Word: greate
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Dates: during 1980-1989
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...Chicago's James Wood the damage comes down to a confusion between aesthetic and material value. "When a work of art passes through our doors, it should leave the world of economics," says Wood. "Walking through a great museum is not going to give you a profile that reflects the auction market. You have to educate people to grasp that the money paid for a work of art is utterly secondary to its lasting value, its ability to make them respond...
...inflated market is also eroding the other main function of museums: the loan exhibition. Without a doubt, the past 15 years in America have been the golden age of the museum retrospective, bringing a series of great and (for this generation of museums and their public) definitive exhibitions, done at the highest pitch of scholarship and curatorial skill: late and early Cezanne, Picasso, Manet, Van Gogh, Monet, Degas, Watteau, Velazquez, Poussin, up to MOMA's current show of Picasso's and Braque's Cubist years and, perhaps, Seurat to come...
...that he is pruning his collection, the bewilderment is great. What artists fear is not so much that their prices will falter -- though that happened to Italy's Sandro Chia when Saatchi dumped him -- as that new traders can move in and, by buying blocks from Saatchi, bypass the artists' dealers and force prices up out of all proportion to those of their new work. Robert Ryman, one of whose chaste minimalist paintings made $1.8 million at auction recently (gallery prices: from $50,000 to $300,000), now thinks it "unfortunate" that he ever let Saatchi have twelve...
...sale of Irises, but the painting was greeted as a talisman. Bond beefed up the security arrangements on the top floor of his headquarters in Perth to fortress strength and unveiled his acquisition -- the only Van Gogh in Australia -- to the press. "This isn't just a great painting!" he exulted to the cameras. "It's the greatest painting in the world...
...opinions were expressed through his stories." He arrived at the White House carrying a bag of Mrs. Fields chocolate chip cookies, Nancy Reagan's favorite. When he met her at the Reagan ranch, where she is known to favor jeans, he showed up in jeans. "Bill's like a great character actor," says Peter Osnos, his editor at Random House. "His self-effacing quality allows his subjects their own expression. An extraordinary quality of intimacy with the person is conveyed...