Word: manhattans
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Dates: during 1970-1979
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...Picasso drawing, Téte Classique, fetched $210,000 in Manhattan-another record...
...sale in years has come closer to craziness than Sotheby Parke Bernet's Auction 4290 in Manhattan on Oct. 25. It took only three minutes and 45 seconds to gavel down Frederic Edwin Church's The Icebergs for $2.5 million. That was the third highest bid ever made for a painting at auction* and more than twice as much as any other American work of art has ever fetched (see ESSAY). In all, the 264 works by 146 American painters of the 19th and 20th centuries posted a record for a sale...
...from post-Reginal depression. Long dismissed as sentimental kitsch, mighty canvases of noble beasts, Highland crags and soul-pierced virgins were selling for at most $1,000 in 1967; they go these days for up to $100,000. A sale of 19th century paintings at Christie's in Manhattan returned $1.9 million. "It was a lot of rubbish," snorted one Christie...
...firms also assiduously cultivate known collectors in the hope that, alive or dead, they will some day assign their possessions to the market: auction executives are among the world's most diligent readers of obituary pages. William Doyle, the ebullient Boston-Irish owner of a seven-year-old Manhattan house, who expects to gross $15 million this fiscal year, flies in his own plane to reconnoiter rumored treasures. On a trip to Warrensburg, N.Y., he found a trunkful of letters autographed by five of the signers of the Declaration of Independence...
...then- catalogues to salute late-coming friends do so at their peril." In practice, a buyer who wishes to remain anonymous prearranges his signals with the auctioneer. Thus a bid may be wigwagged by a nod, a wink, a patted handkerchief, a crooked finger, an arched eyebrow. Says one Manhattan auctioneer of a prominent patron: "When he turns his back on me with a cigar in his mouth and walks away, that means he's bidding...