Word: wilson
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Dates: during 1970-1979
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...began covering the auction scene-and, inevitably, acquiring some treasures for himself-while stationed in TIME'S London bureau from 1958 to 1961. "It was convenient," he says, "and I got very good advice. Sotheby's was around the corner from our offices, and its chairman, Peter Wilson, used to lunch at TIME'S cafeteria...
...clientele. Also there are successful young lawyers who are investing in antiques for their homes and offices." The protests of purists notwithstanding, many people are buying tangibles as a green hedge against wilting paper of whatever kind, dollars or marks, stocks or bonds. As Sotheby's chairman, Peter Wilson, points out: "There's not a single person who believes that if you put $100 in an envelope and decide you want to give it to your son when he is 21, in 20 years' time that $100 will buy what it does today. Nobody in the world...
...educated and more intrigued than ever with objects of lasting value. They share a hunger for possessions that have not been stamped out en masse for a homogenized society. They are beginning to emulate upper-crust Europeans, who have always invested disposable income in tangibles. Says Sotheby's Wilson: "We live in such difficult times that the art of the past is somehow reassuring. It can even be an alternative to religion." For many accumulators...
...recently, Sotheby's pushed its mass-marketing strategy even further by signing an agreement with Tokyo's Seibu Department Stores Ltd., which brings the Western fine arts auction market into retail stores and enables Japanese buyers to place bids for, say, an over-the-counter Constable. When Wilson retires as Sotheby's chairman in February, he will be succeeded by his cousin, the Earl of Westmorland, who is an equally innovative businessman. "I am sure," says Westmorland, "the auction game is going to grow more and more popular...
...costs. In Chicago, volunteers are knitting mittens and scarves for poor children while the city's Hull House Community Center conducts weatherizing workshops for residents of the surrounding low-income neighborhood. In East Lansing, Mich., a "community tool box" provides tools necessary for home insulation. In Little Rock, Gloria Wilson, a mother of seven and the wife of a mechanic, dreads the first winter gas bill. She does not heat the living room or dining room of her seven-room home. Even so, her heat has been cut off for nonpayment five tunes in the past three years. Each reconnection...