Word: tokyo
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Dates: during 1970-1979
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Many have already carried banners of protest in Paris, as well as in London, Tokyo, The Hague, Sydney, Wellington, Lima and Istanbul. Last week Jean-Jacques Servan-Schreiber, the influential French politician and publisher, flew off to organize a demonstration in Tahiti. On his arrival, he lauded those willing to risk their lives in the explosion zone-particularly Jacques de Bollardière, 65, a wartime military hero who had resigned as a general in 1961 over the mistreatment of Algerian captives. The former general, said Servan-Schreiber, "is saving the honor of the French army." The American couple...
Whereas most of Tokyo's 500 galleries are one-room affairs, Marlborough, typically, is preparing to open in a palatial house in the fashionable Tokyo district of Hiroo. Massively funded-its Japanese stockholders include the heads of Sony and Panasonic-Marlborough-Torii Ltd. seems prepared, as its Japanese president, former Adman Tatsuya Torii, put it, to "bring internationalism to the Tokyo art market once and for all." This will not make the intruder popular. But then, Marlborough has never made a virtue of popularity. It is -as exasperated rival dealers are wont to point out-the General Motors...
...chance or whim. Thus when selling a Modigliani or a Picasso in Japan, Lloyd reveals it to the client in a lined box with a lid instead of hanging it framed on a wall; that is how Japanese collectors are used to packing their scrolls. "Lloyd-san," purrs his Tokyo partner Torii, "almost seems to understand Zen." Marlborough prints the most elaborate color catalogues in the business for its shows, and accompanies a major exhibition-David Smith, say, or Francis Bacon-with a campaign of discreet lobbying with collectors. It is indicative of Marlborough's reputation for secrecy...
...with more than $700 million in assets. UBAF is 40% owned by Crédit Lyonnais but controlled by 23 Arab banks. The president is U.S.-educated Mohamed Mahmoud Abu Shadi, former chairman of the National Bank of Egypt. UBAF has subsidiaries in London, Rome, Frankfurt, Luxembourg and Tokyo. Partners of these subsidiaries include several big European banks and The Bank of Tokyo...
...firms are three of the reasons. Another is strict French laws regulating production of the most sought after wines. Demand continues to grow in the U.S., Asia and Europe. Not only are Americans drinking more table wine than ever* but Japan has had a stunning impact on the market. Tokyo importers sometimes outbid rivals by as much as 50%. In London, Sir Hugh Wonter, chairman of the Savoy Group, predicts that within a few years his hotels will have to charge $75 for a bottle of Bordeaux. "I think," Sir Hugh says, "that we shall have to take lemonade...