Word: turning
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Dates: during 1980-1989
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Aska International, the Tokyo art gallery that spent $25 million at the Dorrance sale, is controlled by Aichi Corp., a Tokyo firm that last September became one of the five largest shareholders of Christie's stock, with 6.4%. Aichi, in turn, is controlled by Yasumichi Morishita, a secretive businessman who got a one-year suspended sentence in Tokyo in 1986 for securities fraud. Morishita is reputedly worth a trillion yen ($7 billion), and may be planning a takeover of Christie's -- although it is unlikely that the Monopolies and Mergers Commission would approve...
...Reagan's economic follies, America sinks and Japan rises. In this context it is fatuous to utter bromides about art's being the Common Property of Mankind. Americans now begin to view the outflow of their own art with bemused alarm -- just as Italians and Englishmen, at the turn of the century, watched the Titians, Sassettas and Turners, pried loose from palazzo and stately home by the teamwork of Bernard Berenson and Joseph Duveen, disappearing into American museums. "The Japanese are awash in money," says New York's leading dealer in old-master drawings, David Tunick. "And when something really...
...deduction for all payments of principal and interest, as long as you had no right to the asset at the end of the term. (The law, needless to say, was framed to help undercapitalized businesses that cannot afford new tractors, not financiers who want to turn a Manet into a tax loss.) Bond had the Manet from Chemical on such an operating lease and got tax write- offs on it that may have run as high as $3.5 million...
What do you say to an offer to ghostwrite Nancy Reagan's autobiography? "Just say yes," advised William Novak's wife Linda when Random House approached him a year-and-a-half ago. Today My Turn: The Memoirs of Nancy Reagan has made headlines, sold some 400,000 copies and soared to the top of the best-seller lists. Yet if Novak went with a winner, so did Reagan. Novak, 41, came to the collaboration with credentials of his own. He is the golden mouthpiece of the nation's celebrities, a literary John Alden who can consistently...
This adaptations-only rule has been in full force as five song-and-dance spectaculars in rapid succession have reached the Broadway stage. Grand Hotel, which opened last week, and Meet Me in St. Louis are influenced by films that were in turn based on books. Gypsy, which also opened last week, stars Tyne Daly of TV's Cagney & Lacey in a revival drawn from the memoirs of stripper Gypsy Rose Lee. Prince of Central Park, which quickly closed, derived from a book that had also prompted a made-for-TV movie. Brecht's own The Threepenny Opera, featuring rock...