Word: agreements
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Dates: during 1970-1979
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...settlement. In the face of a stern ultimatum from British Foreign Secretary Lord Carrington, who had conducted the talks, Nkomo and Mugabe had flatly rejected a British scheme by which the guerrillas would assemble at 15 widely dispersed camps, which they felt would be too isolated and vulnerable. Their agreement was extracted by a British concession in a numbers game. It gave the Front forces a 16th camp in the Rhodesian heartland and empowered the newly arrived British Governor, Lord Soames, to designate additional concentrations, if the guerrillas report in the large numbers that they claim. The current British estimate...
...Patriotic Front guerrilla alliance, had entered a gilded room in London's Foreign Office to add their signatures to a twelve-page protocol that had already been initialed by representatives of Britain and the now defunct Salisbury government of Prime Minister Abel Muzorewa. The document: a three-sided agreement for a complete cease-fire in Zimbabwe Rhodesia's increasingly bloody seven-year civil...
...late '50s Sotheby's introduced such techniques as international telephone hookups, bidding by closed-circuit TV, the gala evening sale crammed with formally clad celebrities, assiduous ballyhoo and greatly increased sale schedules. More recently, Sotheby's pushed its mass-marketing strategy even further by signing an agreement with Tokyo's Seibu Department Stores Ltd., which brings the Western fine arts auction market into retail stores and enables Japanese buyers to place bids for, say, an over-the-counter Constable. When Wilson retires as Sotheby's chairman in February, he will be succeeded by his cousin...
...more controversial move was made by Sotheby's last summer. The company announced that it had entered into an agreement with Citibank, the second largest banking organization in the U.S., to assist the bank's millionaire clients in acquiring artworks for investment. Though Sotheby's insists that the arrangement contains sufficient built-in checks and balances to dispel any suspicion of conflict of interest, many people in the art world are skeptical of any deal whereby an auction house may in effect end up supporting its own market. Says David Bathurst, Christie's New York president...
...away, the flowers were as pretty as they had been before. It was just that now few people wanted them very much, whereas before they had been invested with a kind of fetishistic and obsessive "rarity." Bullion is not absolute; its value is a matter of assignation, of social agreement. Tulip bulbs are no longer bullion, and it is not hard to imagine a time when art will not be either. It has happened before, and can easily happen again. Those who pronounce on art's power as a hedge against inflation-as a commodity that rides the inflationary...