Word: auctioner
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...online auction site eBay, a popular venue for people to sell off coveted tickets like these to the highest bidder, announced that it would remove any postings concerning Michael Jackson memorial tickets in an effort to combat scalpers. On the site on Monday night, the only items available under "Michael Jackson Memorial" were T shirts. Still, organizers admitted they couldn't completely stop the blatant profiteering. "For those who take advantage of this," promoter AEG's CEO Tim Leiweke said last week, "shame on you." (See pictures of Jackson's Neverland Ranch...
...plan to step down as the governor of Alaska is her much touted autobiography, for which it will provide a hotly anticipated chapter. In May, HarperCollins announced that it had signed Palin to write a tell-all memoir. Unusual for a high-powered celebrity autobiography, there was no auction or bidding for the book; Palin negotiated only with HarperCollins, owned by Rupert Murdoch's News Corp., the same media company that owns the Fox News channel, which had strongly backed Palin's run for Vice President last year. While no figure was announced, the book deal was presumed...
...Even before the auction, analysts warned that Iraq's plans for attracting the investment necessary to crank up its output were overly optimistic. Iraq plans to retain ownership of its oil, but make long-term agreements with foreign companies to run the operations. But Oil Minister Hussein Shahristani demanded that oil companies lower their profit expectations, offering to pay them $2 for every barrel pumped in Iraq rather than the $4-a-barrel rate sought by oil executives. Chevron, which had negotiated for a year to develop Iraq's second-biggest field, West Qurna, pulled out of the deal...
...notion that the invasion of Iraq was simply an oil grab took another hit on Tuesday when Baghdad opened the bidding on the rights to develop its massive energy reserves. In a day-long auction of eight huge oil fields - some of the world's biggest - virtually all the 41 foreign companies invited to bid by the Iraqi government balked at the Baghdad terms. The only contract signed was a 20-year deal for a consortium led by BP and China's National Petroleum Corporation to develop the giant Rumaila field in southern Iraq. "Frankly I did not think...
...noticed no one was doing anything with the talent that existed here," says Sunny Rahbar, co-director of the Third Line gallery, one of the first spaces to exhibit local and regional artists. Within months of the gallery's September 2005 inaugural show, Christie's held its first auction in Dubai - bringing in $8.5 million - and the Art Dubai fair was established. (See 10 things to do in Dubai...