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"We are likely to be up against the big bidders, but this is worth fighting for.
In the auction six months ago, the licenses NextWave had won attracted many big bidders.
In recent years, Canadian teams have become big bidders for on-ice talent.
Did Sotheby's expect its young guests to be big bidders at the Wednesday night and Thursday morning sales?
And while competition is heating up — three Manhattan office buildings have sold for more than $1 billion so far this year — many of the big bidders and lenders from Europe have pulled back as their home economies struggle.
Rihanna was reportedly one of the big bidders at the event, purchasing a pair of $35,000 Harry Winston diamond earrings and splashing a further $100,000 on a signed photograph of Elizabeth Taylor at the Eden Roc by Willy Rizzo.
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That shuts down a big bidder.
Coca-Cola was the other big bidder for Quaker Oats.
[C3.] A Big Bidder in Steel Gets a Warm Welcome at Home The $22.7 billion bid by Lakshmi N. Mittal's steel company for a rival, Arcelor, has stirred up vigorous resistance in Europe.
"If you're interested in buying 1, 2 or 10 notes, you can absolutely do it," said Paul Lyons, senior vice president with the LFC Group of Companies, a real estate auction firm behind the Big Bidder site.
Because of the turmoil in financial markets, even the biggest bidders may have difficulties raising the necessary cash, meaning that the auction may not generate much more than $10 billion, the sum of all the reserve prices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com