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...within. But his competition is not just local. Contemporary Chinese art is currently one of the hottest genres anywhere. In the past 18 months Sotheby's has created a stand-alone modern-Chinese-art division, and Christie's showcases the art alongside such modern masters as Andy Warhol and Willem de Kooning. And at a Christie's auction last week in New York City, pieces by Chinese painters Li Songsong and Yan Lei set record prices, while Zhang Xiaogang's A Big Family Series No. 16 went for $1.36 million, surpassing its highest estimate. The Warhol Mao, of course, dwarfed...

Author: /time Magazine | Title: The Great China Sale | 11/19/2006 | See Source »

There are limits, of course, to any market; they just don't announce themselves until the damage starts. Art bubbles can presage stock market busts, as happened in 1987 and 2000. Several weeks ago, entertainment mogul David Geffen sold two postwar paintings by Jasper Johns and Willem de Kooning for a combined $143.5 million. Geffen also sold a Jackson Pollock last week for $140 million, making it the single biggest art sale ever. It topped the previous record breaker--cosmetics magnate Ronald Lauder's purchase of Klimt's Portrait of Adele Bloch-Bauer I in June for $135 million. Although...

Author: /time Magazine | Title: Portrait of a Bull Market | 11/13/2006 | See Source »

...DIED. Pieter Willem "P.W." Botha, 90, hawkish South African politician who led the country during the height of the antiapartheid struggle in the 1980s; at his home in Wilderness, South Africa. As Prime Minister and then President, Botha made reforms at the edges of the apartheid system but refused to release political prisoners such as Nelson Mandela or countenance majority black rule. In 1986, with violence spiraling, he declared a state of emergency. Three years later he was forced to step down by his own party. In a recent interview, Botha said he had no regrets about...

Author: /time Magazine | Title: Milestones | 11/5/2006 | See Source »

Given time, it was a question that would help a handful of American artists to the breakthroughs that produced Abstract Expressionism, the triumphs of Gorky, Willem de Kooning, Jackson Pollock and so on. Picasso would not be the only model they looked to. In their late-night arguments, the work of every painter from Uccello to Kandinsky was brought in for questioning and combed through for motifs and ideas, for rules and for permission to break them. But Picasso was the man, the one continually bursting through the confines of art history and coming back with discoveries worth bursting...

Author: /time Magazine | Title: Picasso's Progeny | 10/9/2006 | See Source »

...that’s not reason enough to liquor up and watch, listen to Bateman describe one of his victims to Detective Donald Kimball (Willem Dafoe...

Author: By Nicholas K. Tabor, CRIMSON STAFF WRITER | Title: Harvard ‘Psycho’ Kills 30-40 | 7/21/2006 | See Source »

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