Word: auction
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Dates: during 1990-1990
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Yesterday's high tech, though, is today's low tech. The Selectric lost much of its luster in recent years when secretaries switched to word processors and personal computers. As a result, IBM is putting its typewriter business on the auction block. The most prominently mentioned buyer: Clayton & Dubilier, an investment firm. Says Kenneth Camarro, an office-automation consultant: "IBM has read the writing on the wall." And the writing didn't come from a Selectric...
...charms of the bourgeois life he thought he had rejected. "True student poverty," with its balancing of stipends, food stamps and unemployment benefits, he found difficult to take. "The only fight about money that Annette and I ever had was over a $6 pot she bought at an art auction." In addition, California life-styles in the early 1970s made Turow realize that he was more conventional than he had thought. "It was unbelievable," he remembers. "There was incessant drinking and substance abuse, and marriages were falling apart all over the place. Annette and I were newly married ((they made...
...larger problem will not go away. As the auction analyst Souren Melikian recently wrote in the International Herald Tribune, "Market manipulation has now reached such proportions . . . that even the greenest newcomers are becoming aware that they are being taken for a ride." Since the main form of this manipulation has been the systematic inflation of estimates, it leaves the auctioneers with a problem not even Dr. Gachet could cure...
While a Japanese collector pays $82.5 million for a Van Gogh and $78.1 million for a Renoir, many lesser sales fall short as the frenzied auction boom hits some bumps...
...time when craft is flourishing, and when the Bauhaus' straight lines have been tied in postmodern knots, Tiffany's plummy palate, iridescent surfaces and flowing shapes are attracting record museum throngs and stratospheric auction prices. "Masterworks" was the most popular exhibit ever at the Smithsonian Institution's Renwick Gallery in Washington; some 225,000 people visited it during its five-month stay. At Christie's a pond- lily glass table lamp brought $550,000, a record auction price for a Tiffany work...