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...denounced with high sanctimony in 1989, before quietly adopting it themselves in 1990 -- has produced a string of "pre-auction auctions" among the houses competing for merchandise. It means that the winning house, in order to fulfill its guarantee, has to pump its estimate higher and higher to hype expectation...

Author: /time Magazine | Title: Art: Bumps in The Auction Boom | 5/28/1990 | See Source »

Were sales in which top bids were running 20% to 30% under the low estimates , to be called failures? Not really, sniffs Sotheby's U.S. chairman John Marion. As for charges that hype by the auction houses has undermined not only prices but the houses' own credibility as well, Marion says, "Anyone can say anything they like." But art dealers, who have lost much of their business to auctions in recent years, are not immune to schadenfreude. Lawrence Rubin, for instance, head of New York's M. Knoedler & Co. gallery, sees "a slump self- induced by the auction houses. Over...

Author: /time Magazine | Title: Art: Bumps in The Auction Boom | 5/28/1990 | See Source »

Bush may be the perfect antidote to this culture, which economist Sylvia Hewlett, author of A Lesser Life, says has "taught young women to almost despise the nurturing role." Indeed, now that Bush is on her own, she is holding her own. Rather than hype fashion designers or choose new White House china (she is replacing chipped plates one at a time), Bush spends her days drawing attention to the homeless, AIDS patients, the poor, and those whose lives have been so impoverished they never learned to read. For Wellesley students, says Hewlett, Bush "has all sorts of wisdom about...

Author: /time Magazine | Title: What's Love Got to Do with It? | 5/7/1990 | See Source »

...Since support for environmental protection spans the political spectrum, polarization should not plague Earth Day unless fringe groups seize the occasion to sabotage a steel mill or stage other "ecotage" attacks on perceived corporate villains. Earth Day's organizers more likely face the opposite problem: the possibility that the hype and the numbing array of events will cause people to throw up their hands and stay home...

Author: /time Magazine | Title: Environment: Earth Day: Will the Ballyhoo Go Bust? | 4/23/1990 | See Source »

...short-run, the hype surrounding Earth Day might do some good. The environmental movement, which once had a reputation for attracting only fringe liberals, has truly moved into the mainstream. Most Americans probably now know that styrofoam is bad and trees are good, that natural resources are not inexhaustable and that the garbage they put out on the curb is part and parcel of "the solid waste problem...

Author: By Brian R. Hecht, | Title: Earth Day: The Next Live Aid? | 4/21/1990 | See Source »

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