Word: buying
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Dates: during 1960-1969
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...situation has produced a new kind of patron. "Most collectors today are not just satisfied with buying art, they want to buy a piece of the artist as well," grumbles one dissenter. "They want to belong to the art world, go see dirty movies at night at Andy Warhol's apartment." And Warhol in turn becomes a feature of gossip columns and a fixture at society's tables. Any day now he may be wrapped in plaster by the plaster master, George Segal, and propped against the bar in somebody's penthouse...
...silver, lead, zinc, hides and rubber, hopes that quotations stretching up to 18 months in the future will help to level off mercury's price swings. Though gamblers may now play the mercury market, the chief advantage of futures trading falls to big mercury users. They can buy ahead if prices seem to be headed up, need pay only $500 per contract until actual delivery. If they hold large inventories, they can sell to hedge against the possibility of losing money on falling prices...
Frozen-concentrate processors, who buy 60% of the crop and thereby set the market, have slashed their prices by as much as 30%. In turn, supermarket chains in New York, Chicago and other areas last week cut frozen-juice prices from 180 or 20? to 15? per 6-oz. can. The end is nowhere in sight. "There's no way to stop the assembly line," wails Robert Rutledge, executive vice president of the Florida Citrus Mutual. "Only one power can pull the switch, and He hasn't sent us either frost or hurricane this year." Next...
Lured by such overtures, old Indonesia hands are filtering back. U.S. Rubber has replaced its former Indonesian output through other plantations in Liberia and Malaysia, but it will likely buy Indonesian rubber. Goodyear is negotiating to return. Its first task if it does: to restore efficiency at the Bogor plant, where tire output is off two-thirds since U.S. managers were kicked out. Union Carbide hopes to reclaim its battery plant, may also start tungsten mining. Caltex, which recently signed a five-year $50 million contract to supply the Indonesian government with lubricating oils and grease, has set aside...
Speculation & Opportunity. The simplest way to avoid being sold a fake, says Grotz, is to stick with a reputable dealer or else buy merchandise that has not yet become remote enough in time or expensive enough for the fakers to bother with it. He believes that regardless of its age or esthetic quality, an antique is essentially "something out of the past that reminds us of a way of life that was different from our own." Samples of Late Victoriana offer sound opportunities for long-term appreciation. Speculative buyers might also pick up pieces from the 1920s, like clear plastic...