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...like a secret password: "I suppose I'll be seeing you Wednesday night." On the night in question last week, the nation's biggest auction house, Parke-Bernet Galleries, sold off a group of 24 paintings that had been collected by the late advertising executive Alfred William Erickson and his wife Anna. Among the paintings was Rembrandt's Aristotle Contemplating the Bust of Homer, which bears the unhappy nickname of "The Million-Dollar Rembrandt." Though there were other spectacular pictures in the collection, Aristotle had been the conversation piece of the art market since Parke-Bernet...

Author: /time Magazine | Title: Art: The Solid-Gold Muse | 11/24/1961 | See Source »

...auction houses, Parke-Bernet probably has the best record in keeping the bidding free, but the competition from abroad could well force it to change its ways. Recently Parke-Bernet began to permit sellers to buy back underbid works without paying a full commission. When it went after the Erickson collection, it had to compete with Sotheby's guarantee that the auction would bring a certain amount. Parke-Bernet dislikes the whole idea of guarantees; it got the job only by cutting its own commission...

Author: /time Magazine | Title: Art: The Solid-Gold Muse | 11/24/1961 | See Source »

...more beachhead secured in an all-out Madison Avenue invasion of West Germany. Advertising in Europe's most affluent nation has risen into a billion-dollar-a-year business, up more than 300% in the past decade, and U.S. agencies are leading the field. A subsidiary of McCann-Erickson, called H. K. McCann GmbH, is now the largest advertising agency in Germany, with billings of $25 million; it has made "4711" cologne Germany's biggest TV advertiser, and pushes 30 other products ranging from Opel cars to Henkel soaps. In second place, with billings approaching $20 million...

Author: /time Magazine | Title: Advertising: The Wunderkinder | 11/3/1961 | See Source »

...National Broadcasting Co. for two years, Sylvester L. ("Pat") Weaver invented the TV "spectacular," was long on good ideas (the magazine format of Today and Monitor) but too short on high-Trendex programs. Eased out in 1956, Weaver stayed on the fringes of TV, in 1959 joined the McCann-Erickson advertising agency as boss of its international division. Last week, bouncing back to television, 52-year-old Pat Weaver was named president of M-E Productions, the radio and TV subsidiary of McCann's parent, Interpublic, Inc. His new job puts Weaver, long an advocate of network control...

Author: /time Magazine | Title: Business: Personal File: Jul. 21, 1961 | 7/21/1961 | See Source »

...opera was the hit of 1960, and this year's schedule brings groups from the Soviet Union, Great Britain, Switzerland, Italy, Germany, India, Ireland, Uruguay, Chile, Egypt and South Africa. Just before returning to the U.S., the State Department-sponsored troupe that included Helen Hayes, June Havoc, Leif Erickson and Helen Menken did The Skin of Our Teeth and The Grass Menagerie there. And this week Manhattan's Living Theater group arrives at the Théâtre des Nations with Bertolt Brecht's In the Jungle of Cities and Jack Gelber's The Connection...

Author: /time Magazine | Title: Show Business: The Festival Circuit | 6/30/1961 | See Source »

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