Word: moring
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Dates: during 1970-1979
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The auction business is booming as more and more Americans catch art-collecting fever
No 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...
Collectionitis is as pervasive as inflation, as euphoric as a drug high. Its grip reaches far beyond the roseate world of Rembrandts, Sèvres porcelain and Georgian silver. A vast subculture of acquisition is feeding on scarce objects of every conceivable description. Britons are busily unearthing-and auctioneers as...
American folk art, however humble its origin, is soaring in value as well-crafted objects like pewter pots, duck decoys, quilts and scrimshaw (erotic examples in particular) become ever scarcer. Photographs are commanding fine arts prices; an original print of Ansel Adams' Moonrise, Hernandez, New Mexico sold last week...
The average buyer today is fairly young, probably in his 40s, and well-to-do. "Along with old money and society," says Atlanta Auctioneer David Ramos, "the young guy who scored in real estate is becoming an increasing part of our clientele. Also there are successful young lawyers who are...