While the Society now addresses all aspects of Japanese art and culture, it traces its origins to a small group of ukiyo-e print collectors in and around New York City in 1973, at a time when Parke-Bernet Galleries (later to merge with Sotheby's) had begun to develop a market for Japanese art.
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His collection included masterpieces by Harunobu, Utamaro, Sharaku and Hokusai, and the sale attracted many of the great collectors and dealers of the era, including Richard Pillsbury Gale (1900–1973) in Minnesota, Felix Tikotin (1893–1986), a dealer living in Switzerland, and Nishi Saiju (1927–1995), the first Japanese dealer to attend a sale in the United States.
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