Word: millions
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Dates: during 1970-1979
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...five days of November, impressionist, modern and contemporary art sales at SPB netted nearly $21 million, close to the firm's entire 1967-68 turnover...
...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...
...high prices limited to paintings. Earlier this year auctioneers gaveled record prices for a French snuffbox ($150,000), a Roman glass bowl ($1.9 million), an American weather vane ($25,000), a Louis XV marquetry cabinet ($1.8 million), a Fabergé hippopotamus cigarette lighter ($55,000), a book of photographs ($100,000), a 2nd century A.D Roman head ($94,000). Per auctionem ad astra...
...London banker. In the mid-1920s, the firm of Louis Comfort Tiffany dumped carloads of the then unpopular art nouveau glassware that bears his stamp; a well-preserved rare Tiffany lamp today can be worth up to $150,000. By one estimate, the U.S. boasts 22 million collectors of one kind or another, mostly another. There are no junk stores any more, only antique shoppes...
...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...