Word: lithographs
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Dates: during 1970-1979
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...Earlier this month in Manhattan, the highest amount ever brought by a poster at auction -$26,000-went for Toulouse-Lautrec's color lithograph of Parisian Cabaret Singer Aristide Bruant...
Even some of the "defensive research" is starting to pay off. Last week the 3M Co. introduced a lithograph printing plate that uses nonpolluting tap water instead of chemical developers to produce an image. General Motors' new zinc-nickel oxide battery pack-which can be completely recharged 300 times and will power a car for 100 miles-cost $33 million and took ten years to develop, but it has now opened up for the first time the possibility of a practical, mass-produced electric...
...first category of object whose market was utterly changed by this was the original print-etching, woodcut or lithograph, a strictly limited edition of an image made, supervised and signed by an artist. Some original prints became almost as costly as master paintings. But prints were not reproductions. Photos or postcards could not satisfy the thirst for status. They were not exclusive; they were, in fact, genuinely democratic. Anyone could pin a postcard of a Rembrandt on the wall, for pennies. Hence the invention of another class of object, a chimera begotten by greed upon insecurity: the expensive reproduction...
...example, a promoter sold a lithograph stone plate. He figured that it was worth $40,000. But to make it attractive for tax purposes, he agreed to sell it to a partnership of investors for an inflated price of $100,000. They put up only $40,000 in cash and gave over the remaining $60,000 in nonrecourse notes made out to the promoter. Very often these notes were never paid off. Still, the partners got tax writeoffs of $100,000 because the stone depreciated with every print produced...
...cattle raising, equipment leasing, and oil and gas drilling. In these deals people now may deduct as losses only the amount that they had personally put up or had at risk. The 1978 tax law extends that at-risk rule to investments in coal mining, master recordings, toy molds, lithograph stones and a host of other rapidly depreciable properties, many of which shelter promoters had dreamed up since the '76 crackdown. In addition the IRS has been taking a much harder look at so-called partnerships lately and reclassifying a growing number of them as associations if they fail...