Word: auction
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Dates: during 1970-1979
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...Unfortunately, fine artists need more than Rauschenberg's lobbying for legislation granting them a piece of the action on resale of their works [March 11]. While enforcement of royalties for artists may be feasible on resale by galleries and auction houses, it would be extremely difficult on private resale. Perhaps what artists need is a Victor Herbert (or a Rauschenberg) to lead them into an ASCAP-type organization that may have some clout and a capability to police all resales...
...Motherwell collage. There is practically no work of art immune to it, and its effects on the perception of art have been, in general, disastrous. The problem is not simply that art costs money; it always has. Peter Wilson, the genial and astute entrepreneur whose direction of the auction house of Sotheby's has done so much to create the modern investment fetishism, likes to point out that the prices paid in their day for the works of Victorian painters like Alma-Tadema (when multiplied by 30 to bring them into line with the devalued dollar...
...perfect ease walk into the Met, the Wallace Collection or the Museum of Modern Art and spend a day communing with paintings without once reflecting on how much they might have cost or what they were now likely to fetch. But given the relentless publicity about art prices and auction triumphs-even when one knows how rigged, distorted and manipulated the actual events and statistics have been-it requires the discipline of an anchorite to do that today. Thus it is hard to leaf through the pages of magazines like Réalties or Connaissance des Arts without experiencing...
...more welcome in the temple than a live artist in the bourse. The blasphemy gave Mrs. Scull a fit of the vapors, and she was whisked away to a restorative party after Mr. Scull, looking suitably grim, told the rude dauber that he ought to be grateful, since the auction price would push up the price of his new work. Rauschenberg, accompanied by an artists' accountant and financial counselor named Rubin Gorewitz, went off to Washington to start lobbying. "From now on," he told the Wall Street Journal, "I want a royalty on the resales and I am going...
...amount of fuel available to refineries, protect smaller companies with no crude resources of their own and ensure steady production around the country. When the program took effect on Feb. 1, many small-and medium-sized refiners with inadequate crude supplies stopped trying to buy oil abroad at auction prices ranging up to $20 per bbl., secure-they thought-in the knowledge that they could buy it at home for about $7 or $8. But major oil companies, or so FEO officials believe, reduced imports because they were reluctant to sell so cheaply. Gulf Oil has brought suit against...