Word: auctioner
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...this new burst of demand rapidly pushed up prices and attracted speculators, generating a frenzy in India similar to the ones that engulfed the U.S. and European markets. An Indian auction house, Osian's, even began marketing a sort of mutual fund for fine art. Artists, too, developed unrealistic expectations. "Everyone wants to be Damian Hirst overnight," says Mumbai gallery owner Jai Bhandarkar...
...since September on Wednesday, just as futures prices for Arabica beans - which make up the bulk of the world's supply - topped $1.35 per lb. in New York, the highest since October. Recent droughts from Sri Lanka to Kenya, meanwhile, have constrained tea production, forcing up crop prices at auction...
...What about your clothes? After my wife cleans them, [cancer charity] Marie Curie will auction them. The kit represents the first human to have crossed both ice caps and scaled the highest mountain, which I am particularly pleased with because there is a French man and a Norwegian, both of whom have also crossed the ice caps and both of whom were intending to be the first to do Everest as well. Now that remains a U.K. record...
Celebrated French mime Marcel Marceau left his mark on the world through silence, but his earthly belongings are generating a great deal of noise these days. On Wednesday, Parisian auction house Drouot began the second and final day of bidding on artwork, books, manuscripts and costumes Marceau left behind when he died at the age of 87 in September 2007. "We have 4,200 over here - certainly an original Marceau merits another bid!" prodded auctioneer Rodolphe Tessier as he stoked the bidding on Marceau's painting The Audience Observing from a reserve price of €800 ($1,080) toward...
...Critics say the bazaar-like atmosphere is hardly fitting. They note that the auction was court-ordered with the limited objective of reimbursing $405,000 in debt Marceau racked up at the end of his life to finance his shows. To ensure that sum is obtained, the auctioneers have set astonishingly low opening prices so everything will find a taker. (See pictures of Marceau...