âstop the bleeding.â
The senior managing partner from New York had come to London to meet with his counterpart about the ominous signs that Lancet âs largest deal, a once promising investment in high-priced fine art, was about to turn sour. At stake were loans of over $100 million, and also in
the jaws of jeopardy were the partnersâ share of profits and the the nearly $3 million deposited to their escrowed âset-asideâ accounts.
Harold âBudâ Samuelson was a thin-lipped, short man with alert, searching eyes, a tan from the sun room in the New York Athletic Club, and a nervous way of talking with his hands and odd shakes of his shoulders. He was forty-two, University of Missouri and Harvard Business School, and known as a shrewd negotiator.
Londonâs senior managing partner was Terrance Sloane. Terry Sloane was forty-five and had reached his position through gutsy hard work and a brilliant record in international assignments. He was not old school, only reasonably well-connected socially, but had succeeded on the strength of a sharp business mind, old-fashioned common sense, and a penchant for working twenty-hour days.
Samuelson had spent his entire flight on the Concorde preparing himself to face the man who had been advanced a kingly sum to acquire a collection of great paintings but who had failed to generate the promised profits. In the process Samuelson had put himself on a sharp edge, and now his face was fixed in taut determination. His first words gave away his pent-up frustration. âThe bastardâs going to give us a weary story and demand an extension. Hear what Iâm saying, Terry? Heâll go for the fucking initiative and do all the demanding.â
âHe might have a good argument, Bud. Remember, heâs had an incredible loss, made doubly so with the murder of his curator.â
âIâm sorry about Barnes or whatever his name was, and about the painting, too. I didnât know he owned that kind of stuff.â
âThe curatorâs name was Boggs,â Terry Sloane said, âand his âstuff,â as you call it, is first rate.â
âWe were pretty damned stupid to get sucked into a deal where we canât invade his personal holdings, especially when the bastardâs got God knows how much tied up in his own paintings. Heâs got a pair of balls the size of the Tower Bridge, for Christâs sake.â
âWe were stupid for not knowing more about the art market.â
Samuelson was not interested in talking further about his or Terry Sloaneâs stupidity. âI assume the painting was insured, and pretty well spread around.â
âLloydâs, probably.â
âYou know damned well heâs going to demand an extension.â
âWouldnât you?â Terry Sloane asked.
Samuelson flipped open a folder. âHereâs six pages of all his
goddamned assetsânot including his painting. Heâs got money. Plenty of it.â
âHeâs leveraged up to his neck.â
Beverages and ice had been set out on a table beneath the large blue painting with the purple and green streaks. Samuelson poured a tall glass of soda water and returned to the table. As it was customary for the visiting senior partner to sit at the head of the table, Terry Sloane had staked out his position to Samuelsonâs right, and in front of the chair to Samuelsonâs left were pads, pens, and a telephone.
âHeâll be exactly ten minutes late,â Terry Sloane predicted, and added wryly, âItâs part of his charm.â
At that moment the door opened and an attractive woman came into the room. âHello, Bud,â she said warmly. âYou didnât stop to say hello.â
Samuelson stood. âYou were having a torrid affair behind closed doors.â He held up his glass to her. âI didnât peek.â
Her reply was to close her eyes and shake her head
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