Word: auction
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Dates: during 2000-2009
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Americans who are fed up with the stock market's volatility are turning to an investment that seems to promise a smoother ride: collectible cars. According to a study by the automobile-auction company Barrett-Jackson, the billion-dollar collectible-car industry is growing at a 10% clip annually. "The baby boomers are fueling this long-term trend," explains Craig Jackson, president of Barrett-Jackson. "They want to own the cars of their youth." Coveted wheels include '50s sports cars like the Corvette and muscle cars of the late '60s and early '70s like the Pontiac...
...have to take it for granted that art patronage, as once understood, no longer exists in today's America. People collect art, buying it for their own enjoyment. But spending millions on an inflated comic by Roy Lichtenstein or outbidding a rival heavy hitter at an auction isn't public patronage. Such patronage suggests some intent of public edification, and in the U.S.--thanks to its barbarously ignorant politicians and its media-sodden public--that can no longer be done by high art, even if there was much high art to do it with. If the various bickering factions ever...
...obtain bids for everything from paper clips to laptops and industrial chemicals. Yet buying health care has remained an archaic, labor-intensive and costly process. Both employers and providers have treated health care as too complex and variable to be put up for online bids. As auction software has become more sophisticated, though, companies are using it to award gnarly contracts for relocation, travel and other complicated services. Today these tools are also being adapted to the health-care market by a handful of firms led by IE-Engine. Its software and services, which cost...
...week following, the decision has spawned a website, threats of legal action and most recently the creation of an online auction which hopes to find a donor willing to contribute the funds necessary to keep the program afloat...
...week following, the decision has spawned a website, threats of legal action and most recently the creation of an online auction which hopes to find a donor willing to contribute the funds necessary to keep the program afloat...