Word: auctioneering
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Dates: during 1940-1949
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When the sheikh put his share in the lands up for auction, Gulf Oil Corp. and Shell Union Oil Corp. made token bids, and Independent walked off with the prize. One oilman said simply: "The whole industry stood on the sidelines and cheered." For Independent is an important face-saver-token "proof" that the U.S. does not maintain its strategic Middle East beachhead for the sole benefit of the companies that dominate the U.S. oil industry...
...political evaluation, made a ?100 bet with Dr. James C. Young of Minneapolis in 1901 that the British Empire would remain intact for at least another ten years (TIME, March 19, 1945). Last week, Winnie himself underwent evaluation of a sort: the written record of the bet sold at auction...
...Luther Evans, Librarian of Congress, announced that the original manuscript of Alice in Wonderland would be sent back to England as a gift from Americans. Dr. Evans spent $50,000 to buy the manuscript at auction in New York in 1946, later got all but $5,000 back from anonymous donors who also wanted the script returned "as an expression of thanks to the British ... for holding off the enemies of freedom...
...Marlboro, N.Y., the farmhouse of the late Frederic W. Goudy, famed designer of printing types, was put up for auction. Till the day of the sale, Goudy's family had hoped that somebody might offer to make a "shrine" of the place, but nobody had come forward. Then Ralph C. Coxhead, manufacturer of VariTyper machines (widely used by publishers whose typesetters go on strike), got the farm on an $18,000 bid. His plan: to "perpetuate it as a shrine...
...last week to say goodbye to the famed old liner Mat-sonia. As the ship passed, on her last voyage to the mainland, a few sentimental spectators wept. One of Hawaii's most popular links with the mainland, she was headed for San Francisco and the auction block. In her place this week was a younger (1932) Matson ship, the 18,163-ton Lurline, making her first commercial postwar trip to the Islands...