From the SMH blog:
News Corp is believed to have paid more than $200,000 for explosive photos that show billionaire gaming mogul James Packer exchanging punches with former best man and Nine Entertainment chief executive David Gyngell.
Media outlets were being approached to bid for rights to the photos this morning, sparking a bidding war for the images, sources told the AFR.
The images were taken outside Packer’s multimillion-dollar Bondi Beach home on Sunday afternoon and show the pair shaping up to throw punches on a busy street in broad daylight.
They end up wrestling on the ground before being separated by people who appeared to be Packer’s bodyguards. An enraged Packer had to be restrained while a barefoot and bearded Gyngell appeared equally livid.
