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May 14, 2004 | Suzanne Muchnic
Contemporary art dealers and collectors snapped up every last item in a $65.5-million auction Wednesday night at Sotheby's New York. The sale didn't have as much high-end material as Christie's $102.1-million auction the previous night, but it exceeded Sotheby's most optimistic expectations and set records for 17 artists. "Not everything is a masterpiece," auctioneer Tobias Meyer said after the sale.
April 1, 2008 | From the Associated Press
A rare painting by Pablo Picasso is to be sold April 10 after it was discovered in a bedroom alongside two other important works. Duke's auction house in London said Monday that the watercolor "Etreinte," depicting the artist in an embrace with lover Louise Lenoir, was found propped up against a wall with two equine paintings by British artists George Stubbs and Alfred Munnings. The identity of the seller was not disclosed. The Picasso was thought to have been painted in 1901 or 1902, when the Spanish master was a struggling artist in his early 20s.
January 8, 2005 | From Reuters
Morningstar Inc., the mutual fund and stock information service, said Friday that it would use an auction format for its proposed initial public offering of stock, a method that Web search engine Google Inc. used for its IPO. The Chicago-based company also said it would not use its original underwriters, led by Morgan Stanley, which rejected the auction approach for the $100-million IPO.
November 8, 2006 | From the Associated Press
A judge in New York City ruled Tuesday that a Picasso painting can be sold at auction, despite a claim that its former owner was forced by the Nazis to sell it in the 1930s because his family descended from Jews. U.S. District Judge Jed S. Rakoff issued the order four days after Julius H. Schoeps, an heir to Berlin banker Paul von Mendelssohn-Bartholdy, filed a lawsuit in Manhattan to stop the sale. The judge had temporarily blocked the auction of "Portrait de Angel Fernandez de Soto."
December 2, 2007 | From Times Wire Reports
One of the biggest truffles found in half a century -- a 3.3-pound specimen unearthed in Italy late last month -- sold for $330,000 at an auction held simultaneously in Macao, London and Florence. The giant fungus, described as "looking like a man's brain," was presented on a silver platter by an Italian chef flanked by Chinese models at a Macao hotel.
March 10, 2008 | From Times Wire Reports
Fur coats, designer gowns, plus dozens and dozens of pairs of Ferragamo shoes belonging to the late socialite and hotel owner Leona Helmsley are headed to the auction block. Nearly her entire wardrobe is to be auctioned off May 18 at Leslie Hindman Auctioneers, a Chicago-based auction house. The collection includes the Chanel skirt suit that Helmsley wore when she began serving a sentence for tax evasion. Helmsley, who died in August at age 87, ordered that her property be sold and the proceeds donated to the Leona M. and Harry B. Helmsley Charitable Trust.
April 21, 2004 | From Associated Press
A sophisticated couple -- he in evening clothes, she in a slim red gown -- dance on a wet and wind-swept beach as a maid and a butler hold out black umbrellas in a futile effort to protect the clinging dancers from the weather. Although no face is fully visible, we know the black-clad manservant must be singing because this painting -- just sold for a Scottish auction record of $1.3 million -- is called "The Singing Butler."
November 8, 2007 | From the Associated Press
A Henri Matisse painting was auctioned at Christie's for $33.6 million, a record for the artist. The 1937 oil-on-canvas work "L'Odalisque, Harmonie Bleue," which features one of the artist's favorite models lounging behind a table with a bouquet, was purchased Tuesday night by an unidentified buyer, the auction house announced. The previous auction record for a Matisse painting was $22 million for "Danseuse dans le fauteuil, sol en damier," a 1942 work, at Sotheby's in June.
February 4, 2003 | Suzanne Muchnic
In a final move to divest himself of his troubled art auction business, French billionaire Bernard Arnault has sold his remaining 27.5% interest in Phillips, de Pury & Luxembourg to the auction house's chief executive officers, Simon de Pury and Daniella Luxembourg.
November 3, 1999 | (Bloomberg News)
A California man who collected $36,000 from bidders over EBay Inc.'s Internet auction site then failed to deliver promised goods was sentenced to 14 months in prison, federal authorities said. Robert J. Guest, who pleaded guilty to fraud in July, was also ordered to pay more than $101,000 in restitution, $36,193 of which will go to 31 EBay users, said Thom Mrozek, a spokesman for the U.S. attorney's office in Los Angeles. Monday's sentencing of Guest, 31, of Blue Jay, Calif.
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