Word: auction
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...known, does get credit for the basic plot and the "Rosebud" sled gimmick, but most of the words belong to Welles, who, after all, had to speak them as the film's protagonist, Charles Foster Kane. Among the footnotes to this classic is Steven Spielberg's purchase at auction of one of three sleds used in the project. The young producer-director paid $55,000 for the icon, only to have Welles later declare it a fake...
This week the federal bankruptcy court will decide what to do next. Texas Air wants to shrink Eastern to compact size, linking about 60 cities with 130 jetliners, down from the 110 cities served by 250 planes before the strike began. Another option, an auction to sell off Eastern in pieces to the highest bidders, could draw such expansion-minded airlines as TWA, American and Delta. Adding to the suspense, sources close to Ueberroth say his game may still go into extra innings...
...biggest boom of all began in 1968, when enormous quantities of oil were discovered at Prudhoe Bay. In 1969 the state held an auction for oil-drilling leases and suddenly found itself $900 million richer. Almost overnight, tens of thousands of Americans followed the advice in the chorus of the Johnny Horton pop tune, "North to Alaska! Go north -- the rush is on!" The state began to fill with drilling crews, geologists and oil-company executives. The barren North Slope, where only a few Inupiat, or Eskimos, had lived, now bristled with hard-hatted workers who were hardy enough...
...auction of Soviet contemporary art held, amid vast hype, by Sotheby's in Moscow last July was seen by the West as a vindication of dissident artists but by many of the artists themselves as divisive and even dispiriting. Some lots went for unheard-of sums; the painter Grisha Bruskin, whose work had been comfortably selling in America for just over $40,000, saw a large multipanel piece called Fundamental Lexicon go for $415,000, an event that caused much skeptical talk both inside and outside the ministry. Landscapes by Svetlana Kopystiansky, and her husband Igor's assemblages...
Always a numbers man, Rose was at the vanguard of baseball's economic revolt. His original ambition, "to be the first $100,000 singles hitter," sounds quaint now. In the late 1970s he made an auction out of the new free- agent system, and for $3.2 million over four years stopped off in Philadelphia to show the Phillies...