Word: throughness
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Dates: during 1980-1989
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In 1985 Aponte decided to review the consumer affairs guidelines on auctions. For more than a year his team pored over Sotheby's and Christie's records, wrestling with such exotic-sounding practices as "bidding off the chandelier" (announcing fictitious bids to drive up the price) and "buying in" (leaving...
Because the auction houses trade in volume and compete intensively for material, they can sometimes be an unwitting conduit for fakes, particularly in ill-documented but now increasingly expensive areas of art. Few forgers would be dumb enough to try to send a fake Manet, let alone a forgery of...
Sean Scully's prices through his regular dealer David McKee have jumped from $90,000 to $140,000 in the past six months, but Scullys are trading on the secondary market as high as $350,000, and Saatchi recently unloaded a block of nine of them on the Swedish dealer...
The political revolution has discovered the fax revolution. Overseas sympathizers of China's student movement last spring quickly learned that the official news blackout could be effectively penetrated through the use of facsimile machines. They used faxes to get foreign press reports into China.
Irises was owned by John Whitney Payson, who had lent it to a small university museum in Maine. But with the news of Sunflowers' sale for $39.9 million -- and with little tax relief in sight if he gave it to a museum -- he decided to sell it through Sotheby's...