Word: sell
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Dates: during 1980-1989
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...this means that it is much more of a challenge to Western entrepreneurs to be there on the ground as participants in perestroika than to stand outside and sell things to the East. What advice should be given to the intrepid? Efforts must play to Eastern Europe's limited strengths. There is nothing necessarily wrong with the region's engineering and craft skills; it's the managerial savvy that is lacking. Joint ventures sound attractive, but their history provides many caveats. Licensing agreements may be the best bet, if they don't require the import of components that have...
Sotheby's says its guarantee system is "traditional": it goes back 20 years. This is true, if only in the sense that the firm tried it in the '70s but it flopped, because the market was slow and pictures failed to sell. Loans, of course, have risks too. Christie's gives neither guarantees nor loans. "The practice of offering guarantees," argues a Christie's spokesman, "means that in effect you've bought the picture yourself. And loans by the auction house tend to create an inflationary situation, a false market...
...instance, more than 20 Anselm Kiefers, whose prices are now past the $1 million mark, and at least 15 Eric Fischls, which are on or around it. Artists let him have the cream of their work because it was understood -- though never explicitly said -- that Saatchi would never sell; his collection would become a museum in its own right, supplementing the cash- strapped Tate Gallery...
Irises was owned by John Whitney Payson, who had lent it to a small university museum in Maine. But with the news of Sunflowers' sale for $39.9 million -- and with little tax relief in sight if he gave it to a museum -- he decided to sell it through Sotheby's, which cautiously predicted a price between $20 million and $40 million and went to tell Bond the glad news. Sotheby's did not need to cast a delicate fly over Bond and strip it softly in. The fish was already halfway over the gunwale and champing eagerly...
...news coverage is just about the most profitable thing a station can do, in part because production costs typically are less than half those of entertainment shows. And since news stories can be used repeatedly on broadcasts throughout the day, stations can sell more advertising time a minute of material, further increasing their profit margins. Moreover, many advertisers will pay premium rates to run their commercials during news shows because such programs generally attract consumers with higher average incomes...