REAL ESTATE: Texans in Hong Kong

In Hong Kong's New Government Building, the bidding session was tense and sweaty. For 2½ hours, interests from Hong Kong, England, Japan and from the U.S. (Pan American World Airways) maneuvered against each other in an effort to grasp the prize: 40,000 sq. ft. of the most valuable land in Hong Kong, smack in the middle of the city's bustling financial district. Suspense mounted until the noth bid was made. Then, while little groups huddled together to see if they should raise their bids, the gavel banged down decisively. The winners, with a top bid of $2,480,000: two Texas millionaires,...

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