Word: auction
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Dates: during 1980-1989
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...auction of Soviet contemporary art held, amid vast hype, by Sotheby's in Moscow last July was seen by the West as a vindication of dissident artists but by many of the artists themselves as divisive and even dispiriting. Some lots went for unheard-of sums; the painter Grisha Bruskin, whose work had been comfortably selling in America for just over $40,000, saw a large multipanel piece called Fundamental Lexicon go for $415,000, an event that caused much skeptical talk both inside and outside the ministry. Landscapes by Svetlana Kopystiansky, and her husband Igor's assemblages...
Always a numbers man, Rose was at the vanguard of baseball's economic revolt. His original ambition, "to be the first $100,000 singles hitter," sounds quaint now. In the late 1970s he made an auction out of the new free- agent system, and for $3.2 million over four years stopped off in Philadelphia to show the Phillies...
...grave site to Maui County for recreational use. Local residents as well as the Lindbergh family winced at the idea of picnic tables and chain-link fencing, and the park was never built. Now the Federal Government may take back the land and put it up for auction. A driveway could slice through the cemetery within 20 ft. of Lucky Lindy's grave. Whether the site remains in public or private hands, the world is already pressing in on the Lone Eagle: more than 50 visitors a day find their way to his burial ground...
...Saints snagged the post-season tournament last year and the ECAC championship banner still hangs in their arena. This weekend that banner is on the auction block--and Harvard is heading into Boston Garden as the league's highest bidder...
...Government is obliged to spend $40 billion to cover bailout cases to which federal regulators are already committed, including 205 savings and loans that the Government closed or sold last year. The $50 billion bond issue would be spent to liquidate or auction off the remaining 300 or more insolvent savings and loans. Those failing thrifts will be isolated from the rest of the industry by bringing them under a new agency called the Resolution Trust Corp., which will oversee their cleanup...