at sotheby's. it is the six most expensive work sold at auction.oted japanese collector scored the painting after a ten-minute bidding war. he took to instagram saying when i first encountered this painting i was struck by so much excitement and gratitude for my love of artwork. good for him. >> ten other works have broken the 100 million mark, picasso, that puts him in the league of picasso. >>> coming up, the must reads. the opinion pages weighing in on the president's first upcoming trip abroad. stay tuned. we'll get those to you. you're watching "worldwide exchange" on cnbc. >>> welcome back to "worldwide exchange." time for our must-read stories. my pick is in the "wall street journal" titled trump goes to saudi arabia. both the prince, the crown prince, and the president seek success to bolster their leadership. easier to achieve in diplomacy than domestic affairs. mr. trump is guaranteed a win at least with the saudis because he isn't barack obama. the president has further pleased riyadh by making this his first stop on his first foreign tr

sotheby's handled the auction, and the winning bid was a record for the artist. any american artist. >> it is a cool picture. pretty cool. >> yeah. we're minutes away now from the top of the hour and the beginning of the "today" show. >>> matt holauer and savannah guthrie join us. >> $100 million million -- a lot of cash. anyway -- >> yeah. >> you could buy a lot of shoes with $100 million." right, trace? >> now you're talking my language. >> yes, i clou-- i know. >>> coming up on a friday, president trump empbarks on his first foreign trip. dogged by scandals and controversies here at home. how will they impact what he hopes to accomplish, and could he name a new fbi director before he leaves? we're live at the white house. >>> also ahead, florida's massive python problem. we're live with the brave people who are trying to get this under control. >>> and we have one of the most powerful voices in music in concert on our plaza. we're going to hear from mary j. blige in our 8:30 half hour. lots of people gathering on a beautiful morning in the east. we'll see you

. ♪ the 1982 painting of a for $110.5 million at sotheby's last night. the sixth most extensive work ever sold at an auction. earlier this week, i spoke with the gallery owner, who held a record with his sale of "untitled devil" last year to the same buyer. here is our conversation. let us start with the obvious. how did you go from being a lawyer to a gallery owner? >> well, it has been a long and somewhat circuitous path. when i got out of college, i got asknow andy and iran around a 20-year-old, thanks to a friend, and she was a dear friend of andy's. the art world was kind of glamorous and exciting for me and as soon as i professionally had the wherewithal, i began to collect, and collect what i knew, and the people and you and the moment i was excited about. charlie: that makes you a collector, but not more. now, you have two galleries. i have rich in two books on collecting. i wrote for the observer for four years, which i enjoyed. the art market is so exciting. charlie: what is the art market like today? >> we have been on a bull run since late 19

but i don't think sotheby's will go along with it.umor is the anonymous buyer is going to change the name. will keep you posted. >> of the earrings? >> of the earring. they're now apollo and artemis. they want the rename it falling leaves -- i don't know. i will keep you posted. that's what i read. >> yeah, this is all troubling. >> i don't know why. they don't look like falling leaves. >> no, they don't need names. >> no, they don't. >> see you later. >> you got it. >> thank you, sue. sue herera. flip to courtney reagan for another earnings alert. >> hi there, kelly. we have l brands, the parent company of bath and body works and victoria secret. the company reporting earnings of 33 cents. that does beat analysts expectations of 29 cents. the revenues coming in, what the company told us previously, remember, this is one of the retailers that still gives us the monthly updates for sales and comps. comps, by the way, for the fourth quarter something we knew but down 9%. what is interesting about that is this is the first quarter they'r

. $110.5 million at auction at sotheby's. >> what is that velvet?sive piece of art for sale at auction. >> made by telephone who was too embarrassed to show up in person. he bought another one last year for just over $57 million. >> oh, the bargain price of $57 million. >> did you like that? >> okay. think about how many shoes you could buy with that. >> like two jimmy shoes right there. >> a pair. >> exactly. >> if you're lucky, they'll match. >>> coming up just in time for summer, "bay watch" is back. >> what dwayne "the rock" johnson one of the stars is saying about the new movie. and his latest love for diane. >> for us. >> diane. he doesn't even know i exist. you're watching "world news now." >> you sound bitter. >> i am. for fast-acting, long-lasting relief, try doctor recommended gaviscon. it quickly neutralizes stomach acid and helps keep acid down for hours. relieve heartburn with fast- acting, long-lasting gaviscon. and helps keep acid down for hours. and they happen easily. the other side of this... is they can be removed... easily. spray

yeah, now that woman who wishes to remain unknown will get a serious return as it hit the sotheby's auction return on your investment. >> wow. >> i want to pack my car and head there. >>s that is why you -- ? that's why i brake for yard sales, people. [ applause ] >> set you up. >> that's right. >> i thought about you -- >> you saw a flea market. >> you didn't go? >> i didn't have time. >> i bet it would be very hard for you to get a bargain. >> i put a cap in my treat and wear a cap on my head. >> i'm sure no one would know. >>> a quickie i thought was funny. did anybody check out "snl" saturday, season finale. very funny. alec baldwin has nailed the comedic impression of president trump onsome and now offering lessons on how to find your inner trump but only to his 3-year-old daughter carmen. take a look. >> we go like this with our hands and we say, saturday. >> saturday. >> saturday. saturday. okay, everybody. >> okay, everybody. >> saturday. >> oh. >> love that. >> that's funny. >> alec's wife elyria posted that on her feed. we're sure it's going to be huge and helped yield the highest

this painting, selling for a price that brought gasps from the crowd at sotheby's.ell you what it sold for and who the buyer was. >>> and powerhouse of the week. we take you inside ellen degeneres's negativa estate in california. bet you there is plenty of room for dancing. "power lunch" will be right back. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. ♪ ♪ i'm dr. kelsey mcneely and some day you might be calling me an energy farmer. ♪ energy lives here. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time a

sotheby's has sold a pair of pear shaped diamond earrings. pinkpollo blue and artemis diamonds cracked the range of $50 million to $70 million and were a record for earrings sold at auction. global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries around the world. this is bloomberg. francine? francine: thank you. the u.s. dollar has fallen for a sixth day and futures are pointing lower after the latest controversy involving president trump. he asked the former fbi director to drop the investigation into ex national security adviser michael flynn, according to a person who was given a copy of a followingcomey wrote his oval office conversation with president trump. it introduces the possibility that the president might have obstructed justice, which is an impeachable offense. the white house has denied the version of events described in the memo. let's get more on this with bloomberg's global business correspondent, stephanie baker. we also joined onset in london maxeoffrey yu and kettner. stephanie, let

darya) the gem is expected to be auctioned for just over 450-thousand dollars when it's auctioned by sotheby's next month. (mark) a piece of space history is going on the auction block. it's a bag that was used by astronaut neil armstrong to bring the first sample of lunar material ever collected back to earth. (darya) the current owner recently sent the bag to nasa.. which confirmed it is genuine... and the dust inside is indeed moon dust. the auction will be held july 20th.. the anniversary of the apollo 11 moon landing.(mark) the bag is expected to bring in between two and four million dollars. the current owner plans to donate part of the proceeds to charities. (james) tracking your morning forecast... the world according to gary is after the break. (darya) the golden state warriors are heading to the n-b-a finals for a third year in a row. the warriors returned home early this morning. this is new video of them getting off the plane in oakland. you can see them carrying the trophy. they also become the first team in n-b-a history to start the postseason 12 and 0. the dubs swept the spurs,

an a artist painted this in 1982, it just sold for a record $110.5 million at sotheby's last night.ese billionaire after a 10-minute bidding war. $110.5 million. >>> here is the shelby american custom f-150 super snake. it's returning as of this year. they're only going to make 150 of these trucks. the starting price, $96,000. i presume if it's a shelby, it goes like a rocket. >> yeah, but come on. that much? stuart: okay, you're not buying. >> he's not buying. stuart: ashley's not in the market. ford's stock is putting $50 million -- 350 million into a michigan plant, still below $11. here's what's next for you, president reagan's former personal assistant after he left the white house. wait until you hear her story about how she had to pick pup a stetson hat for mikhail gorbachev. ♪ ♪ .. >> in this present crisis, government is not the solution to our problem, government is the problem. >> nothing changes, he was right then, he would be right now if he said it now. former president reagan, you heard him there. donald trump is taking up the torch trying to scale back the government

chicago woman hoping to cash in on bag of moondust a bag of moondust, 995 bucks at auction sotheby'soeing plane a lot more "mornings with maria" when we come right back. # so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. so new touch screens... and biometrics. in 574 branches. all done by... yesterday. ♪ ♪ banks aren't just undergoing a face lift. they're undergoing a transformation. a data fueled, security driven shift in applications and customer experience. which is why comcast business delivers consistent network performance and speed across all your locations. hello, mr. deets. every branch running like headquarters. that's how you outmaneuver. >>> . maria: welcome back opec reportedly extending production cuts for nine more months according to rioters saudis energy minist

she put it up for auction at sotheby's, 4 million smackers. >> not just any dust.ust collected by neil armstrong. >> who gets the money? >> she does. but she's going to share it with clarities and scholarships. >> it says on the bag lunar sample. that might have been one hint. >> that's a giveaway. >> right there. huge thing on the bag. >> lunar sample. >>> what qualities do you think makes someone attractive? >> i like a nice smile. >> and eyes. i like eyes. >> go like this, jenna. >> oh, what? >> is it lipstick on the teeth? >> yeah. >> you ladies work that out. i'll keep doing this. it's not just good looks. researchers in poland say that people base attractiveness on a number of factors, including two surprising ones maybe. the way you smell and the sound of your voice. they say some scents are just sexier. and vocal cues can help you make judgments about the other person. help you make judgments about the other person. >> i believe that. >> when ryan tenor from one republic was on. and i was like, you smell so good. >> and all of a sudden, you were attracted t

another premarket winner auction house sotheby's did lose 21 cents per share from its latest quarter.all street had anticipated. revenue beating forecasts on an increase of commissions and fees. >> can i jump in? couple new tweets from the president just came out. donald trump tweeting this, watching senator richard blumenthal speak of comey as a joke, ritchie, meaning blumenthal, devised one of the greatest military frauds in u.s. history for years as a politician in connecticut blumenthal would talk of his great bravery and conquests in vietnam. except he was never there. when, and we're waiting on a third tweet. so now president trump on twitter is going after richard blumenthal who has been one of the leading proposants for calling for a special counsel, special prosecutor in this firing of comey. >>> steve liesman is with us on set this morning and he joins us with a very special guest. >> becky, thanks very much. i'm here. we are here with former treasury secretary jack lew. thanks for joining us, mr. secretary. >> great to be with you this morning. >> you knew james comey. you

she put it up for auction by sotheby's estimated $4 million. >> it's not just any dust, that's moon dusttrong! >> who gets the money? >> she does but i guess she'll share some of it with charities and scholarships. >> it does say on the bag "lunar sample." [ laughter ] that may have been one hint. >> that's a giveaway. >> huge thing on the back. >>> a question for everybody. what qualities do you think makes someone attractive? >> like a nice smile and eyes. i like eyes. >> i like -- >> go like this, jenna. >> what? >> is it lipstick on the teeth? >> you ladies work that out. so it's not just good looks. researchers in poland discovered people base attractiveness on a number of factors including two surprising ones, maybe, the way you smell and the sound of your voice. they say some scents are sexier and vocal cues can help you make judgments about the other person. >> i totally believe that. >> yes, remember ryan from one republic, i was like "you smell so good." >> and then all of a sudden you were attracted to him? >> well, no, he just -- he spelled good. but that made him more appeal

yesterday at sotheby's auction.he sale of the painting is the sixth most expensive work ever sold at auction. there were only ten other pieces that broke the 1$100 million mark. it was the biggest number for an american artist. >> i will keep my thoughts to myself. >>> gap shares rising on better than expected results. dana telsey joins us now. gap is up 4%. you can see if we zoom out to the longer-term chart, the narrative around gap seems to change every two weeks. >> right. what do you think is going on, given the broader struggles of brick-and-mortar? >> overall the gap has three brands. the core gap brand is trying to reinvigorate itself. old navy was the driver of the earnings beat. 8% comp is a good number. >> 8%? >> 8%. they haven't had an 8%. that's a terrific number. does that include online presence there from old navy? >> yes. overall the business did better in the first quarter and the gross margin was better. the aur was up. >> what's aur? >> average unit retail price. i do a weekly trend report, i loo