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...Spielberg, 34, he too was dealing with-and for-legends last week. Making a long-distance telephone bid of $60,500 to an auction at Sotheby's in New York City, Spielberg acquired that most famous of cinematic props, the symbolic sled Rosebud from Orson Welles' masterpiece, Citizen Kane. It was the highest amount of money ever paid for a piece of movie memorabilia, but Spielberg was unfazed. "It would have been an insult," he said, "if it had gone for only $20,000"-the expected price tag. "Rosebud," promises the hot hit-making director, "will go over...

Author: /time Magazine | Title: People: Jun. 21, 1982 | 6/21/1982 | See Source »

...autobiography of Kathryn Crosby was entitled Bing and Other Things (sample chapters: "How to Marry Bing"; "How to Have a Baby-or Three"). Well, Bing is gone, and soon a lot of the "other things" will be too, says Kathryn, 48. Late this month at Butterfield's auction house in San Francisco, she will put virtually her entire collection of Bing-a-brac on the block. Included is Bing's first recording, I've Got the Girl, made in 1926 with Don Clark and his Los Angeles Biltmore Hotel Orchestra. Also up for bids: Bing...

Author: /time Magazine | Title: On the Record: May 10, 1982 | 5/10/1982 | See Source »

Danny was concerned that the auction would not go well. "There are too many farm sales and money is tight," he said. "I hate this, but I think I'll be happier not worrying about it." Looking back, he regrets putting so much of his life into the farm, forgoing any vacations. "I've never taken Frieda any place for over a day," he says. "Now we can't buy a car and our 1974 Ford is worn...

Author: /time Magazine | Title: Everything You've Got Is Gone: Texas Farmers | 4/12/1982 | See Source »

...feared, the auction had gone poorly. The Altmans collected $70,000. Danny's share of that will go toward the debt of $180,000 that he owes the FHA. Each year from now on, someone from that office will look Danny up to see if he can make more payments. He is not sure how he will earn a living now. For the time being, he plans to weld fences for a nearby rancher...

Author: /time Magazine | Title: Everything You've Got Is Gone: Texas Farmers | 4/12/1982 | See Source »

Some people have become so desperate to sell their houses that they are turning to one of the oldest methods of transaction: the auction. In Southern California, where the inventory of unsold houses is 25% higher than it was a year ago, Kennedy-Wilson of Santa Monica, the area's leading home auction firm, has sold 325 condominiums and 100 homes at auction during the past twelve months, for a total of $90 million. Two months ago, in l½ hours, the firm's auctioneers sold 62 condos at prices of $48,000 to $89,000. Says Kennedy...

Author: /time Magazine | Title: Housing Blight | 4/12/1982 | See Source »

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