Word: auctioner
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Died. Leslie Abraham Hyam, 62, president since 1953 of Manhattan's Parke-Bernet Galleries, a London-born patrician who helped found the art auction house in 1937, taking as his fields Chinese jade, French furniture and English flower painting; of a heart attack; in Canaan, Conn...
...Graveyard. Only at the race track do the old traditions survive. Gentlemen must still wear coats in the clubhouse; horses are still saddled and mounted graciously on the cool grass under the elms behind the peak-roofed grandstand. The annual August yearling auction is still the No. 1 event on a true horseman's social and business calendar; prices on unraced thoroughbreds run as high as $87,000. And Saratoga is still a "graveyard of favorites." It was there, in the 1930 Travers Stakes, that Jim Dandy, a 100-1 shot, galloped through the mud to beat Whichone...
...befits a real estate tycoon, he had three private phones at his elbow-one to the office, one to the outside world and one to the rostrum, 75 ft. away. But all those hot lines could not break the ice at the giant auction in the grand ballroom of Manhattan's Astor Hotel. In need of some hard cash, William Zeckendorf, 58, put 25 New York City properties up for grabs, hoping to get more than $7,500,000. Only ten of them drew any bid at all, sold for a near-minimum $2,622,000 (which will...
...barred from selling securities in New York. The troubles of the syndicators have caused crises for such as Manhattan Real Estate Tycoon William Zeckendorf, who finds it harder to peddle real estate to them when he needs cash; last week he announced that he will resort to public auction to sell off some of his New York properties...
...caters to the acquisitive urges of several million collectors, from the majority who only dabble in stamps to the considerable number of absorbed adult collectors who spend at least $1,000 a year. Harmer's alone last year turned over $3,000,000 worth of stamps by auction or private sale. Several small nations that philatelists consider particularly interesting-including Monaco, Liechtenstein, San Marino, the Vatican and lately Ghana-depend on selling their stamps to collectors as a way of replenishing their treasuries. Pitcairn Island, where the Bounty mutineers settled, receives almost half its revenue from stamps that never...