Word: interest
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Dates: during 1970-1979
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Clearly, the main problem for the auction houses is not a lack of public interest but the shortage of salable material. To lure valuables into the marketplace, they run ads in local papers urging people to rummage through their attics. Sotheby's also runs so-called Heirloom Discovery Days, on which for a small fee expert appraisers evaluate real and imagined treasures. A woman dropped in at its Los Angeles branch with a shoe box of attica that she had planned to give to the Salvation Army; the six Faberge silver-and-enamel pieces she unwrapped sold...
...been only in the past decade or so that the big sales have been covered by the press as Events; the sums paid for art used to be buried in newspapers along with ship arrivals. Now, with the tremendous increases in fine arts prices and the expansion of public interest, big auctions have become flash bulb and video-tape fiestas. To a large extent the transformation has been wrought by Sotheby's, the world's largest, canniest and most aggressive house. In the late '50s Sotheby's introduced such techniques as international telephone hookups, bidding...
...entered into an agreement with Citibank, the second largest banking organization in the U.S., to assist the bank's millionaire clients in acquiring artworks for investment. Though Sotheby's insists that the arrangement contains sufficient built-in checks and balances to dispel any suspicion of conflict of interest, many people in the art world are skeptical of any deal whereby an auction house may in effect end up supporting its own market. Says David Bathurst, Christie's New York president: "Using art as an investment scares the hell out of me. There's going...
...Happy Investors For Atlanta's Noel and Kathy Wadsworth, investing in art is a full-time occupation. Last April, Wadsworth, 43, sold his thriving 20-year-old carpet plant in Dalton, Ga., in order to concentrate on what had been the couple's consuming interest: collecting French and American impressionists. "We've always been interested in art, and we'd always bought local artists," he explains. "Then, five or six years ago, we just had a yearning for artists who were names in books, fine art, artists who were dead...
Charles L. Allen, folksy pulpit patriarch of Houston's First United Methodist Church, thinks that seminarians' lack of interest in preaching was largely due to the emphasis on social impact encouraged by Martin Luther King Jr. The irony is that King, "one of the greatest pulpit men of all time," moved his countrymen as much with words as with deeds. "A lot of younger preachers at the time didn't see that," says Allen...