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...auction of Black Angus cattle in San Antonio, few paid much attention to the lanky bleacher sitter attired in a battered Stetson, old sports jacket, khaki trousers and cowboy boots. But the inconspicuous bidder was none other than Vice President-elect Lyndon B. Johnson, just back from Paris. Spotted and called by name, L.B.J. uttered an annoyed "Shhh" to his discoverer: "I'm down here to buy something good and cheap." With his secret out, Johnson, partnered with a Houston oilman, bought four yearling bulls...

Author: /time Magazine | Title: People, Dec. 19, 1960 | 12/19/1960 | See Source »

Private book collecting in the U.S. reached its peak in the '20s, before its frenzy was cooled by taxes, the Depression and the increasing rarity of first-rate items outside institutional libraries. During that time it was customary for the great auction houses to announce after important sales that "unless otherwise noted, all books were bought by Dr. Rosenbach." The coolness with which the Philadelphia dealer, by an inclination of his head, would top a bid by ?500 caught the public's fancy, and Dr. R. knew how to keep publicity afloat. Solemnly he advertised: "Shakespeare...

Author: /time Magazine | Title: Books: Folios & Frenzies | 12/5/1960 | See Source »

...weather was dreary and drizzling one morning last week as 500 people filed into the silent Ackermann plant of the Wheeling Steel Corp. in Wheeling, W. Va. The men were not workers arriving for the morning shift but guests at a funeral. They came to bid at an auction to liquidate the plant. In 18 hours of bidding, they bought $5,000,000 worth of idle equipment that once had hummed busily under the hands of 1,200 workers. To Wheeling, the auctioneer's machine-gun chant was an old familiar dirge; for years, thousands of its skilled workmen...

Author: /time Magazine | Title: Business: THE DEPRESSED-AREA PROBLEM | 11/28/1960 | See Source »

...Brussels auction last year, Antique Dealer Victor van Uytrecht noticed two handsome 18th century bronze busts of Roman soldiers in coats of mail. He bought them and took them back home to Namur. There, Van Uytrecht's partner and stepson noticed that one of the heads seemed a bit loose. When he tried to tighten it, the bust came apart. Inside was a wooden box, bound with red silk bands and heavy seals, inscribed Cap. S. Felicis...

Author: /time Magazine | Title: Religion: The Martyrs' Heads | 10/31/1960 | See Source »

Last week Collector Sarlie, 45, put his collection up for auction at London's famed Sotheby's to raise money, partly to finance his Manhattan foundation to aid promising young artists. The Modigliani portrait went for $106,000, but the main attraction of the evening was Sarlie's 29 Picassos-the largest number ever put on the block at one time. Highest price for a single canvas was the $134,000 paid by Swedish Collector Carl-Bertel Nathhorst for Femme Accroupie, a somber painting of Picasso's "blue" period. And by evening's end, Sotheby...

Author: /time Magazine | Title: Art: How to Break Records | 10/24/1960 | See Source »

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