Word: rembrandt
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...TIME treats foreseeable news is well illustrated by this week's cover story. Along with everybody else, we knew of the coming "million-dollar Rembrandt sale" months ago, and prepared for it by photographing the painting well in advance for the cover. Art Editor Bruce Barton and Researcher Deborah Hanson dug deep into the sale of previous great paintings at great prices, and the result is an art bonus-four pages of color reproductions of these masters. Then, building around last week's auction, Barton (with the help of correspondents in London, Paris and Rome) delved into...
...seeing you Wednesday night." On the night in question last week, the nation's biggest auction house, Parke-Bernet Galleries, sold off a group of 24 paintings that had been collected by the late advertising executive Alfred William Erickson and his wife Anna. Among the paintings was Rembrandt's Aristotle Contemplating the Bust of Homer, which bears the unhappy nickname of "The Million-Dollar Rembrandt." Though there were other spectacular pictures in the collection, Aristotle had been the conversation piece of the art market since Parke-Bernet got the job of auctioning...
Rumor, that most efficient of press-agents, had been feverishly busy. It was even said that the Soviet Union was out to get the Rembrandt in order to deliver a crushing blow to Western prestige. Parke-Bernet (pronounced Eer-net) issued about 850 tickets for seats and standing room in the main gallery, but almost twice as many people showed up on the big night, and tickets were selling for $50 on the black market. A queue began forming on the sidewalk more than an hour before the auction was to begin; not only Parke-Bernet's main gallery...
...disappointing $27,000, which was $53,000 below the Parke-Bernet estimate. On the other hand, a splendid Princess Sibylle of Cleves, by Lucas Cranach the Elder, was bought by Thomas Agnew & Sons of London for $105,000, about twice the estimate. After the Cranach came the Rembrandt...
...Rembrandt, Schmitt...