Word: last
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Dates: during 1970-1979
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...price spiral is also sustained by a vastly increased public interest in art. More than 175 million Americans visited museums last year. Americans are better educated and more intrigued than ever with objects of lasting value. They share a hunger for possessions that have not been stamped out en masse for a homogenized society. They are beginning to emulate upper-crust Europeans, who have always invested disposable income in tangibles. Says Sotheby's Wilson: "We live in such difficult times that the art of the past is somehow reassuring. It can even be an alternative to religion." For many...
...more controversial move was made by Sotheby's last summer. The company announced that it had entered into an agreement with Citibank, the second largest banking organization in the U.S., to assist the bank's millionaire clients in acquiring artworks for investment. Though Sotheby's insists that the arrangement contains sufficient built-in checks and balances to dispel any suspicion of conflict of interest, many people in the art world are skeptical of any deal whereby an auction house may in effect end up supporting its own market. Says David Bathurst, Christie's New York president...
...Happy Investors For Atlanta's Noel and Kathy Wadsworth, investing in art is a full-time occupation. Last April, Wadsworth, 43, sold his thriving 20-year-old carpet plant in Dalton, Ga., in order to concentrate on what had been the couple's consuming interest: collecting French and American impressionists. "We've always been interested in art, and we'd always bought local artists," he explains. "Then, five or six years ago, we just had a yearning for artists who were names in books, fine art, artists who were dead...
...been a disaster. The confusion of art with bullion may have done more to alter the way people experience works of art than any event since the arrival of mass color reproduction. It may well be that my generation -the people born between 1935 and 1940 -will be the last to remember what a truly disinterested museum visit was like. Quite simply, it is now difficult and, for most people, impossible to walk into a gallery and look at a work of art without its "value"-which means simply price, real or hypothetical-intruding on their reflections. After Velazquez...
When Crawford read Quinn's sensational last paragraphs, she was appalled. Says Crawford: "At no time did Brzezinski do anything, either physically or verbally, that was improper or that could be interpreted as improper by anyone." He had sent the picture to her inscribed: "Clare, I really shouldn't! Zbig." Brzezinski was outraged at the Post's embroidery on his little sally. He and White House Press Secretary Jody Powell went to see the President. Carter was furious. Said he: "Go ahead and deal with...