Art: Bache Museum

Giuliano, Due de Nemours was a peace-loving Medici with pensive eyes and a stubby beard, not to be compared, however, with his potent father, Lorenzo the Magnificent. But Giuliano had his picture painted by Raphael once. That picture, once the property of Grand Duchess Marie of Russia, was bought by Manhattan Stockbroker Jules Semon Bache in 1929 for $600,000.

Last week, four hours after Banker Bache, 75, had sailed to spend the summer in London with his daughter, wife of Theatrical Producer Gilbert Miller, Mr. Bache's lawyer summoned reporters, gave them news that...

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