Word: auctioner
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Exactly how the lands will be sold to the public remains to be determined. The White House has not decided whether to do it by sealed bids, public auction or some other method. "It is clear that we'll have to go beyond what's been done in the past," says Edwin Harper, the President's assistant for policy development and chairman of the Property Review Board. "We can't just put an ad in the newspaper and see what responses come...
Land Leasing. Under Watt the federal acreage leased for oil exploration has more than doubled; land leased to coal companies has quintupled. Conservationists worry, for example, about the lease hastily granted last fall for drilling beneath New Mexico's Capitan Wilderness. Critics also say it is unwise to auction coal properties during a market glut...
Last month in Kentucky the annual Keeneland Summer Sales, the Academy Awards of equine auctions, did even better. There, 279 yearlings averaged $344,183 apiece, up 32% over last year. One lively colt, son of the extraordinary Nijinsky II, went for an alltime auction record of $4.25 million. Said Kentucky Horse Breeder William O'Neil: "Last year's prices were mind boggling, but this year's are about unbelievable...
DIED. David Carritt, 55. master sleuth of the old masters who rediscovered an unmatched array of rare and valuable paintings; of cancer; in London. Art historian, dealer and critic, Carritt had an unerring eye that enabled him to buy a misattributed Fragonard masterpiece at a public auction, under the noses of other top experts, at a tiny fraction of its present million-dollar value. "When you've become familiar with the work of a master, it's like recognizing a friend's handwriting," he once said. Among his finds were five Francesco Guardi canvases rolled...
...British Betting Tycoon Robert Sangster, 46, who has parlayed a shrewd interest in horseflesh and an oddsmaker's understanding of the business into a stable of 400 Thoroughbreds, paid $4.25 million for a 15-month-old colt. It was the highest price ever for a race horse at auction. Sangster outbid Sheik Mohammed bin Rashid el Maktoum, Dubai's Defense Minister and the heir apparent to the throne of the principality, who dropped out after offering $4 million. Sangster breezily announced he would have gone higher to get the magnificent dark bay, a son of Nijinsky II, Europe...