Word: resoldered
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...RELIEF when Gill returns to the perfunctories of who he married and where they lived and how much they made when they resold the place; and then back to the interesting idiosyncrasies of New Yorker writers and artists. Gill is comfortable with a voice that he has smoothed and polished for 40 years, and there are things that can't be said without a rough edge that he has lost. (It is a tribute to Gill's mastery of New Yorker style that the seams don't show when part of an obituary published in the magazine is sewn into...
...shelves next to neo-Woolworth butter dishes. Emily Cadra, manager of Everybody's, recalls the time a customer paid $4 for a small glass nut dish, then announced triumphantly that it was made by Steuben. Another customer returned to gloat that her 50? string of pearls had been resold for $50. Veterans of thrift shops generally agree that there is only one major hazard of secondhand shopping. As Jean Halla of Evanston, Ill., puts it: "Don't put your coat down and walk away. Somebody is likely...
...boards of four Marlborough shells). The Galleria paid $140,000 for them, of which the estate received $84,000. But Mrs. Paul Mellon wanted those very Rothkos so ardently, Lloyd testified, that Marlborough bought them back from Galleria Bernini for a whopping $420,000 and then resold them to her for that amount. "Since the price was so high," Lloyd said with benign altruism, "I didn't want to profit from it." Yet if the sale to Mrs. Mellon had been direct, the estate would have received...
COLLECTIONS. Cashing in on an art or coin collection requires specialized knowledge and a hefty checkbook. But the rewards can be enormous. One Manhattan art fancier (or is it financier?) bought a painting by Pop Artist Robert Rauschenberg for only $900 in 1958 and resold it recently for $85,000-a return on the original investment of more than 9,300%. One expert estimates that a good coin collection has appreciated in value by 75% annually for the last few years. Last summer Cleveland Coin Dealer Alan Yale, an ex-stockbroker, bought Mexican gold 50-peso pieces for $173 each...
...naturally, viewed askance by many dealers and most collectors, who contend that it would diminish or even wreck the art market, depress prices, and discourage new collectors. These critics raise other objections: Why should an artist be entitled to a piece of the profit every time his work is resold when an architect, say, must settle for a single flat fee for designing a building that may be resold a dozen times? What if a collector resells a painting at a loss? And, given the informal nature of many transactions in the art world, how could any body possibly keep...