Word: tokyo
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Dates: during 1970-1979
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...intact Jaipur vase to replace one cracked en route from the Far East," requests Chicago Orientalia Buff Pat Delaney, who covered the Midwest auction scene. Erik Amfitheatrof, who interviewed directors of Sotheby's and Christie's in London-and who began buying Japanese art while reporting from Tokyo in the 1960s-dreams of finding the Hiroshige print White Rain at Shōno under his Christmas tree. "Alas, my chances are slim," he admits. "It was auctioned at Christie's New York this year for $13,000." But no art, thank you, for Art Critic Robert Hughes...
...Sotheby's introduced such techniques as international telephone hookups, bidding by closed-circuit TV, the gala evening sale crammed with formally clad celebrities, assiduous ballyhoo and greatly increased sale schedules. More recently, Sotheby's pushed its mass-marketing strategy even further by signing an agreement with Tokyo's Seibu Department Stores Ltd., which brings the Western fine arts auction market into retail stores and enables Japanese buyers to place bids for, say, an over-the-counter Constable. When Wilson retires as Sotheby's chairman in February, he will be succeeded by his cousin, the Earl...
...their own defense, officials in Tokyo insisted that Japan, like the U.S., was a victim of Iranian blackmail. Unless the oil was bought, they claimed, Tehran threatened to suspend negotiations on Japan's 1980 allotment of Iranian oil, which this year amounted to 11 % of Japanese consumption. Moreover, the officials said, buying the oil helped make up for the cut in oil shipments by U.S. firms to Japan, from 1.4 million bbl. a day in 1978 to about 1 million bbl. because of reduced production by OPEC members and the shippers' decision to fill domestic American orders first...
...Administration is particularly peeved about the help that the Japanese have been giving Iran. In Paris, Vance provided an earful of complaints to Japanese Foreign Minister Saburo Okita, who was in the city for a meeting of the International Energy Agency. A U.S. official charged that Tokyo has allowed Japanese banks to "go overboard" in helping Iran circumvent the financial problems caused by the assets freeze. In addition, he said, some Japanese trading companies have rushed "with unseemly haste" to buy 21 million bbl. of Iranian oil that had been destined for the U.S. before Carter halted oil imports from...
Tremors of foreboding spread through money markets from Tokyo to Bahrain. The dollar plunged steeply on initial reports that Iran would withdraw its deposits from U.S. banks, then rebounded in nervous surprise at the news that Washington was freezing the assets before they could be withdrawn. When rumors circulated in Europe and New York that Iran would counteract the move by refusing to accept dollars as payment for its oil delivered to any nation, the U.S. currency began to gyrate all over again. Brokers and traders passed the week wearing looks of astonishment at what might come next...