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Peter Hoffman, owner of the house since 1979, announced the property was for sale at a meeting to make the house a landmark on September 9, 1982. [29] The announcement caught the Landmarks Commission off guard. [29] The home was "still for sale" by October 1982, and was on commercial land, meaning it was not being used for apartments. [30]
An early record was achieved in the 1880s for the sale of the Philadelphia Post Office building for $425,000, then a record for a piece of real estate at auction. [5] Through the 1990s, Freeman's was driven by high volume. The house would sell 50,000 lots a year, at an average of $110 per lot, and make $5.5 million. This changed when the house ...
Parke-Bernet Galleries was an American auction house, active from 1937 to 1964, when Sotheby's purchased it. The company was founded by a group of employees of the American Art Association, including Otto Bernet, Hiram H. Parke, Leslie A. Hyam, Lewis Marion and Mary Vandergrift.
In 1925 it bought Taggart Baking Company, the maker of Wonder Bread, and became the largest commercial bakery in the United States. [9] [10] Twinkie snack cakes were invented in 1930 in Schiller Park, Illinois, by James Alexander Dewar, a baker at Continental Baking Company. Continental was based in New York from 1923 to 1984. [11]
The Kruse family is also noted for conducting the $41 million sale of the famous William F. Harrah automotive collection. The sale of this 1,000-car collection was spread over three auction sessions in 1985, 1986 and 1987. The company was sold to ITT in 1981, but the family bought it back in 1986.
Samuel Sotheby's uncle, John Sotheby (1740–1807), was partner and nephew of Samuel Baker, who founded at York Street, Covent Garden, in 1744 the first English sale-exclusively for books, manuscripts, and prints. In 1774 Baker took George Leigh into partnership, and from 1775 to 1777 the firm was styled S. Baker & G. Leigh.