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Dates: during 1980-1989
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Usage:

...minimum, on each lot, as is more usual. This enabled Sotheby's to meet the bottom line by selling 15 out of 44 impressionist and modern paintings far under its low estimate, rather than not sell them at all -- and gamble on making up the slack over the next three days...

Author: /time Magazine | Title: Sold! The Art Market: Goes Crazy | 11/27/1989 | See Source »

Taubman then recentered Sotheby's in New York and, over the next few years, changed its business to such an extent that its lending and other investment services generated $240 million in 1988 -- nearly a tenth of Sotheby's gross income of $2.3 billion. What Taubman saw (and staider Christie's was not slow to pick up) was that an auction house could go directly to the public, not only at low price levels but also at very high ones. In the past, auction houses sold mainly to dealers, who put on their markup and then sold to their clients...

Author: /time Magazine | Title: Sold! The Art Market: Goes Crazy | 11/27/1989 | See Source »

...called for chucking the Separate Amenities Act, a pillar of apartheid since 1953 that has given local authorities the power to keep blacks out of selected parks, libraries, swimming pools and other public facilities. He is given a strong chance of winning repeal of the law when Parliament reconvenes next Feb. 2. De Klerk's moves were in keeping with his gradualist approach to reducing racial discrimination. He made no mention of changing laws that maintain segregation in most schools and housing...

Author: /time Magazine | Title: South Africa Equality at Water's Edge | 11/27/1989 | See Source »

...like Bill Walsh how they tried to avoid a letdown after their teams won championships. How long can he keep it up? His answer is pure Holtz, all deceptive diffidence and then steely follow-through. "I don't think we can win every game," he says carefully. "Just the next...

Author: /time Magazine | Title: The Fella Expects To Win: Notre Dame coach LOU HOLTZ | 11/27/1989 | See Source »

...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 year, Golden Girls. But those do not come cheap. Cosby reruns can cost a station as much as $350,000 an episode...

Author: /time Magazine | Title: TV News: The Sky's the Limit | 11/27/1989 | See Source »

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