Word: medicean
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Dates: during 1980-1989
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...Angeles. It is the second biggest city in the U.S., and determined to make itself felt. It teems with new money thirsting for status through art. In Los Angeles, city of therapies, one sees the great American illusion that art is socially therapeutic brought to its apex. Medicean longings inflate the breast of the lowliest junk-bond zillionaire. Whole busloads of fledgling collectors shuttle on regular tours, shepherded by docents, art-investment consultants and "educators" of every stamp, among the private collections of Beverly Hills, Bel Air and Malibu. What other commodity offers such a blend of transcendence and fiscal...