Word: sell
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...suitably cinematic twist, the deal turned the feuding companies into close business partners. Under terms of the agreement, Sony agreed to sell Warner a 50% interest in Columbia House, the largest U.S. direct-mail club for records, tapes and videocassettes. Warner Bros., which is controlled by Time Warner, also received exclusive cable-TV distribution rights for all Columbia feature films, television movies and mini-series. Included were the 2,700 movies in Columbia's film library. In addition, Warner Bros. will become sole owner of the valuable Burbank Studios -- which the two companies now jointly hold -- by acquiring Columbia...
...loss to art's hyperinflation may be wider and less tangible than this. Quite rightly, MOMA's Varnedoe rejects the idea that "there was some mythical period, now lost, when art was seen only as the shining purity of aesthetic experience. As long as there has been art to sell, art has been something to buy." But he, like many others, is worried by "the crazy sense of disproportion in the world that puts an extra glow on the art object...
...only because Sotheby's had persuaded the heirs to accept a "global reserve" (the minimum price acceptable to the seller on the whole collection), instead of placing a reserve, or minimum, on each lot, as is more usual. This enabled Sotheby's to meet the bottom line by selling 15 out of 44 impressionist and modern paintings far under its low estimate, rather than not sell them at all -- and gamble on making up the slack over the next three days...
...wall if insured for less. Even there, the problem is compounded by the auction houses: when consulted on insurance values or by the IRS, they tend to stick the maximum imaginable price on a painting to maintain the image of its market value and tempt the owner to sell...
...most criticism lately -- and goes to the heart of the nature of auctions themselves and the ethics of the trade -- is giving guarantees to the seller of a work of art and loans to the buyer. If X has a work of art that auctioneer Y wants to sell, Y can issue a "guarantee" that X will get, say, $5 million from the sale. If the work does not make $5 million, X still gets his check, but the work remains with the auction house for later sale. Guarantees are a strong inducement to sellers...