Word: auctions
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Dates: during 1980-1989
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Students and administrators are up in arms at the University of Wisconsin after a "slave auction" fundraiser at one of the school's fraternities...
Although pledge sales, in which new fraternity members hire themselves out to do menial labor, are common, the racial character of the ZBT auction was highly unusual, students said...
...foreclosed housing. HUD owns 47,000 properties seized for mortgage defaults. Traditionally, these repossessed buildings have been sold at auction to the highest bidder. The Government ought to start seriously complying with 1987 housing legislation that calls for underused property to be turned over to the homeless, by donating or selling buildings at low prices to housing advocacy groups...
...discovery: a 1933 $10 eagle gold piece now worth $80,000 or more. The map, said the DEA last week, turned up in the home of a wind- surfing drug merchant known as "Colorado Bill" and "King Midas." Bill (the DEA is withholding his full name) can follow the auction from his cell in Lompoc, Calif., where he is doing 17 years for drug trafficking...
...boats of that quality, prices are rising at least 10% annually. At the first-ever auction of antique powerboats, which took place in May in Newport, R.I., a 33-ft. Baby Gar, once owned by Chewing Gum Heir P.K. Wrigley, fetched a bid of $95,000; the current owner, Milton Merle, was asking $140,000 and declined the offer. "It's a one-of-a-kind collectible," declared Merle, a New York marketing consultant who has amassed a fleet of seven vintage runabouts...