Word: auctioner
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Last April, Williamson tried to sell 12,000 carats on the open market. The trade said he had only one big offer. The trouble was that Williamson wanted to auction his diamonds, instead of setting fixed prices as the cartel does. Furthermore, dealers were afraid that the cartel might freeze them out entirely if they bought Williamson's stones...
...Secretary of Commerce Charles Sawyer refused to hand over the property, started a new appeal to the courts. But last week Sawyer and Dollar came to terms out of court in a Solomon-like decision that will cut the baby in half. The line will be sold at public auction for a minimum price of $14 million, to be split 50-50 between Dollar interests and the Government. The line should bring much more, since its assets are estimated at $32 million. Dollar indicated he might bid for the line himself, go back to running it if he wins...
...happiest man in Chicago last week was an art dealer by the name of Jack Shore. Making the rounds of Manhattan's auction galleries three months ago, Dealer Shore had come across an interesting painting of a young woman done on six small pieces of canvas sewed together. He picked it up for $100, and then on a hunch showed it to Maurice H. Goldblatt, director of Notre Dame's university art gallery. Director Goldblatt's verdict: the old painting is a long-lost portrait of Lucrezia Borgia by the 16th century Renaissance master Bartolommeo Veneto. Possible...
...plant is Leitz's first in North America since Pearl Harbor, when its U.S. distributing subsidiary was confiscated (the Alien Property Custodian will sell it this week to the highest bidder at an auction from which Leitz is barred). To choose the site, 81-year-old Dr. Ernst Leitz, son of the founder, sent over his 46-year-old son and namesake who thought that Midland, with its lake and nearby rivers, looked enough like Wetzlar to keep the emigre workmen from getting too homesick...
...more records were broken last week in the rocketing Alberta oil boom. A public auction of government-owned oil and natural-gas leases totaled $12,881,436, surpassing the previous record for a one-day sale by more than $3,000,000. One of the leases, for a 160-acre plot in the Bonnie Glen field southwest of Edmonton, was sold to the Texaco Exploration Co. for $3,110,000, the highest price ever paid for a single parcel of Alberta oil land...