Volume 33, Number 12 · July 17, 1986
Art into Money
By Joseph W. Alsop
Almost weekly, the newspapers report new record prices for works of art. Monthly, expensively glossy magazines bulging with dealers' advertisements, chronicle the art market's latest trends with respectful minuteness. And every year, art's present peculiar status, as conspicuously high-priced merchandise, inspires more and more books of one sort or another—most recently two breathless accounts[1] of the takeover of Sotheby's auction house by an American syndicate headed by Alfred Taubman.
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