Word: bernet
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...huge painting of scarlet lips suspended over a landscape, the work of American-born Dadaist and Photographer Man Ray, sold Nov. 5 at Sotheby Parke Bernet in Manhattan for $750,000. It was by far the highest price ever paid at auction for a surrealist work...
...sale in years has come closer to craziness than Sotheby Parke Bernet's Auction 4290 in Manhattan on Oct. 25. It took only three minutes and 45 seconds to gavel down Frederic Edwin Church's The Icebergs for $2.5 million. That was the third highest bid ever made for a painting at auction* and more than twice as much as any other American work of art has ever fetched (see ESSAY). In all, the 264 works by 146 American painters of the 19th and 20th centuries posted a record for a sale...
Sotheby Parke Bernet's 4290 was a landmark sale: the prices realized at the auction will serve as reference points for years to come. Thus in the hierarchy of cash a relatively obscure artist by world standards ranks, for now at least, above any Dutch old master, any English painter, any French impressionist, any American abstract expressionist, any sculptor...
...both bounced. Then he wrote three promissory notes to cover his debts and, according to Benedek, defaulted on all but a fraction of them. Most of the furniture collection, Benedek discovered later from a newspaper article in the Maine Antique Digest, corresponded to one auctioned off by Sotheby Parke Bernet in New York; Straw had never owned it. None of the old masters is listed in the gallery's inventory...
...cause of the rise is growing anxiety among rich people to find ways to shield their wealth from inflation. Says Stanley F. Clark, a director of Sotheby Parke Bernet: "There is no doubt that fine furniture is being bought as an investment...