Word: auctioner
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...receivers are expected to reject Murty's latest offer. He charges that they have been under pressure all along to favor the Aga Khan's bid, which was well below what a public auction might have realized. The prince got some first-class mares, Murty says, but still was not satisfied. "He wanted to corner the market on the Boussac mares." The Aga Khan's reponse: "I don't see why I should be heaped with insults just because Murty took a bad business risk." Had Murty "made a more reasonable bid in the beginning, none...
Among those indicted were the ring's alleged bosses, Robert Meinster, 37, and Robert Platshorn, 36, both natives of Philadelphia. They own Miami's South Florida Auto Auction, a used-car firm that the Government calls "a business front" set up to launder the drug earnings. With a membership of 50 or so, Black Tuna was described by one Drug Enforcement Administration official as consisting of "a very sophisticated and educated group of professional people." Drugs were ferried, for example, by a couple of former commercial airline pilots who are believed to have known the gaps...
Like Seattle Slew, Triple Crown winner in 1977, Spectacular Bid is an auction-bargain colt with a trainer who has never handled a big-time horse and a jockey whose skills have often been criticized. Owner Meyerhoff made an unspectacular bid of just $37,000 at the Keeneland Sales in the fall of 1977 for the sturdy son of Bold Bidder and grandson of Supersire Bold Ruler (his offspring have won six of the last nine Kentucky Derbies). Meyerhoff now spends $78,000 a year just for premiums on Spectacular Bid's $14 million insurance policy...
...much of a crop. For one, oil companies owned the water rights to the greater part of their land, and that limited their ability to irrigate. They could not meet a $225,000 mortgage payment. This month the ranch was put up at public auction, and former Owner Dennis Nix and his bank bought it back for $1,151,000. After losing most of their life savings, the Mennonites still face deportation, since it is considered doubtful that Bentsen's bill will pass...
...after auditors found serious irregularities in the firm's financial records. The company's longtime chairman, J. Thomas Kenneally, 52, was ousted two weeks ago, and the few employees remaining in ISC's lavish skyscraper headquarters have been busy tagging the antique furniture for auction. Now company managers are bracing for another shock. They expect that later this month the SEC will bring charges against ISC for extensive bribery of foreign government officials, as well as for concocting misleading financial statements and for excessive use of corporate funds for executive perquisites...