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...bull is called The Golden Calf and it's headed to market at Sotheby's in London, where it will be the star of a much hyped two-day sale of 223 works by Hirst that begins on Sept. 15. This will be the first time any auction house has sold a quantity of work fresh out of an artist's studio. As auction prices for contemporary art have rocketed ever higher, galleries have been dreading this very possibility: that a famous artist would bypass his dealers - who usually get a cut of roughly half of a work's sale...

Author: /time Magazine | Title: Damien Hirst: Bad Boy Makes Good | 9/4/2008 | See Source »

...waters around the site, buy out about 480 workers who lost their jobs when the shipyard shut down, and upgrade Tivat's sewage and water-supply systems. Munk is even offering local students scholarships to Canadian universities. Initial hostility from opposition politicians who accused him of planning to auction off the land for a quick buck has abated. "This is just the kind of project that Montenegro needs," says Rade Ratkovic, a professor at the Faculty for Tourism, Hospitality and Trade Management in the port city of Bar. "We should award him a title: Count Munk of Tivat...

Author: /time Magazine | Title: Tivat: The Next Monaco | 8/20/2008 | See Source »

...heavily partisan fans raised the decibel level past rock-concert intensity, Lin rewarded the audience after the match by throwing his racket into the crowd. Next came one sweaty shoe, then another. Chances are Lin's throwaways are already attracting furious bidding on Chinese online auction sites - if, that is, the lucky recipients can bear to part with such national treasures...

Author: /time Magazine | Title: China's Badminton Star Takes Gold | 8/17/2008 | See Source »

...Madrid wine school. "For example, there are only five authorized grapes for a Rioja, but lots of winemakers sneak in cabernet anyway. This could help enforce the standards." The device, which is small, portable and relatively inexpensive, could also come in handy during the big business that is wine auctions. "Fraud is a big problem for auction houses," says O'Connor. "This is a way for them to verify a vintage...

Author: /time Magazine | Title: E-Tongue Passes Wine Taste Test | 8/12/2008 | See Source »

...took Germeda Koro from Kuyera, where he was caring for his daughter Ramete, 6, to Gode village for the funeral of a neighbor's child. Koro said 20 children had died in Gode. The surrounding fields were overflowing with abundance. On the drive in, we passed a roadside auction for potatoes, huge yellow boulders stuffed 50 kg to a sack. When I asked Koro why people didn't kill the goats, cows and chickens that roamed the village to save their children, he replied: "Look, maybe one or two of your children get sick every year. But if you kill...

Author: /time Magazine | Title: Among the Starving in Ethiopia | 8/6/2008 | See Source »

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