Word: auction
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Dates: during 1970-1970
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People cannot decide which patients are most socially "useful" and committees tend to pick the patient who can best afford the cost of surgery, he said. "An auction destroys the idea of life as a priceless pearl," said Calabresi...
This time bidding opened at 300,000 guineas ($756,000) and just two minutes and 15 seconds later it closed at 2,200,000 guineas-$5,544,000, the highest price ever paid for any work of art. The expensive transaction eclipsed both the previous public-auction record, $2.3 million in 1961 for Rembrandt's Aristotle Contemplating the Bust of Homer, and the record for a private sale, an estimated $5,000,000 that was paid in 1967 for Leonardo's Ginevra dei Bend, by Washington's National Gallery of Art. The buyer...
...England swings along-at least for the over-40s. Where else would Claudette Colbert, 63, open up with such a generous smile? She was on hand to attend a London auction and make U.S. watchers of the late show feel nostalgic. Where else would Veronica Lake, 50, decide to spend the rest of her days with both eyes showing, serving tea to friends? Her famed, blonde "peekaboo" hair now wavy rather than flowing, thrice-married Miss Lake is settling in Suffolk. Marriage? "I don't have any special man friend-although I do enjoy an Englishman's company...
...pressure on the exchanges to reduce their minimum commissions. The Securities and Exchange Commission has nourished the fourth market by urging institutions to trade stocks at the lowest possible cost. But stock exchange officials complain that off-the-board trading in listed securities tends to weaken the exchanges' auction market, on which all traders rely for prices...
When Mary Tapie de Celeyran, the Comtesse Attems, was hard up for cash to repair the family's Chateau du Bosc and wished to sell ten family portraits by her famous uncle, Henri de Toulouse-Lautrec, she did not offer them to the public at an auction house or a public art gallery. Instead, through an intermediary, she got in touch with Private Dealer Charles Slatkin in New York, who bought all ten and eventually sold them to one of the U.S.'s shrewdest collectors. Not untypically in this secretive trade, the collector insists on remaining anonymous...