Fund Manager Is to Refinance Stalled Auction-Rate Notes
Nuveen Investments said that it had a commitment for up to $1.75 billion in liquidity support to help refinance the troubled auction-rate preferred shares its funds once issued. nytimes.com |
Towns Put Their Surplus on the Block
Seized cars, foreclosed homes and lost luggage raise millions for municipalities. nytimes.com |
In Faltering Economy, Auction Houses Crash Back to Earth
Recent art auctions seemed to signal a new era in sales, one that featured the return of the seasoned collector and more-sober business practices. nytimes.com |
Risk-Defying Sale of Contemporary Art at Christie's
Christie's Post-War and Contemporary Art Sale, seen by market pundits as the most risk-fraught of all fields, brought $31.77 million. nytimes.com |
Prices Far Surpass Estimates at Sotheby’s Auction
Of the 66 works offered in an Impressionist and modern art sale at Sotheby’s on Wednesday, only 10 failed to sell. The auction house sold $181.7 million worth of art. nytimes.com |