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Global bidding frenzy shatters records at Heffel auction

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Exceptional results achieved at Heffel spring auction, totalling a staggering $22.6MPacked Toronto auction room with cheers from the crowd and remote bidder enthusiasmHighlights included collection of legendary art dealer Torben V. Kristiansen, and masterworks by Jean Paul Riopelle, Tom Thomson, Emily Carr and othersWhite-glove session of Canadian, Impressionist & Modern Art (100% sold)

TORONTO, May 23, 2024 /CNW/ – Today in Toronto, Heffel Fine Art Auction House hosted its highly-anticipated spring auction, showcasing more than 90 outstanding works of art to a packed sale room, buzzing with excitement. The auction was nothing short of spectacular, leading the market with three sessions of record-breaking sales of artworks that helped shape Canadian art history. A breathtaking Jean Paul Riopelle painting from the esteemed collection of Torben V. Kristiansen headlined the event, joined by masterpieces from Tom Thomson, Emily Carr and other art giants, collectively fetching an astounding $22.6 million. The event took place in Heffel’s Toronto cutting-edge auction venue, expertly blending live action with a remote audience through their Digital Saleroom, uniting collectors from across the globe in a shared celebration of art. (All prices are in Canadian dollars and include a buyer’s premium.)

A very special addition to Heffel’s time-honoured sessions of Post-War & Contemporary Art and Canadian, Impressionist & Modern Art was Legendary: The Collection of Torben V. Kristiansen, one of the most extraordinary single-consignor collections ever to come to market in Canada. Kristiansen, who passed away in 2023, was a legendary figure in Canada’s art world, and was known for his impeccable taste and deep love for the works he collected. The remarkable selection of works garnered global participation for coveted masterpieces and rare gems by the biggest names in Canadian art. The works from the collection totalled an astounding $9.1 million.

“The energy in the room tonight was absolutely electric,” said Robert Heffel, Vice President of Heffel Fine Art Auction House. “The excitement and competitive spirit among bidders were a testament to the enduring appreciation for masterworks of exceptional quality. It was truly a privilege to witness the enthusiasm from across the world.”

Highlights from the Heffel Spring 2024 Live Auction

Jean Paul Riopelle took centre stage, where his 10 outstanding works collectively garnered a staggering $6 million. His works sparked global interest and were led by the incredibly rare 1949 drip canvas, Verts ombreuses, which sold for $2,761,250 (est. $2,500,000 – 3,500,000) and his commanding 1954 masterpiece, Sans titre which fetched $1,321,250 (est. $1,200,000 – 1,600,000).Hugely important works by Emily Carr highlighted the white-glove session of Canadian, Impressionist & Modern Art. The famous War Canoes, Alert Bay, a precursor to her famous canvas of the same title in the collection of the Audain Art Museum, as well as Scorned as Timber, Beloved of the Sky, a study for a major work in the collection of the Vancouver Art Gallery each sold for $871,250. Heffel is proud to be synonymous with Emily Carr’s market, which continues to draw impressive results and attention from around the world.Due to Tom Thomson‘s untimely and mysterious death, his paintings are considered some of the most coveted in Canadian art. The Kristiansen collection featured three of his rare and impactful oil sketches, with Colourful Maples fetching $961,250 (est. $700,000 – $900,000) and Fall Woods, Algonquin Park selling for $931,250 (est. $500,000 – $700,000).Important works by members of the Group of Seven drew major competition in the auction and soared past their estimated values. A.J. Casson’s graphic and atmospheric Summer Sky fetched $781,250 (est. $150,000 – 250,000) and Lawren Harris’ mesmerising abstract canvas, Mountain Experience reached $541,250 (est. $150,000 – 250,000).Mary Pratt‘s Girl in My Dressing Gown, the intimate and captivating portrait of muse Donna Meaney, set a deserving new record for the artist at $289,250. This special canvas was one of the finest paintings by Pratt to ever grace the art market and is truly museum-quality (est. $150,000 – $250,000).A stunning seascape by Takao Tanabe, a showstopper at the Heffel previews across Canada, shattered the previous artist record by a wide margin. Nootka 1/91: in Hanna Channel, the serene yet powerful 1991 canvas sold for an impressive $451,250, well above its presale estimate of $60,000 to $80,000.Two of Andy Warhol‘s most sought-after prints stood out amongst the contemporary works on offer. The vibrant hot pink Marilyn Monroe (Marilyn) sold for $205,250 (est. $80,000 – 120,000) and the iconic Mick Jagger sold for $157,250 (est. $80,000 – 100,000). The market for Warhol’s work remains strong, consistently demonstrating high demand and impressive auction results.Notable examples by six important artists set new benchmarks in the Heffel auction. In addition to Takao Tanabe and Mary Pratt, artist records were achieved with Prudence Heward’s exceptional Sunflowers which sold for $301,250, the rare Still Life with Fruit and Blue Teapot by Christiane Pflug which sold for $25,000.

For more information on the works included in Heffel’s spring live auction, visit www.heffel.com.

Additional works from the Collection of Torben V. Kristiansen are currently on offer through a curated Heffel online auction, closing on May 30, with future auctions to follow.

Heffel is now welcoming consignments for the fall 2024 auction season, encompassing international and Canadian works of art. The deadline for fall consignments is August 2024.

About Heffel Fine Art Auction House
Since 1978, Heffel has connected passionate collectors across the world with outstanding works of art, with sales totaling three quarters of a billion dollars. Heffel is renowned for its expertise in effectively managing and handling estates, serving as trusted experts for navigating the complexities of art collections inherited from estates with precision and care. With facilities in Toronto, Vancouver, Montreal, Ottawa and Calgary, Heffel has the most experienced team of fine art specialists in Canada and provides premium client service to both sellers and buyers internationally.

SOURCE Heffel Fine Art Auction House

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Canton Fair Buyers Alliance Launched as the 140th Edition Opens

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GUANGZHOU, China, Oct. 17, 2026 /PRNewswire/ — On October 15, the Canton Fair Buyers Alliance was officially launched at the Canton Fair Complex, marking a significant milestone as the fair celebrates the 70th anniversary of its founding.

More than 140 overseas buyers attended the launch ceremony, highlighting the fair’s enduring role as a bridge connecting global commerce with China’s export sector.

Speaking at the ceremony, Luís Vilariça, CEO of Joinco, Import & Export, Ltd., discussed his company’s long-standing relationship with the Canton Fair. Drawing on years of participation, he reflected on the growth opportunities created through cooperation with Chinese suppliers and highlighted the fair’s role in supporting international business development and global trade exchanges.

The ceremony also featured a joint declaration by alliance members. Representatives from five member companies read the statement in their respective native languages, underscoring the international character of the new organization. Additional members sent video congratulatory messages, joining the celebration and witnessing the official launch of the alliance.

The Canton Fair Buyers Alliance represents one of the fair’s key service innovations. Designed primarily for Fortune Global 500 companies, buyers from the world’s top 250 retailers and leading sourcing enterprises across a diverse range of markets, the alliance aims to offer members a platform for information sharing and resource coordination. The first cohort of alliance members includes 58 companies from 32 countries and regions across 5 continents. Through the alliance, members will gain access to a range of priority benefits spanning four major areas: services, events, resources and information.

 For more convenient attendance, please click here for pre-registration:

https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

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SOURCE Canton Fair

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Bioethanol from human hair – Indian start-up’s solution to rising prices of grains and sugar

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GUJARAT, India, Oct. 17, 2026 /PRNewswire/ — In what could be called the beginning of the 5G (fifth-generation) of bioethanol or non-cellulosic bioethanol or non-sugar-based biofuels, an Indian start-up, Techofest Global, based out of Gujarat, has developed its own, indigenous, and patented technology for the production of bioethanol from waste human hair. Such processes would significantly reduce the employment of sugars, grains, and agricultural residues, which form the classical first- and second-generation bioethanol feedstocks. As a result, the rising fuel-vs.-food/fodder debate is anticipated to reduce, and instead, ethanol produced from municipal/industrial waste, after trials, can supplement the current supply being used as blends with presently retailed fossil fuels (E20, E27, etc.). 

As stated by Dr. Ravi, the founder-CEO of Techofest Global, the strategic priority and the USP of the start-up is industrial symbiosis, which, typically, involves an ecosystem of up-cycling/valorising the effluents of an industry, thereby creating a value-chain for residues often lacking an end-of-life. With more than three decades of experience in designing customized nuclear fusion reactors for international programmes, such as ITER, JET/UKAEA and SST-1, Dr. Ravi, a seasoned mechanical engineer, spearheads the start-up’s patented technologies’ scale-up and commercialization.

Two biochemical engineers, Dr. Navnit – the former CTO, and Dr. Kabilan – the former CEO of Biomakerz, Chennai, are the brains behind the current technology/process portfolio of the joint-venture between Techofest Global and Biomakerz. They have been working on biorefineries’ process intensification for more than a decade. “Having foreseen the fuel-vs-fodder/food competition as early as the year 2015, we began developing techno-economically feasible and viable in-vitro metabolically-engineered bioprocesses for scaling-up ethanol production from municipal waste streams between 2019–2021”, says Navnit. After developing operational technologies for international biofuel organizations, serving process engineer roles with certain biorefineries-related OMC R&D’s of India, Dr. Navnit, presently works for a premier academic institution.

An on-going fermentation trial at the Techofest Global-Biomakerz JV’s R&D facility

Techofest Global has developed and tested, in its R&D JV’s pilot-facility of ~100-L, 3 innovative and cost-effective technologies, such as 5G ethanol production using human hair, used cooking oil (UCO), and enriched bio-methane production from disposed sanitary napkins.

“With massive CapEx and OpEx, 2G ethanol technology is facing a major commercialization bottleneck, owing to competition with food/livestock fodder, requirement of a cost-intensive pre-treatment procedure, and the requirement of cellulolytic cocktails, which have a poor recycle efficiency. The proprietary 5G SAFE process developed for the start-up circumvents the mentioned constraints, and instead, utilizes a single-stage saccharification followed by fermentation, and records over 85–90% biocatalyst recovery. Likewise, the proprietary SIM process for bio-methane production, exclusively developed for the start-up, is 2x faster with improved intermittent feeding cycles and continuous gas harvest”, says Navnit.

“With on-going pre-commercialization trials, the proprietary ethanol and bio-methane processes of ours are soon being commercialized”, says Ms. Bhumika, the co-founder and the corporate advisor of the start-up. Furthermore, Mr. Ronak pilots the organization’s global market entry and commercialization frontier.

Techofest Global’s veteran Principal Technology Advisors include: Dr VS Tripathi, former Joint Director, DRDE Gwalior, Dr B S Munjal, former Director, Structures and Thermal group, SAC/ISRO, Academician and Advisor CIKS-Dharohar, GTU, and Dr AV Santhanababu, former Scientist at Satish Dhawan Space Centre. With on-going R&D activities, Dr. Munjal says, “the start-up is striving to provide a unique solution along the lines of the Atmanirbhar and Viksit Bharat Vision 2047”.

Media Contact: www.techofestglobal.com; e-mail: info@techofestglobal.com; contact person: The PR team of Techofest Global.

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As AI Speeds Up Marketing, Louisville’s RedTag Bets on Strategy

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Independent agency unveils new brand and website, and co-hosts Louisville’s PROOF AI Workshop

LOUISVILLE, Ky., Oct. 17, 2026 /PRNewswire/ — RedTag, an independent Louisville-based marketing agency, this month unveiled new positioning, marking its evolution from a digital performance agency into a strategy-first marketing partner. The move comes as AI makes execution faster than ever, and RedTag is betting that strategy, not speed, is what will set businesses apart. Clients can now choose from outcome-based programs that best fit their marketing needs. 

“Clients don’t come to us needing more tactics. They come to us needing a path,” said Russ Renbarger, founder and CEO of RedTag. “Our new brand says out loud what our work has shown for years: We start with strategy and build everything on that foundation.”

RedTag built its reputation on high-performing paid digital campaigns. Over the years, the agency expanded into strategy, creative, video production and website development, giving clients one partner for the full scope of their marketing. Most recently, a team of automation specialists has integrated AI across the agency to speed up production and analysis, guided by an internal AI policy that keeps people accountable for quality. The time AI saves goes back into strategy: knowing what to say, who to say it to and why.

“Our best client relationships have always been partnerships, where we’re in the room when the big decisions get made,” said Alison Conway, chief client officer at RedTag. “This evolution is about bringing that strategic partnership to every client.”

On Oct. 14, RedTag co-hosted the PROOF AI Workshop with Slingshot, Vsimple and Advanced Business Solutions. The hands-on event gave Louisville business leaders practical experience applying AI to their own work. RedTag led the event’s AI in Marketing and Branding track, with four sessions ranging from AI search optimization to a playbook for adopting AI across an organization.

“AI can produce hundreds of ads in an afternoon, but it can’t tell you which one your brand actually needs and why,” Renbarger said. “The faster the tools get, the more valuable human-led strategy becomes.”

RedTag was named the agency of record for the Commonwealth of Kentucky in 2025. Its client list includes PGA of America, Castle & Key Distillery, Bourbon Barrel Foods, ShopCaterpillar and American Beverage Marketers. Since 2023, RedTag’s work has received two Emmy Awards and more than 35 ADDY and AIGA awards. The agency is a four-time Louisville Business First Fast 50 honoree and was named one of the 2026 Best Places to Work in Kentucky.

To learn more about its outcome-based programs, visit RedTag Programs

About RedTag

RedTag is an independent, strategy-first marketing agency based in Louisville, Kentucky. Established in 2008, the agency starts every engagement by understanding the goal before recommending tactics. With a foundation rooted in discovery, RedTag delivers full-scale marketing campaigns built around each client’s business goals. RedTag serves organizations across hospitality, sports, agriculture, government, retail and consumer packaged goods. Learn more at redtag.agency.

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SOURCE RED TAG LLC

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