Word: coming
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Dates: during 1970-1979
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...sale in years has come closer to craziness than Sotheby Parke Bernet's Auction 4290 in Manhattan on Oct. 25. It took only three minutes and 45 seconds to gavel down Frederic Edwin Church's The Icebergs for $2.5 million. That was the third highest bid ever made for a painting at auction* and more than twice as much as any other American work of art has ever fetched (see ESSAY). In all, the 264 works by 146 American painters of the 19th and 20th centuries posted a record for a sale...
Sotheby Parke Bernet's 4290 was a landmark sale: the prices realized at the auction will serve as reference points for years to come. Thus in the hierarchy of cash a relatively obscure artist by world standards ranks, for now at least, above any Dutch old master, any English painter, any French impressionist, any American abstract expressionist, any sculptor...
...followed in London by Sotheby's, in 1975 tacked a 10% buyer's premium on all sales (in addition to the average 10% commission charged the seller). English dealers with American backing sued the two firms for collusion and restraint of trade. The case will not even come to trial for an other year; in the U.S., where the same surcharge has been levied, a dealer's suit may be played all over again...
...powerful empire, could vanish into the oubliette, there is no reason to suppose that the same thing may not happen to their modern equivalents-the Rothkos and Newmans, the Warhols and Johnses, and even (blasphemous thought!) some of the Picassos. What goes up is quite able to come down. It only needs a little crack in the wall of confidence...
...bitchy) profiles of prominent personalities. She outdid herself with the Brzezinski series, which contains a few blatantly smirky and sophomoric passages. She began the first installment with an account of how he had used sexual innuendo to rebuff her requests for an interview. "You'll just have to come out here and live with me," he is quoted as saying. "That's the only...