Word: gets
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Dates: during 1980-1989
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...rich to give art away. Tax exemption through donations was the basis on which American museums grew, and now it is all but gone, with predictably catastrophic results for the future. Nor can living artists afford to give their work to U.S. museums, since all the tax relief they get from such generosity is the cost of their materials. Thus, in a historic fit of legislative folly, the Government began to starve its museums just at the moment when the art market began to paralyze them. It bales out incompetent savings-and-loan businesses but leaves in the lurch...
...nature of auctions themselves and the ethics of the trade -- is giving guarantees to the seller of a work of art and loans to the buyer. If X has a work of art that auctioneer Y wants to sell, Y can issue a "guarantee" that X will get, say, $5 million from the sale. If the work does not make $5 million, X still gets his check, but the work remains with the auction house for later sale. Guarantees are a strong inducement to sellers...
...detractors say, perhaps unfairly, that if you put Gagosian and the rest of his ilk in a bag and shook it for a week you wouldn't get an ounce of connoisseurship. But that is not what counts. What does count is the instinct for when to grab the chicken, the hot artist, and get a lock on his or her work...
...Monte Carlo, a duplex on Fifth Avenue and a fleet of Rolls-Royces -- all sitting over my fireplace.' Then the temptation to respond to a dealer who offers $50 million for it is insurmountable. That's the real danger: the pressure on our trustees and close friends. We will get squeezed out of the package...
...political revolution has discovered the fax revolution. Overseas sympathizers of China's student movement last spring quickly learned that the official news blackout could be effectively penetrated through the use of facsimile machines. They used faxes to get foreign press reports into China...