Word: feigen
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Dates: during 1990-1999
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...half of whatever they bid and let the painting itself serve as collateral. With terms like those, skeptics mused, is it any wonder that art prices (and Sotheby's commissions) soared? "The auction houses turned the art market into a financial market," charges Manhattan art dealer Richard Feigen. "A responsible market doesn't allow you to wear two hats...