L may add that the sale represents a loss if she so chooses, but this information is not required.

The sale simply represents a natural extension of what everyone should be doing.

For this group, this week's sale represents a chance to cash out.

The sale represented a 15 percent stake and was $1 billion larger than originally expected.

The public sale represented 28 percent of the shares.

The sale would represent 29 percent of Sotheby's outstanding share capital.

For Pulitzer, the sale represents a return to the newspaper roots of a company founded in 1878.

By value, the sale represents only 25 percent of the Hesketh collection.

The company said the sale represented 1.9 percent of its share capital.

The sale represented a bold step for the New York auction house.