Exact(9)
However, under the auction rules the price was at least $117 million.
Under the auction house's large logo is the phrase "Property of a Private Collector Sold Without Reserve".
Although he cannot tamper with it for four years under the auction rules, thereafter Mr Botín will probably want to create a new nationwide banking brand.
Under the auction houses' proposal, any work worth less than €150,000 would not require approval for a local government authority to be sold abroad.
Under the auction's rules, every successful bidder will pay the same price for the stock.
Under the auction's rules, the bidding will stop when only five players remain.
Similar(51)
Under the auctions, utilities would be able to sell their nuclear plants or at least determine their value if there are no buyers.
These were investments the banks suggested were as liquid as cash or money-market funds, until the banks pulled the rug out from under the auction-rate market, rendering the securities about as liquid as concrete.
Although the ratio exceeded 2.0, thus indicating a successful auction, the level was below the average ratio of 2.44 for the last five re-openings and well-under the prior auction's ratio of 2.59, according to TradeTheNews.com.
With a total take of just under $270 million, the auction at Sotheby's fell far short of even its low presale estimate of $355 million.
Yet the firm ended up owned by another American, a shopping-mall developer, and run by somebody who had risen through the accounts department.Under them, the auction house is more profitable than ever, and continues to innovate in the application of marketing and retailing technique.
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