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FYI

Leonard Cohen's Love Letters Sell For More Than C$1M

A collection of more than 50 love letters written by Canadian singer-songwriter Leonard Cohen to the woman who inspired So Long, Marianne has sold at auction for US$876,000.

Leonard Cohen's Love Letters Sell For More Than C$1M

By External Source

A collection of more than 50 love letters written by Canadian singer-songwriter Leonard Cohen to the woman who inspired So Long, Marianne has sold at auction for US$876,000 ( C$1,167,953.28).


The archive of letters from Cohen to Marianne Ihlen chronicles their 1960s love affair and the blossoming of Cohen's career from struggling poet to famous musician.

The top letter, in which Cohen wrote in December 1960 about being "alone with the vast dictionaries of language," fetched almost $75,000 compared to an original high estimate of $13,000.

This isn’t the first time a Canadian music icon has posthumously generated enormous interest at the auction block.

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Last year, an anonymous buyer paid $125,000 for Glenn Gould’s annotated score from the 1981 recording of J. S. Bach’s The Goldberg Variations, according to the seller, Bonhams Auction House. To date it is a record for a Gould manuscript.

-- Reuters Thomson, Bonhams Auction House

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Business News

Ontario Raises Maximum Penalty for Illegal Ticket Resale to $25,000

Ontario Premier Doug Ford calls the move a "massive win" for fans in Ontario, after imposing a ban on the resale of tickets above face value in April.

The Ontario government is once again cracking down on the ticket resale market.

The Ford government has announced that it will be raising the maximum penalty for reselling tickets above face value from $10,000 to $25,000, more than doubling the fine. The change is meant to discourage businesses and individuals from violating recent legislation in the province that caps ticket resale at face value and will take effect on June 10, just ahead of the FIFA World Cup's arrival in Toronto.

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