Word: auction
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Dates: during 1980-1989
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...buyer was so eager to get his hands on the thing that the auction house, which had promised to hold it for me, couldn't keep it away from him, "Gingerich says. "He made off with it just before I got there...
...Howard F. Kale Jr. of Scottsdale, Ariz.: "Horse people are always difficult if you're trying to buy their best stock. The Russians are no exception." Founded in 1921 with a group of fine horses that had survived the Russian Civil War, the Tersk farm held its first auction in 1971, after the Soviets realized they could make hard currency selling Arabian purebreds. The best of the Arabians raised on the bluegrass and rich mineral water at the Tersk farm are acknowledged to be among the world's finest. U.S. Industrialist Armand Hammer and two partners...
...control may be going nowhere, but the Soviet-American negotiations at Tersk were a success. On a Soviet horse farm nestled in the foothills of the northern Caucasus, 70 Western horse breeders, half of them Americans, gathered with hard dollars in hand for the annual Tersk stud Arabian horse auction. The goods for sale were definitely low technology, and détente flourished. The buyers sat in a verdant paddock and listened as an auctioneer wheedled, cajoled and otherwise tried to nudge bids upward with capitalist determination. "What's the matter, you leave your wallets at home?" he asked...
Americans are relative newcomers to the Tersk Arabian auction. Kale was a pioneer, making his first purchase in 1975. He says that he made 13 trips to the Soviet Union to obtain Muscat, a stallion that was the U.S. national champion show horse in 1980. In the past eight years, Kale has purchased more than 100 horses from the Tersk farm...
...parties concerned have found the Tersk auction to be a stable, and profitable, island of amity amid the shifting tides of East-West trade. Equine dealings between the U.S. and the Soviets are even beginning to transcend buying and selling. A new concern called Fidelis International has struck a deal to market Soviet horses and stud services in the U.S. and Canada. Says a Soviet trade official with the terseness of a Yankee horse trader: "This is a good agreement...