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Word: built (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

...people are spending for such things? And why? An immensely wealthy individual-a Getty, a Norton Simon, a Mellon-finds in great art what eluded Alexander of Macedon-a last world to conquer. It is a lust to which overachievers have been notoriously susceptible, from Catherine the Great, who built Leningrad's incomparable Hermitage ("I am not a nibbler but a glutton") to U.S. Industrialist Joseph Hirshhorn, the great benefactor of the Smithsonian ("I have a madman's rage for art"). To be sure, such stupendous collectors and donors still make record purchases...

Author: /time Magazine | Title: Going... Going... Gone! | 12/31/1979 | See Source »

...Sotheby's last summer. The company announced that it had entered into an agreement with Citibank, the second largest banking organization in the U.S., to assist the bank's millionaire clients in acquiring artworks for investment. Though Sotheby's insists that the arrangement contains sufficient built-in checks and balances to dispel any suspicion of conflict of interest, many people in the art world are skeptical of any deal whereby an auction house may in effect end up supporting its own market. Says David Bathurst, Christie's New York president: "Using art as an investment scares...

Author: /time Magazine | Title: Going... Going... Gone! | 12/31/1979 | See Source »

Fashion, in other words, is taken not to exist. But the unpleasant fact is that no reputation is immune to fashion. The art market is built on it. The French cattle painter Rosa Bonheur, a favorite of Victorian merchant princes, got ? 4,059 (then almost $20,000) for her Highland Raid in 1887; in 1952 it was resold for under ?200, or $560. Sir Edward Burne-Jones' Love and the Pilgrim, sold in 1898 for .?5,775 ($28,000), dropped to ?21 ($85) within less than 50 years. If artists who in their day were considered outstanding, whose work...

Author: /time Magazine | Title: Time Essay: Confusing Art with Bullion | 12/31/1979 | See Source »

Their most frequent complaints: political bias, lack of patriotism and failure to provide students with firm moral guidance. The nine-room house the Gablers built in 1965 in Longview, Texas, is crammed with shelves of textbooks and copies of line-by-line listings of their objections and those lodged by other volunteers. They have become a clearinghouse ("The nation's largest," says Mel) for critiques written by almost anyone of textbooks, dictionaries and library books. They mail copies on request and receive contributions in return that total some $60,000 per year...

Author: /time Magazine | Title: Education: Was Robin Just a Hood? | 12/31/1979 | See Source »

...Interior Department has required the companies to take costly environmental precautions in the area. Oilmen will mount their rigs on artificial islands built of gravel. Those located in water depths of more than 42 ft., the Government insists, must be left unused for two years, to see if they can withstand the ice; moving ice packs could knock over the rigs, causing oil spills. Moreover, the companies will be allowed to drill only five to seven months each year, starting in November. Reason: at other times the big bowheads, which weigh as much as 45 tons, migrate through...

Author: /time Magazine | Title: Business: Hot Prospect | 12/24/1979 | See Source »

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