Word: offing
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Dates: during 1970-1979
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Some of the canniest collectors of all are thieves, whose acquisitions from museums, galleries, churches and private homes are seldom recovered, despite intensive international police work. Interpol has an FBI-style Most Wanted list of stolen art works, some dating from 1938. Last week a priceless Tintoretto painting missing for...
The price spiral is also sustained by a vastly increased public interest in art. More than 175 million Americans visited museums last year. Americans are better educated and more intrigued than ever with objects of lasting value. They share a hunger for possessions that have not been stamped out en...
Thus collecting valuable objects is no longer the preserve of the rich. At Sotheby's Los Angeles branch, which recorded a 1978-79 turnover of $13.7 million, 50% of all items on sale go for less than $300. Says Sotheby's Los Angeles president, Peter McCoy: "It makes...
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There is an instant chic, a feeling of sophistication, in visiting auction rooms; decorated with pricey art and antique furniture, they resemble a cockney's dream of ducal halls. Sotheby's main salesroom in London, hung with chandeliers and often lined with valuable paintings, resembles a grand ballroom...