Word: artes
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Dates: during 1980-1989
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...ART...
...VISION: PHOTOGRAPHY BETWEEN THE WORLD WARS, The Metropolitan Museum of Art, New York City. This smartly conceived show, which introduces the Metropolitan's new Ford Motor Company Collection of 20th century photographs, highlights the camera's courtship of pure form. Through...
There are, according to Sotheby's CEO Michael Ainslie, about 500 people alive today who might fork out more than $25 million for a work of art. Au Lapin Agile could go, said rumor, to $60 million. But in the end, publishing magnate Walter Annenberg bought it for $40.7 million, and two or three people clapped. It was the third most expensive work of art ever sold at auction...
Only $40.7 million. And was that less or more than the GNP of a minor African state? On the other hand, wouldn't it buy only the undercart of a B-2, and maybe the crew's potty? Or a dozen parties for Malcolm Forbes? That a night's art sale could make a total of $269.5 million and yet leave its observers feeling slightly flat is perhaps a measure of the odd cultural values of our fin de siecle. "Personally," said Ainslie a week before the sale, "I would like to see more price stability -- at present levels...
...what is done is done. The hard lesson of the past decade is that liquidity, to many people, may be all that art means. The art market has become the faithful cultural reflection of the wider economy in the '80s, inflated by leveraged buyouts, massive junk-bond issues and vast infusions of credit. What is a picture worth? One bid below what someone will pay for it. And what will that person pay for it? Basically, what he or she can borrow. And how much art can dance for how long on this particular pinhead? Nobody has the slightest idea...