August 27, 2021
Landmark Auction: Millennium Park & Yoshi's
Up next for our Landmark auctions is Millennium Park in Chicago as well as Yoshi’s in Oakland! Tomorrow, Saturday, August 28th, at 8:00 AM PT, we will begin the reverse auction for both of these properties simultaneously. To purchase one of these historic properties, simply head to the respective address at the provided time and players will be able to mint as soon as they unlock!
Millennium Park Reverse Auction
First up is Millennium Park in Chicago, which features the famous Cloud Gate statue, otherwise known as “The Bean!” Built to commemorate the new millennium, Millennium Park has been a cultural hub of free expression in the heart of Chicago since 2004.
Millennium Park is more than an attraction — it’s an expression of the Chicago experience. The lakefront campus, located in the heart of downtown Chicago, is home to the iconic Cloud Gate statue (aka “The Bean”), interactive fountains, tranquil gardens, free events, public art, skating rinks, rock climbing, and plenty of green space.
Fun Facts about Millennium Park
- Cloud Gate is a statue inspired by liquid mercury and was built to reflect both the sky and Chicago Skyline. It’s wiped down and power washed daily which includes a twice-annual cleaning using 40 gallons of liquid detergent!
- When Millennium Park opened in 2004, it was celebrated with a Three-Day festival of concerts, tours, and activities!
- Originally, Millennium Park was to be named “The Garden of the Arts,” but John Bryan, former CEO of Sara Lee refuted the name proclaiming “I don’t want to meet anyone at a place called Garden of the Arts…It’s going to be Millennium Park.”
Price Analysis
Millennium Park is located at 201 E RANDOLPH ST in Chicago and checks in at a whopping 4,371 UP2. Had this property not have been a landmark, the original minting price would be 865,458 UPX.
The premium for this landmark is estimated to be around 500%, which makes for a minimum suggested minting price of 4,500,382 UPX. The starting price for this landmark will be 25,000,000 UPX, from which we will work our way down to the suggested mint price. Millennium Park is one of the most iconic locations in Chicago, and the winner will be lucky to own such a beautiful piece of property.
Yoshi’s Reverse Auction
The second Landmark in Saturday’s auction will be the historic jazz club, Yoshi’s, in Oakland, CA. Since 1972, Yoshi’s has been a staple in the jazz community, earning them a reputation as the Bay Area’s premier location for Japanese cuisine and jazz music.
Today, Yoshi’s is an award-winning 310-seat live performance venue with a state-of-the-art sound system and design, occupying 17,000 square feet in the heart of Oakland’s Jack London Square.
Fun Facts about Yoshi’s
- Yoshi’s was founded in 1972 by Yoshie Akiba, a WWII war orphan, alongside her two best friends, Kaz Kajimura, who was a journalist and a carpenter, as well as Hiroyuki Hori, who was a painter and a cook.
- Despite a variety of locations over the years, Yoshi’s settled back in Jack London Square during the revitalization of the Port of Oakland to be rebuilt as a jazz concert hall with an attached Japanese restaurant.
Price Analysis
Sitting at 105 WASHINGTON ST in Oakland, Yoshi’s clocks in at a modest 642 UP2. The original minting price for this property would have been 64,200 UPX if it were not a landmark.
The minimum suggested mint price has been estimated at 783,240 UPX, due to its landmark status. The starting price for this landmark will be 7,500,000 UPX, from which we will work our way down to the suggested mint price. Yoshi’s is a historic location for fans of jazz music, and the owner will surely have a hand in keeping the art of jazz alive for years to come!
Price Reduction Schedule
Best of luck to all participants in the upcoming Landmark auctions!