Art is a commodity that often sells better second-hand than new. One landmark witness to this fact has been Manhattan's American Art Association-Anderson Galleries. For years most U. S. art fanciers who were creating new collections, and sometimes their lawyers and agents who were dispersing old collections, have been seen in the Galleries' staid brick building on Madison Avenue at the southeast corner of Manhattan's esthetic 57th Street.
Last week its high, dark rooms were empty, stripped of their fittings. The American Art Association-Anderson Galleries, its license suspended for nonpayment of over $50,000...