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...represent the original colonies and newly admitted Vermont and Kentucky. The faded flag had been among the English Calverts for generations. Last week, with a fine blend of loyalty and public relations, Edgar M. Bronfman, president of Joseph E. Seagram & Sons, bought the flag at a Sotheby's auction in London to return to the colonies as the property of an offshoot of the family tree, his Calvert Distillers...

Author: /time Magazine | Title: People: Nov. 12, 1965 | 11/12/1965 | See Source »

...result last week was one of the merriest fund-raising functions ever. At San Diego's community auditorium, the auction was set in motion at 7:30 p.m. by COMBO President Robert Peterson and did not stop until the last thump of the gavel at 3:30 a.m. Meanwhile, 750 diners ate, drank, laughed and shouted themselves hoarse...

Author: /time Magazine | Title: Cities: Blissful Are They That Give | 11/5/1965 | See Source »

...auction's end, COMBO happily counted up the proceeds. They amounted to $230,000-enough to buy the symphony a portable acoustical shell, to finance an opera production of Faust, and to start construction on a new rehearsal hall for the Old Globe Theater...

Author: /time Magazine | Title: Cities: Blissful Are They That Give | 11/5/1965 | See Source »

Normally it is the auctioneer who points in ecstasy at some modest morsel of art and racks his brain for superlatives. And it is the greybeards, full of probity, in the museum pantheon who toll the bell. But roles were reversed last week when New York's Metropolitan Museum of Art bid a paltry $225 for a sculpture at a Parke-Bernet auction, then gleefully announced that its new acquisition might be worth more than...

Author: /time Magazine | Title: The Market: The Cinderella Question | 11/5/1965 | See Source »

...which owns Parke-Bernet, far from convinced. Said he, in no mood to quarrel with a major customer: "If this proves to have come from the workshop of Verrocchio, Mr. Rorimer and his curator are to be congratulated on being the only connoisseurs to recognize the fact before the auction." As for the Metropolitan, at worst it was stuck with a sculpture that had once sold for $200,000. And besides, the girl is pretty...

Author: /time Magazine | Title: The Market: The Cinderella Question | 11/5/1965 | See Source »

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