Word: auctions
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Dates: during 1960-1969
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Last week it was finally time to pay the piper. Up for auction at Manhattan's Parke-Bernet Galleries went 151 items of Guest's choicest Chinese and Meissen porcelain and signed French 18th century furniture. In three hours of furious bidding, collectors, in what was a resounding tribute to Guest's connoisseur taste, bid a handsome $815,275. It was enough to see the Guests safely out of the woods for the moment. But in the tradition of the rich, they could not have appeared to care less. Even before the sale began, Winston had taken...
...heir to the Pittsburgh Plate Glass fortune. Pitcairn, now 74, who explains with a twinkle that he selects paintings not for investment but because "I have a feeling for them," bought the Monet from a Manhattan gallery for $11,000. Last week The Terrace was up for auction at Christie's in London on behalf of Pitcairn's Beneficia Foundation. The winning bid of $1,410,000 by London Art Dealer Geoffrey Agnew was nearly triple the record auction price for a Monet and almost double that for any impressionist painting. The new auction high also firmed...
...never with less inhibition than when writing to a young Italian woman named Adriana Ivancich in the early 1950s. "Miss Mary always regarded how I felt about you as a cosa sagrada [sacred thing]," the novelist wrote. "It was something that struck me like lightning." Now the London auction house of Christie's has announced that it will sell 65 of Papa's letters to Adriana, a Milanese countess and the self-proclaimed heroine of Across the River and Into the Trees. Miss Mary, clinging to her notion that some things are indeed sagrada, declared that as executrix...
...second car is then auctioned off to another consorciado, with the proceeds from his highest cash bid going into the group pool. He, too, continues making the regular monthly payments, except that these are reduced slightly to make up for the additional cash that he has had to pay out in the auction...
...remaining partners always have the next lottery and auction to look forward to, with the procedure continuing month after month until every one of them gets a car. The most remarkable thing is that even the last consorciado, unlucky as he has been, will probably wind up with a car sooner than if he had merely put aside the same amount of money every month on his own. Reason: the extra cash accumulated in each auction, coming on top of the members' regular monthly payments, enables the consorcio to buy-and distribute by lottery-a third, or maybe even...