Word: blocking
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Dates: during 1980-1989
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...American action enabled Aquino's government to consolidate its forces and block rebels from moving against the palace and other points in the capital...
...last Wednesday night, Picasso's 1905 Au Lapin Agile was widely expected to become the most expensive painting ever sold at auction. It had been put on the block at Sotheby's in New York City by heiress Linda de Roulet, whose brother John Whitney Payson had sold Van Gogh's Irises for $53.9 million two years before. It was a far better picture than the Picasso self- portrait, Yo Picasso, that had made a freakish $47.85 million last...
Sean Scully's prices through his regular dealer David McKee have jumped from $90,000 to $140,000 in the past six months, but Scullys are trading on the secondary market as high as $350,000, and Saatchi recently unloaded a block of nine of them on the Swedish dealer Bo Alveryd, who last month spent $70 million at three London galleries (Marlborough, Waddington and Bernard Jacobson) before moving on to the New York fall auctions. There he underbid the $20.68 million De Kooning and bought, among other things, a Johns for $12.1 million. "I thought Saatchi had good intentions...
...should one suppose that these are dreaming connoisseurs who have just relinquished the ink block and the brush to dabble in the art of the namban, or round-eyed barbarian. Shigeki Kameyama, representing the Mountain Tortoise Gallery in Tokyo, last week bought, among other things, Picasso's The Mirror at $26.4 million. The week before, he had also purchased De Kooning's Interchange at $20.68 million and a Brice Marden drawing at $500,000 at Sotheby's. Kameyama is known to other dealers as "Oddjob," after Goldfinger's hat-flinging chauffeur...
...auction house had no choice. It had punctually paid John Payson the full sale amount, $49 million, and now the exposure of the buyer's inability to pay for the painting would have been horrendous. Although the firm could have repossessed Irises and put it on the block again, such a move would almost certainly have been a disaster. It might have brought $30 million, maybe $35 million, according to informed sources -- a fire sale. And the results for the art market if the World's Most Expensive Picture lost a third of its value in a year...