Word: auctioner
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Most Detroiters could hardly believe it. The company lost $12,000,000 and most of its customers in the depression; it was $1,000,000 in hock to RFC; it was on the auction block only two and a half years ago. Yet last week this same outfit was sprucing itself to receive the Army-Navy Production Award, highest U.S. recognition for excellence in war-goods production. Its name: Continental Motors, manufacturer of engines for tanks, airplanes, trucks, industrial equipment. Its boss and spark plug: husky, harddriving, cigar-chomping Clarence ("Jack") Reese...
...Owner Tom Taggart invited 1,000 rich and prominent Indianans to spend a free weekend. Even the Pluto Water was free. Only expense for each guest: he must buy at least $1,000 in war bonds. The guests outdid themselves. Slapstick Cinecomedians Bud Abbott and Lou Costello conducted an auction. Boldest bid: $103,000 in bonds for a cocker-spaniel pup donated by Cinemactress Irene Dunne. Total sales that weekend in French Lick...
Europe's refugees, made shrewd by wars and revolutions, long ago discovered a special value in art-namely, it is the most golden of all gilt-edged investments. Buying by wealthy refugees last season set Manhattan's 57th Street galleries and auction houses humming like stock exchanges, helped roll up the biggest art business since...
...Parke-Bernet Galleries, fabulously wealthy Belgian Baron Cassel van Doom stumped pompously to every important sale, solemnly focused a pair of high-powered binoculars on everything that reached the auction block. At Gimbels 84-year-old Spanish Millionaire José Lazaro Galdeano, his loud necktie half hidden by a grey spade beard, bought right & left, walked off with one of the season's most expensive buys ($26,742): François Boucher's L'Amour, reputedly posed by Mme. de Pompadour...
...House Appropriations Committee subcommittee was on its ear now. It whacked some more. Tough old John Taber of New York took up his snickersnee, whacked $130 millions off with one slash. But the auction settled down at $95 million; then the full committee sliced it to $75,000,000 before the bill went to the House floor. Fighters Taber and Oklahoma's Jed Johnson, veteran Henderson-haters, vowed to carry on, fight right to the House floor. Their goal: to see to it that Henderson got by on what was finally approved, to make him use volunteer price watchers...