Art: Market Notes: Manhattan

For some years Franz Kline has been turning out slashing black-and-white calligraphs bigger than a man. Most critics and the bearded young espresso-sippers of Greenwich Village place him on the top shelf of the abstract-expressionist hierarchy. Last Monday Kline's first show in two years opened at Manhattan's Sidney Janis Gallery. Eager buyers were beating at the gallery doors as early as 8:30 a.m., swarmed in to inspect his new abstractions, including some (uncharacteristically for Kline) in flamboyant color. Long before the official opening at 4 p.m. buyers had snapped up 14 of the 15 huge canvases, at prices ranging from $8,500...

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