Word: collectors
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Dates: during 1960-1969
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...Industrialist Theodore Brislcin, for example, lost $220,000, Shoe Millionaire Harry Karl dropped $80,-000, and such cool hands as Phil Silvers, Zeppo Marx and Tony Martin lost heavily. An investigation by the FBI followed, and last week five players in the games (two real estate developers, an art collector, an investor and a professional card shark) were found guilty on 49 counts of conspiracy, face sentences of from five to 130 years. Their gimmick: to station a confederate at a ceiling peephole in the Friars' card rooms; the "peeper" would then transmit electronic signals about opponents' hands...
Healthy Circulation. Art in America was launched as the nation's first scholarly art magazine in 1913. When New York art collector Lee Ault took it over in 1957, the magazine's circulation was down to a floundering 1,300. Ault poured in capital and promotion expertise, enlarged the format to 9 by 12 made liberal use of four-color repro -ductions and attracted new advertisers and readers. Today the magazine has a circulation of 41,000, healthy for a fine-arts publication...
This is a story that every art collector, big and little, dreams of. At the flea market in Paris, a West German businessman buys a painting of two sunbathing nudes for $40. The picture is grimy, so he scrubs it with a strong solvent. Behold, a blue shimmer of paint appears below the surface, and a professional restorer uncovers a remarkable signature-"Claude Monet, 1877." Now fully restored, the canvas appears to be one of Monet's largest impressionistic versions of Paris' Gare St. Lazare. But how did Monet ever get covered over? Easy: it was the vogue...
Manhattan Publisher Eugene Schwartz, for one, is fascinated. "Painting has been getting complicated again, brushwork and expressionism are coming back," he says, citing the expressively sprayed canvases of Jules Olitski and the newly fluid pictures of Larry Poons. "New art is disturbing to everybody," warns a big pop collector, Robert Scull, who is also a major patron of the newer art. "It takes a realignment of your computer to like it." Says Jan Van der Marck, director of Chicago's Museum of Contemporary Art: "They are doing just what the pop artists did; they are pushing the limits...
...Bureau of the Census, which fans out across the land every ten years to poll every living American, may well be the biggest official collector of statistics in the world. But a family-owned firm, R. L. Polk & Co. of Detroit, probably stands as the No. 1 private data gathering outfit. It regularly touches the lives of some 100 million Americans-even if only a small fraction of them know the company by name...