Word: auction
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...Motherwell collage. There is practically no work of art immune to it, and its effects on the perception of art have been, in general, disastrous. The problem is not simply that art costs money; it always has. Peter Wilson, the genial and astute entrepreneur whose direction of the auction house of Sotheby's has done so much to create the modern investment fetishism, likes to point out that the prices paid in their day for the works of Victorian painters like Alma-Tadema (when multiplied by 30 to bring them into line with the devalued dollar...
...perfect ease walk into the Met, the Wallace Collection or the Museum of Modern Art and spend a day communing with paintings without once reflecting on how much they might have cost or what they were now likely to fetch. But given the relentless publicity about art prices and auction triumphs-even when one knows how rigged, distorted and manipulated the actual events and statistics have been-it requires the discipline of an anchorite to do that today. Thus it is hard to leaf through the pages of magazines like Réalties or Connaissance des Arts without experiencing...
...amount of fuel available to refineries, protect smaller companies with no crude resources of their own and ensure steady production around the country. When the program took effect on Feb. 1, many small-and medium-sized refiners with inadequate crude supplies stopped trying to buy oil abroad at auction prices ranging up to $20 per bbl., secure-they thought-in the knowledge that they could buy it at home for about $7 or $8. But major oil companies, or so FEO officials believe, reduced imports because they were reluctant to sell so cheaply. Gulf Oil has brought suit against...
...Henry, and daughters Charlotte and Mary Jane. The requested notice for the Clarke heirs to step forward and claim the family portraits was duly placed in the New York Times by a Manhattan autograph dealer last week. The remaining contents of the capsule are to be sold at public auction...
...austerity, Aubrey slashed employment from 6,200 to 1,200 and recently began shifting film production from the silver screen to network television series. Aubrey also sold off MGM properties including its record division, studio real estate, theaters-even Ben-Hur's chariot at a much-publicized prop auction. In September he announced that MGM would withdraw from the film distribution business, cut its feature-film production from 18 a year to six or fewer, and concentrate on such "leisure-time" ventures as the Grand Hotel, the firm's Las Vegas gambling palace, which is still unfinished...