Art: ECOLE DE PARIS

SINCE Louis XIV looked with favor upon the artists of France, Paris has been the capital of the world of art. Great art revolutions spilled out of Paris; great art masters stormed the barricades there, ruled as tastemakers for more than two centuries. In mid-20th century, with France drifting toward ever lesser status as a world power, how does the Ecole de Paris stand?

Paris dealers scooped up some $9,500,000 for their 40,000-odd artists last year; the Ecole de Paris remains the most talked about, the most museum-represented "school" in the world. But there...

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