Word: auction
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That marriage, however, is not totally certain. The deal still has to be accepted by stockholders of both Du Pont and Conoco. For two months a flock of suitors had fought over Conoco in a bidding battle as frenzied as an auction for a newly discovered Rembrandt. The other most serious contenders: cash-laden Seagram Co. of Canada, the world's largest liquor distiller, and Texaco, the third biggest U.S. oil firm...
...Investors in 1979 paid about $7,500 for a set of three 1930 U.S. Zeppelin stamps at auction-a big increase over the 1961 price of $175. But this year at a California auction, the stamps' sale price fell...
Last week the large New York auction houses released figures for the 1980-81 sales season, which ends in August, showing a leveling off of once spectacular growth. Christie's reported sales of $130 million, a rise of 15% as compared with 242% last year. At rival Sotheby Parke Bernet, sales were up 20%, to $300 million, less than one-third last year's rate of 66%. "The market is much more selective now," explains Elizabeth Shaw, vice president of Christie's. "People are not just buying because they have nothing else to do with their money...
Coast guardsmen take over Blue Seas, which cruises back to Miami with Dauntless. The $200,000 vessel will be impounded by U.S. Customs and probably sold at Government auction. The owner, who is currently unknown, is not likely to come forth to claim it. The 40,000 lbs. of marijuana-tightly packed in polyethylene and burlap and divided into roughly 45-lb. bales-and the erstwhile smugglers will be turned over to the Drug Enforcement Administration. The Colombian gold, which burns at such high heat that it can ruin conventional incinerators, will most probably become free fuel, stoked into...
...hats, no cattle," sighed Charlie Finley last year when Dhe put the Oakland A's on the auction block after 20 years of stormy ownership. Finley was referring to the ensuing stampede of publicity-seeking, would-be buyers who did not have the scratch. But last November, Walter...