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Bernie Hires Help To Survive Hard Time

Times Online Bernard Madoff has hired a veteran prison consultant to help him to find the best possible jail in which to serve his 150-year sentence for Wall Street’s biggest fraud. After his sentencing this week Madoff, now Prisoner No 1727-054, met Herb Hoelter, of the National Centre for Institutions and Alternatives, whose previous clients include the jailed Sotheby’s chairman Alfred...

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MUSIC INDUSTRY: Michael Jackson's Legal Problems May Outlive Him

Superstar singer Michael Jackson will be remembered for a lot of things, from hit records to a galvanizing stage presence to his enormous personal troubles. But lately the King of Pop had become the King of Litigation, having been sued by royalty, veterinary hospitals, lawyers, "she's not my lover" Billie Jean, Wall Street, the family of somebody who died, Sotheby's auction house, the director...

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Earnings roundup: Gap, Sotheby's

Clothing chain Gap Inc. reported an 8.3 percent decline in fourth-quarter profit Thursday, but the results beat Wall Street's forecasts because of the company's focus on controlling expenses, including inventory.

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Are Auction Houses Headed for the Block?

As the cash from Wall Street that washed over the art market has begun to dwindle, chatter has surfaced about whether two of the largest auction houses, Sotheby's and Christies, will find themselves on the block soon. A sighting of François Pinault at Christie's London offices one recent wintry morning set off an avalanche of [...]

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Things Are Cold, Clammy at City Auction Houses

The Times ran a story yesterday, by Arts reporter Carol Vogel, on the pre-auction night jitters over at Christie's and Sotheby's following disappointing sales in the past couple of months--and that little thing over on Wall Street. Both are have their big Modern and Postwar & Contemporary sales this month. (Sotheby's is scheduled for tonight; Christie's on November 12.) From the Times : A $60...

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Damien Hirst is making a fortune at Sotheby’s… while Wall Street is melting down.

[Cross-posted from our twin blog, Midas Oracle .COM] - $125 million —and that’s only on the first day of the auctions. Felix Salmon has an omelette on his head, now. ---------- Midas Oracle .ORG = Site Map + Archives + Best + Charts + Exchanges + Software + Links + People + Write A Post Or A Page + How [...]

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Nat City in Bear Role, Hitting KBW, Sotheby’s Bidding

AN OUTLIER ON NATIONAL CITY For the last several weeks, Wall Street has had a fascination with trying to name the next M.L.B.B. - that is, ”most likely to behave like Bear.” Stop the calls and letters, folks at home - we’ve got a winner: National City (NCC). While most of Wall Street has been thrilled [...]

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2 very different categories of art attract bullish buyers

At New York sales of Old Master drawings at Sotheby's and of Chinese porcelain at Christie's, buyers remained bullish despite uncertainties on Wall Street. The two categories of art appeal to different constituencies. Yet, both were equally successful.

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Artemis and Stag at Met Museum

The Metropolitan Museum of Art is the new (if temporary) home of “Artemis and the Stag,” below, the 2,000-year-old classical bronze sculpture that sold last year for a record $28.6 million at a Sotheby's auction in New York. The sculpture, sold by the Albright-Knox Art Gallery in Buffalo to an unidentified private collector for the highest price ever paid for a sculpture or antiquity at...

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Arts, Briefly: Artemis and Stag at Met Museum

The Metropolitan Museum of Art is the new (if temporary) home of “Artemis and the Stag,” below, the 2,000-year-old classical bronze sculpture that sold last year for a record $28.6 million at a Sotheby's auction in New York. The sculpture, sold by the Albright-Knox Art Gallery in Buffalo to an unidentified private collector for the highest price ever paid for a sculpture or antiquity at...

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jayhawk88: Reason #588 why being rich would be awesome

A wealthy Japanese art collector could not decide which firm of auctioneers should sell his cache of Impressionist paintings. Torn between Christie's and rival auction house Sotheby's, he asked them to play stone, paper, scissors to decide.

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Magna Carta sells for $24.8m - over the phone

ONE of only 17 existing copies of the Magna Carta, the 800-year-old English royal manuscript setting out the rights of man, sold at auction at Sotheby's today for $US21.3 million ($24.8m).

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Unique J.K. Rowling book raises £2million for charity in Sotheby's auction

Detail: The unique, almost one-of-a-kind, hand-written and hand-illustrated copy of 'The Tales of Beedle the Bard' by J.K. Rowling (that we mentioned back in November) sold at auction yesterday for the princely sum of two million pounds; somewhat more than the fifty thousand pounds that auctioneers Sotheby's initially said it was expected to raise. The [...]

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Not quite Christie’s, not quite Sotheby's

Not quite Christie’s, not quite Sotheby's Originally uploaded by Ron Coleman But so very close to both! A branding mashup one block east of the Hyatt on East 42nd Street.

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Art Institute of Chicago discloses Gauguin sculpture in fact a forgery

Sotheby's duped in string of forgeries For about a decade, "The Faun," a ceramic sculpture, has been at the Art Institute of Chicago, presented as a work of the 19th Century French master Paul Gauguin.