Word: millions
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Dates: during 1980-1989
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Last week at Sotheby's, Manet's La Promenade was sold for $14.9 million to an unidentified Japanese buyer. If one accepts Dallhold's figures, Bond has thus cleared his debt to Sotheby...
...Bond asked Chemical if he could pay up the lease early, settle the difference between the lease payments and the original $3.96 million and take ownership of the Manet. All seemed well until an American adviser in 1987 pointed out to Chemical that by law the Manet belonged to the bank and not to Bond. Its price had gone up. So why shouldn't Chemical auction the Manet on behalf of its shareholders? On learning of this suggestion, Bond reportedly flew into an epic rage. Chemical backed down and let Bond pay off the lease and keep the picture...
Bond's Bond Corporation Holdings Ltd. is on the verge of bankruptcy; in the measured language of its auditors, Arthur Andersen & Co., there is "some doubt that ((it)) will be able to continue as a going concern." The painting is reportedly back on the market at $65 million, but there have been no takers so far -- though Bond's spokesmen imply that they have almost had to beat would-be buyers off with a stick. Leading dealers, asked this month what a feasible price for Irises might be, concurred that it might lie in the $35 million to $40 million...
...collaboration with credentials of his own. He is the golden mouthpiece of the nation's celebrities, a literary John Alden who can consistently woo -- and win -- the public in their behalf. In 1984 Iacocca, Novak's collaboration with auto executive Lee Iacocca, jolted the publishing world by selling 2.7 million copies. He followed that up with best sellers on Tip O'Neill and Sydney Biddle Barrows, the deb-styled Mayflower Madam. Paid a paltry $80,000 for the Iacocca book (which made $10 million to $15 million for its subject), Novak has since been rewarded with a much healthier...
...growth has made it harder for local stations to win viewers as well. The affiliates are especially hard hit, since they must take 21 hours a week of increasingly unwatched prime-time network programming. They are reluctant to give up that burden, since they receive at least $140 million a year each from the networks for shouldering it. Independent stations have somewhat more latitude, but both groups are hungry for programming that sets them apart from cable and from each other. Among their alternatives are better movies and syndicated reruns of popular network sitcoms like Cosby, Cheers and, beginning next...