Word: auction
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Dates: during 1970-1979
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Those wily old Romans started it all. They developed the form of sale that became the auction, and used it to sell everything from statues to tapestries to palaces and, finally, the relics of their republic. They knew well that audio (literally, an increasing) was where the action was. They should be around today...
...since the first hammer dropped to the highest bidder have sales of valuables commanded such audiences, such publicity, such prices. While anything that is relatively rare is sure to fetch a pretty penny at auction these days, things of beauty and lasting worth-"objects of virtue" to the trade-are going for sums that would boggle the I of Claudius. Ars gratia auctionis. Throughout the U.S. and the rest of the West, once listless salesrooms thrum with auctiophiliacs in search of a piece of the past; the top firms hold several simultaneous sales a day six days a week...
...huge painting of scarlet lips suspended over a landscape, the work of American-born Dadaist and Photographer Man Ray, sold Nov. 5 at Sotheby Parke Bernet in Manhattan for $750,000. It was by far the highest price ever paid at auction for a surrealist work...
...Earlier this month in Manhattan, the highest amount ever brought by a poster at auction -$26,000-went for Toulouse-Lautrec's color lithograph of Parisian Cabaret Singer Aristide Bruant...
...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...