Word: auction
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Dates: during 1960-1969
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...Sunset was saddled with several white-elephant projects and mountainous debts ($130 million last June). To reduce that burden, Rozet persuaded lenders to stretch out some loans and cancel others in return for undeveloped acreage. Last November he put $50 million of Sunset's realty holdings up for auction in Los Angeles, but buyers proved so tightfisted that he accepted bids for only $6,000,000 worth. That netted Sunset a mere $300,000 above the $5,700,000 debt on the properties involved. But the company still had some useful assets, including profitable gas and oil wells...
...double opportunity to see what Dürer was talking about. To a Sithium panel, acquired in 1964, depicting The Assumption of the Virgin, the gallery has now added a companion piece from Isabella's chapel, a Juan de Flandes panel illustrating The Temptation of Christ, bought at auction last June in London for $161,700. Beside the overly saccharine Sithium, the 8-in. by 6-in. miniature by De Flandes is indeed a gem of sprightly precision...
...next patient, Philip Blaiberg, and his family. NBC would pay the Blaibergs $9,000 for exclusive interviews before the surgery, $25,000 for exclusive movie and still pictures of the operation itself, and $16,000 for exclusive post-operation coverage. Was this the start of an internetwork auction? Decidedly no, says CBS's Salant. "We did not bid for anything, and we didn't offer anyone anything. We don't believe in payments for rights to a hard-news story. Dr. Barnard doesn't belong to anybody, he belongs to the world." For its part...
...more valuable, Cleveland now possesses the only un-reworked first-state impression known to have survived. Though the museum is reliably reported to have paid no more than $50,000 for its Pollaiuolo, rival graphics curators enviously estimate that it could very possibly bring up to $100,000 at auction-which would be an alltime record for a print...
Almost as soon as Monet's The Terrace at Ste. Adresse was knocked down to a London dealer for $1,411,200, thus setting an auction record for an impressionist painting (TIME, Dec. 8), the rumor spread that the buyer was the Metropolitan. Making it official, President Arthur A. Houghton Jr. announced that the Monet had indeed been bought for the Met, by "a small group of intimate friends," presumably including Houghton and Investment Banker Robert Lehman...