Art: Under the Boom

A new force is loose in the art markets. It is the buccaneer investor, who does not know what he likes but knows a good investment when he sees one. The result: a boom in art sales that is unparalleled in living memory.

Most conspicuous sign of the times last week was an auction at Manhattan's Parke-Bernet Galleries. In just one hour. 29 middling-good impressionist and post-impressionist pictures were sold for a whopping $1,528,500. The auction was so crowded that 5,000 people were turned away, and half of the 2.000 ticket holders were forced...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!