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Record Breaking Sale of Michael Jordan and Kobe Bryant Signed Card Fetches $12.9 Million

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A signed sports collectible card featuring Michael Jordan and Kobe Bryant sold for $12.932 million Saturday night, breaking the record for the most paid for a sports card of all time.

The 2007-08 Upper Deck Exquisite Collection Dual Logoman Autographs Jordan & Bryant card, numbered 1-of-1, surpassed the 1952 Topps Mickey Mantle card, which sold for $12.6 million in late August 2022.

Only Logoman Card Featuring Both Michael Jordan, Kobe Bryant

The Jordan/Bryant card was sold with Heritage Auctions. The buyer’s identity was not revealed. It is reportedly the only dual Logoman card featuring both Jordan and Bryant.

“This is the only time there’s been Jordan and Kobe autographed Logomans,” said Chris Ivy, Heritage’s director of sports auctions. “Another one can’t be created. It’s always been looked at by modern basketball collectors as a holy grail.”

What increased the card’s value was that the Jordan jersey patch is a gold variant, as the jersey comes from the 1996-97 season, when the NBA celebrated its 50th anniversary.

Michael Jordan-Kobe Bryant Signed Card Sells For Record $12.9MMichael Jordan-Kobe Bryant Signed Card Sells For Record $12.9M

The Jordan/Bryant card is the second-most expensive sports collectible of all time behind Babe Ruth’s 1932 World Series “called shot” jersey, which sold for $24.12 million.

“[They were] kind of mocked, but it tapped into a demographic that wasn’t interested in gimmicks: They just wanted the best of the best,” Ivy added. “They were adding patches and signatures, Logomen — this was [one of] the first times logos from the jersey were used in this manner.”

Exquisite Once Had $5.2 Million LeBron James Rookie Card

According to ESPN’s Dan Hajducky, Ivy stated during an interview that he remembered when Upper Deck first released Exquisite, charging $500 for one five-card pack/box for the 2003-04 release.

Per Hajducky, that was the set responsible for a $5.2 million LeBron James rookie card, which previously held the record for most expensive basketball card until Saturday.

The rarity of the Jordan/Bryant card explains the price tag, despite the card only receiving a 6 from card grader Professional Sports Authenticator (PSA).

“A 1986 Fleer Jordan in a grade 6 sells for a couple thousand while a [grade] 10 sells for almost $200,000 currently,” Ivy said. “Grades matter as far as pricing goes for standard-issue cards, but this is a 1-of-1, so the grade is less important overall to how the card performed.”

Jordan Memorabilia Remains A Hot Commodity

In March, a preseason, signed Bulls jersey from Jordan’s rookie 1984-85 season sold at a Sotheby’s auction for $4.215 million. Then in June, 1986-87 Fleer Jordan autographed rookie card sold for $2.5 million through Pharrell Williams’ auction house Joopiter.

The previous most expensive 1986-87 Fleer Jordan autographed card (PSA graded 8 card/9 auto) sold for $205,000 in March 2024.

In addition, a uniform Jordan wore for 17 games with the Chicago Bulls during the 1992-93 NBA season was sold for $2.623 million at Heritage Auctions in May, per Hajducky.

The demand for Bryant memorabilia also remains high. Collector Matt Allen, who goes by Shyne on social media, recently shared that he spent $4 million total on Bryant cards. Saturday would’ve marked Bryant’s 47th birthday.

Offshore Wind, Whether Fixed or Floating, Could be the Future of Renewable Energy

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There is a renewable energy available night and day. It is invisible. And it can be found in the sea. As already anticipated in the article’s title, it is offshore wind energy. This green power is one of the fastest growing in recent years. The latest demonstration is the auction of coastal water rights held by the state of California in the USA. It is estimated that the area, which covers 135,000 hectares, could power 1.5 million homes. Much of this area is deep water that will require new approaches, such as floating offshore wind.

This article covers topics like:

What is offshore wind energy

First, a basic definition: offshore wind energy uses wind turbines in coastal waters that can be attached to the bottom, both with fixed or floating structures. The most common models feature blades and a horizontal axis, i.e., the modern version of the traditional Dutch or Don Quixote’s windmills.

This type of energy could overtake onshore wind by 2030 according to IDAE estimates. With an increase of 48.5 % in the last decade, the speed of implementation of offshore wind energy and its contribution to renewable energies have been impressive. However, it is a relatively young type of energy. Offshore wind is barely thirty years old since the first offshore wind farm was installed in 1991 in Vindeby, Denmark. Today, almost half of the world’s installed capacity is in China.

 

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Advantages of offshore wind

There are several explanations for this warm welcome. Offshore wind combines many of the advantages of renewable energies. Firstly, in terms of sustainability or reduction in the use of fossil fuels. Secondly, it shares the characteristics of onshore wind, such as its high energy conversion capacity, which ranges from 20 to 40 %. However, it also offers some specific advantages:

  • Offshore winds are usually stronger than onshore winds. In the case of wind energy, small speed increases translate into higher energy yields.
  • Offshore winds are more uniform and continuous, allowing for a more stable energy supply.
  • The installation of offshore wind farms has a negligible visual impact.
  • As a rule of thumb, the most populated areas tend to be on the coast, which opens up the possibility of generating energy where it is most needed.

Of course, this energy is not without its challenges, such as installing the turbines in a more hostile environment like the sea, often at great depths. But, as we will see next, even these barriers are being overcome thanks to the latest technological breakthroughs.

Main types

As young as this renewable energy is, plenty of approaches have been tested over the past three decades. This includes the type of turbine, but especially how the structure is attached to the seafloor. There are two broad categories:

Fixed offshore wind

Until recently, offshore wind turbine platforms (FOWP) were always installed with a foundation fixed to the seabed up to 196-feet deep. This required various types of foundations, summarized as follows:

  • Gravity. Similar to their land-based counterparts, these wind turbines are installed without the need for special drilling. The ballast and the weight of the structure are sufficient. They are normally used in shallow waters, between 30 and 65 feet.
  • Monopile. This is the most common design in fixed offshore wind and is based on a tubular structure fixed to the bottom by drilling. It is usually used at depths of up to 82 feet.
  • Tripod and tripile. It is usually used for heavy turbines and is based on a central column supported by three sleeves and diagonal reinforcements to ensure the rigidity of the assembly. In the case of the tripile model, a transition piece is added above the surface. In both cases, depths of up to 164 feet can be reached.
  • Jacket or lattice. It resorts to gravity foundations but using three or four main legs that are joined by diagonal pieces forming a lattice. This system allows installations at depths below 164 feet, which is close to the limit of current fixed platforms.

Floating offshore wind

While offshore wind energy is highly efficient, much of the world’s coastal waters are deeper than advisable for a fixed foundation. As a reference, the deepest installation at present is a 190-feet-deep jacket platform in Scottish waters. How to overcome this limit?

Since 2007, some prototypes of floating offshore wind turbines have been installed, allowing them to operate at much greater depths. You can read a more detailed explanation here, both of its typology and its advantages, but for the moment, the following primary modalities have been proposed:

  • Spar buoy. Basically, it is a floating buoy with ballast at the bottom. The structure is anchored to the bottom by catenary or tensioned lines.
  • Semi-submersible platform or barge. This approach is based on a horizontal float anchored to the bottom with tensioned cables.
  • TLP (Tension Leg Platform). As the name suggests, this model uses several tensioned steel legs connected to a submarine base. Some estimates show that these offshore wind turbines could reach a depth of 650 feet.

Offshore wind power is not the only renewable energy that can be obtained from the seas. If you want to learn about other alternatives, you can read this article on wave and tidal energy or this one on blue or salinity gradient energy, which leverages the power released by the convergence of fresh and saltwater.

Source:

Lil Nas X denies felony charges following arrest in LA

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Christal Hayes

BBC News, Los Angeles

“This is an aberrant episode”: Lil Nas X appears in court

Rapper Lil Nas X has pleaded not guilty to injuring a police officer and resisting arrest after he was detained last week while wandering the streets of Los Angeles in his underwear.

The rapper, whose legal name is Montero Lamar Hill, is facing three felony counts of battery with injury to a police officer and one felony count of resisting arrest.

Police said when they responded to a call about a man wandering the streets partially naked, the Grammy-winning artist charged at them.

He was taken to the hospital for a possible overdose after the incident which happened in the early hours of Thursday, authorities said.

The 26-year-old artist was arraigned in a Los Angeles courthouse on Monday. His bail was set at $75,000 (£55,456), according to CBS, the BBC’s US news partner.

The BBC has reached out to his representatives for comment.

Unverified videos and images published by TMZ appear to show the rapper wandering the streets before the police altercation unfolded. They show the Old Town Road singer dancing along a Los Angeles street in Studio City, wearing just white underwear and white cowboy boots.

Later, he was seen without clothing and walking in the centre of a road. Footage published by TMZ shows him approaching a passing car as he raps lyrics from Kayne West’s song “Monster”.

His white cowboy boots, meanwhile, were apparently picked up by a passerby who listed them on eBay with a price tag of $10,000.

CBS Rapper Lil Nas X is seen in court wearing a jail uniformCBS

LA police told the BBC they had responded to reports of a nude man walking in the street along Ventura Boulevard in Studio City. He charged at officers when they got to the scene, officer Drake Madison said.

Lil Nas X spent the weekend in jail after the arrest.

The rapper is expected to release his much-anticipated second studio album Dreamboy later this year, and has recently teased new music on Instagram.

Lil Nas X became the first openly gay man to receive a Country Music Association award, after he won with Old Town Road in 2019.

He won two Grammy Awards in 2020 for Old Town Road, after collaborating with Billy Ray Cyrus.

The song also won two Grammys and broke the record for the longest-running number one song on the Billboard Hot 100, after 17 weeks at the top of the charts.

The singer has courted controversy throughout his career, with some conservatives in the US criticising the music video for his hit single Montero (Call Me By Your Name).

The singer responded with a fake apology video on YouTube, which cut into Montero’s infamous lap-dancing scene, and wrote on Twitter that he wanted his haters’ tears to “fill my Grammy cup”.

The Weeknd aims to secure $1 billion through music-backed financing, according to report

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The Weeknd is looking to raise roughly USD $1 billion in financing backed by his music catalog.

That’s according to Bloomberg, which reported on Saturday (August 23), citing people familiar with the matter as saying that the Canadian singer would pledge his stake in publishing rights and master recordings.

No agreement has been reached as discussions are still ongoing, the report said.

New York-based Lyric Capital Group is reportedly leading the talks, with The Weeknd (aka Abel Tesfaye) already reaching out to other investors to assemble the financing package of up to $1 billion.

The proposed deal structure with Lyric reportedly includes $500 million in senior debt, $250 million in junior debt, and $250 million in equity.

Chord Music Partners currently owns a 50% stake in The Weeknd‘s music publishing rights. Chord operates under a consortium that includes Universal Music Group and Dundee Partners, the investment vehicle of the Hendel family.

Meanwhile, Lyric Capital owns Spirit Music Group, which controls publishing catalogs from artists including Tim McGraw, Jason Aldean, and Ingrid Michaelson. Lyric completed fundraising for its second music royalty fund with approximately $800 million in commitments in 2023.

If a deal materializes, it would be one of the biggest catalog-backed music rights transactions in recent years. Apollo Global Management and Carlyle Group have already made investments in the space in recent years.

Tesfaye previously explored selling a portion of his music rights approximately two years ago with an initial valuation target around $1.3 billion, Bloomberg said, citing one of its sources. Those talks did not result in a transaction.

In July last year, Apollo confirmed that it led a $700 million investment into Sony Music Group. This “capital solution”, says Apollo, is intended to fund “investments in the music industry”. In 2022, Apollo Global Management led what it claimed to be the “largest-ever” asset-backed securities transaction for Concord, when the latter company priced a $1.8 billion bond offering backed by over 1 million music copyrights.

Earlier this year, Bloomberg reported that Carlyle Group is close to completing a $464 million bond sale backed by music rights.

Artists like John Legend and Justin Bieber have capitalized on their catalogs to secure funding. In 2023, Bieber transferred his music rights to Blackstone-backed Hipgnosis Song Management. Hipgnosis then issued $1.47 billion in bonds backed by royalties from multiple artists including Shakira, Journey, and Red Hot Chili Peppers, last year.

The Weeknd, whose real name is Abel Makkonen Tesfaye, has attracted over 111 million monthly listeners on Spotify. In 2023, his track, Blinding Lights, surpassed Ed Sheeran’s Shape of You to become Spotify’s most-streamed track of all time.

The reported financing deal comes months after The Weeknd said he would retire his stage name while continuing to make music.

Music Business Worldwide

Five journalists killed in Israeli airstrike on Gaza hospital

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new video loaded: Five Journalists Among Dead in Israeli Attack on Gaza Hospital

By Ang Li

Two Israeli strikes hit a hospital in southern Gaza on Monday, killing at least five Palestinian journalists, a rescue worker and up to 14 more people, according to local health officials.

Recent episodes in Middle East Crisis

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Helicopter retrieving water crashes while fighting fire in France

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A firefighting helicopter spun out of control and crashed into a pond in northwestern France.

Israel takes control of territory around Mount Hermon despite ongoing negotiations, states Syria.

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Syria says Israel takes some territory around Mount Hermon despite talks

Survivor of mushroom murder recounts lunch’s impact in court

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Tiffanie Turnbull

BBC News, Sydney

Simon Atkinson

BBC News, Melbourne

EPA Ian Wilkinson wearing a dress shirt and a black vestEPA

Ian Wilkinson is the only guest who survived the toxic lunch

Triple-murderer Erin Patterson has stolen “years of love and laughter”, family members of the victims poisoned by her toxic beef Wellington lunch have told a court.

Patterson, 50, was last month found guilty of killing three relatives – and attempting to kill another – with a death cap mushroom-laced meal in July 2023.

In a hearing on Monday, ahead of her sentencing on 8 September, a group of relatives gave emotional statements about the impact of their loved ones’ brutal deaths.

The sole survivor of the lunch, local pastor Ian Wilkinson, said he felt “half alive” without his late wife Heather – but made a powerful offer of forgiveness to the woman who killed her and almost took his life too.

In the days after the meal at Patterson’s home, her former in-laws Don and Gail Patterson, both 70, died in hospital, as well as Gail’s sister, Heather Wilkinson, 66.

Mr Wilkinson became desperately ill, but recovered after weeks of treatment in hospital.

Patterson’s estranged husband Simon Patterson had also been invited to the lunch but pulled out at the last minute. He has accused Patterson of a years-long campaign to poison him too – but three charges of attempted murder relating to him were dropped on the eve of the trial.

One after another, in quick succession, on Monday the court heard a series of victim impact statements which detailed how Erin Patterson’s crimes blew up two close-knit families.

Mr Patterson spoke of his inability to articulate how much he missed his parents. Ruth Dubios – the daughter of Ian and Heather Wilkinson – told the court Patterson had used her parents’ natural kindness against them. Don Patterson’s 100-year-old mother shared her grief at having outlived him.

But it was Ian Wilkinson’s turn in the witness box which floored the courtroom. He has barely said a public word since the fatal lunch, but today he walked into court and confronted the woman who murdered his wife, snuffed out the lives of his two best friends, and left him on the brink of death.

Sitting across from Erin Patterson, Mr Wilkinson opened his statement by tearfully paying tribute to his “beautiful wife”.

“She was compassionate, intelligent, brave, witty – simply a delightful person who loved sharing life with others,” he said.

“If she could help somebody she would.”

“I only feel half alive without her,” he added.

Not only did Patterson rob him of growing old with his wife, and his children of their mother, Mr Wilkinson said, but she also took his two best friends, Don and Gail Patterson.

“They were good and solid people… We encouraged and supported each other for about 50 years. My life is greatly impoverished without them.”

Addressing Patterson directly, he questioned what “foolishness” had led her to think “murder could be the solution to her problems” – especially given the crime was committed against people who bore her only good will.

As the pastor neared the end of his statement, his voice became clearer and stronger as he spoke about his desire for justice, before offering Patterson his forgiveness.

“I bear her no ill will. My prayer for her is that she uses her time in jail wisely to become a better person,” he said, to gasps in the courtroom.

“Now I am no longer Erin Patterson’s victim. She has become the victim of my kindness.”

Family tree showing Erin Patterson, her estranged husband Simon Patterson, their two children, Simon's father Don Patterson, Simon's mother Gail Patterson, Gail's sister Heather Wilkinson, and Heather's husband Ian Wilkinson.

Through a family spokesperson, Simon Patterson also told the court of his grief – which has been compounded by the “abrasive” court process and at-times “deplorable” media maelstrom which followed the crimes.

He noted in particular the distress that the past few years have caused his children, who must now confront a life without their grandparents and their mother – something which caused his estranged wife to draw in a sharp breath.

“Like all of us, they face the daunting challenge of trying to comprehend what she has done,” his statement said.

“The grim reality is they live in an irreparably broken home with a solo parent, when almost everybody knows their mother murdered their grandparents.”

He vowed that he would continue following the example his parents set for him, by drawing on God’s strength and reflecting his love.

“I am faithful, however, they are with God and I will see them again,” he said.

Among the other relatives to have their statements read in court was the sole surviving sister of Gail and Heather, Don Patterson’s brothers, and his nephew who grew up idolising the former school teacher.

“I always wanted to be perpetually young at heart like him,” Tim Patterson said of his uncle. “How could someone like this… leave the earth this way?”

“Years of love and laughter” have been stolen as a result of his relatives’ murders, he added: “[And] the world is poorer for it”.

Prosecutors push for life without parole

Prosecutors concluded the hearing by arguing that Patterson should be sentenced to life in prison, without parole.

Jane Warren told the court Patterson’s actions should be considered “worst category offending” – pointing out the level of planning required, and that if she had come clean about the mushrooms, when asked by authorities, the lives of her victims could potentially have been saved.

Furthermore, the prosecution argued, Patterson spent the days after the lunch disposing of evidence and lying to police.

“It is a crime that is so cruel and so horrific, that in our submission the offender is not deserving of this court’s mercy,” Ms Warren said.

Patterson’s lawyer Colin Mandy agreed nothing but life in prison would be appropriate, but argued that parole should be allowed as his client’s notoriety means she will likely spend a lot of her jail term in isolation.

Justice Christopher Beale will hand down his sentenced in Melbourne on 8 September.

Keurig Dr Pepper’s $18 Billion Merger with Peet’s Coffee Unwinds Hot and Cold Beverage Union from 2018

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Keurig Dr Pepper will buy the owner of Peet’s Coffee in an $18 billion (15.7 billion euro) deal, then break itself in two, with one company selling coffee and the other selling cold beverages like Snapple, Dr Pepper, 7UP and energy drinks.

The agreement anounced Monday will essentially unwind the 2018 merger of Keurig and Dr. Pepper and it arrives at a time when consumers are pulling back and the trade wars under President Donald Trump threaten to send coffee prices soaring.

Trump imposed a 50% tariff this summer on most imports from Brazil — the world’s leading coffee producer — for its investigation of its former president, Jair Bolsonaro, a Trump ally.

Yet Keurig Dr Pepper sees both coffee and cold beverages as areas of growth that would be better navigated by independently operating companies. CEO Tim Cofer called it a “transformational moment” for the sector.

“By creating two sharply focused beverage companies with attractive and tailored growth propositions and capital allocation strategies, we are poised to generate significant shareholder value in both the near and long term,” Cofer write in prepared remarks.

But large chains like Starbucks are suffering. Same-store sales, a key barometer of a retailer’s health, has fallen for six straight quarters at the Seattle coffee giant and its shares have tumbled 23% since early March.

Dr Pepper Keurig is offsetting some declines with higher prices. In its last quarter, the company reported a 0.2% decline in coffee sales.

For Keurig Dr Pepper, the soon-to-be separated coffee business will have about $16 billion in combined sales and the beverage business about $11 billion, the companies said.

The companies expect to save about $400 million over three years because of the merger.

The company that Keurig Dr Peppper is buying, Peet’s parent JDE Peet’s based in Amsterdam, also owns the brands L’OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super and Moccona.

Once the two companies are separated, Cofer will become CEO of the cold beverage business, which will be based in Frisco, Texas. Keurig Dr Pepper’s chief financial officer, Sudhanshu Priyadarshi, will lead the coffee business, which will be located in Burlington, Mass. Its international headquarters is in Amsterdam.

Shares of Keurig Dr Pepper slumped 9% before the opening bell Monday.

Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world. Explore this year’s list.