Art: Toys in the Gallery

Some elves with names like Calder, Feininger, Marisol and Jones have in recent years and months been busy making Christmas toys, and this week their work fills Manhattan's Betty Parsons Gallery. Anyone with, say, $5,000 left in his Christmas Club kick will be able to pick up a lot of things like they don't have at F.A.O. Schwarz—not that the kids wouldn't rather have a bikini for their Barbie doll.

The show purports to demonstrate "playfulness" in modern art, and in many cases it does. Lyonel Feininger is represented by a Toy City with People, 17 carved and painted wooden pieces as...

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