Word: auctions
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...city officials, facing a $220 million budget shortfall for 2005, are breaking new revenue-collecting ground. Last week the city's department of cultural affairs launched a two-week "Great Chicago Fire Sale," hoping to raise at least $250,000 for its financially strapped arts programs via an eBay auction of Windy City items, including an original Playboy-bunny costume, lunch with Oprah's decorator and a chance to dye the Chicago River green on St. Patrick...
...auction connection can be found at Oona’s, where owner Kathleen M. White has been in the business for 30 years. White works with the Maypole Association, and gets the majority of her merchandise from estate sales and auctions, where she’ll price and buy a houseful of clothing-—although according to White, “Sometimes they say, ‘Just take it.’” She then goes through the lot, selecting and dating each item—which means this is the place to look...
...Winning bid for a 10-year-old grilled cheese sandwich said to resemble the Virgin Mary, on the auction website eBay...
...Many in Moscow expect the Yugansk auction to be just the beginning of a final carve-up of the company. Yukos is trying to stop the forced sale, which violates Russian statutes stipulating that non-core assets be sold first in the event of tax claims. The firm has launched legal proceedings against the Kremlin under an international energy charter and says it will sue the winner of the Dec. 19 bidding. "This has nothing to do with taxes and everything to do with expropriation," argues Robert Amsterdam, a Toronto-based lawyer for Khodorkovsky...
...suppliers and staff as well. In early November, authorities issued an arrest warrant for the company's chief lawyer, Dmitry Gololobov. Last week, the firm's chief financial officer, Bruce Misamore, fled the country along with other top management, citing fear for their personal security. And the Yugansk auction is scheduled the day before a shareholder vote called to decide whether to file for bankruptcy protection; a principal reason Yukos hasn't already done so is that a majority of the board believes it would be impossible to find a Russian court willing to approve the petition. Indeed...