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...Cowper Madonna is another Raphael less well known than the Alba but considered by many a critic to be a superior work of art. Lord Duveen of Millbank bought it from Lady Desborough for $800,000 for Mr. Mellon...

Author: /time Magazine | Title: Art: Mellon & Madonna | 3/4/1935 | See Source »

...Assumption Day last August important art news leaked from Moscow to Riga, from Riga to Paris, from Paris to the front pages of the U. S. Press. The news leak: Andrew William Mellon had bought Sanzio Raphael's Madonna of the House of Alba for $1,500,000 from the Union of Soviet Socialist Republics (TIME...

Author: /time Magazine | Title: Art: Mellon & Madonna | 3/4/1935 | See Source »

Twenty-four hours later, the onetime Secretary of the Treasury broke off his grouse shooting at his lodge in Perthshire, Scotland long enough to deny the Moscow-Riga-Paris-U. S. news leak in the following words: "I have not bought the Alba Madonna or any other Soviet art. This story has cropped up recurrently for the past three years. Each time I have denied...

Author: /time Magazine | Title: Art: Mellon & Madonna | 3/4/1935 | See Source »

Last week Mr. Mellon stood convicted in the public prints of some fancy fibbing about his art collection. He had bought the Alba Madonna from Soviet Russia, not for $1,500,000 as reported from Moscow but for $1,166,400, highest price ever paid for a single masterpiece. As long ago as 1931 he had started putting money into a trust fund to build a public art gallery in Washington. These facts were developed at a tax hearing in Pittsburgh last week (see p. 14). With the air of introducing a great patriot and generous patron, Frank J. Hogan...

Author: /time Magazine | Title: Art: Mellon & Madonna | 3/4/1935 | See Source »

...Alba Madonna, a round canvas of Mary, infant Jesus and St. John, was painted by Raphael about 1510 at Rome, acquired almost immediately by one of the early Dukes of Alba. His Duchess gave it to her doctor in payment of a bill. The doctor was later tried and acquitted of poisoning the lady. Tsar Nicholas I bought it in 1836 for $50,000 for his collection at the Hermitage. Badly cracked in being transferred from wood to canvas, the picture is in none too good condition, has been elaborately repainted, but because of its price and because there...

Author: /time Magazine | Title: Art: Mellon & Madonna | 3/4/1935 | See Source »

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