Word: auction
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Dates: during 1980-1989
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DIED. Peter C. Wilson, 71, English art salesman extraordinary and longtime chairman of Sotheby's, the world's leading art-auction firm, who was responsible for transforming the genteel, Old World establishment into a glamorous high-tech $575 million-a-year business; of the effects of diabetes; in Paris. After joining Sotheby's in 1936 as a porter, the normally reticent Wilson became a nonpareil auctioneer, dubbed the "fastest gavel in the West." Rising to chairman in 1958, he set about overseas expansion, establishing offices in Europe, Asia, Latin America and the U.S., notably in New York...
...Raphaelite Brotherhood to the dustbin of history. Presumably it will not be long before some canvas by William Holman Hunt or John Everett Millais, the kind one might have got 30 years ago for ?500, becomes the first Pre-Raphaelite picture to fetch a million in the auction room...
Ownership of ESPN will further ABC's overall dominance in sports programming, an area where the network never settles for the silver medal. ABC paid a record $225 million for television rights to the Summer Games, and the company last January won an auction for the 1988 Calgary Winter Games with an unprecedented offer of $309 million. Said William Suter, who follows broadcasting at Merrill Lynch: "It was a natural fit. They'll do a lot for each other." ABC will gain a huge audience of subscribers, and ESPN will share in ABC's access to events...
...Fair also showed the social and festive aspects of medieval life. Costumed merchants and artisans displayed their wares while singers and dancers mingled with the crowd. Activities included a medieval auction and a simulation of a duel...
...creating works whose best-known image is the child as sex object. One was the writer Vladimir Nabokov; the other is the painter Balthus. He is the antimodernist's modernist. His retrospective at the Pompidou Center in Paris this past winter drew large crowds, and in a March auction in London, one of his paintings went for more than $1 million...