Art: Morgan Miniatures

Month ago it was announced that J. Pierpont Morgan had sold six of his father's most valuable paintings (TIME, Feb. 11). The proceeds were to be used some day by Banker Morgan's executors to pay for the transfer of his estate to his heirs. Last week came another announcement: in May or June 900 gem-studded Morgan miniatures on ivory, valued at $600,000, will go on sale at Christie's in London.

The lot included 18 miniatures by Jean & François Clouet; 75 by the 18th Century's master miniaturist, Jean Baptiste Jacques Augustin; 56 by the British master, Richard Cosway; and one called Group...

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