Word: niarchoses
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For generations on end, the Greeks have gone into shipping as their natural calling, reassured by an ancient Hellenic proverb that the sea never freezes. Stavros Spyros Niarchos, 55, a trim, dapper Greek and a former brother-in-law of Magnate Aristotle Socrates Onassis, has carried on the tradition with...
The sea is not about to freeze, but Niarchos finds it harder to make the kind of money he would like to from shipping. Too many operators and ships are crowding the sea lanes. "They produce ships like hamburgers these days," says Niarchos. His own fleet has slipped into second...
But if Niarchos wants out, he is not selling cheap. The asking price for the fleet and all its contracts is about $260 million, or $100 per deadweight ton. Brokers complain that the price is outrageous, since brand-new ships can be built in Japan for that much or less...
Died. Georges Wildenstein, 71, dean of art dealers, a nicely balanced mixture of scholar and bookie with an encyclopedic knowledge of the masters and a computer-like memory (he once spotted an unidentified Watteau, got it for $30), who inherited the house of Wildenstein from his father Nathan in 1934...
The Treatment. The girls get special treatment in every move they make. They take the Sorbonne's famed French civilization course, but Madame Vaudable's girls do not have to claw for seats with the 2,000 ordinary students who also take the course; the girls are taught...