Word: sales
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Dates: during 2000-2009
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...burly Andreas sports cheap slacks, an off-the-rack polyester shirt and the mercantile mannerisms of a hard-bitten trader. Yet the former Indonesian shipping agent happens to be the founder and CEO of Borobudur Auction; in October his four-year-old company fetched $6.89 million at a Singapore sale of contemporary and modern Southeast Asian art. The figure was just $200,000 less than the highest figure taken at similar sales by venerable auctioneers Sotheby's. "I do break even and have a profit," says Andreas with a lopsided grin. "Otherwise why should...
...alone. Auction houses are emerging across the region, capitalizing on the growth of an Asian art industry that is becoming too big for the traditional duopoly of Sotheby's and Christie's to control. The new firms are moving into vacated markets (when Sotheby's shifted its Singapore sale to Hong Kong in the hopes of finding wealthier buyers, Borobudur gladly picked up the slack), or they are targeting new ones. China Guardian, for one, focuses on the Chinese domestic market. Osian's does the same in India. For now, most of the new players are sticking...
...take advantage of the elderly tax credit. Obama has proposed eliminating income taxes for senior citizens at our income level, but why should we not be expected to pay our fair share of federal taxes? I surely hope that he does not believe our votes are for sale. Patricia Gershon, LAVERNE, CALIF...
...politically risky too. In 2006, Temasek Holdings, an investment arm of the Singapore government, bought Shin Corp., Thailand's major telecommunications company, for $3.8 billion from the family of Thaksin Shinawatra, who at the time was Thailand's Prime Minister. Public outrage in Thailand over the sale of what was considered an important national asset to a Southeast Asia rival contributed to Thaksin's ouster as Prime Minister in a military coup in September...
...call it Indonesian pop," says 26-year-old vocalist Aprilia Apsari. That's not because it bears any resemblance to the Top 40 fodder on sale in the country's malls and markets, but because it is steeped in the spirit of vintage Indonesian acts like Ismail Marzuki, Jack Lesmana, Noor Bersaudara and Guruh Gipsy. White Shoes is "unafraid to embrace the kitsch aspect of the past and have fun with it in their music and image," explains Ardiasyah. "Hipster kids can relate to their image, which is pop but not cheesy mainstream...