Word: auctioner
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...everyone will be so lucky as the Massachusetts schoolteacher who picked up a primitive watercolor for 35¢ at a church auction and sold it 35 years later for $22,000. Or the Philadelphia couple who 30 years ago bought a Ming vase for $400 and sold it for $260,000. But an increasing number of people are finding that collecting antiques (art, furniture and objects at least 100 years old) can be enormously rewarding, both aesthetically and financially...
...British paintings to Yale, had been considered the most likely foreign buyer if the Tate fell short. But Mellon, a self-styled "galloping Anglophile," felt the paintings should stay in England. He contributed four paintings from his private collection, two Vuillards, a Bonnard and a Giacometti, to a benefit auction. They went for about $90,000, and soon, with more than a little help from the British government, the two Stubbs found themselves safely ensconced in the Tate. British art lovers could breathe easy?for a while at least...
...cavernous California mountain lodge, some 40 smiling people, their shiny, shaved heads reflecting the dancing flames of a roaring fire, oohed, ahed and applauded. A lawyer had just pledged to file ten divorces for the ten highest bidders at a fund-raising auction on New Year's Eve. At a wooden table a grizzled, gruff man who wears a cap emblazoned with the message I'M THE MEANEST S.O.B. IN THE VALLEY nodded his approval. Charles (Chuck) Dederich, 64, was adding another ritual to his famed commune Synanon: wife swapping...
...Carborundum was made by Eaton Corp., the Cleveland-based auto-parts maker, nearly three weeks ago; Eaton offered $47 a share for Carborundum, a pretty premium of $14 for a stock that never sold higher than 40% during the past ten years. When Carborundum rejected that offer, a furious auction began that finally concluded early last week in the Manhattan offices of Morgan Stanley & Co., which represented Carborundum. After some unnamed other bidders called in by phone, Kennecott offered $66, or some 14 times this year's projected earnings...
...which have never been explained-and had to be destroyed. New York State racing officials suspect that it was Lebón that was destroyed, not Cinzano, and that Cinzano, a blue-chip colt, was run as Lebón-a raced-out plodder who had sold at auction for $600 a few weeks before Gerard purchased...