Word: feigen
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Dates: during 1990-1999
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...other creations include the Bilbao Guggenheim Museum and the Feigen Gallery in New York...
...arts. Never had a collection of such quality been controlled by such a quintet of aesthetic ignoramuses. To help in its deliberations, the board appointed an advisory committee. Its honorary chairman was the publishing mogul and collector Walter Annenberg. It included several museum professionals and one art dealer, Richard Feigen...
...advisory committee's strongest critics of the sales plan was Feigen. He was summarily dismissed for his protests. Still, after further outcry from art authorities, critics and the Barnes' own students, the sales idea was dropped, only to be replaced with another that Barnes would also have loathed but that at least wasn't as radical. Encouraged by J. Carter Brown, the soon-to-retire director of the National Gallery in Washington, Glanton proposed a worldwide tour of paintings from the collection, accompanied by all the usual backup -- reproductions, books, posters, souvenirs. In July 1992 the Barnes board won court...
...prime reason for the disappointment was that the auction houses had placed vastly inflated reserves, or minimum acceptable bids, on their paintings. Says Richard Feigen, an international art dealer: "Their estimates and reserves are now insane, sometimes double what the market will bear." Prices for older masterpieces are expected to hold up well. Van Gogh's Portrait of Dr. Gachet should bring more than $40 million at auction this week. Other safe bets: 20th century classics (Picasso, Matisse) and postwar Americans (Jackson Pollock, Mark Rothko). But experts think prices will soften dramatically for paintings by some young superstars (David Salle...
...community. "I welcome it," said Manhattan dealer Andre Emmerich, "because it will deflate the hyperinflationary atmosphere." Though the announcement may help restore buyer confidence that bids are not being manipulated, few dealers expect that prices will drop. "One way or another, the prices are going to go up," says Feigen. "But I'd rather it be natural than artificial...