Word: fetching
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...Christie's in New York City, artworks on the block sold for a total just under $100 million, or about 40% below expectations. An estimated one-third of the pieces went unsold. Among the jilted paintings: Willem de Kooning's Woman as Landscape, which was expected to fetch as much as $12 million...
Junk bonds proved to be the ideal weapon for exploiting a weakness in corporate America that raiders were quick to detect. They saw that the stock market valued many large companies at prices well below what their assets would fetch if the companies were bought and broken up. By using junk bonds to build their war chests, takeover artists could pay a premium to shareholders and still hope to make a profit by dismantling a target company...
...Federated stores, it could not raise enough cash to pay off its total debts. Meanwhile, efforts to sell Bloomingdale's have been disappointing. Campeau hoped to get about $1.5 billion for the 17-store subsidiary when it went on the block last September, but experts say it may fetch less than $1 billion. The most prominent would-be buyer is Bloomingdale's Chairman, Marvin Traub, who has been seeking Japanese support for a bid for the firm...
FINAL JEOPARDY! Answer: This team, after losing its first league game at home, now must conquer all future guests and snag a few road wins to fetch its first Ivy League title...
...difference is most dramatic at the top. Homes in Connecticut that shot up to $2 million may now fetch only $1.3 million. It's not so bad in the real world -- three-bedroom homes in my sunny but unfashionable Miami neighborhood that rose from $65,000 to $85,000 over the past two or three years are still $85,000. But the notion that real estate prices will always go up, once common knowledge, like the notion that grapefruits can be eaten only in halves, is finally subject to doubt. After decades of steadily rising prices, we could...