Word: auctions
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...fall without first borrowing shares. But that did nothing to quell widespread speculation about which struggling financial institution would be the next to disappear. British bank Lloyds was in talks to buy beleaguered U.K. mortgage lender HBOS. Washington Mutual, the U.S.'s largest thrift, put itself up for auction, and Wells Fargo and Citigroup might be interested, according to reports. Morgan Stanley appeared to be on the table too. There were murmurs the investment bank was holding conversations with Charlotte-based bank Wachovia. Chinese conglomerate Citic Group, owner of China Citic Bank, was also said to be sniffing around...
DAMIEN HIRST smashes art-auction records. Bidders unsure which wall would look best with a formaldehyde-preserved shark...
...Learn to respect the dollar." Even amid the turmoil, some even mustered a bit of a gallows humor: "Hakuna Matata (It Means No Worries)." Raymond - who began work on the painting about 10 days ago - said he expected to collect some 300 signatures, and hoped to auction the final work on his website for more than...
...risen to the top of the contemporary art world - in April, he broke a record for a mainland Chinese painting when one of his works fetched $8.2 on auction. His subject matter deals invariably with the consequences of modernity, depicting the forgotten faces of peasants in the Tibetan desert, or families displaced by the rising waters of the massive Three Gorges damn project. He's also done portraits of prostitutes in Thailand, and high school students in Boston. Says Morgan Morris, the Rome-based curator of this latest project: "Every time there's something coming to a head, he captures...
Individual sellers that use eBay or AbeBooks are breaking the law, says Ginsburg, but whether the sites are also liable for the auctions is unclear. Ebay recently won a court case absolving it of responsibility for policing its auctions for counterfeit items - although it will remove an auction if contacted by the company that owns the rights to an item - but international textbooks are not technically counterfeit. Like eBay, AbeBooks acts as a third party for sellers - generally stores in foreign countries. One copy of Organic Chemistry found on its site was being sold by the William Bookstore...