Word: bidder
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...principal bidder for the PTL cable network looked to be evangelist Oral Roberts, whose career has had more ups and downs than the water slide at the now defunct theme park. It has been mostly downs since he launched his desperate give-millions-lest-I-die fund-raising drive in 1987. In the past year the Tulsa televangelist has laid off 10% of his staff and folded his cherished City of Faith hospital and medical school. In search of a more promising venture, Roberts decided to take a bold gamble and offer $6.5 million to obtain PTL's cable...
What happened to televangelist Pat Robertson, owner of the Christian Broadcasting Network and seemingly a natural bidder to resurrect PTL-TV? Robertson made two separate bids, one for the network, the other for the whole package, but both were rejected as inadequate by the bankruptcy trustee. Rival televangelist Jerry Falwell, who owns a small cable outfit, got burned while running PTL and stayed out of the fray...
...Bond in New York City placed his bids by telephone. Irises, according to observers, quite quickly went up to $40 million. After a slight lull, the contest resumed between two telephones, whose disembodied bids were relayed to auctioneer John Marion. Moments later, Irises was hammered down to an anonymous bidder at $49 million -- $53.9 million counting the 10% buyer's commission. The name of the underbidder on the other phone has never been divulged. A year went by before it was announced that Bond was the new owner of Irises...
...supply of rent-controlled apartments in Cambridge has remained relatively stable since then. Rent control has protected an economically diverse community from the ominous specter of gentrification. Without rent control, apartments would be rented and sold to the highest bidder, and poorer city residents would be forced to leave...
Ronald Reagan has been paid $2 million in honoraria by a Japanese business. His expense-paid trip to Japan included a couple of speeches and many more meals. Sure, Reagan possesses the dignity of his former office. But it's for sale to the highest bidder. (And Japanese business has deep pockets...