Word: koetser
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...quite a treasure for an art dealer to part with. Still, explained Zurich's David Koetser, 58, "I am getting on in age. So I thought I would like to make a gift during my lifetime." With that, he presented to London's National Gallery the Allegory of Prudence, a magnificent 30-in.-by-27-in. canvas by Titian. The gift is valued...
Until last week, the best-kept secret in the art auction world was: Who put up the record $770,000 to buy Rubens' Adoration of the Magi through London Dealer Leonard Koetser (TIME, July 6)? The Daily Express offered $1,500 for any clue, after nine months got the tip-off from one of Koetser's former employees...
...Richest Man J. Paul Getty, London Dealer Geoffrey Agnew, Manhattan Dealer Julius Weitzner, and Leonard Koetser, a calm London dealer who had not even put in a bid until the price reached ?160,000. At the ?250,000 mark, only Agnew and Koetser were still slugging. Then, with Koet-ser's 15th and final nod, two minutes after the opening bid. Auctioneer Wilson knocked down the painting for ?275,000 ($770,000)-highest price ever recorded for a single painting at public auction...
Best Year. Dealer Koetser rose to take a modest bow. "I was prepared to go much higher," he admitted. "I think the value was much more than the price." Koetser was far from through for the day. In all, he bought eight paintings, two of them-an El Greco for $201,600 and a Frans Hals for $134,400-for the same client who had commissioned him to buy the Rubens. As to who the unknown collector was, Koetser would only say that he was "definitely a British collector," male, who had no other...
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