Word: auctioneering
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Dates: during 1940-1949
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Ancient vintage cars, deserted by their owners, find their way to the auction block almost daily. Such sterling buys as a Model 34 Marmon a 1933 Pierce Arrow, and a 1932 Cord as well as slightly later models have been offered...
...industry last week shook like a badly frightened rabbit. There was much to be frightened about. Retail fur prices were being cut generally from 25 to 50%. An auction of 25,000 ranch-raised mink brought prices 30% below those of last December, and only 60% of the pelts were sold. Prices of fox, hardest hit of furs, dropped so much at auctions that fox farmers were holding their pelts off the market...
...Shakespeare First Folio copy (there are some 200 of them) went at auction to an anonymous New Yorker last week for $22,000 -a good price, but way below the record...
Last week, 15-year-old Jack Hoffman got a jackpot return for his $260 investment. After T. 0. Pride had first been named junior champion and then grand champion steer at Kansas City's rich, famed American Royal livestock show, Jack Hoffman sold him. The auction price: $42,600 (the Government will get $19,801.80 of this unless Jack is able to deduct a sizeable amount as "operating expenses" and needed improvements on his 80-acre farm...
...opinion, the defendants have clearly been violating the Sherman Antitrust Act through a complex system of fixed admission prices, block-booking, pooling arrangements, and franchises. In general, said the court, these practices would have to go; in particular, block-booking would have to give way to the auction setup in which any exhibitor could freely bid for any new films. Moreover, the exhibitor would not have to buy in blocks-i.e., take three bad films to get one good one. But the court felt that forcing the producers to sell their theaters was too drastic, and would only "create...