Failed Marx letter sale disappoints Chinese capitalists
Shanghai (AFP) July 22, 2014 - A letter by the late Karl Marx, the German philosopher who offered an alternative to capitalism, has failed to sell in Communist-ruled China because the auctioneer set too high a price. The Shanghai-based Hosane auction house set a starting price of 8.0 million yuan ($1.3 million) but failed to find a single bidder on Monday, the Global Times newspaper reported. The 1869 letter, owned by ... more
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