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Shareholders of dismantled Russian oil company Yukos were low in spirits after the top bid in an auction of several iconic vodka brands came up short. Financial holding company GML was the majority shareholder in Yukos before the Kremlin dismantled the energy giant in 2003. It hoped to sell the rights to Russian vodka brands Stolichnaya and Moskovskaya. Two bidders each placed a $250,000 deposit to take a shot at winning the rights to use the Moskovskaya and Stolichnaya trademarks in Belgium, the Netherlands and Luxembourg. The auction lasted less than two minutes. GML had reserved the right to reject the winning bid, which it did Tuesday, deeming the offer too low.

AP
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A 1,300-year-old gold and gemstone necklace uncovered near Northampton in central England is being hailed as a find of major significance. The necklace was found with other items on the site of a new housing development in central England. Archaeologists say it marks the grave of a powerful woman who may have been an early Christian religious leader. Scientists say the trove will shed new light on life in 7th century England, a time when Christianity was battling with paganism for people’s allegiance. The find has been dubbed the Harpole Treasure after the village where it was found. The plan is for the items to be displayed at a local museum once archaeologists have finished their work.

AP
  • Updated

Liz Barham, senior conservator of the Museum of London Archaeology, displays an early medieval gold and gemstone necklace during a photo call, in London, Tuesday, Dec. 6, 2022. Archaeologists say a 1,300-year-old gold and gemstone necklace found during construction of a housing development marks the grave of a powerful woman who may have been an Anglo-Saxon aristocrat or early Christian religious leader in Britain. (AP Photo/Kin Cheung)

AP
  • Updated

Liz Barham, senior conservator of the Museum of London Archaeology, displays an early medieval gold and gemstone necklace during a photo call, in London, Tuesday, Dec. 6, 2022. Archaeologists say a 1,300-year-old gold and gemstone necklace found during construction of a housing development marks the grave of a powerful woman who may have been an Anglo-Saxon aristocrat or early Christian religious leader in Britain. (AP Photo/Kin Cheung)

AP
  • Updated

Liz Barham, senior conservator of the Museum of London Archaeology, displays an early medieval gold and gemstone necklace during a photo call, in London, Tuesday, Dec. 6, 2022. Archaeologists say a 1,300-year-old gold and gemstone necklace found during construction of a housing development marks the grave of a powerful woman who may have been an Anglo-Saxon aristocrat or early Christian religious leader in Britain. (AP Photo/Kin Cheung)

AP
  • Updated

Liz Barham, senior conservator of the Museum of London Archaeology, displays an early medieval gold and gemstone necklace during a photo call, in London, Tuesday, Dec. 6, 2022. Archaeologists say a 1,300-year-old gold and gemstone necklace found during construction of a housing development marks the grave of a powerful woman who may have been an Anglo-Saxon aristocrat or early Christian religious leader in Britain. (AP Photo/Kin Cheung)

AP
  • Updated

An early medieval gold and gemstone necklace is displayed during a photo call, in London, Tuesday, Dec. 6, 2022. Archaeologists say a 1,300-year-old gold and gemstone necklace found during construction of a housing development marks the grave of a powerful woman who may have been an Anglo-Saxon aristocrat or early Christian religious leader in Britain. (AP Photo/Kin Cheung)

AP
  • Updated

Liz Barham, senior conservator of the Museum of London Archaeology, displays an early medieval gold and gemstone necklace during a photo call, in London, Tuesday, Dec. 6, 2022. Archaeologists say a 1,300-year-old gold and gemstone necklace found during construction of a housing development marks the grave of a powerful woman who may have been an Anglo-Saxon aristocrat or early Christian religious leader in Britain. (AP Photo/Kin Cheung)

AP
  • Updated

Liz Barham, senior conservator of the Museum of London Archaeology, displays an early medieval gold and gemstone necklace during a photo call, in London, Tuesday, Dec. 6, 2022. Archaeologists say a 1,300-year-old gold and gemstone necklace found during construction of a housing development marks the grave of a powerful woman who may have been an Anglo-Saxon aristocrat or early Christian religious leader in Britain. (AP Photo/Kin Cheung)

AP
  • Updated

Liz Barham, senior conservator of the Museum of London Archaeology, displays an early medieval gold and gemstone necklace during a photo call, in London, Tuesday, Dec. 6, 2022. Archaeologists say a 1,300-year-old gold and gemstone necklace found during construction of a housing development marks the grave of a powerful woman who may have been an Anglo-Saxon aristocrat or early Christian religious leader in Britain. (AP Photo/Kin Cheung)