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There are limits, of course, to any market; they just don't announce themselves until the damage starts. Art bubbles can presage stock market busts, as happened in 1987 and 2000. Several weeks ago, entertainment mogul David Geffen sold two postwar paintings by Jasper Johns and Willem de Kooning for a combined $143.5 million. Geffen also sold a Jackson Pollock last week for $140 million, making it the single biggest art sale ever. It topped the previous record breaker--cosmetics magnate Ronald Lauder's purchase of Klimt's Portrait of Adele Bloch-Bauer I in June for $135 million. Although...

Author: /time Magazine | Title: Portrait of a Bull Market | 11/13/2006 | See Source »

...about $22,000 per person in 2004 and spent about $17,000 per person. That means Americans save very little of what they earn and end up paying for much of what they buy on credit. "Credit cards have allowed a whole different way of buying," says Cynthia Jasper, a professor of consumer science at the University of Wisconsin-Madison. "People are saving a lot less and spending a lot more because it's so convenient...

Author: /time Magazine | Title: What America Buys and Why | 10/23/2006 | See Source »

...Whitney show proceeds as far as Jasper Johns, but younger living artists don't turn up. Why would they? Picasso's innovations, which were largely in the realm of space and form, hardly apply to things like installation work, conceptual art or videos, the practices that so many artists are caught up in now. But it's also because Picasso's great discoveries have become the universally understood possibilities of the canvas. Artists long ago stopped thinking of themselves as operating in space that Picasso made possible. So did the rest of us. It's just space, like something...

Author: /time Magazine | Title: Picasso's Progeny | 10/9/2006 | See Source »

...Gibson's drunken anti-semitic rant, Ganji seemed to hit a raw nerve when he appeared to equate Jewish (and Christian) fundamentalists with Islamic extremists. "The U.S. has to stop its one-sided support of Israel," said Ganji, speaking in a large screening room adorned with an original Jasper Johns and other post-modernist art. That comment and others raised the hackles of many in attendance, including multibillionaire media mogul Haim Saban, who asked, "When was the last time you saw a Christian or a Jew put a belt around their stomach, go on a bus, and kill innocent women...

Author: /time Magazine | Title: The Dissident Goes to Hollywood | 8/10/2006 | See Source »

...past: Cuba, China, Saudi Arabia, Zimbabwe, Sudan, and Libya. To think that the new Council will bring any real improvement in the protection of human rights around the globe is naïve, and faulting the U.S. for its recognition of that is unfortunate. DREW M. THORNLEY Jasper, Ala. April...

Author: By Drew M. Thornley, | Title: UN Human Rights Council Reform Will Be Ineffective | 4/14/2006 | See Source »

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