Word: ofs
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Dates: during 1970-1979
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To some critics, the auction houses' success is excessive. While no one blames them for dizzy prices-they are not their bidders' keepers-even dealers who are making wild profits as a result of the art boom evince a certain distaste for the whole process. London's...
A far more controversial move was made by Sotheby's last summer. The company announced that it had entered into an agreement with Citibank, the second largest banking organization in the U.S., to assist the bank's millionaire clients in acquiring artworks for investment. Though Sotheby's...
That may be an exaggeration. The wealthy and the powerful have invested in art from time immemorial, though it is true that the great collections have been amassed by acquisitors possessed of taste and love for the objects they buy. They have not generally been dis couraged by hard times...
*The two highest: Velazquez's Portrait of Juan de Pareja, $5.5 million, in 1970; Titian's Death of Actaeon, $4 million, in 1971.
The Addicted Amateur With gray-black locks dangling in ringlets over his black velvet jacket, Stuart Pivar, 49, resembles an apparition from one of the dark Victorian paintings of which he is an avid collector. A New Yorker who owns several plastics companies, he accumulates paintings and bronzes because "there...