Word: jaspers
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Dates: during 1980-1989
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...volume and compete intensively for material, they can sometimes be an unwitting conduit for fakes, particularly in ill-documented but now increasingly expensive areas of art. Few forgers would be dumb enough to try to send a fake Manet, let alone a forgery of a living artist like Jasper Johns, through Sotheby's or Christie's. But where fakes abound, some will inevitably turn up at auction; and where millions of dollars abound, fakes will breed...
This may be why so much of the auction action has shifted to contemporary art. It is a field that can still produce huge unsettling leaps of price that shake a market to its core, as publisher S.I. Newhouse's gesture of paying $17.7 million for Jasper Johns' False Start in New York a year ago proved. (It made sense, of a kind, for Newhouse to buy the Johns: he owns quite a few others, whose book value has accordingly multiplied...
...large works to reflect glory on the state, or set firm policy for other institutions. Its $169 million budget is tiny -- less than one-third the projected price of one Stealth bomber, or, to put it another way, only ten times the recent cost of a single painting by Jasper Johns. The French government spends three times the NEA's budget each year on music, theater and dance alone ($560 million in 1989). German government spending on culture runs at around $4.5 billion, repeat, billion a year...
Geffen, whose romantic partners have included Marlo Thomas and Cher, now leads a privileged single life. (His estimated net worth, according to Forbes magazine: $240 million.) In his gallery-like apartment on Manhattan's Fifth Avenue, the walls are covered with the works of David Hockney, Jasper Johns and other modern masters. From his Malibu beach house, he skims the Pacific in a 20-ft. speedboat. Like most self-made men, however, Geffen is consumed by his work. "My greatest fear is getting bored," he explains. "I'm always taking notes on the imaginary yellow scratch pad in my mind...
...JASPER JOHNS: WORK SINCE 1974, Philadelphia Museum of Art. The show that won the grand prize at last summer's Venice Biennale and cemented Johns' status as America's deepest living painter. Through...