Donated Colin McCahon and Don Binney works could raise $1m for Auckland art foundation
A 1966 Don Binney painting of a fernbird, donated by Australian philanthropist Dr John Mayo, could raise up to $600,000 at a fundraising auction for the Auckland Art Gallery Foundation.
Three paintings bought by a young female law graduate in the 1960s could deliver a $1 million-plus windfall for the Auckland Art Gallery Foundation.
The works by Colin McCahon, Don Binney and Richard Killeen will be auctioned in August by Art+Object, with all proceeds going to an endowment fund administered
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
1News
an hour ago
- 1News
NZ cities retain top-20 ranking on world's 'most liveable' list
Auckland and Wellington have both maintained their positions in the recently released list of the top 20 most liveable cities in the world for 2025. The City of Sails has again shared its seventh-placed equal ranking with Osaka, Japan, up two places from ninth equal last year. Our capital city Wellington stayed the same, coming in at 20th place. Both cities had recently been ranked highly by the annual index by the Economist Intelligence Unit. Wellington on one of those "good days". (Source: Getty) ADVERTISEMENT Auckland was ranked the world's most liveable city and Wellington was ranked fourth in the 2021 index. Across the ditch, Melbourne came in at fourth place while Sydney came in at sixth. Perth and Brisbane were ranked 15th and 16th respectively. The Danish capital of Copenhagen dethroned the Austrian capital of Vienna for the number one spot, ending a three-year reign. Christopher Luxon is expected to travel to Sydney to meet with Australian Prime Minister Anthony Albanese on Wednesday. (Source: Getty) The index, created by the Economist Intelligence Unit, rated 173 cities worldwide on factors such as stability, healthcare, culture and environment, education, and infrastructure. Damascus, Syria remained the least liveable city in the world. ADVERTISEMENT "Despite last year's regime change, Syria's capital city continues to be scarred by years of civil war and has seen no improvement in liveability," wrote the authors of the report. The top 20 most liveable cities 1. Copenhagen, Denmark 2. Vienna, Austria (tie) 2. Zurich, Switzerland (tie) 4. Melbourne, Australia 5. Geneva, Switzerland ADVERTISEMENT 6. Sydney, Australia 7. Osaka, Japan (tie) 7. Auckland, New Zealand (tie) 9. Adelaide, Australia 10. Vancouver, Canada 11. Luxembourg 12. Toronto, Canada ADVERTISEMENT 13. Helsinki, Finland 14. Tokyo, Japan 15. Perth, Australia 16. Brisbane, Australia 17. Frankfurt, Germany 18. Calgary, Canada 19. Amsterdam, Netherlands ADVERTISEMENT 20. Wellington, New Zealand.
Techday NZ
6 hours ago
- Techday NZ
Refresh smarter, spend smarter: Why flexible IT financing is on the rise
In today's fast-paced business world, owning IT assets outright is becoming increasingly outdated. Technology evolves faster than ever, budgets are under pressure, and flexibility has become a top priority for Australian businesses of all sizes. Rather than investing large amounts of capital in depreciating assets, more businesses are shifting towards more intelligent and agile models, including leasing, financing, and structured refresh programmes. It's not just enterprise giants making the move; mid-sized organisations and growing SMEs are increasingly embracing flexible financing to stay competitive, manage risk, and keep their teams equipped with the latest technology. Here's why the traditional "own and operate" approach is losing its shine — and how a modern financing strategy can help future-proof your IT environment. Why Ownership is Losing Ground Owning technology used to be seen as a long-term investment. Today, it's often a liability. Rapid innovation cycles mean devices become outdated faster than ever. According to Deloitte's 2024 Tech Trends Australia report, 70% of mid-sized businesses plan to refresh major parts of their IT infrastructure within the next two years. Meanwhile, economic uncertainty and rising interest rates are prompting Australian businesses to reassess their capital allocation strategies. NAB's Business Insights show that nearly half of SMEs now prioritise cashflow preservation over asset accumulation. In short, holding onto ageing, depreciating assets ties up capital, increases operational risk, and limits flexibility when businesses need it most. Smarter Financing Options for a Changing Market Today's IT financing models are designed for flexibility and growth. Some of the most popular approaches include: Operating leases: Pay for the use of technology over a set period, without the burden of ownership. Upgrades and returns are built into the model. Pay for the use of technology over a set period, without the burden of ownership. Upgrades and returns are built into the model. Finance leases and chattel mortgages: Structure repayments over time, allowing businesses to own assets at the end if desired — while keeping cashflow healthy during the term. Structure repayments over time, allowing businesses to own assets at the end if desired — while keeping cashflow healthy during the term. Structured refresh programmes: Predetermined upgrade cycles that ensure businesses stay current, competitive, and efficient without spikes in capital expenditure. Predetermined upgrade cycles that ensure businesses stay current, competitive, and efficient without spikes in capital expenditure. Technology Lifecycle Solutions: Comprehensive asset management services that span procurement, usage, upcycling, and responsible retirement — helping to maximise value across the full lifecycle. Leading financial service providers are offering new models that combine financing flexibility with sustainability initiatives, enabling businesses to extend, optimise, or responsibly retire IT assets through services like Asset Upcycling and Tech Buyback programmes. The Business Benefits of Moving to Finance-First Models Free up capital for growth Redirect funds from depreciating equipment to strategic investments, like customer growth, talent acquisition, or innovation projects. Stay agile and current Regular refresh cycles ensure your teams always have access to the latest, most secure technology without the costs and delays of large-scale replacements. Improve security and compliance Older hardware often lags in critical security updates. A structured refresh strategy enables businesses to maintain a strong cybersecurity posture and meet evolving compliance standards. Advance sustainability goals Circular economy models, such as asset upcycling and technology recycling, facilitate the achievement of environmental targets while often recovering residual value from retired assets. Gain predictability and control Fixed monthly costs, flexible end-of-term options, and streamlined asset management help businesses plan better and avoid budget surprises. What to Consider Before Moving to a Finance Model Choosing the right financing strategy means balancing operational needs with financial and strategic goals. Important questions include: How fast does technology evolve in your sector, and how often should you refresh? Do you require full lifecycle support, including maintenance, upgrades, and end-of-life recycling services? Is preserving cash flow and balance sheet flexibility a major driver? How important are sustainability and circular economy initiatives to your business stakeholders? Are you planning for hybrid workforces or technology expansion in the near term? An experienced IT partner can help model various scenarios and design a solution that aligns with both your business and technology objectives. How BPC Commercial Can Help At BPC Commercial, we work closely with businesses across Australia to deliver flexible, cost-effective IT financing solutions. Whether you're looking for a simple lease agreement, a structured refresh programme, or a full Technology Lifecycle Solution with sustainable asset retirement, we can tailor a strategy that supports your growth. We partner with trusted finance providers to ensure our customers get access to the most modern, efficient, and sustainable financing and asset management options available today.
NZ Herald
7 hours ago
- NZ Herald
Donated Colin McCahon and Don Binney works could raise $1m for Auckland art foundation
A 1966 Don Binney painting of a fernbird, donated by Australian philanthropist Dr John Mayo, could raise up to $600,000 at a fundraising auction for the Auckland Art Gallery Foundation. Three paintings bought by a young female law graduate in the 1960s could deliver a $1 million-plus windfall for the Auckland Art Gallery Foundation. The works by Colin McCahon, Don Binney and Richard Killeen will be auctioned in August by Art+Object, with all proceeds going to an endowment fund administered
