Word: picassos
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...last Wednesday night, Picasso's 1905 Au Lapin Agile was widely expected to become the most expensive painting ever sold at auction. It had been put on the block at Sotheby's in New York City by heiress Linda de Roulet, whose brother John Whitney Payson had sold Van Gogh's Irises for $53.9 million two years before. It was a far better picture than the Picasso self- portrait, Yo Picasso, that had made a freakish $47.85 million last...
...exhibition. Without a doubt, the past 15 years in America have been the golden age of the museum retrospective, bringing a series of great and (for this generation of museums and their public) definitive exhibitions, done at the highest pitch of scholarship and curatorial skill: late and early Cezanne, Picasso, Manet, Van Gogh, Monet, Degas, Watteau, Velazquez, Poussin, up to MOMA's current show of Picasso's and Braque's Cubist years and, perhaps, Seurat to come...
...even a curious yearning for transcendence, fuel it as well. But does art-investment success have an upper limit? Is there a limit to demand? Economists Bruno Frey and Angel , Serna, in an excellent inquiry in the October issue of Art & Antiques, examine the case of Yo Picasso. Humana Inc. president Wendell Cherry, who bought it in 1981 for $5.83 million and sold it in 1989 for $47.85 million, got a "real net rate of return" (after commissions, insurance costs, inflation and so forth) of 19.6% a year. Handsome, but what about the new owner? If he sells it five...
...plaza, the great outdoor living room for personal pursuits and free performances. The plaza encompasses North Cove Yacht Harbor, which can berth 26 megayachts. "This harbor is ecologically pure," says developer George Nicholson of Watermark Associates. "Until now, berthing a yacht in New York was like parking your Picasso in the cellar...
...French painters from the 19th century into the 20th (not to mention English and American ones as well, in particular Sargent and Whistler) were transfixed by Velazquez when they found him on their pilgrimages to the Prado. Francis Bacon contorted Innocent X into his own series of screaming Popes. Picasso did a knotty and unsuccessful series of "variations" on his work, attempting to reconstruct it in terms of something other than empirical vision. Velazquez's influence appears in unexpected places: if, for instance, one wants to know where Philip Guston felt some of the authority for his last paintings...