Word: auction
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Dates: during 1970-1979
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Even so, the sale was at least a partial success for the Treasury. The gold, worth only $32 million at the $42.22 per oz. "official" price (used between governments), went for $124,841,256 in the auction-a tidy 300% profit. More important, as Washington had intended, the sale helped to dampen further the hopes of speculators that great numbers of Americans would rush to trade dollars for the yellow metal after it became legal for them to own bullion on Dec. 31. Bullion bulls in Europe and the Middle East were only temporarily distressed by the American disinterest, however...
...magazine-unsigned, like all "Talk of the Town" contributions. Editor William Shawn did not divulge her fee, saying only that she would be paid at "regular rates, which run into the hundreds rather than the thousands." The same week Jackie reaped $3,000 from the sale at a Manhattan auction house of some old furniture, including President Kennedy's chair from Choate School and John Jr.'s discarded desk. When the gallery owner went to select the furniture for the sale, he rejected several pieces. Disappointed, Jackie said: "I wish you'd take more. What...
...Atlantic to telephone India from London because she had difficulty making the call from the U.S. As the money ran out, the maharanee, now 54, had to pawn her jewels. But burdened with annual interest payments of $200,000, she was recently forced to sell them at a secret auction. The gems went for $4 million, which should keep the maharanee in Beluga gray for a couple of years. Her reputation for extravagance, however, was ruined. Said one casino habitue empathetically: "You can hide good luck but not misfortune...
...substantial Republican opposition has been found for him. Though no scandal has touched Daley personally, questions have been raised in the press about the propriety of his secret ownership with his wife of a real estate holding company that made purchases of vacant lots in a city auction. He has freely acknowledged influencing the placement of millions of dollars worth of city insurance with an agency that employed one of his sons. Neither issue is expected to have much impact on the voters. Daley's prospects seem excellent for remaining the longest-running big-city mayor...
...there should be broad freedom for international investment. Now that the shoe is on the other foot, it seems hypocritical to say that foreigners cannot invest here." Gardner's sentiment is shared by a large number of thoughtful U.S. business executives. "It's a free market, an auction market," said new General Motors Chairman Thomas A. Murphy last week...