Word: haves
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Dates: during 1970-1979
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Collectionitis is as pervasive as inflation, as euphoric as a drug high. Its grip reaches far beyond the roseate world of Rembrandts, Sèvres porcelain and Georgian silver. A vast subculture of acquisition is feeding on scarce objects of every conceivable description. Britons are busily unearthing-and auctioneers as...
Over the past six months, such objects as ivory and jade pieces and antique silverware have all recorded huge price increases at auction. Among several categories of fine arts that experts believe to be underpriced but rapidly appreciating in value: 17th century old master drawings and prints; Victorian furniture, paintings...
What kind of people are spending for such things? And why? An immensely wealthy individual-a Getty, a Norton Simon, a Mellon-finds in great art what eluded Alexander of Macedon-a last world to conquer. It is a lust to which overachievers have been notoriously susceptible, from Catherine the...
Many other factors have combined to pump up the proceeds. First-rate works of art are in short supply, and becoming ever more scarce, as the auction catalogues-if not the sales figures-sadly reflect. The prizes go mostly these days to citizens of nations that do not extract excessive...
The price spiral is also sustained by a vastly increased public interest in art. More than 175 million Americans visited museums last year. Americans are better educated and more intrigued than ever with objects of lasting value. They share a hunger for possessions that have not been stamped out en...