Word: auction
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Fred Wertheimer, president of the citizens' lobby Common Cause, which initially demanded the investigation, was outraged at the lenient treatment, and angrily commented: "The U.S. Senate remains on the auction block to the Charles Keatings of the world." Joan Claybrook, president of Public Citizen, called the report a "whitewash...
...developing above the U.S. The gulf conflict has sent jet-fuel prices soaring and passenger travel plunging, creating brutal competition in the airline industry. Last week the big got bigger as American, United, Delta and Northwest all picked over the carcass of Eastern Air Lines. In a bankruptcy auction they divvied up 238 landing and takeoff slots, 48 boarding gates and four of the failed carrier's routes. The biggest winner: Delta, with 16 landing and takeoff slots, 21 boarding gates and three routes serving Canada for $157 million. The losers: small carriers such as America West, Midwest Express...
...think just the glut of sequels. There was one specific piece of news...that there'd been an auction conducted by the Margaret Mitchell estate, to auction off the rights to let some publisher do a sequel to Gone With the Wind [for $4.9 million]...And it did occur to us that if we were to do twenty sequels in one book, we could write a proposal suggesting that they might be worth a hundred million dollars. And, uh, they weren't quite, but it was actually a way of making a lot of parodies we wanted to do anyway...
...painting, signed with a solitary V, is apparently a work that Van Gogh painted in Paris in 1886. By 1930 it belonged to a Swiss banker, and it was later bequeathed to his Milwaukee relatives. When Chicago's Leslie Hindman auction house puts the painting on the block in March, the obscure work could fetch as much as $800,000. Its discovery has sent fortune hunters rummaging through their attics, hoping to strike oils...
...Sotheby's and Christie's are jolted by a major shake-out in the art market. Top-quality works still command good prices, but the overhyped contemporary field suffers a massacre, with many offerings going unsold. Moreover, the decline casts new doubts on the competitive tactics of the auction houses...