Word: offing
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Dates: during 1970-1979
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Over the past six months, such objects as ivory and jade pieces and antique silverware have all recorded huge price increases at auction. Among several categories of fine arts that experts believe to be underpriced but rapidly appreciating in value: 17th century old master drawings and prints; Victorian furniture, paintings...
What kind of people are spending for such things? And why? An immensely wealthy individual-a Getty, a Norton Simon, a Mellon-finds in great art what eluded Alexander of Macedon-a last world to conquer. It is a lust to which overachievers have been notoriously susceptible, from Catherine the...
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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...
Many other factors have combined to pump up the proceeds. First-rate works of art are in short supply, and becoming ever more scarce, as the auction catalogues-if not the sales figures-sadly reflect. The prizes go mostly these days to citizens of nations that do not extract excessive...