Word: staechelin
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Dates: during 1960-1969
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...pride of the Basel Museum of Art in Switzerland has long been two fine Picassos, Two Brothers (1905) and Seated Harlequin (1923). They had been on loan from the local Staechelin Foundation for 20 years. The museum more or less assumed that they were there to stay-together with a dozen impressionists and postimpressionists that, in the eyes of some collectors, are even more valuable. Unfortunately, last spring a plane belonging to a charter airline controlled by Peter Staechelin crashed, claiming 126 lives. As a result of lawsuits, the airline went bankrupt. To raise funds, Peter Staechelin persuaded the foundation...
...Contributions Thermometer" outside the museum speedily rose until it shot $45,000 above the required mark, but a number of staid Swiss violently dissented. Some felt that the city's funds would be better used for hospitals and schools, while others simply disliked Staechelin (many a Easier had owned stock in the airline, and many others lost their jobs when it went bankrupt). The anti-Picasso faction drummed up enough signatures on a petition to force a referendum. After a spirited campaign, the city opted last week to buy the Picassos by a vote...
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