Word: worldlys
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Dates: during 1970-1979
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...success is excessive. While no one blames them for dizzy prices-they are not their bidders' keepers-even dealers who are making wild profits as a result of the art boom evince a certain distaste for the whole process. London's Waddington points out that the auction world's Big Two, unlike most thriving corporations, do not plow back even part of their profits into research, grants for young artists or gifts to museums. Says he: "They are simply dealing in commodities." There is a gavel-size black cloud over the Big Two, however. Christie...
...second largest banking organization in the U.S., to assist the bank's millionaire clients in acquiring artworks for investment. Though Sotheby's insists that the arrangement contains sufficient built-in checks and balances to dispel any suspicion of conflict of interest, many people in the art world are skeptical of any deal whereby an auction house may in effect end up supporting its own market. Says David Bathurst, Christie's New York president: "Using art as an investment scares the hell out of me. There's going to be a flood of money...
...great objects of art around." He concentrates on 19th century academics, pre-Raphaelites and symbolists, because at the time he began collecting 20 years ago they cost relatively little. Hofstra-educated Pivar has steeped himself in his field since then, reading exhaustively and traveling to important auctions around the world. Says he: "To be a knowledgeable collector of 19th century painting you have to be a mythologist as well as a historian. Being a collector turns you into an aesthete, a financier, a voyager, a voyeur and a scholar...
...eddies of this confluence, the work of art, battered and sucked this way and that by incompatible necessities, becomes simultaneously prominent and invisible. It can no longer speak as it once spoke. It is asked to become not an object of contemplation, but a spectacle. In the show-biz world that replaces the more subtle processes of art appreciation, there are two kinds of artwork, Treasures and Masterpieces. Anyone can tell the difference. Treasures have gold in them, Masterpieces...
...occasionally about racial equality and has always insisted on an open membership policy, though First Baptist says it has no record of how many members are black. Pollard sees the U.S. in trouble, and one of his persistent themes is how to save American democracy in a hostile world. He is likely to point out that "the best in vestment of all is the missionary investment," after citing figures snowing that the average "overseas conversion to Christianity costs just $654 per convert - as opposed to the cost of $200,000 to kill a single enemy soldier in World...