Word: bernet
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...Park Avenue triplex. The fabulously ill-kempt collection, amassed over 60 years and often valued at $1,000,000 survived until last week, when all but a dozen of the finest pieces willed to her sisters and niece were sold at auction in Manhattan's Parke-Bernet Galleries for a total...
Auctions are replacing theater openings as the first-nighters' delight. And to capitalize on the trend, Manhattan's Parke-Bernet Galleries last week staged a doubleheader, splitting sales of 130 modern art works with a $50-a-plate black-tie dinner. On hand were such luminaries as A. & P. Heir Huntington Hartford, Playwright Edward Albee, Architects Philip Johnson and Mies van der Rohe, Baron Heinrich von Thyssen, the Duchess of Leeds and all three Kennedy sisters. Nearly 3,000 potential buyers crammed four floors of the auction house with the spillover relegated to the limbo of nearby Finch...
...sale was 43 modern works from the collection of Belgian Industrialist Philippe Dotrement. Adding a fillip to the occasion was the first appearance as auctioneer of Peter Wilson, the 6-ft. 4-in. chairman of Sotheby's of London, who last year bought out Manhattan's Parke-Bernet. Wilson suavely built up the prices with Etonian aplomb. "You have to act like a croupier in a casino," he had explained beforehand. "Not a flash. Not a flicker...
...Even a newcomer like Robert Rauschenberg garnered a record $15,000 for his 1956 Gloria. In all, the collection brought $510,000, making the total for the evening $2,855,000. "This is a record for a sale of modern art in the Western hemisphere," proudly announced Parke-Bernet. "It was a Roman orgy," groaned one exhausted bidder...
With a total of $483,000 paid for 40 works in a scant hour, Peregrine Pollen, representative of Parke-Bernet's new owner, Sotheby's of London, saw nothing but blue sky ahead for U.S. modern art. "Breaking records doesn't mean too awfully much, does it?" said Pollen. "Look at the mile. It's broken every...