Word: auctioner
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...collectors have gotten a little nervous lately, whistling past the twin graveyards of housing and stocks, money remains a force to be reckoned with. Month after month, deluxe aesthetic merchandise--the stainless-steel jewelry sculpture by Jeff Koons, those naughty-nurse paintings by Richard Prince--keeps rolling out of auction houses like so many hood ornaments...
Still, Ebbinghaus says, "the way collecting worked in Europe and the U.S. in the earlier part of the 20th century, there may have been documentation, but nobody ever paid much attention to it." A small statuette that shows up at an auction and lacks documentation may have been in a collection with poorly kept records—or it may have been looted...
...auction in a luxury Mumbai hotel on Feb. 20, the IPL's eight city-based franchises each spent up to $5 million to buy the services of 76 of the world's best players. To buy the franchises themselves, an assortment of businessmen and Bollywood actors had earlier forked out a total of $700 million. "The IPL has the backing of some of the heaviest hitters in India, if not the world," says Gus Seebeck, sport-marketing manager for Australia's Network Ten, which paid more than $10 million to secure the local TV rights for the IPL from Sony...
...duties clash with the chance to earn quick bucks in India, players are already getting restless. Australian captain Ricky Ponting wants a window created in the calendar for the IPL, lest aging players make a calculated decision to retire early from their Test careers. Teammate Andrew Symonds, snared at auction by Hyderabad for $1.35 million over three years, has made it clear he'd rather play in the upcoming IPL tournament than tour an unstable Pakistan as part of his national squad. "Right now you'd have to be nervous if you're a cricket administrator," Symonds warned...
...million Amount earned at auction for 301 rare pennies sold by a coin collector in Burbank, Calif...