Business
Ryan Cohen’s Viral eBay Garage Sale Raises $168K, Halo Master Chief Statue Leads
NEW YORK — Ryan Cohen, the billionaire chairman of GameStop and Chewy, turned heads this week after his personal eBay auction raised $168,000, with a rare Halo Master Chief statue becoming the top-selling item in a eclectic collection of memorabilia, gadgets and collectibles that captured the imagination of fans and collectors alike.
The online garage sale, which ran for several days and featured dozens of items from Cohen’s personal collection, quickly went viral as enthusiasts and meme lords flocked to bid on pieces tied to the outspoken investor’s eclectic interests. The Halo Master Chief statue, a life-size or near-life-size prop from the popular video game franchise, fetched the highest bid, reflecting the enduring cultural power of gaming nostalgia among Cohen’s core audience of retail investors and gamers.
Sources close to the sale described it as a lighthearted experiment that blended Cohen’s love for video games, technology and memorabilia with a desire to connect directly with his online following. The auction’s success highlights the growing intersection of celebrity, e-commerce and pop culture, where personal items from influential figures can command premium prices in a passionate collector market.
The Master Chief Statue Steals the Show
The Halo Master Chief statue stood out as the undisputed star of the auction. Described in the listing as a high-quality, screen-accurate replica from the iconic video game series, the piece attracted intense bidding from gamers and collectors. Its final sale price significantly outpaced other items, cementing its status as the crown jewel of Cohen’s collection.
Halo, developed by Bungie and later 343 Industries, has been a cultural phenomenon since its 2001 debut. Master Chief, the silent protagonist of the series, symbolizes heroism and sci-fi adventure for millions of fans worldwide. Cohen’s decision to part with the statue surprised many, given his well-known affinity for gaming, but the high sale price suggests strong demand from serious collectors.
Other notable items included vintage tech gadgets, limited-edition sneakers, signed memorabilia and assorted pop culture artifacts. The diverse assortment reflected Cohen’s wide-ranging interests, from technology and gaming to fashion and collectibles. Several items sold well above their starting bids, indicating enthusiastic participation from both dedicated fans and opportunistic resellers.
Cohen’s Motivations and Auction Strategy
While Cohen has not publicly detailed his reasons for the sale, insiders suggest it served multiple purposes. Beyond generating funds — which may have been directed toward charity or personal projects — the auction allowed him to engage directly with his massive online following. Cohen, known for his active presence on social media and meme-driven communication style, has cultivated a loyal base of retail investors who often rally around his ventures.
The eBay format provided transparency and excitement, with real-time bidding creating a sense of community and competition. By listing personal items, Cohen humanized himself in a way that contrasted with his image as a shrewd, sometimes controversial business figure. The auction’s viral spread amplified his personal brand while generating substantial revenue in a short period.
eBay itself benefited from the publicity. The platform saw increased traffic and engagement during the auction period, demonstrating how celebrity-driven sales can boost visibility and user activity. eBay spokespeople declined to comment on specific seller performance but noted that high-profile auctions often drive broader platform interest.
Reaction from Fans and the Gaming Community
Social media erupted with reactions as the auction progressed. Gaming communities on Reddit, X and Discord shared screenshots of bids, speculated on item authenticity and debated the cultural significance of Cohen selling off pieces of his collection. Many Halo fans expressed excitement at the possibility of owning a piece once belonging to a prominent figure in the business world.
Some critics viewed the sale as opportunistic or tone-deaf, particularly given Cohen’s wealth and public persona. Others praised it as a clever way to connect with fans while raising money. The mix of admiration, skepticism and humor is typical of online discourse surrounding Cohen, who often polarizes audiences with his business decisions and social media activity.
Influencers and gaming personalities amplified the story, with several creating content around the auction’s progress and final results. The Halo Master Chief statue in particular became a focal point, with memes and discussions highlighting its significance in gaming history.
Broader Context of Celebrity Auctions
Celebrity auctions have become increasingly common as high-profile individuals seek to monetize personal collections while engaging fans. From sports memorabilia to entertainment artifacts, these sales often generate significant publicity and revenue. Cohen’s eBay experiment stands out for its direct-to-consumer approach and focus on gaming-related items, tapping into a demographic that is both passionate and tech-savvy.
The success of the auction may encourage other business leaders and influencers to explore similar ventures. Platforms like eBay provide accessible tools for such sales, while social media amplifies reach and creates organic marketing.
For Cohen, the sale fits into a pattern of unconventional moves that have defined his public persona. From his transformation of Chewy into a pet industry leader to his activist involvement at GameStop, he has consistently challenged traditional business norms. The eBay auction adds another layer to his reputation as a figure who blurs lines between personal interests and public engagement.
Financial and Philanthropic Angles
While the $168,000 raised is modest relative to Cohen’s net worth, it represents a meaningful sum that could support various causes. Speculation persists about whether proceeds will fund charitable initiatives, though Cohen has not confirmed details. His history of philanthropy, particularly in education and animal welfare through Chewy-related efforts, suggests potential good uses for the funds.
From a financial perspective, the auction demonstrates the value of personal branding in the digital age. Items associated with influential figures often command premiums due to their story and provenance. The Halo statue’s top sale price illustrates how gaming culture creates strong emotional connections that translate into monetary value.
Looking Ahead
As the dust settles on this viral eBay sale, attention turns to Cohen’s next moves. His leadership at GameStop and other ventures continues to draw scrutiny and speculation from investors and media alike. The auction may serve as a template for future engagement strategies, blending commerce, entertainment and personal connection.
For fans and collectors who secured items, the sale represents a tangible link to a prominent figure in technology and retail. For the broader public, it offers a glimpse into the private interests of a billionaire often viewed through the lens of corporate battles and market-moving tweets.
The eBay stunt ultimately succeeded on multiple levels: generating revenue, creating buzz and humanizing Cohen in the eyes of many observers. Whether it signals a new chapter in how business leaders interact with their audiences remains to be seen, but its immediate impact is undeniable. In an era where personal brand and digital presence increasingly influence business success, Cohen’s $168,000 garage sale stands as a notable example of turning personal possessions into public conversation and profit.
As Cohen continues navigating his high-profile roles, this lighthearted yet lucrative venture adds color to his already colorful public image. The Halo Master Chief statue’s journey from his collection to a new owner symbolizes how objects tied to cultural phenomena can bridge personal stories with broader communities — a fitting outcome for an auction that captured attention far beyond its final sale price.
Business
Bank stocks rally as RBI steps lift mood, trigger short covering
Bank Nifty rose 2.1% to 55,194.50; and closed above 55,000 levels after two weeks while benchmark Nifty moved 0.5% higher on Tuesday. All 14 constituents of Bank Nifty moved higher on Tuesday. .
Bank of Baroda jumped 5.5% while Canara Bank climbed 4.5%. Punjab National Bank and Federal Bank advanced around 3.5%.
“The measures by RBI are likely to drive a healthy deposit base for banks and lead to cheaper cost of funds since the hedging cost on FCNRB is borne by the Central Bank while the hedging costs on ECB’s is subsidised,” said Dharmesh Kant, head of research, Cholamandalam Securities.
ET BureauLast week, the RBI announced measures to boost foreign currency inflows and to support the rupee. The Central Bank offered concessional dollar-rupee swap facility to absorb the entire forex hedging costs for three-to-five-year Foreign Currency Non-Resident (FCNR[B]) deposits until October 16, 2026. In addition, it offered a concessional swap facility for eligible External Commercial Borrowings (ECBs) raised by public sector entities, fixing the hedging cost at 1.5% per annum.
This policy allows Indian banks to access low-cost global capital and alleviate domestic deposit crunches without bearing currency risk, said analysts. “The sudden fundamental clarity triggered massive technical short covering, catching derivative traders by surprise and sparking a rapid short squeeze since the Put-Call Ratio (PCR) had dropped into an oversold zone below 0.80 ahead of the news,” said Nishchal Jain, Quant Researcher, Share. Market by Phone Pe.
The high-volume breakout past 55,100 and decisive price action, shifts the market regime from “sell on rallies” to “buy on dips”, establishing 55,000 as a strong psychological support base- forming a high-conviction bullish view, he said.
Business
IGO shares slide after fire at processing plant
IGO says spodumene production remains on track after reporting that a fire broke out at its new chemical-grade processing plant at the Greenbushes lithium operation.
Shares in the critical minerals miner slid in morning trade after reporting a fire had occurred at its $880 million Chemical Grade Plant 3 (CGP3) plant at the Greenbushes mine site yesterday.
IGO said the fire was extinguished and no injuries were sustained, and that its first and second chemical crushing and processing plants on site were unaffected by the blaze.
The third chemical plant at the hard-rock lithium operation in the state’s South West falls under the ownership of Talison Lithium, in which IGO owns an indirect 25 per cent stake, alongside China’s Tianqi Lithium (26 per cent) and US major Albemarle Corporation (49 per cent).
CGP3 is the third chemical grade plant built at the Greenbushes operation, which is still ramping up after processing first ore in December last year.
It has a processing capacity of 2.4 million tonnes per annum to produce up to 500,000 tonnes per annum of lithium mineral concentrate.
The market was told Talison Lithium had commenced a full investigation into the cause and damage from the incident on Tuesday.
IGO said Greenbushes production remained on track to meet its FY26 guidance of between 1,375 million and 1,425 million tonnes of spodumene concentrate.
The fire at the new plant represents another setback for the critical minerals miner, which has been grappling with challenges at its co-owned Kwinana lithium hydroxide plant.
That downstream processing plant is operating at about 50 per cent nameplate capacity, which was an improvement when reported in the March quarter.
IGO and joint venture partner in the plant, Tianqi Lithium, have been increasingly at odds over the future of the plant, after the ASX-listed miner wrote down its value to zero.
Shares in IGO are trading down 6 per cent to $8.48 apiece at 11AM AWST.
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The Commodity and Capital Market Participants Association of India (CPAI) is working with the Industry Standards Forum (ISF), a body comprising members of various industry associations, to create a separate framework that would distinguish between liquidity providers and speculators. That they believe would help them to convince the Reserve Bank of India (RBI) to permit lower margin for the bank guarantees and enable them to trade higher volumes.
The RBI has mandated that banks lending to capital market intermediaries (CMIs) extend guarantees for proprietary trading subject to the facility being fully secured. The proposal says that banks can extend guarantee only to the amount equal to the value of the collateral provided by the proprietary trading firm.
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2026 ASEAN Future Forum Kicks Off in Hanoi
The ASEAN Future Forum 2026 opened in Hanoi on June 9, themed “Shaping Our Future Together.” Launched by Vietnam in 2023, the forum unites ASEAN leaders, businesses, and academics to address regional challenges including AI, energy security, and strategic autonomy, advancing ASEAN Community Vision 2045.
Key Points
• The ASEAN Future Forum (AFF) 2026 opened in Hanoi on June 9 under the theme “Shaping Our Future Together: Peace, Prosperity and People-Centered,” attended by Vietnam’s Prime Minister Le Minh Hung and leaders from Laos, Cambodia, Thailand, and Timor-Leste, along with the ASEAN Secretary-General.
• Launched by Vietnam at the 2023 ASEAN Summit, the AFF has grown into a key strategic dialogue platform, with ideas from previous editions reflected in official ASEAN Summit documents, reinforcing Vietnam’s proactive role in advancing regional cooperation.
• AFF 2026 features broader participation than previous editions, including political parties, local authorities, and business and academic communities, with discussions covering AI, energy security, conflict prevention, and implementation of the ASEAN Community Vision 2045.
The ASEAN Future Forum 2026: Launch and Leadership
The ASEAN Future Forum (AFF) 2026 officially opened in Hanoi on June 9, under the theme “Shaping Our Future Together: Peace, Prosperity and People-Centered.” The event was attended by senior regional leaders, including the Prime Ministers of Vietnam, Laos, Cambodia, Thailand, and Timor-Leste, alongside Vietnam’s Foreign Minister and the ASEAN Secretary-General. First introduced by Vietnam at the 43rd ASEAN Summit in 2023, the AFF was designed as a multi-stakeholder platform to complement existing ASEAN mechanisms and support long-term policy thinking for the ASEAN Community.
Vietnam’s Vision: Dialogue, Inclusion, and Regional Resilience
In his opening remarks, Foreign Minister Le Hoai Trung emphasized Vietnam’s commitment to creating an open, forward-looking space for dialogue among ASEAN members and international partners. The forum brings together policymakers, academics, businesses, and citizens to contribute ideas toward a stronger, more resilient ASEAN. Previous editions in 2024 and 2025 generated innovative yet practical proposals, many of which have been reflected in official ASEAN Summit documents. Vietnam hopes the forum will strengthen diplomacy and mutual understanding amid growing geopolitical tensions and strategic competition across the region.
AFF 2026: Expanding Scope and Shaping the Future Agenda
AFF 2026 features a broader and more inclusive format than previous editions, with discussions covering critical issues such as unity, strategic autonomy, conflict prevention, energy security, artificial intelligence, and financial technology. For the first time, the forum will host meetings involving political parties, local authorities, and business and academic representatives from across Southeast Asia. These expanded dialogues are expected to generate fresh perspectives and actionable solutions to support the ASEAN Community Vision 2045, helping the bloc adapt effectively to both emerging regional challenges and shifting global dynamics.
Source : ASEAN Future Forum 2026 opens in Hanoi
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