Art: The Big Deal

The mystery surrounding the sale of the Edward G. and Gladys Lloyd Robinson art collection for $3,250,000 (TIME, March 4), was finally cleared up. Not very silent on a peak in St. Moritz, Greek Shipping Tycoon Stavros Spyros Niarchos let it be known last week that he is the collector for whom Manhattan's M. Knoedler & Co. Inc. bought 58 paintings and a bronze from Movie Tough Guy Robinson.

It was a unique deal. Obligated to realize the cash value of the collection under the terms of a divorce settlement, Art Lover Robinson sold it through Knoedler's, then bought back for himself...

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