Word: buyer
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Dates: during 2000-2009
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...have rocketed ever higher, galleries have been dreading this very possibility: that a famous artist would bypass his dealers - who usually get a cut of roughly half of a work's sale price - and make straight for the auction houses. (The auctioneer's fee is paid by the buyer on top of the sale price, which means Hirst will walk away with pretty much every dollar his work gets hammered down for.) If it meets expectations, the sale could put about $120 million into Hirst's already well-lined pockets, a payday unlike anything any living artist has seen...
...museum. A month later the artist gave a private tour of some of the Sotheby's work to Daria Zhukova, a young, London-based art impresario. Her boyfriend is Roman Abramovich, the Russian owner of Chelsea Football Club, who this year alone was widely presumed to be the buyer of a $33.6 million Lucian Freud that set an auction record for the work of a living artist, and an $86.3 million Francis Bacon that set a record for postwar...
...According to the Advisory Committee on Student Financial Assistance, U.S. textbook prices rose 186% between 1986 and 2004, or twice the rate of inflation. College students now spend roughly $900 on textbooks every academic year, books they are required by their professors to purchase. This disconnect between the buyer and the seller allows publishing companies to artificially inflate their prices. "Publishing companies generally don't disclose prices to faculty," says Luke Swarthout, a higher education advocate at the U.S. Public Interest Research Group. "The person buying the books isn't the person paying for them - it's what we call...
...Palin-friendly talk show hosts gush how she'll wow 'em with her toughness - and her legs. State fair t-shirt vendor Kevin Beagley says he remembers one particular customer last year who bought a few t-shirts that said "Alaska: The Coldest State with the Hottest Governor". The buyer? Palin's own father, Chuck Heath...
Under relentless pressure from shareholders like agitator Nelson Peltz to sell its beverage business--yet unable to find a buyer given the collapse of the credit markets--Cadbury spun off its soft-drinks unit as the Dr Pepper Snapple Group earlier this year, leaving it once again a stand-alone candy company. And a relatively diminished one. Cadbury was dethroned as the king of candy by the surprise buyout of Wrigley by Mars, giving Mars-Wrigley a 14.4% share of the global confectionery market, compared with Cadbury's 10.1%, according to Wachovia Capital Markets...