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    “Citizen Kane” script sold at Orson Welles auction

    By SHOOTUpdated:No Comments1163 Views
    This undated file photo provided by Heritage Auctions shows Orson Welles' personal copy of a souvenir program from his classic 1941 film, "Citizen Kane," which was among the legendary actor, director and scriptwriter's items consigned by his daughter, Beatrice Welles for sale by Heritage Auctions in New York City on Saturday, April 26, 2014. The collection fetched $180,000. (AP Photo/Heritage Auctions, File)
    NEW YORK (AP) --

    Scripts for "Citizen Kane," Orson Welles' camera and a cigar ashtray were among the late director's belongings sold at a New York auction.

    Sixty-seven lots fetched $180,000 at Heritage Auctions on Saturday.

    Margaret Barrett, Heritage's director of entertainment-linked auctions, called the items "a piece of cinema royalty."

    Two dozen pages of scripts for the 1941 masterpiece "Citizen Kane" went for $15,000, far surpassing the $2,000 presale estimate.

    Welles' old Bell & Howell movie camera used to record a bullfight in Spain sold for $37,500, against a $2,000 estimate.

    And a silver-plated cigar ashtray Ernest Hemingway gave Welles fetched $5,000. That's six times the expected price.

    Also on the block were memorabilia the director's daughter, Beatrice Welles, kept for decades in Sedona, Ariz.

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    OpenAI files confidential SEC paperwork for IPO, opening the door to a Wall Street debut

    Tuesday, June 9, 2026
    Sam Altman arrives at the U.S. District Court in Oakland, Calif., April 30, 2026. (AP Photo/Godofredo A. Vásquez, file)

    ChatGPT maker OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.

    The San Francisco-based company said Monday it has filed confidential paperwork with the U.S. Securities and Exchange Commission.

    "We expect it to leak so we're just announcing it," the company said in a statement. "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company. But it's a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best."

    OpenAI's move follows its rival Anthropic's June 1 disclosure that it is also moving toward an initial public offering of shares. Both are now following Elon Musk's rocket company SpaceX, which has started an IPO roadshow pitching itself as an AI-focused space company.

    OpenAI CEO Sam Altman first publicly floated the possibility of an IPO last fall, describing it as the "most likely path" for the company given its size and the need for vast amounts of capital to advance its technology.

    OpenAI began in 2015 as a nonprofit dedicated to developing AI for the common good and is now a company valued at $852 billion.

    The filing comes at a "precarious moment" for OpenAI as it appears to be losing ChatGPT's strong early leads with consumers and businesses to Google and Anthropic, said Emarketer analyst Nate Elliott.

    "But OpenAI doesn't have a lot of other places to look for the enormous capital required to support its costs," Elliott said.

    Paving the way for going public was OpenAI's decision last year to reorganize its business structure and... Read More

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