Word: although
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Dates: during 1980-1989
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...swiftly set out to find the leaker. Although the company denied it, sources at GM said the giant automaker has offered a $30,000 bounty for information that could lead to the disloyal worker. GM clearly felt betrayed by the release of the confidential photographs. "People are very upset," said corporate spokesman Dee Allen. "It's no different from being on the Detroit Pistons and giving away the playbook...
...problem is that although art has always been a commodity, it loses its inherent value when it is treated only as such. To lock it into a market circus is to lock people out of contemplating it. This inexorable process tends to collapse the nuances of meaning and visual experience under the brute weight of price. It is not a compliment to the work. If there were only one copy of each book in the world, fought over by multimillionaires and investment trusts, what would happen to one's sense of literature -- the tissue of its meanings that sustain...
...there a case for setting up an independent regulator -- an art- industry Securities and Exchange Commission? Not before hell freezes over, say the auction houses (although Christie's may be wavering a little on the point, since it has no guarantee and loan system to defend). Probably not, say many dealers. But others think the idea is worth serious thought, though none believe it likely to happen while Washington still clings to the conservative catchword of deregulation. Besides, says Eugene Thaw, the doyen of U.S. private dealers, Sotheby's in particular may have enough political clout in New York...
...Christie's stock, with 6.4%. Aichi, in turn, is controlled by Yasumichi Morishita, a secretive businessman who got a one-year suspended sentence in Tokyo in 1986 for securities fraud. Morishita is reputedly worth a trillion yen ($7 billion), and may be planning a takeover of Christie's -- although it is unlikely that the Monopolies and Mergers Commission would approve...
...auction house had no choice. It had punctually paid John Payson the full sale amount, $49 million, and now the exposure of the buyer's inability to pay for the painting would have been horrendous. Although the firm could have repossessed Irises and put it on the block again, such a move would almost certainly have been a disaster. It might have brought $30 million, maybe $35 million, according to informed sources -- a fire sale. And the results for the art market if the World's Most Expensive Picture lost a third of its value in a year...