Word: auctioneers
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Dates: during 1950-1959
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...Gainsborough's Blue Boy and Reynolds' Mrs. Siddons as the Tragic Muse for $774,000 to pay off back taxes. Last week his heirs, faced with some $30 million in death duties (of which more than $21 million has already been paid to date), put up for auction 18 of the duke's paintings, plus the Westminster Tiara, so encrusted with diamonds that his peers considered it downright vulgar...
With more and more people clamoring for an ever-dwindling number of blue-chip pictures, the art market still soared. Sotheby's, the London auction house, last week registered a new high for a Picasso by knocking down his pretty nude, entitled La Belle Hollandaise, to the Queensland Art Gallery of Brisbane, Australia for $154,000. Back in 1905, Picasso painted the picture on a trip to Holland, apparently gave it to a traveling companion in payment for his half of a hotel bill...
...Anderson took an unorthodox step: instead of setting a rate on a single issue of short-term securities, the Treasury this week will auction off $3.5 billion in such notes to see what the buyers will pay. Then it will set the rate on a $1.8 billion short-term issue. Anderson tried no long-term bond, simply because the Treasury can not get an interest rate high enough (i.e., above 4¼% ) to sell it. Publicly, the Treasury is keeping a stiff lip. Privately, it trembles...
...February. Herter was prowling around a cattle auction in Walterboro, S.C. when he got word that Dulles wanted to talk to him on the telephone. He took the call on an old-fashioned wall phone, got the word from Dulles that he was heading off for Walter Reed Hospital for his hernia operation. "Don't rush back," said Dulles. "If you do, they'll think I'm worse than I am-and if I am that bad, you'll need the rest to handle the work...
Died. Hiram Haney Parke, 85, art appraiser and auctioneer who in 1937 co-founded Manhattan's Parke-Bernet Galleries, which became the U.S.'s largest auction house, handling paintings, books, furniture, tapestries, stamps, etc.; in Mt. Airy, Pa. Parke brought down his hammer on some of the most grandiose sales in art history. Maintaining an air of disinterested opulence, he could up bids hundreds of dollars with a shrewdly timed word, thousands with a sentence. In 1928 he sold Gainsborough's The Harvest Wagon to Lord Duveen for $360,000, also peddled such miscellaneous treasures...