Word: auctioned
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Numismatists were surprised last week when the world's record auction price for a coin was paid in Manhattan, not for the currency of some ancient empire, but for a U. S. $5 goldpiece issued in California in 1849. The coin was privately minted, at the time of the Gold Rush, for the Massachusetts & California Co. Its face depicts a cowboy busy with a lariat, a bear and a deer. For it a Philadelphia dealer, acting on behalf of an anonymous client, bid $7,900. The coin came from the big collection of the late Dr. George Alfred Lawrence...
Last week, however. Inventor Bosch found himself legally excluded from his U. S. markets. During 1917 hysteria Bosch Magneto Co. of New York was one of the many "enemy owned" companies which were sold at public auction by the U. S. Alien Property Custodian. One Martin Kern purchased it for $4,500,000,* resold it soon after to American Bosch Magneto Corp. which had incorporated for the purpose of buying Kern's Bosch stock. In 1921 Inventor Bosch initiated a new attack on U. S. markets and incorporated the Robert Bosch Magneto Co. to sell German-made Bosch products. Hence...
...because she wanted to be able to do something. She had been trying to get in the film business as an art director when she took her first role as an extra. That was five years ago, in Souls for Sale. She has appeared in several mediocre pictures?The Auction Block, Tell It to the Marines?and in one masterpiece, The Crowd, which was directed by her husband, King Vidor...
Thus was the public prepared for a tremendous fiscal-esthetic event. The art world whispered names that would surely stir the auction-Mellon, Bache, Widener, Ringling. Preparations were made to broadcast the epochal proceedings to the nation. When the bald auctioneer briskly mounted the rostrum, he surveyed a tight-packed attendance of more than...
Then, while the crowd gazed at each other for ten minutes of increasing bewilderment, the auction proved a fiasco. True, the Crucifixion was sold for $375,000, breaking the U. S. record. But there was no feverish bidding, there were no great names. The picture was quietly repurchased by Sir Joseph Duveen himself. The Madonna and Child went to Leon Schinasi, Manhattan tobacco merchant, for a paltry $125,000. The auctioneer had to face the fact that between the appraisal total and the realized total was a difference...