Art: Change in the Rules

Armenian-born Calouste Gulbenkian, 84, who now lives in Lisbon, is a man of double distinction: 1) from a lifetime of dealings in Middle East oil, he has become one of the richest men in the world; 2) by judicious purchases, he has put together one of the finest collections of old masters in existence (TIME, Feb. 14,1949). Neither of his distinctions was achieved without a knowledge of the ground rules. Last week, to get some ground rules changed, Collector Gulbenkian had the busy U.S. Congress amending the Internal Revenue Code for him. The change...

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