The following text was automatically extracted from the image on this page using optical character recognition software:
ar-Telegram ! RATES rSMi ONLY l«Ji S IL Uiil HIV ----- New York advertising tycoon Al- fred W. Erickson and Mrs. Erick- son. The paintings were sold at Parkebernet Auction Galleries in 56 minutes for a total of $4,679,250, about $1.5 million more than their estimated value. Double Auction Record The sale brought more than twice the previous world auction record of $2,188,800 for an art collection of any size. The Rembrandt, which got an opening bid of $1 million, brought more than twice the price ever paid for a single painting, sold either at auction or privately. The late Andrew Mellon’s pur- chase of Raphael’s “Alba Madon- na” from the Soviet government for $1.1 million in 1931 was the previous world record. Another painting in the Erick- son sale, “The Reader” by the French 18th Century artist, Fra- gonard, also broke the world auc- tion record for a single painting. It was purchased by banker and art patron Chester Dale, acting for the National Gallery in Wash- ington, for $875,000. Pep Rally Cancelled By Bonham Tonight The weekly pep rally sponsored by cheerleaders and Bonhi students and the band has been called to- night owing to the death of Mr. Sam Rayburn. TicStV^
