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A few Hobby Lobby employees entered the chat to clear up a few misconceptions. "The reason for the price difference is due to inflation unlike other places that do it automatically," one sales ...
Hobby Lobby Stores, Inc., formerly Hobby Lobby Creative Centers, is an American retail company. It owns a chain of arts and crafts stores with a volume of over $5 billion in 2018. [ 1 ] The chain has 1,001 stores in 48 U.S. states.
As a result of the case, Hobby Lobby agreed to return the artifacts and forfeit $3 million. U.S. Immigration and Customs Enforcement returned 3,800 items seized from Hobby Lobby to Iraq in May 2018. [2] In March 2020, Hobby Lobby president Steve Green agreed to return 11,500 items to Egypt and Iraq. [3] [4]
Art sales slow in downturns resulting in the market becoming more illiquid. There is a greater degree of liquidity risk facing the art investor than with other financial assets because there is a limited pool of potential buyers, and with artworks not reaching their reserve prices and not being sold, this has an effect on the auction prices. [11]
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The highest known price paid for an artwork by a living artist was for Jasper Johns's 1958 painting Flag. Its 2010 private sale price was estimated to be about US$110 million ($154 million in 2023 dollars). All-time This is a list of highest prices ever paid—at auction or private sale—for an artwork by an artist living at time of sale. Adjusted price (in millions of USD) Original price (in ...
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