Word: conduits
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Dates: during 1980-1989
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Because the auction houses trade in volume and compete intensively for material, they can sometimes be an unwitting conduit for fakes, particularly in ill-documented but now increasingly expensive areas of art. Few forgers would be dumb enough to try to send a fake Manet, let alone a forgery of a living artist like Jasper Johns, through Sotheby's or Christie's. But where fakes abound, some will inevitably turn up at auction; and where millions of dollars abound, fakes will breed...
These figures are upsetting. Not that I have the sort of dinosaur mentality that makes me cling hopelessly to extinct and obsolete artifacts. I was completely pleased by the demise of that quintessentially 1970s conduit of musical mush, the eight-track tape, which had the annoying habit of dividing songs as it switched tracks, and also seemed to be what you bought for such embarrassing works (mistakes?) as the soundtracks to Grease and Saturday Night Fever, or anything by Andy Gibb, Bachman Turner Overdrive or Barry Manilow (yes, I admit it, I once owned this stuff; anyone who tells...
...Wang, 66, a businessman with silver hair and impeccable manners, is the dean of Hong Kong's ivory trade. He has never been to Africa, and the only elephant he has seen was in the Paris zoo. Yet he is a major conduit for ivory entering both Hong Kong and Japan. In February he helped Tokyo's largest trader, Koichiro Kitagawa, purchase nearly five tons of Sudanese ivory for $1 million from another Hong Kong dealer. In 1987 he engineered the purchase of 26 tons of Congo ivory by the Osaka trader Kageo Takaichi. The $3.5 million shipment contained...
...pipeline containing liquefied petroleum gas exploded at 1:14 a.m. as the trains passed each other on opposite tracks between the towns of Ufa and Asha, 745 miles southeast of Moscow, Tass said. The news agency said gas seeped from the conduit and caught fire, but it was not clear what caused the leak...
...year job with Mallightco, the company founded by the Wrights and Fort Worth businessman George Mallick. Lawyers like a paper trail; they uncovered "no reports, no correspondence, no notes of telephone conversations, no investment ! analyses" by Mrs. Wright. The committee suspects Betty Wright's job of being a conduit for $145,000 in cash and gifts to the Speaker...