by Thomas Andrew Synnott
e
5 D ) m I
IF ilfl
"Boy in a Red Vest" by Cezanne.
painters who live far from art centers
can learn to draw and paint through
correspondence courses offered by such
schools as the Famous Artists' School in
Westport, Conn.
Who are the. people willing to pay
fantastic prices for works of art? A typ
ical audience at a London auction and
London is fast becoming the world's
most important art center because
dealers take a smaller commission than
in New York or Paris would include
notables from all over the world: Amer
ican collectors (including many art
conscious movie stare), Greek shipping
magnates, Swiss, South Americans,
French anyone with money.
Their buying motives are different;
some have hopes of making fantastic
profits, some want the prestige of saying
they own a Monet or a Cezanne. Among
them, however, are many who love art
and will part with fortunes for the sake
of owning some beautiful painting.
Some speculators actually put all their
money in paintings. They feel that in
view of the conditions that prevail on
the stock market today paintings are as
good an investment as anything. But art
dealers both here and in Europe are ex
pressing misgivings about the extraor
dinary prices some paintings are fetch
ing. Many are advising their clients to
Adoration of the Magi" by Rubens.
look at more reasonably priced works
by artists who came after both the im
pressionists and postimpressionists.
What would happen if hard times
should come? Since many of these art
ists were prolific painters, what would
happen to prices if large numbers of
their works were suddenly put on the
market? In years to come, will prices be
even higher than they are today, or
lower? Many works by artists who were
tremendously popular in earlier times
are selling for only a fraction of what
their current owners paid for them. Ob
viously, this is a highly speculative form
of investment.
While the works of the old masters are
still sought, most of their known works
are in museums or in the possession of
collectors who have no desire to sell.
One work that many collectors would
like to buy is in the collection of the pres
ently reigning Prince of Liechtenstein.
This prince who is believed to keep his
fabulous collection in his castle's wine
cellar is said to have refused one offer
of more than $1,200,000 for a painting
by Leonardo da Vinci.
But whether art prices rise or fall,
whether the people who buy paintings
realize enormous profits or thumping
losses, as long as there are artists there
will be people willing and eager to give
fortunes to possess their pictures.
Family Weekly, January 10. I960
15
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PHOTO CREDITS
Page 4: Stephen Heiser.
Page 12: Chuck Brill, UPI.
Page 15: UPI.
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