Word: moring
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Dates: during 1970-1979
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The auction as a news and social spectacular came to full flower with Sotheby's acquisition of Manhattan's Parke-Bernet in 1964. Christie's, its more decorous rival, came to New York 13 years later and has been more cautious about expanding worldwide. (Sotheby's...
A far more controversial move was made by Sotheby's last summer. The company announced that it had entered into an agreement with Citibank, the second largest banking organization in the U.S., to assist the bank's millionaire clients in acquiring artworks for investment. Though Sotheby's...
That may be an exaggeration. The wealthy and the powerful have invested in art from time immemorial, though it is true that the great collections have been amassed by acquisitors possessed of taste and love for the objects they buy. They have not generally been dis couraged by hard times...
The Addicted Amateur With gray-black locks dangling in ringlets over his black velvet jacket, Stuart Pivar, 49, resembles an apparition from one of the dark Victorian paintings of which he is an avid collector. A New Yorker who owns several plastics companies, he accumulates paintings and bronzes because "there...
But what, exactly, does it mean? On the most obvious level, it means what everyone knows: that money is losing value. But it also means that we are in the grip of a wave similar to what, in 17th century Holland, was known as the Tulip Mania. The tulip was...