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Wealthy Use Art Collections As Way To A Better Loan

October 3, 2012
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All loans require collateral. If you don't pay your mortgage, the bank takes your house. If you don't keep up your car payments, there goes your car. Now some wealthy individuals are increasingly taking out loans from auction houses, like Sotheby's. If they default — there goes their art collection. Audie Cornish talks with Marion Maneker, publisher of Art Market Monitor, about the practice.

Arts & Culture

NPR

Giant Renaissance Food People Descend Upon New York

Giuseppe Arcimboldo was a 16th-century artist who liked to play with his food, transforming it into the building blocks of many of his fantastical portraits. Artist Philip Haas has taken those portraits out of museums, reinterpreting them as colossal statues that interact with the natural environment.

Food

NPR

Giant Renaissance Food People Descend Upon New York

Giuseppe Arcimboldo was a 16th-century artist who liked to play with his food, transforming it into the building blocks of many of his fantastical portraits. Artist Philip Haas has taken those portraits out of museums, reinterpreting them as colossal statues that interact with the natural environment.

Politics

WAMU 88.5

Virginia Republicans Select Candidates For November Election

The Republican ticket for November's election includes Ken Cuccinelli for governor, E.W. Jackson for lieutenant governor, and Mark Obenshain for attorney general.

Technology

NPR

Book News: Amazon May Be Called Before Parliament Over Taxes

Also: AARP and The Nation join a growing list of ebook publishers; Hilary Mantel on Jane Austen; Anne Applebaum on Sheryl Sandberg.

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