Word: auctioneers
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Dates: during 1950-1959
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...Meegeren died about a month after the trial, and last week his remaining paintings went up for auction. Together with his Amsterdam house and furniture, they brought only 242,000 guilders as against creditors' claims of some 5,000,000 guilders ($1,315,800). One of the highest bids, $800, was for a seventh "Vermeer" entitled Christ in the Temple, which Van Meegeren had painted after his confession (see cut) to prove to some still unconvinced experts that he had actually forged the previous ones...
...musty auction rooms of Sydney's Royal Exchange, the wildest wool market in history got under way last week. Buyers pulled off their neckties and rolled up their sleeves as prices jumped in the heavy bidding carried on by burry-voiced Yorkshiremen, throaty Flemings, precise, high-pitched French. All Western Europe was bidding for this year's crop of Australian wool...
...good for Australia, such prices were bad news to U.S. woolen mills, which can expect even higher prices this fall when they start bidding for fine-grade apparel wool (last week's auction was mostly limited to grade B stock). The U.S. will import more than 300 million Ibs. of wool this year; textile manufacturers fear that the skyrocketing wool prices will boost the cost of woolen cloth by about $1 a yard, tack an extra $5 on a man's good-quality suit by next spring. And last week the tight-squeezed wool market got ready...
...story of bankrupt Lustron Corp. neared its end last week, as far as RFC was concerned. It took possession of Lustron's machinery, equipment, patents and trade name, bought at public auction the week before for $6,000,000. (RFC already owned the plant.) By selling the assets off, RFC thought it might get back a little of the $37.5 million it had poured into Lustron. But at week's end Lustron creditors started a fight to get a cut of the assets. It looked as if the squabble over Lustron's bones might drag...
...Other Half. In Woodward, Okla., Walter Thomas went to a Kiwanis benefit auction, successfully bid for a coat, donated by his wife, which just matched his own pants...