Word: resoldered
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Full Employment. "Most shows," Stevens insists, "are lousy investments unless you have a good tax base and don't mind losing money." A good tax base is exactly what Stevens has-real estate operations ranging all the way from buying the Empire State Building in 1951 (he resold it in 1954) to subleasing a vast section of downtown Seattle. But Stevens also has another, special asset: he knows how to put the touch on other people. He raises vast sums as quickly as he can raise a telephone. Says Playwright Marc (Green Pastures) Connelly: "Stevens is a stage-struck...
...whole collection from the Van Beuningen heirs, will house it in the city's Boymans Museum, where old D.G., who called it. "my museum," kept his largest canvases. In return for the bargain price, the Van Beuningen heirs set a few conditions: the collection must not be resold, it must be on permanent view, it must be clearly labeled as coming from...
...procession of top museum men put the Albright on its modern course. In 1939 Director Gordon Washburn, now head of Pittsburgh's Carnegie Institute, inaugurated a "Room of Contemporary Art," where moderns were hung experimentally, then either acquired permanently or resold. This system, widely copied by other museums, was carried on by Andrew Carnduff Ritchie, now head of Yale University Art Gallery, and current Albright Director Gordon M. Smith, 51, who switched the emphasis to U.S. abstract expressionists. The result of the Albright's venturesome buying is a modern collection that ranks in quality right behind such mammoth...
...Laotian officials, either out of confusion or collusion, have granted orders for some items that seem of questionable utility in a country that is still largely jungle. Recently, licenses were granted for 25 television receivers, though Laos has no TV station. The receivers were smuggled back into Thailand and resold at an enormous profit. There are more cars in Laos, mostly purchased with U.S. aid dollars, than there are miles of road to run them on. Some other mysterious recent requests by Lao entrepreneurs include one for 37 tons of toothpaste, another for 4½ tons of feather dusters...
...spends his bottle-watching days in a sunny little studio overlooking the garden. "I never go out," he says, barely exaggerating. He works slowly, repainting each canvas many times, and producing perhaps a dozen finished pictures a year. These he sells for less than $200 each. They are often resold for ten times his price, but says he, "I would consider it an immoral exploitation if I myself were to accept such...