Word: auctions
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Dates: during 1950-1959
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...dirt-poor. By last week the busy world had fully caught up with Gauguin. In just 30 seconds at Sotheby's in London, one of the happy renegade's last South Sea canvases was sold for a record $364,000. Other high prices in the auction of 185 impressionists and postimpressionists: $406,000 for Cezanne's Peasant in a Blue Blouse; $126,000 for a Van Gogh landscape. Total for the sale...
Honest Abe. In Klamath Falls, Ore., a bidder picked up a bust of Abraham Lincoln for $1.75 at an auction of unclaimed stolen goods, discovered that it was also a savings bank containing $4.50 in coins...
Newspaper readers sometimes get the impression that lost masterpieces of art turn up continually, and that any old-looking picture in the attic or at an auction may be worth a fortune. The day-after fact: the typical news story about the Rembrandt that Aunt Sophie found in a pushcart usually comes unglued just a few days after it has been front-paged, but by then, it is no longer news. Contributing to the confusion is the fact that art experts generally refuse to challenge such stories, for fear of libel suits. Result: gullible collectors spend thousands each year purchasing...
...Government bond department was too busy to even go out for lunch." To help lure in individuals, the Treasury guaranteed that subscriptions up to $25,000 would be allotted in full if the subscriber would pay in cash. Also, as part of the same financing operation, the Treasury will auction an additional $2 billion in tax-anticipation bills due next June...
...some real progress will be forthcoming, even though no one would be so bold as to predict such an outcome. In this connection I know that neither America nor her allies will mistake good manners and candor for weakness; no principle or fundamental interest will be placed upon any auction block." Then the President, a modest man whose strength lies in the fact that he is not enigmatic but is widely and deeply understood, set forth the face of the future as the U.S. sees it. "Fellow Americans," the President said, "we venerate more widely than any other document, except...