Word: bernet
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...better than other Boston silversmiths of his day. A three-piece Revere tea set was sold for $70,000 last year, up from about the $30,000 it was traded for only five years earlier. Says Kevin Tierney, 26, the sharp-eyed Irish appraiser that Manhattan's Parke-Bernet Galleries imported a year ago to smarten up its silver department: "You've no idea what that ride has done for Revere's trade...
...people in New York decide to bid against each other for something," he says in wonder, "they don't care what they pay. That doesn't happen in London. Competitive bidding only goes as far as each thinks the value to be." Under his knowledgeable supervision, Parke-Bernet's volume in silver sales has leap-frogged from $388,320 in 1967 to $1,197,785 last year...
Reasonable Penguins. Undoubtedly the happiest buyer at last week's Parke-Bernet sale was a Manhattan dealer named Eric Shrubsole, who started his bidding day by purchasing a silver Victorian penguin for $325 ("a nice stocking present"), a delectable little James II chocolate pot with a sinuous profile probably based on an Oriental vase ($7,500), a George II silver caster ($1,100) and a James II silver lighthouse caster...
...came to be called, passed from Philip II of Spain to his English wife Mary Tudor ("Bloody Mary"), then on to the Bonapartes of France, and to England's Marquess of Abercorn. Last week La Peregrina turned up on the block at Manhattan's Parke-Bernet Galleries, and it was swiftly sold for $37,000. The buyer? Parke-Bernet was not saying, but reporters had an inkling. Less than a year ago, Richard Burton had bought the Krupp diamond for $305,000 at a similar sale. After a little prodding, Burton's lawyers explained that...
...Parke-Bernet's auction, other paintings of value brought high prices: a Pissarro went for a record $260,000, a 1906 Picasso for $430,000, believed to be a record for the Rose Period. A fauve-period Dufy, Les Trois Ombrellas, was bought by Houston's John Beck for $140,000, double the auction high set for a Dufy only three years ago. But dreary works by Vlaminck, Van Dongen and lesser artists were also bid skyhigh. Still, some paintings failed to meet their reserve price (at which the owner prefers to keep possession rather than sell). Claude...