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...reminiscent of the bubble that inflated in the '80s, when dealmakers such as Australia's Alan Bond and yen jillionaires like Ryoei Saito chased Van Goghs to the stratosphere. (Saito paid $82.5 million for Portrait of Dr. Gachet.) Dotcom entrepreneurs with Internet funny money bought Impressionists and Pop Art. Today a new generation of hedge-fund billionaires and Chinese and Russian kleptocrats is part of an ocean of capital flowing into galleries and auction houses. "There seem to be no limits to what people will pay, and in every kind of art," says art-tax specialist Ralph Lerner, whose clients...

Author: /time Magazine | Title: Portrait of a Bull Market | 11/13/2006 | See Source »

Before you judge, remember that you too were once young and unwise. Now that that's over, let's review some of the reasons no one should be surprised that pop star BRITNEY SPEARS and dancer turned rapper KEVIN FEDERLINE sued each other for divorce and custody of their two kids. 1) Total time Brit spent in her first marriage: 55 hr. 2) Status of K-Fed when the two started hanging out: single--unless you count the pregnant girlfriend. 3) Method by which they developed a trusting and intimate relationship: doing a reality show...

Author: /time Magazine | Title: People: Nov. 20, 2006 | 11/12/2006 | See Source »

...Pop-music icon MTV and travel-guide stalwart Frommer's have joined unlikely forces to create the MTV Guide series aimed at the young at heart and budget-challenged. The books are packed with tips on where to find the cheapest digs, where to eat well for less than $10, which bars offer complimentary food and where to find offbeat adventure sports like kayaking in Italy or surfing off Ireland's unsunny coast of Clare...

Author: /time Magazine | Title: Travel: Savvy Travelers | 11/12/2006 | See Source »

Melbourne cup day 2006, and inside the National Gallery of Victoria, a different race is on. Already much of the work is out of its yellow starting boxes - one intriguingly marked mug pop - and seven years after the artist's death, the betting is that his retrospective, "Howard Arkley," will be a winner. Arkley's 25-year career connected comic strips and Conceptualism, Surrealism and suburbia, punk rock and Postmodernism - all with the zip of his airbrush, blurring the line between rarefied art and popular taste in the process. He was able to do this by painting the world most...

Author: /time Magazine | Title: The Neon Backyard | 11/12/2006 | See Source »

...specialized form of pop culture could keep the heat up for long, and in the mid-'60s the foreign-language film wave started to ebb. In 1966, Haliday and Harvey gave up control of Janus, with Haliday going to Europe to concentrate on his acting career. (IMDb notes that two of the films he appeared in, Devil Doll and The Projected Man, were cheesy enough to be riffed on Mystery Science Theater 3000.) The company was taken over by Saul Turrell and William Becker, who steered Janus into its non-theatrical middle age, and whose sons Jonathan Turrell and Peter...

Author: /time Magazine | Title: The Heyday of Foreign Films | 11/10/2006 | See Source »

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