Word: primes
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Dates: during 1980-1989
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...force prices up out of all proportion to those of their new work. Robert Ryman, one of whose chaste minimalist paintings made $1.8 million at auction recently (gallery prices: from $50,000 to $300,000), now thinks it "unfortunate" that he ever let Saatchi have twelve of his prime works...
...investors. What the Japanese are doing has very little relation to collecting as it was once understood. They are, quite simply, investment-buying on a huge scale, with limitless quantities of cheap credit: one zaibatsu offers open- ended loans of any size at 7% (3.5 points below the U.S. prime rate) to Japanese who want to buy Western...
...late 1987 the name of Alan Bond was riding very high in America, and in Australia he was a hero. "Bondy," as his country called him, was the prime mover in the syndicate that funded the design, construction and testing of Australia II, the 12-meter sloop with the controversial winged keel that swept to victory over the U.S. defender off Newport in 1983, leaving, for the first time in yachting history, an empty plinth in the New York Yacht Club where the America's Cup used to stand...
Cable's growth has made it harder for local stations to win viewers as well. The affiliates are especially hard hit, since they must take 21 hours a week of increasingly unwatched prime-time network programming. They are reluctant to give up that burden, since they receive at least $140 million a year each from the networks for shouldering it. Independent stations have somewhat more latitude, but both groups are hungry for programming that sets them apart from cable and from each other. Among their alternatives are better movies and syndicated reruns of popular network sitcoms like Cosby, Cheers...
...flower-power florists must lament a national holiday in which they are doomed to play such a minor role. For if one cares to send the very best, one flies home for Thanksgiving. Even the TV networks have never figured out a way to transform Thanksgiving into a prime-time pageant, which is why the Macy's Parade still takes place in God's own morning light...