Word: fewness
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Dates: during 1980-1989
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This may be why so much of the auction action has shifted to contemporary art. It is a field that can still produce huge unsettling leaps of price that shake a market to its core, as publisher S.I. Newhouse's gesture of paying $17.7 million for Jasper Johns' False Start...
The new kind of raider-dealer is exemplified by Larry ("Go-Go") Gagosian, who a few short years ago was selling posters out of a shopfront in Los Angeles but recently, with massive financing, tried (without success, according to dealing sources) to take over the estate of the senile but...
Japanese buyers may be aesthetically unsophisticated -- they buy names, not pictures -- but this will inevitably change. (It did in America, after 1890, while Europe was laughing.) The Tokyo market still has a weakness for yucky little Renoirs and third-string Ecole de Paris painters like Moise Kisling, whom nobody wanted...
South Africa's relatively few remaining segregated beaches are among the targets of the three-month-old "defiance campaign" being waged by black activists. But when State President F.W. de Klerk last week called on municipalities throughout the country to integrate their beaches, it was less a response to those...
Above all, he wanted a Van Gogh. In 1987 he was the underbidder on Sunflowers, which fetched a record $39.9 million at Christie's in London. Then, as underbidder again, he just missed The Bridge at Trinquetaille, which sold for $20.2 million, also at Christie's, a few months later...