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...enjoyed. There's just enough room for a leather easy chair and ottoman, where Dorfman himself presides, and a big love seat, where two men can sit without accidentally touching. The focal point of the Man Cave, of course, is the high-definition TV, a once state-of-the-art-and now relatively puny-36-in. (91 cm) liquid-crystal-display (lcd) screen. "Want to watch the Michigan game?" I asked him on a recent Saturday morning. "The Man Cave?" he offered, as usual...

Author: /time Magazine | Title: Is Laser-Powered HDTV the Highest Def Yet? | 10/8/2008 | See Source »

...discussion of her new book last night at the Harvard Book Store. Garber—a world-renowned expert on Shakespeare, chair of the Department of Visual and Environmental Studies and director of the Carpenter Center for the Visual Arts—discussed the paradox of patronizing the arts, namely how benefactors can potentially stifle the creative freedom of artists. To a small audience, Garber said, “The arts are doubly patronized: we are supporting artists, but we are not granting them serious partnership.” She explained that art of all forms—visual, performance...

Author: By Liyun Jin, CONTRIBUTING WRITER | Title: Professor Urges End To Supression of Arts | 10/8/2008 | See Source »

Responding to turmoil in the global financial sector, Asian art collectors also proceeded with caution this week, sending the hot market for contemporary Chinese art towards an apparent cool down. At a Sotheby's sale of 20th century Chinese artwork on Oct. 5, two-thirds of the 110 lots failed to sell, and many of the pieces that did find buyers went for below their estimated prices. By the close of the biannual sales of the world's largest publicly traded art auction house, Sotheby's took in about half what it had expected, at just over $140.7 million...

Author: /time Magazine | Title: Will Crashing Markets Bring Chinese Art Back Down to Earth? | 10/8/2008 | See Source »

...Indonesia. But Zhao Wuji's "7 Aout 2000" sold for $543,156 - over $44,000 short of Sotheby's low-end estimate of $587,500 - and several pieces, including paintings by star contemporary Chinese artists Zhang Xiaogang and Yue Minjun, went unsold at the modern and contemporary Asian art sale on Oct. 4. Many say the unimpressive results were a combination of already overinflated price estimates and the dismal economy. "Particularly with the fund managers, if they are concerned with things happening in the world, they may be inclined to hold on to their funds," says Mark Joyce, owner...

Author: /time Magazine | Title: Will Crashing Markets Bring Chinese Art Back Down to Earth? | 10/8/2008 | See Source »

...That's not good news for Sotheby's. Following the poor sales, the auction house's shares fell 14% on Oct. 6, hitting a three-year low. (Sotheby's was not available for comment.) Nor does it bode well for the regional art market: the Hong Kong auction was its first gauge after the worldwide financial crisis hit last month. "Due to uncertainty in the markets, investors are making selective choices as to where to spend their money," says Shirley Ben Bashat, director of the Opera Gallery Hong Kong...

Author: /time Magazine | Title: Will Crashing Markets Bring Chinese Art Back Down to Earth? | 10/8/2008 | See Source »

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