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The mystery surrounding the sale of the Edward G. and Gladys Lloyd Robinson art collection for $3,250,000 (TIME, March 4), was finally cleared up. Not very silent on a peak in St. Moritz, Greek Shipping Tycoon Stavros Spyros Niarchos let it be known last week that he is...

Author: /time Magazine | Title: Art: The Big Deal | 3/11/1957 | See Source »

It was a unique deal. Obligated to realize the cash value of the collection under the terms of a divorce settlement, Art Lover Robinson sold it through Knoedler's, then bought back for himself 14 paintings worth an estimated $500,000. For the works Niarchos acquired, the price was...

Author: /time Magazine | Title: Art: The Big Deal | 3/11/1957 | See Source »

With this purchase Niarchos, one of the richest men in the world, is well on his way toward becoming one of the world's great collectors. (His prize painting is El Greco's Pietà, for which he paid $400,000.) With town houses in Paris and Athens...

Author: /time Magazine | Title: Art: The Big Deal | 3/11/1957 | See Source »

Meanwhile, with the help of Salvador Dali, Niarchos is making another sort of contribution to art. The Spanish painter is painting the Greek magnate. Explained Dali: "I wanted to paint him as I first saw him when he visited me at my home on the beach near Barcelona. He swam...

Author: /time Magazine | Title: Art: The Big Deal | 3/11/1957 | See Source »

STAVROS NIARCHOS won his Monte Carlo legal battle against his brother-in-law and Fellow Shipping Tycoon Aristotle Onassis. French arbitrator upheld Niarchos' claim that he was a partner with Onassis in buying control of famed Monte Carlo gambling casino's stock in 1953. Niarchos, claiming he gave...

Author: /time Magazine | Title: Time Clock, Feb. 11, 1957 | 2/11/1957 | See Source »

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