Word: auction
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...While Banksy made his name - or, rather, pseudonym - painting stenciled political and satirical images out-of-doors, in recent years his commercial pieces, including drawings, paintings and installations, have sold at auction for hundreds of thousands of dollars. At the same time, Banksy continues to create the street artwork he's famous for. The Westminster piece depicts a child in a red, hooded sweatshirt on a ladder painting the slogan "One Nation Under CCTV" in large letters, as a U.S.-style police officer with a camera and a dog stand nearby. CCTV is Britain's system of closed-circuit public...
...work, if it remains, is likely to add value to the property, not least because it's considered a valuable work of art. But attempting to sell Banksy's street works can be a risky business. Last month, five of the artist's street pieces failed to sell at auction because Banksy refused to verify their authenticity. In January, a wall Banksy painted received a final bid of over $400,000 in an eBay auction, but the sale was never finalized, according to Banksy's publicist. The organization that authenticates Banksy's artwork, Pest Control, refuses to approve street pieces...
Phillips Brooks House Association celebrated its second annual alumni weekend with panels, meetings, a bike auction, and a dinner to present its Outstanding Supporter and Outstanding Alumnus awards. The weekend was a continuation of Sustainability Week and marked a reorganization of the PBHA Alumni Association (PBHA-A) with events on service and networking. According to PBHA-A leaders, the association has a new structure intended to focus on bringing alums back to campus to provide current undergraduates with networking opportunities. Grace C. Hou ’06, secretary of PBHA-A, said the weekend emphasized the goals of the alumni...
...least at the margin. Reto Francioni, CEO of Deutsche Borse, a stock exchange in Frankfurt, described how volatility disruptions now kick in hundreds of times a day. When a stock's price jumps outside of its proscribed range, word goes out and trading switches over to an auction format for about five minutes to give all the market participants a chance to regroup, process any new information they might have - and to prevent the volatility from feeding on itself. "When markets aren't acting rationally, it's healthy to slow them down," said Richard Rosenblatt, CEO of the trading shop...
...have already sold out. That's an impressive achievement, given the bad economy and the team's second straight horrific collapse down the stretch. The New York Yankees have also reported strong luxury-box sales for their new stadium. On Oct. 19, the first day of a public auction for personal-seat licenses that give you a right to buy season-ticket packages for future games, the Jets exceeded their benchmark target of $25,000 for the premier seats in their new stadium, according to CNBC. (Though prices have dropped since then.) Overall, baseball's 2008 revenues rose...