Word: auctions
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Dates: during 1960-1969
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Then last week another Rembrandt came up for auction, a painting of the artist's son Titus done between 1645 and 1648. Much smaller than the Met's Aristotle, it is a painting rich in charm, warm with sentiment. It shows an angelic child dressed in a grey-brown tunic and wearing a yellow cap topped with red and yellow plumes. Theatrical? Yes. But Rembrandt had reason for wanting to please the lad. His mother, Saskia, had died, and the servant girl Hendrickje Stoffels had only recently entered the house to care for him. To Rembrandt...
...restorer named George Barker saw and picked it up for one shilling, which also included the price of bed and breakfast. Barker presented it to his patron, Lord Spencer. In 1915 it passed into the hands of Sir Herbert Cook for $168,000. Last week it was up for auction in London's Christie's auction house, identified simply as Item...
...handsome profit, and small radio stations across the U.S. are doing so well (average yearly profit: 20%) that they have become a favorite investors' haven. Other investors have discovered both the profit and joys of horse breeding, attracted by last year's 23% increase in the auction price of racing colts. Cattle managing has also become popular; it boasts such notable investors as Jack Benny, Greer Garson and Advertising Executive Marion Harper, all of whom seek the average 30% -40% annual return after taxes. The net runs high because earnings from sales of herds are taxed as capital...
Building His Dream House. The price De Kooning commands is not negligible. Last month one of his works reached an alltime high auction price of $40,000. With his peers in the abstract expressionist movement either dead, like Jackson Pollock and Franz Kline, or caught in a price slump, De Kooning finds his reputation still ascending. Last year he became the second painter (after Andrew Wyeth) to receive the President's Medal of Freedom, and presently finds dealers on both coasts bidding and jockeying for the honor of giving him a one-man show...
...Americans were also a matter of astronomy, although Mark Tobey's star seemed dwindling. Three Tobeys went for a total of $34,000, or $8,500 below top estimates. But Willem de Kooning's flowing landscape, Merritt Parkway (TIME, May 18, 1959), garnered his top auction price, an even $40,000. And for the first time a Robert Rauschenberg was put up for bids. A 1959 "combine" (it includes a tie and a zipper) called Summer Storm popped right through the ceiling, to $13,000, or nearly twice the estimated price...