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Auction Block

BUSINESS
May 1, 1989
Colt Firearms Up for Sale: Colt Firearms, maker of the gun that won the West, was put on the auction block, but the company's parent denied that a three-year struggle with striking workers prompted the decision. "It's a going business and it's profitable, and, of course, it has a history of quality products," said Michael G. Dunn, a spokesman for Colt Firearms' parent, Colt Industries. Dunn said senior officials at New York-based Colt Industries decided to sell the firearms division so they could concentrate on the company's aerospace, automotive and industrial service operations.
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BUSINESS
June 20, 1989 | From United Press International
Weyerhaeuser Co. announced Monday that it is selling its Arkansas-based gypsum wallboard business, even though the operation is profitable. The move is another in a series of sales by Weyerhaeuser to divest itself of what management believes are operations that "fall outside the company's desired strategic focus." Top executives of the timber giant announced at the April 20 shareholders' meeting that the company's portfolio would be reviewed and that many operations would be sold.
BUSINESS
November 28, 1993
I just read an article in the Los Angeles Times Business section ("With Liberty and Justice for Mickey," Nov. 12) about Walt Disney Co.'s plans to open a new theme park near Washington "that will pay homage to American history and culture." Disney promises to make historical events such as slavery, the Depression and the Civil War "fun and exciting for the whole family." It plans to somehow incorporate its well-known animated characters into the park. I can see it now: Minnie Mouse as a fun-loving slave on the auction block, Donald Duck quacking happily through the bread lines of the Depression, Snow White leading the Seven Dwarfs unscathed through the Battle of Gettysburg.
SPORTS
May 3, 2013 | By Dan Loumena
Your browser does not support iframes. The Houston Rockets went to Oklahoma City and staved off elimination by beating the Thunder, 107-100, in Game 5 of their Western Conference NBA playoff series on Wednesday night. It appears one fan was none too impressed. As two broadcasters are giving a postgame report, a toddler can be seen in the background wandering onto the court. Then, just as the duo are getting ready to cut away to an interview, the child can be clearly seen.
BUSINESS
September 3, 1986 | DONALD WOUTAT, Times Staff Writer
A jurisdictional fight heated up Tuesday over whether the huge Hunt bankruptcy case should be heard in New Orleans or Dallas. Bankruptcy petitions for Placid Oil and two other Hunt entities were filed Friday in New Orleans, an action that might have violated a previous order by the Dallas judge hearing the Hunts' $15-billion in lawsuits against 23 banks. U.S.
CALIFORNIA | LOCAL
November 18, 2012 | By Nita Lelyveld, Los Angeles Times
Norma Shearer's silk sheets sat for years in a Los Angeles garage, with no one to admire the embroidered monogram: NST, for Norma Shearer Thalberg. The starlet's Louis Vuitton steamer trunks waited in vain to voyage. One was dedicated solely to protecting Shearer's shoes - some of its 30 leather-trimmed drawers still bearing hand-written labels like "silvered lizard sandal evening" and "gold kid sandal evening high heels. " This was Golden Age glamour. It was an auction house's dream.
AUTOS
January 17, 2013 | By David Undercoffler
If your pockets run as deep as your love for the Corvette, you might want to find yourself in Scottsdale, Ariz. this weekend.   That's where Barrett-Jackson will auction off the first production model of the 2014 Chevrolet Corvette Stingray. This seventh-generation of the iconic American sports car made its world debut amid a media frenzy at this week's North American International Auto Show in Detroit.   The new, seventh-generation Corvette will likely start at about $50,000 when it goes on sale later in 2013.
NEWS
August 15, 1985
Thirty-five luxury high-rise condominiums were auctioned for a total of almost $7 million in the largest such sale in Southern California, held Sunday at the financially troubled Monterey Island development in Glendale. Calling it "an enigma," Kimberly Young, representative of R. Thomas Ashley, the Newport Beach marketing firm that conducted the sale, said 13 of 48 units that went on the auction block did not sell. However, three of those sold later at minimum bids, she said.
ENTERTAINMENT
July 11, 2012 | By David Ng
The owner of Edvard Munch's "The Scream" has been revealed. Leon Black, the New York financier and head of the investment firm Apollo Global Management, is reported to be the person who paid $119.9 million for the highly coveted masterpiece. The Wall Street Journal first reported Wednesday that "several people close to the collector" confirmed Black's purchase. The version of "The Scream" sold at a Sotheby's auction in New York on May 2. The $119.9-million price set a record for the most expensive artwork sold at auction. Petter Olsen, the scion of a Norwegian shipping dynasty, had put the painting on the auction block.
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