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...This Our Governor?--The John F. Kennedy School of Government has long been known for its innovative fundraising. The newest gimmick is a benefit auction at which one of the prizes is an opportunity to dine with Governor Michael S. Dukakis. Apparently ignoring recent Massachusetts events, auctioneer Robert B. Reich referred to this prize as "one of the last opportunities to meet informally with one of America's greatest living politicians...
...bust came only three days before Barry had planned to announce his candidacy for an unprecedented fourth term. At about 8 p.m. on Jan. 18, shortly after he picked the winners in a homestead auction, Barry waltzed into Room 727 of the Vista International Hotel, just six blocks from the White House. It is also only two blocks from another Washington hotel, where 13 months ago police mysteriously aborted a planned arrest of Charles Lewis, a suspected drug dealer, when they learned that Barry was in his room...
Outrageous? No, right in line with last June's auction of the most expensive piece of furniture ever sold: a $12.1 million desk. The mahogany masterpiece was no curlicued Versailles settee or crested English bureau. It was a stately secretary of distinctly American block-and-shell design, crafted in 1760 by the Goddard-Townsend cabinetmakers of Newport, R.I. "For years, Europeans have given us an inferiority complex," says furniture dealer Harold Sack, 78, who bought the desk for an anonymous client, believed to be Texas billionaire Robert Bass. "To finally see American furniture taken as an important art form...
Ainslie points out that Sotheby's has made only six such loans on artworks worth more than $1 million. It was perception more than principle that prompted the auction house to abandon the practice. "Six clients don't & inflate a market," says Ainslie. "Do we regret ((the policy))? No. Are we changing because of the market's perception? Yes." He rejected any suggestion that Sotheby's was worried about losing business. "You don't grow from $400 million to nearly $3 billion in annual sales within five years if people don't have confidence in you," he says. Still, Ainslie...
...world's most expensive painting, Van Gogh's Irises, may be up for sale again, but don't look to Sotheby's for the loan to buy it. The auction house has mended its ways...