Word: auctioneer
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...first European to win the award. SENTENCED. A. ALFRED TAUBMAN, 78, colorful principal owner and former chairman of Sotheby's, to one year and a day in prison and fined $7.5 million, for heading a six-year price-fixing scheme in collaboration with the other major international auction house Christie's; in New York City. Christie's provided the authorities with key documents in exchange for conditional amnesty. RESIGNED. KAREN HUGHES, 45, senior White House advisor; in Washington, D.C. Hughes had been a top aide to President George W. Bush since his 1994 run for Texas Governor. She cited family...
...Monday sentencing of philanthropist A. Alfred Taubman for his role in orchestrating a price-fixing scheme between the nation’s top two auction houses will not affect the Kennedy School of Government’s Taubman Center for State and Local Government, said officials at the school yesterday...
Taubman, who donated $15 million in 1988 to found the center, colluded for six years with Sir Anthony Tennant, the former head of rival auction house Christie’s, violating a federal antitrust law by fixing the fees the auction houses charged to sellers...
Flipping through antique catalogs last summer, Gates came across a manuscript purportedly written by a female slave in the 1850s. He bought the document at an auction for less than $10,000 and spent the next year authenticating the text and narrowing down its possible author...
Companies looking to recast themselves as lean, mean corporate machines have three options. The preferred method of divestment is a sale, especially if there's enough interest to create an auction - and get a premium price. But buyers are not always available in slow economic times, and some divisions are not appealing to anyone. "If you can't sell it or if it is very large, you do a spin-off," says Paul Gibbs, head of M and A research at J.P. Morgan in London. A spin-off is essentially giving a unit to shareholders. But because spin-offs...