Tsar's rare vintages sell badly
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Some of the finest Russian wines ever sold fail raise less than half their estimated cost at auction house Sotheby's.
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Dubious earnings quality and nosebleed valuations make these stocks look like big potential losers.
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The Museum of Fine Arts, Boston, has turned to the courts to validate its claim to a 1913 Oskar Kokoschka painting sought by Claudia Seger-Thomschitz, an Austrian woman who says it was sold under duress during the Nazi occupation of Austria, The Boston Globe reported. Lawyers for Ms. Seger-Thomschitz contend that there is no doubt that the Kokoschka painting, âTwo Nudes (Lovers),â was sold under duress by Oskar Reichel, a physician who ran an art gallery in Vienna. The Museum of Fine Arts, citing months of research, maintained that the sale in 1939 was voluntary and to another Jew, the Viennese art dealer Otto Kallir. âThe painting was never confiscated by the Nazis, was never sold by force as a result of Nazi persecution and was not otherwise taken from Dr. Reichel,â the museumâs complaint states. Ms. Seger-Thomschitzâs lawyers said they would respond to the suit.
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Art is hot. Despite turmoil in the financial markets, there are no signs that the art market is softening. The fall auction season in New York saw robust prices across most categories, with postwar and contemporary works in particular going through the roof. It seemed like a new record was being shattered every time an art auction was held.
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Two diamonds jointly worth together worth over Â£7.8 million have disappeared from an antique dealers&#39; show in Paris. During the event at the famous Louvre museum, a glass case holding the jewels was forced open.
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FOR SALE: Hundreds of bottles of sweet and fortified wines from the personal cellar of Nicholas II, Russia's last czar.
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NEW YORK - Bidding was fierce for a few big-name works at Sotheby&#39;s fall sale of Impressionist and modern art in New York Thursday evening, but others fell short of pre-sale estimates and about a fifth of the offerings went unsold.
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Russia has sold the heart of the Yukos empire in an auction reminiscent of the country's notorious privatizations of the 1990s, analysts said Monday, as the former CEO of the oil company offered bitter season's greetings to the Kremlin from his courtroom cage.
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The acquisition of a collection of rare string instruments turned into an embarrassment for the New Jersey Symphony Orchestra.
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eBay's latest auction trend may give the company a major headache.
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A batch of Elvis Presley's earliest RCA recordings from nearly 50 years ago failed to meet the minimum asking price at auction on Monday, but lesser keepsakes from the King of Rock 'n' Roll fetched more than &#36;6,000.
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Russian inflation hits food purchases hardest.
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Prices on these highly rated stocks have plunged in the past month.
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A photograph of Soviet film pioneer Sergei Eisenstein and a poster from an early Bette Davis movie commanded huge prices at the opening day of an auction of Hollywood memorabilia.
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This year's modern and contemporary auctions obliterated sales records.
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Lower sell-throughs lead to unhappily high inventories.
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Saleroom records tumbled in a frenetic week, as the Russians led the way on the latest leg of an elite international tour.