Word: auctioneer
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...another $214,000 was due on Feb. 17. Morris Brown's response to this latest deadline seemed almost like an after-school movie. Despite holding rallies, fundraisers and an auction of prints donated by local artists, by the morning of Feb. 17, the school had managed to raise only $60,000. That afternoon, Stanley Pritchett, Morris Brown's interim president, summoned the students to a mandatory meeting in an auditorium. Many feared the worst. (See pictures of the college dorm's evolution...
Pulling in record prices for seven artists, the much-anticipated auction of Yves Saint Laurent's art collection got off to a flying start on Day One's sale of Impressionist and modern art. The $266 million tallied on Monday - a record auction for a private collection - is good news for the AIDS researchers who will get part of the proceeds; for Pierre Bergé, the designer's former companion and lifelong business partner who put their joint collection on the block; and for Christie's and the entire art market, which hopes the stunning performance will be the shot...
...blue and pink carpet), which went for twice Christie's estimate. Similarly, a Constantin Brancusi sculpture valued at up to €20 million ($25,877,114) sold for €29,185,000 ($36,792,835). In all, more than 700 items are up for sale at the three-day auction, which Christie's believes could bring in as much as €300 million ($384 million). (See pictures from the auction...
...about the market, the dealer, based in Monte Carlo, Monaco, was staggered by Monday's sale, which also netted records for Piet Mondrian (two of the Dutchman's paintings sold for eight-digit figures), Giorgio de Chirico, Marcel Duchamp, Paul Klee and James Ensor. "It was the most amazing auction I've ever seen," Nahmad said on the main floor just after the last lot sold. "There are still a lot of rich people in the world, and I think they are anticipating a future inflation. Governments are going to be printing more and more money." (See pictures of money...
...auction market, of course, has its own unique calculation, driven as it's said by the incalculable "price of two people's desires." Surprisingly, the only disappointment on Monday was that a late Cubist work by Picasso - Musical Instruments on a Table, which had the highest presale estimate, of some $30 million - went unsold. The Saint Laurent-Bergé auction continues on Tuesday and Wednesday with the sale of rare furniture and antiquities, including two Chinese animal heads that Beijing says were pilfered and must be returned to China. Earlier on Monday, a Paris court rejected China...