Word: australians
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Dates: during 1980-1989
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Criticism of auction-house guarantees and loans has been particularly widespread in the past few weeks, ever since it was disclosed that Sotheby's had lent Australian entrepreneur Alan Bond $27 million in 1987 to buy what became the most expensive painting of all time, Van Gogh's Irises. But Sotheby's defends its policy as right, proper and indeed inevitable. Guarantees are given "very sparingly," CEO Ainslie said last week. "It is unusual for more than one or two paintings in a sale to be guaranteed." Ainslie rejects any comparison to margin trading. "We do not make...
...television stations, retailing, minerals and breweries around the world. He had even figured out a way of selling nonalcoholic beer to Muslims in the Middle East. Everything about him was on a large scale -- his ambitions, his capacity for risk, his appetite for publicity. Also, he had some Australian paintings. But he did not own an art collection that would cut ice outside his home city of Perth...
...comparative prices of 122 products ranging from catsup to cameras. The results: 84 items were priced higher in Japan's capital than in the Big Apple. The more dramatic examples included European spark plugs ($7.60 in Tokyo, $1.70 in New York), U.S.-made electric shavers ($90.15 vs. $44.95) and Australian bed linen ($63.40 vs. $20). The Bush Administration is likely to cite the survey as evidence that Japanese trade barriers hinder competition that would lead to lower prices in that country...
...workers as an anti-inflationary measure. The pilots, who earn an average of $61,000 a year, are demanding a 29.5% increase. To help out during the strike, the air force converted 14 military passenger aircraft to temporary commercial service. Australia's three domestic carriers, Ansett, East-West and Australian Airlines, have managed to maintain 40% of their daily flight schedules, in part by hiring foreign charters. (Qantas, an international carrier, is not affected by the strike...
Eight thousand lost lambs, now fully grown into muttonhood, have been haunting the harbors of the Middle East for two months. Originally sent from Perth to Saudi Arabia, which buys 3 1/2 million Australian sheep a year, this flock was turned away after the Saudi Ministry of Agriculture and Water asserted that the bleaters were afflicted with sheep pox and bluetongue. Australian officials say those diseases do not exist in their country and that the Saudis were pressured by their own sheep producers to cut imports...