Word: artes
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Dates: during 1980-1989
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Besides confirming Van Gogh's status, last week's sale reassured collectors that the loss of wealth generated by October's stock crash would not immediately depress the art market. Says Jay Goldinger, editor of the Early Warning Wire financial newsletter: "There are a lot of people out there who are disgusted with the stock market, and some will look more to art...
During the 1980s Spring Street, like so many other neglected, down-and-dirty streets around the country, is shuddering back to life, becoming a gleaming circa-1920s boulevard. Many of its handsomely scaled old masonry buildings were renovated: derelict art moderne office buildings became cool art moderne apartment buildings, and the art deco stock exchange was reborn as an art deco disco. There were more than two dozen major restorations in all -- including what had been the CRA's office building. The CRA, as it happened, had helped foster this revival. So in 1980 back came the urban-planning bureaucrats...
...into offices. The former Tivoli Union brewery in Denver, a pseudo- Bavarian fantasy, is a giddy complex of shops, offices, restaurants and movie theaters. The vast old Bullock's department store in downtown Los Angeles has been turned into the country's largest wholesale jewelry mart, and Houston's art deco Alabama Theater has merely exchanged one muse for another. The place is now a bookstore. Pioneer Square in Seattle, with its raffish characters, is proving that preservation and up-market transformation do not necessarily mean the death of funk...
Take Donald Trump. Trump, who in 1980 pulled down and smashed a set of art deco bas reliefs from an old Fifth Avenue building ("They were stones with some engravings on them"), says today that "a lot of times preservation is used as an excuse to stop progress" and "as a method of stopping anybody from progressing a city." Trump's current idea of "progressing a city" is to put up a set of nine gigantic high-rise towers, among them the tallest building in the world, on Manhattan's old Upper West Side...
...hysterically antimarijuana film Reefer Madness was a camp classic to be mocked by stoned viewers at the midnight show in the local art house. The Zeitgeist of that generation is now wildly reversed. Public figures who used pot at that time express regret for the transgression. Political survival demands that they not offend the new cultural norm. Marijuana use now carries a moral taint...