Word: auctions
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Dates: during 2000-2009
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...renowned modernist painter, Tyeb Mehta, 84, made history at a 2005 auction when his Mahisasura, which depicts a goddess defeating a demon, sold for nearly $1.6 million, the highest sum ever paid for the work of a living Indian artist...
...cultural imports. Apple computer products, though banned for export to Iran under U.S. sanctions, can be found in the backrooms of some computer boutiques here. A merchant at the city's historic Grand Bazaar travels to New York several times a year to sell antique Persian rugs, often to auction houses like Sotheby's. He says he wishes relations would improve so that he does not have to illegally route money through Europe to maintain his business...
...online auction site eBay, a popular venue for people to sell off coveted tickets like these to the highest bidder, announced that it would remove any postings concerning Michael Jackson memorial tickets in an effort to combat scalpers. On the site on Monday night, the only items available under "Michael Jackson Memorial" were T shirts. Still, organizers admitted they couldn't completely stop the blatant profiteering. "For those who take advantage of this," promoter AEG's CEO Tim Leiweke said last week, "shame on you." (See pictures of Jackson's Neverland Ranch...
...plan to step down as the governor of Alaska is her much touted autobiography, for which it will provide a hotly anticipated chapter. In May, HarperCollins announced that it had signed Palin to write a tell-all memoir. Unusual for a high-powered celebrity autobiography, there was no auction or bidding for the book; Palin negotiated only with HarperCollins, owned by Rupert Murdoch's News Corp., the same media company that owns the Fox News channel, which had strongly backed Palin's run for Vice President last year. While no figure was announced, the book deal was presumed...
...Even before the auction, analysts warned that Iraq's plans for attracting the investment necessary to crank up its output were overly optimistic. Iraq plans to retain ownership of its oil, but make long-term agreements with foreign companies to run the operations. But Oil Minister Hussein Shahristani demanded that oil companies lower their profit expectations, offering to pay them $2 for every barrel pumped in Iraq rather than the $4-a-barrel rate sought by oil executives. Chevron, which had negotiated for a year to develop Iraq's second-biggest field, West Qurna, pulled out of the deal...