Word: auction
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...spaces, white walls, slate floors, discreetly hushed viewing areas. The branches of the Marlborough group are linked by telex machines, clacking out their information and requests. New York is asking Rome to make hotel reservations for Marlborough's Japanese partners; London reports its day's schedule of auction prices. It is an atmosphere in which bankers and brokers feel instantly at home, removed from the puzzling messiness of the creative life...
Another time, Mr. Starr sold a first edition of Emerson's early poems to a New York dealer for $75. He thought he was getting a pretty good price, since the auction listings had that edition priced at about $50. But the dealer sold the book to another dealer for $600, and he turned around and sold it to Harvard for $2000. "That's because it was a presentation copy to Henry Ware," says Mr. Starr. "He was Emerson's minister, and he almost convinced Emerson to go into the ministry." Mr. Starr is full of biographical information about American...
...looked like the ultimate humiliation for Rolls-Royce Motors Ltd. In late March, the famous company was put on the auction block-and last week it developed that nobody wanted to buy it at a price acceptable to Bankruptcy Receiver Edward Rupert Nicholson. He had asked companies interested in purchasing Rolls to submit sealed bids, which were opened last week. No foreign company made a bid, because the British government would not have let a foreign purchaser use the Rolls-Royce name. Ten British bids were received, but all were below the $120 million or so that London financiers once...
That is reputed to be only a wee bit above the highest bid-all of which has led some bankers to suspect that the government favored the public offering all along, and went through the motions of conducting an auction only to demonstrate that it was getting the highest possible price. The stock offering, which will enable Rolls-Royce to continue as an independent company, is highly popular with the British public; some 200 London investment groups have lined up for a piece of the stock. Creditors of the old Rolls-Royce Ltd., which went bust...
...auction in Boca Raton, Fla., recently, a man from Lake George, N.Y., bought his daughter an unusual present for $37,000: the "Chitty-Chitty Bang-Bang" car, complete with wings and propeller, used in the 1968 Walt Disney movie. In Indianapolis last year, Greta Garbo's old Duesenberg brought $95,000. In Hollywood, TV Producer Burt Sugarman recently picked up a unique addition to his collection of classic cars: a 1927 Brewster Stratford Rolls. The price...