Word: auction
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Dates: during 2000-2009
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...heist was allegedly an inside job. Li Haitao, who was head of security at the Waibamiao museum complex in the northeastern Chinese resort town of Chengde, has been accused of carting off 158 ancient relics, some of which ended up on the black market and at the Christie's auction house in Hong Kong, according to police. (Christie's says it researched ownership and found no evidence that the pieces were stolen.) Li was allegedly a classic bag man, removing the items one at a time in a sack. When authorities raided his home in December, they found that...
...Bronze Ox Head China failed three years ago to persuade auctioneers to return four bronze animal heads believed to have been stolen from a Summer Palace fountain 140 years ago by British and French troops. But it eventually managed to repatriate three of the bronzes?by buying them at auction for $4 million...
...Christie's contemporary art sale in New York last month, the top lot was a huge mural painting by Mark Rothko that the auction house hailed as a "masterwork" and "of particular importance." When the bidding was over, No. 9 (White and Black on Wine) had sold for $16.4 million - a record for a Rothko at auction, as Christie's was quick to point out. What Christie's didn't trumpet was the identity of the seller: François Pinault, the self-made French billionaire whose holdings happen to include Christie's itself. The Rothko was in good company...
...this time around, Harvard’s team, which in January was carbon copied on a letter from the mayor to the Turnpike Authority protesting the auction, knew that City Hall would oppose the sale even before they made a bid. As the cash-strapped Turnpike Authority pushed ahead, Harvard eagerly followed...
Gates found the work, entitled “The Bondwoman’s Narrative,” in an auction catalogue in the summer of 2001 and purchased it for $9,775. Appraised recently, the document was found to be worth $350,000. The mid-nineteenth century account is believed to have been written by an escaped slave, Hannah Crafts...