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...dealers were getting cut out of the game by collectors buying directly at auction. And by 1988, when the auction room had been promoted into a Reagan-decade cathouse of febrile extravagance, where people in black tie and jewels applauded winning bids as though they were arias sung by heroic tenors, private dealers (at least those dealing in the work of dead artists) had less margin of resale to work with. Their market share today is still enormous, but the auction houses are after it, and it is shrinking...

Author: /time Magazine | Title: Sold! The Art Market: Goes Crazy | 11/27/1989 | See Source »

...every dream deferred dries up like a raisin in the sun. In politics it can sometimes ripen and harden into a tough kernel of ambition, as the unimaginable slowly becomes transformed into the attainable. Such a gradual course requires patience, guile and discipline, rather than flamboyant words and heroic poses. But the subtlety of these stratagems should never mask the majesty of the dream or the boldness of the dreamer...

Author: /time Magazine | Title: Breakthrough In Virginia Dougas Wilder | 11/20/1989 | See Source »

...same stressful time, Detroit's automakers will be going through a major changing of the guard: all three companies are expected to get new chief executives in the space of two years. Late last week Ford Chairman Donald Petersen, 63, who helped engineer that company's heroic comeback, said he will turn over the posts of chairman and CEO on March 1 to Harold Poling, 64, a vice chairman...

Author: /time Magazine | Title: Running Low On Gas | 11/20/1989 | See Source »

...pieces, nominally fiction, that cohere chiefly by virtue of being bound together in one book. The affair kicks off with a termite's view of the adventures of Noah and his ark. (Noah, it turns out, was not a particularly nice fellow, and his epic voyage was less than heroic in its details.) Matters then proceed through a number of other diverting incidents, among them the hijacking of a Mediterranean cruise liner by Arab terrorists, Jonah's sojourn in the belly of the whale, the historic wreck of a French ship and the religious experiences of an American astronaut...

Author: /time Magazine | Title: Bookends: Oct. 30, 1989 | 10/30/1989 | See Source »

...gunpoint. But Gage did not pull the trigger. "There are times when I wake up at night and want to get back on a plane and kill the son of a bitch," Gage said. A Place for Us overlaps that past and goes on to embrace less heroic lifetimes, mainly the author's and that of his father. Yet each life is gallant for its own reasons. Christos Gatzoyiannis passed through Ellis Island first in 1910, and again in 1938. He headed for Worcester, Mass., where he built a steady vegetable-delivery business while his wife remained in the northwestern...

Author: /time Magazine | Title: Books: Some Kind Of Hero | 10/16/1989 | See Source »

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