Word: toed
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
What kind of people are spending for such things? And why? An immensely wealthy individual-a Getty, a Norton Simon, a Mellon-finds in great art what eluded Alexander of Macedon-a last world to conquer. It is a lust to which overachievers have been notoriously susceptible, from Catherine the...
The average buyer today is fairly young, probably in his 40s, and well-to-do. "Along with old money and society," says Atlanta Auctioneer David Ramos, "the young guy who scored in real estate is becoming an increasing part of our clientele. Also there are successful young lawyers who are...
Many other factors have combined to pump up the proceeds. First-rate works of art are in short supply, and becoming ever more scarce, as the auction catalogues-if not the sales figures-sadly reflect. The prizes go mostly these days to citizens of nations that do not extract excessive...
The price spiral is also sustained by a vastly increased public interest in art. More than 175 million Americans visited museums last year. Americans are better educated and more intrigued than ever with objects of lasting value. They share a hunger for possessions that have not been stamped out en...
Thus collecting valuable objects is no longer the preserve of the rich. At Sotheby's Los Angeles branch, which recorded a 1978-79 turnover of $13.7 million, 50% of all items on sale go for less than $300. Says Sotheby's Los Angeles president, Peter McCoy: "It makes...