Word: auctioner
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...Chan snapped up his A623 in an online auction for just under $150 - underscoring the fact that early communist-era Chinese mechanical watches are within the financial reach of almost anyone. "Even many rare models can still be found for [around] $75," Chan says. To be sure, some pieces occasionally fetch impressive sums (a 1955 Shanghai Watch sold at auction for over $15,700 in 1996), but for the moment no one is talking about the investment value - only the pleasure of getting your hands on a quaint piece of revolutionary history...
...French-Dutch Air France-KLM was the only bidder left in an auction that began 15 months ago when Italy's Economy Ministry put its 49.9% of the debt-saddled company on the auction block. Air France Chairman Jean-Cyril Spinetta pulled out after Alitalia union representatives arrived at the table with brand new 11th hour terms after all sides had worked for weeks on a standing framework that included layoffs of around 2,100 and the closing of Alitalia's cargo division. The talks, of course, collapsed...
...enter the inner market of Tsukiji (too many visitors near the majority of the world’s raw fish supply is risky), we woke up at five a.m. and crammed into the metro. By 6:30, we had arrived, pushed through the crowds, and entered the central auction area. The fish stared up pitifully, the alleys reeked, the fishermen’s electric carts threatened to run visitors down, my stockings were soaked in fishy ice puddles, and I was giddy. Tsukiji is a foodie’s Disneyland and it made the late Fulton Fish Market...
...since investors began discovering to their horror early last year that it is in fact possible to lose money on mortgages, the market for mortgage securities has been gripped by distrust and disagreement. That distrust has since spread to other investments previously advertised as virtually risk-free: insured bonds, auction-rate municipal bonds and the structured investment vehicles (SIVS) that banks used to get ugly stuff off their balance sheets...
...Andy Warhol's work continues to set art-auction records and the mystique surrounding his life grows, naturally just about everyone is clamoring for a piece of the pop-art icon's legacy. Bond No. 9's latest collectible eau de parfum, Andy Warhol Union Square, is a new way to take part in Warhol mania. Drawing inspiration from Warhol's years working at the Factory, as well as from his prolific Flowers screenprints, the fragrance is a daring mix of sweet and sensual notes from lily of the valley, blue freesia and golden amber. Warhol's energetic Flowers come...