Word: auction
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Dates: during 1980-1989
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...epitome of bowler hat British banking. The Rothschild trust, known as RIT for short, is something of a swinger in world financial circles. Under Jacob's management, its assets have increased astronomically, from $14.3 million to $239 million since 1970, through investments in art galleries and auction houses, among others...
...toughest creditors is now the Federal Government. If people are slow in paying their tax bills, the Internal Revenue Service increasingly seizes everything from houses to cars and boats. The goods are then sold at auction. So far, the number of IRS seizures has increased by 44% this year, and some local tax offices have started contests to see who can pick up the most goods in a month...
Last week Pam Holliday, who once greeted patrons at the door of Pam's Frontier Room, was busily auctioning off its furnishings. "I have very expensive lawyers," she explained. A witty redhead who can barely raise her left hand under the weight of diamond and emerald rings, Pam insists that she taught her girls all the social graces: "You might say it was a type of charm school." Buyers, many of them female, came from miles around to buy Pamorabilia and get her autograph (price: $2). Among the hottest items at the auction: oven timers, an electric vibrator pillow...
...increasingly abstract and incandescent color of Tiffany's later works, such as Pumpkin and Beets, 1900-05, as abstractly designed as any action painter might wish. Also on display is a solid representation of Tiffany's famed lamps and lampshades (one recently brought $360,000 at auction...
...pledged money due him from his holdings in the Dallas Tornado soccer team and the Chicago Bulls basketball team. Lamar also added his art collection. A prized possession: Frederic Edwin Church's The Icebergs, which he bought last October for $2.5 million, the highest price ever paid at auction for an American painting...