Word: auctioner
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...golfers themselves, the Tournament of Champions is the second-richest competition in the U.S. ($37,500 in prizes).* For gamblers, professional and amateur, it offers golf's biggest Calcutta pool, i.e., player auction. And it offers just the sort of risk the high rollers like to take. There is no house cut; there are no handicaps to figure; the field is small and brimful of class (eligible players must have won a P.G.A.-sponsored tournament during the past year). So when Los Angeles Auctioneer Milt Wershow jumped onto the stage, the boys were ready with their money...
...searching out the buyers' markets: "When other collectors bought large canvases, I would buy small pictures. Later, when smaller paintings were more readily hung I acquired large ones. When interest lagged in English, Dutch and Flemish schools, I added them." In 1939 Collector Chrysler also set a U.S. auction record tor Cézanne paintings by paying $27,500 for the portrait of Madame Cézanne...
Outbidding Hearst, Meyer bought the Post anonymously at auction for a bargain $825,000 in 1933-four years after he had offered $5,000,000 and been turned down. He found it "mentally, morally, physically and in every other way bankrupt," the raddled plaything of oil-rich Playboy Edward ("Ned") McLean. A horse fancier, gaudy Publisher McLean once devoted three of the paper's four sports pages to agate tables on racing performances. He brought his mistress to editorial conferences (so his wife, Evalyn Walsh McLean, charged in a divorce action) and made the old Post building on Pennsylvania...
MURROW: There is a time to live and a time to die-a time to sow and a time to reap-a time to laugh and a time to cry. This auction might well be called the death of a small farm . . . Dale Peterson was one of about 3,000 Iowa small farmers who quit in the last six months. In the nation, 600,000 have given up in the last four years. . . Some economists and agricultural experts claim that we are witnessing the death of the small farm in the United States-that in a world of machines...
...gloomy halls of La Paz's Foreign Ministry, crammed with ornate furnishings of so many periods that it calls to mind an auction house, a hundred men and women gathered one morning last week to shake hands with Foreign Minister Walter Guevara. After almost four years of energetic service, Guevara, a longtime sociology professor and an outspoken friend of the U.S., was being forced out. Even more worrisome was the cause of Guevara's fall: a plain left swerve by Bolivia's ruling party, the National Revolutionary Movement (M.N.R...