⚫ In memoriam — Joshua Baer, founder of Capital Factory (1975–2026). Read the tribute →

The Life and Times of
Barney Ebsworth

From One and a Half Paychecks to $400 Million
Cover Portrait
Barney A. Ebsworth, circa 2010s. At home in Hunts Point, art on the walls behind him.
Insert author’s preferred portrait photograph
A WholeTech Publication • barneyebsworth.com • 2026

Also by Paul Terry Walhus

The Frauenthal Legacy (barneyfrauenthal.com)

The Walhus Family (walhus.com)

The Shey Roth Story (sheyroth.com)

For Aunt Bernice and Uncle Alec,
who started with one and a half paychecks
and gave the world Barney.

And for the Gapen sisters — Bernice and Lillian —
whose marriages wove together
the Ebsworth and Frauenthal legacies forever.

“My eyes were my mentors.”

— Barney A. Ebsworth
Smithsonian Archives of American Art, 2017

Contents

Part I: Origins
Chapter 1: The Gapen Sisters
Chapter 2: Buckingham Palace
Chapter 3: One and a Half Paychecks
Chapter 4: The Quarter-Miler
Chapter 5: The Louvre Weekends
Part II: Empire
Chapter 6: Midnight in France
Chapter 7: Twenty-Five Years Old
Chapter 8: Ships
Chapter 9: Mach Two
Chapter 10: Small Ships, Big Oceans
Chapter 11: The Bear
Part III: The Eye
Chapter 12: Quality, Quality, Quality
Chapter 13: The Americans
Chapter 14: Chop Suey
Chapter 15: O’Keeffe’s Witness
Chapter 16: The Warhol Trade
Chapter 17: The Chapel That Never Was
Part IV: Power
Chapter 18: July Fourteenth
Chapter 19: Air Force One
Chapter 20: The Donor
Part V: The Lake
Chapter 21: Hunts Point
Chapter 22: The House That Art Built
Chapter 23: Echo
Chapter 24: The Neighbors
Part VI: Legacy
Chapter 25: The Twins
Chapter 26: Christiane
Chapter 27: Six Weeks
Chapter 28: An American Place
Chapter 29: The Bezos House
Chapter 30: One and a Half Paychecks
Appendices
The Frauenthal Family Tree
The Christie’s Auction: Complete Results
Sources and Acknowledgments
Index

Part I

Origins

Chapter One
The Gapen Sisters

There were two sisters, and the sisters married two very different men, and from those two marriages came two very different American stories — one of quiet Midwestern decency and the other of staggering, improbable, world-shaking wealth. This is the story of the second one. But to understand it, you have to start with both.

Lillian Gapen married into the Frauenthal family. Her sister Bernice — everyone called her Bern — married Alec Ebsworth, a British man whose grandfather had commanded the Grenadier Guards at Buckingham Palace. Through Lillian, the Frauenthal name and its extraordinary legacy — a Civil War hero who founded an Arkansas town, a physician who survived the Titanic, a railroad man who invented the traveler’s information service — passed into the American heartland. Through Bernice, that same bloodline produced a boy named Barney who would grow up to own Edward Hopper’s greatest painting, build cruise ships, invest in Build-A-Bear Workshop, live next door to Bill Gates, have presidents at his wedding, and leave behind an estate worth over four hundred million dollars.

The Gapen sisters are the hinge of this story. Remove either one and the whole architecture collapses. Lillian’s line produced Paul Terry Walhus, the author’s family. Bernice’s line produced Barney Ebsworth. The two cousins grew up together in St. Louis, ran track together, and stayed connected across decades and across the widening gulf between ordinary American life and the kind of wealth that gets measured in nine figures.

Family Photograph
The Gapen sisters: Lillian (left) and Bernice (right), circa 1920s, St. Louis.
Insert family photograph if available

It is tempting, when telling the story of a man who died with four hundred million dollars in art on his walls, to begin with the art. Or the money. Or the famous neighbors. But Barney Ebsworth did not begin with any of those things. He began with two aunts and their choices — choices that would ripple across a century and end up, in the most American way imaginable, at a Christie’s auction in New York where a single painting sold for ninety-one million dollars.

The painting was of two women sitting at a table in a Chinese restaurant.

But we are getting ahead of ourselves.

• • •
Chapter Two
Buckingham Palace

Alec Ebsworth was not the kind of man you expected to find in Depression-era St. Louis. He was British in a way that Americans find both charming and slightly alien — he grew up at Buckingham Palace, where his grandfather had served as commander of the Grenadier Guards, one of the most prestigious postings in the British military. The Grenadier Guards are the oldest continuously serving regiment in the British Army. They guard the sovereign. Alec’s grandfather had guarded the sovereign.

How a man with that pedigree ended up in Missouri, married to a Gapen girl from the American Midwest, is one of those transatlantic stories that the twentieth century produced by the thousands — stories of dislocation and reinvention, of old-world prestige meeting new-world possibility, of men and women who crossed an ocean and started over.

Historical Reference
Grenadier Guards at Buckingham Palace, early 1900s. Alec Ebsworth’s grandfather commanded this regiment.
Source: Wikimedia Commons / British Army historical archives

Alec brought England with him. In a city famous for its beer, its baseball, and its drawling Missouri vowels, Alec Ebsworth taught his son to play cricket. Cricket! In St. Louis! Young Barney, born in 1934, grew up learning to bowl and bat on American grass, an English game played by a boy who would become one of the most American men who ever lived. The incongruity is almost too perfect: here was a child absorbing, from his father, the very British conviction that style matters, that form matters, that how you do something is as important as what you do — lessons that would serve him spectacularly when he began collecting art four decades later.

But Alec’s gifts to his son went beyond cricket and manners. Father and son earned the rank of Eagle Scout together — an astonishing achievement, a father and son standing side by side at Scouting’s highest honor. Eagle Scout requires years of dedication, community service, and a final project that demonstrates leadership. To do it once is notable. To do it as a pair, in tandem, suggests a household where ambition was not just tolerated but shared, where the father said to the son: we do this together, and we do it all the way.

Photograph
Alec and Barney Ebsworth at their Eagle Scout ceremony, St. Louis, late 1940s.
Insert family photograph if available

There is a through-line from Buckingham Palace to Eagle Scout to the Louvre to Christie’s: the conviction that excellence is not optional. Alec Ebsworth, the Englishman in Missouri, passed something to his son that no amount of money could buy and no amount of poverty could take away — an eye for quality, a tolerance for discipline, and the quiet certainty that how you carry yourself in the world matters more than what the world gives you.

The world, as it happened, would give Barney Ebsworth quite a lot.

• • •
Chapter Three
One and a Half Paychecks

Bernard Alec Ebsworth entered the world on July 14, 1934, in St. Louis, Missouri, and he did not enter it alone. Barney was a twin. His sister Muriel arrived alongside him, and from their very first moment on earth, the two Ebsworth babies were a study in contrasts that would deepen across eight decades — Barney toward art and ships and presidents and hundreds of millions of dollars, Muriel toward a classroom and a quiet life in North Carolina.

They came from the same womb. They shared the same birthday. They were raised in the same modest house on the same street in the same city. And yet one of them would end up owning Edward Hopper’s Chop Suey while the other graded homework.

The family, in Barney’s own telling, lived on “one and a half paychecks.” It is a phrase worth pausing over, because Barney used it his entire life, and because it tells you something essential about the man. He didn’t say “we were poor.” He didn’t say “we struggled.” He gave it a number — precise, unsentimental, memorable. One and a half paychecks. Not one. Not two. One and a half. Just enough to get by, with a little left over that wasn’t quite enough to feel comfortable. It is the phrase of a man who counts things carefully, who notices the margin between survival and prosperity, who would one day apply that same numerical precision to the brush strokes of a painting and know, instantly, whether it was worth ninety-one million dollars.

St. Louis, 1930s–1940s
Aerial view of St. Louis during Barney’s childhood. The Gateway Arch would not be built until 1965. This was a city of brick rowhouses, streetcars, and the great Mississippi rolling past.
Source: Missouri Historical Society / Library of Congress

St. Louis in the 1930s and 1940s was a city of paradoxes. It was the gateway to the West, the city that had hosted the 1904 World’s Fair, the home of Anheuser-Busch and the Cardinals and the mighty Mississippi. It was also a city of rigid social stratification, where the old families — the Busches, the Danforths, the Pulitzers — held court in their mansions along Lindell Boulevard while families like the Ebsworths stretched their one and a half paychecks across the less fashionable precincts of the city.

But St. Louis had something that would prove crucial to Barney’s story: it was a city that took culture seriously. The St. Louis Art Museum, built for the 1904 World’s Fair, was free and open to the public. The St. Louis Symphony was one of the oldest in the country. The city’s great train station — Union Station, where Barney’s Frauenthal relative had run the Bureau of Information — was an architectural masterpiece, a cathedral of travel. Even if you were a boy living on one and a half paychecks, beauty was accessible. You just had to walk through the door.

Barney walked through every door he could find.

• • •
Chapter Four
The Quarter-Miler

Cleveland High School in St. Louis produced its share of notable graduates, but few who ran the quarter-mile with the particular ferocity of Barney Ebsworth. The quarter-mile — 440 yards, one lap of the track, the race that runners call “the man-killer” — is the most brutal distance in athletics. It is too long to sprint and too short to pace. It demands that you run at near-maximum speed for approximately fifty seconds, and then, when every fiber of your body is screaming for you to stop, you accelerate. The last hundred yards of a quarter-mile are run on willpower alone.

Barney was built for it. Not physically — he was lean and fast, but no freak of nature — but temperamentally. The quarter-mile selects for people who can tolerate extraordinary discomfort in pursuit of a goal, who can override the body’s desperate pleas for mercy, who can find, in the deepest well of exhaustion, one more gear. It is, when you think about it, excellent preparation for building a business empire from nothing.

Photograph
Cleveland High School track, St. Louis, late 1940s. Barney in his track uniform, crouched at the starting blocks.
Insert yearbook or family photograph

Ten years younger than Barney, his cousin Paul Terry Walhus was running the same event at Bayless High School in Affton, just across the city. Paul was gifted — he would finish second in his conference, behind only Wayne Hermann of Clayton High — but Barney was the older, faster, more experienced runner, and he took it upon himself to be Paul’s mentor. He pushed the younger boy. Harder. Faster. More.

The two cousins, connected through the Gapen sisters, bonded over the particular suffering of the quarter-mile. There is an intimacy that comes from shared physical anguish — from knowing that the person running beside you understands, in their lungs and their legs and their burning throat, exactly what you are enduring. Barney and Paul forged that bond on the tracks of St. Louis, and it would last a lifetime, long after Barney had traded his running spikes for cruise ships and Hoppers.

His speed earned him an athletic scholarship as a sprinter to the University of Missouri. He later transferred to Washington University in St. Louis on an academic scholarship, pivoting to business. The athlete became a student of commerce. But the discipline of the track — the willingness to suffer, the ability to find one more gear when the race seemed lost — never left him. Decades later, when he sat in an auction room and raised his paddle for a painting that cost more than most companies earn in a year, it was the quarter-miler in him that held steady. The body screams stop. The runner accelerates.

• • •
Chapter Five
The Louvre Weekends

The United States Army, which has produced generals and presidents and heroes beyond counting, also produced, in the 1950s, an art collector. It did not intend to. The Army stationed a young soldier named Barney Ebsworth in France, and on the weekends, when other soldiers drank or chased girls or simply slept, Barney walked into the Louvre.

He walked in knowing nothing. He had no art history degree. He had taken no classes. He had read no books on the subject. He was a business major from Wash U who ran the quarter-mile and grew up on one and a half paychecks. He had no credentials and no vocabulary and no reason, by any conventional measure, to understand what he was looking at.

But he had eyes. And Barney Ebsworth’s eyes, as it turned out, were extraordinary.

The Louvre Museum, Paris
The Grande Galerie of the Louvre, where a young American soldier taught himself to see. Barney spent every free weekend here in the mid-1950s, standing before Delacroix, Monet, Cézanne, and the great sweep of European art.
Source: Wikimedia Commons — the Louvre’s Grande Galerie

“My eyes were my mentors,” he would say decades later, in the Smithsonian oral history that preserved his story for posterity. It is a deceptively simple statement. What Barney was describing is autodidactic genius — the ability to educate oneself through pure observation, to develop taste and judgment without formal instruction, to stand before a Vermeer and a Bouguereau and know, viscerally, which one is great and which one is merely skillful.

Most people cannot do this. Most people, confronted with a wall of paintings in a museum, see color and subject matter and not much else. They know what they like, in the way that people know they prefer chocolate to vanilla, but they cannot articulate why a particular arrangement of paint on canvas is a masterpiece while the one next to it is merely competent. Barney could. Not because someone taught him, but because he looked — really looked, for hours and days and months of weekends — until his eyes learned to read paintings the way a musician’s ears learn to read music.

He was, in those silent weekends at the Louvre, building the instrument that would make him rich. Not a business plan. Not a network. Not a scheme. An eye. The most valuable eye in American art collecting, and it was forged not at Yale or Harvard or the Courtauld Institute but in the stolen weekends of a twenty-two-year-old soldier who should have been drinking beer.

“In real estate, they say three things matter: location, location, location. For me, collecting art was about quality, quality, quality.”

— Barney Ebsworth

The boy who grew up playing cricket because his father was English. The boy who earned Eagle Scout alongside that father. The boy who ran the quarter-mile on willpower alone. That boy was now standing in the greatest art museum in the world, training himself to see beauty with the same discipline he had applied to everything else. He did not know it yet, but he was preparing for the work of his life — not the ships, not the travel company, not the political connections, but the collection. The paintings. The eye.

He would not buy his first important painting for another decade. But the Louvre had already changed him. He had walked in as a soldier and he would walk out as a collector. He just didn’t have anything to collect yet.

That was about to change. Because on New Year’s Eve 1956, in a USO hall somewhere in France, the clock was about to strike midnight.

• • •

Part II

Empire

Chapter Six
Midnight in France

If this were a novel, the editor would send it back. Too perfect. Too cinematic. A young American soldier, stationed in France, who has spent his weekends teaching himself beauty at the Louvre, goes to a USO party on New Year’s Eve 1956. The room is full of soldiers and French civilians. Music plays. People drink. And at the stroke of midnight — at the exact moment when the old year dies and the new one is born, when possibility is at its most electric — Barney begins to dance with a nineteen-year-old French girl named Martine de Visme.

They danced at midnight. He was twenty-two. She was nineteen. He was from St. Louis and she was from France and together they were proof of what the twentieth century did better than any century before it: brought people together who had no business finding each other, threw them into the same room at the same moment, and let the music do the rest.

Photograph
Barney and Martine, France, 1957. The young couple before their wedding. She was nineteen. He was about to change the world.
Insert wedding or courtship photograph

They married in March 1958 in France. He brought his bride home to St. Louis — home to the one and a half paychecks, home to the city where his father played cricket and his Frauenthal relatives had ruled Union Station, home to the Midwest that was about to lose him to something bigger. Their daughter Christiane was born — Barney’s only child, the girl who would one day inherit a collection worth three hundred and twenty-three million dollars and make the decision that shook the art world.

The marriage to Martine would not last. Barney would marry three more times. But this one — the first one, the midnight one, the French one — gave him Christiane. And Christiane would turn out to be the most consequential person in this entire story, because it was Christiane who decided what happened to the paintings after Barney was gone.

But that is thirty chapters from now. For the moment, in 1958, Barney Ebsworth is twenty-four years old. He has a French wife, a baby daughter, an eye trained at the Louvre, the discipline of an Eagle Scout, the speed of a quarter-miler, the manners of a man whose father grew up at Buckingham Palace, and absolutely no money.

He was about to fix that.

• • •
Chapter Seven
Twenty-Five Years Old

In 1959, at the age of twenty-five, Barney Ebsworth founded INTRAV — International Travel — in St. Louis, Missouri. He had a wife, a baby, no savings to speak of, and a conviction that wealthy Americans would pay a premium for luxury travel experiences if someone would simply organize them properly.

It was a bet on a very simple idea: that the experience of travel could be elevated from transportation to transformation. Other companies sold tickets. Barney sold arrivals — the feeling of stepping off a plane or a ship and into a world that had been curated, anticipated, and prepared for you. Every guide hand-picked. Every hotel the best available. Every detail considered before you knew to ask about it.

Photograph
INTRAV offices, St. Louis, early 1960s. The modest beginnings of a luxury travel empire.
Insert early INTRAV photograph or brochure

The idea worked because Barney understood something that most twenty-five-year-olds do not: rich people are not paying for the thing. They are paying for the feeling the thing gives them. A first-class hotel room is not about thread count. It is about the feeling of being anticipated — of walking into a room and sensing that someone thought about you before you arrived. Barney had learned this at the Louvre, watching how great paintings made people feel things they couldn’t name. He applied the same principle to travel.

INTRAV grew. Steadily at first, then with gathering momentum, as word spread among the affluent circles of American society that there was a man in St. Louis who could send you around the world and make every moment of it feel like the first time you ever went anywhere.

In 1967, INTRAV launched the first American charter tour to the Far East — at a time when most Americans had never been to Asia and couldn’t have found Bangkok on a map. Barney saw the opportunity before the market did. He was always seeing things before the market did. It was the same instinct that would drive his art collecting: go where others aren’t looking. Be there first. Own the best.

The revenue from INTRAV funded everything that came after. The cruise lines. The art. The homes. The political donations. The entire Ebsworth empire was built on a foundation of luxury travel, on the simple, powerful insight that experiences are worth more than objects — an insight that makes it all the more extraordinary that Barney would eventually build one of the greatest collections of objects in American history.

Perhaps he understood, better than anyone, that a great painting is not an object at all. It is an experience that hangs on a wall.

• • •
Chapter Eight
Ships

There is an irony in this chapter that the family has never been able to ignore, and neither should we. In April 1912, three of Barney’s Frauenthal relatives boarded the RMS Titanic for its maiden voyage across the Atlantic. Dr. Henry William Frauenthal, his bride Clara, and his brother Isaac — a New York lawyer who had dreamed, the night before boarding, that the ship would sink — escaped in Lifeboat No. 5 as fifteen hundred souls went to the bottom of the North Atlantic.

Sixty years later, their relative Barney Ebsworth was building luxury ocean liners.

Historical Photograph
The RMS Titanic departing Southampton, April 10, 1912. Barney’s relatives Dr. Henry Frauenthal, Clara Frauenthal, and Isaac Frauenthal were aboard. They survived. 1,500 did not.
Source: Wikimedia Commons — public domain

In 1972, Barney founded Royal Cruise Line. The vessels — the MS Golden Odyssey, the MS Royal Odyssey — sailed the Mediterranean, the Caribbean, and around the world. They were not the mega-ships that would come to dominate the industry in the 1990s and 2000s, those floating shopping malls with rock-climbing walls and waterslides. Barney’s ships were what ships used to be: elegant, purposeful, intimate. Five hundred to eight hundred passengers. A single sitting at dinner. Entertainment that leaned toward lectures and string quartets rather than casino floors and comedians.

The Titanic had tried to be the biggest, the fastest, the most unsinkable. Barney’s ships tried to be the most beautiful. It was, perhaps unconsciously, a response to the family’s brush with the deadliest maritime disaster in history: if we are going to build ships, we will build them right.

Photograph
MS Golden Odyssey at sea, 1970s. Barney Ebsworth’s Royal Cruise Line: luxury on the ocean, intimate scale, the Ebsworth standard of quality.
Source: cruise ship archives / Royal Cruise Line promotional materials

Royal Cruise Line was followed, in 1981, by Clipper Cruise Line — and here Barney went even smaller. The Clipper ships carried only one hundred to one hundred forty passengers. They were expedition vessels, designed to navigate rivers, coastal waterways, and harbors that the big ships couldn’t reach. The Intracoastal Waterway. The Erie Canal. The Pacific Islands. Central America. Places where a thousand-passenger ship couldn’t go but a Clipper could, sliding quietly into ports of call that most travelers had never heard of.

No casinos. No Broadway shows. No rock-climbing walls. Instead: naturalists. Historians. Lecturers. The passengers came for knowledge and access, not buffets. It was, like everything Barney built, a reflection of his deepest conviction: that the best things in life are not the biggest, but the most carefully chosen.

Quality. Quality. Quality.

• • •
Chapter Nine
Mach Two

In 1987, Barney Ebsworth sent a group of wealthy Americans around the world at twice the speed of sound.

The Concorde — the Anglo-French supersonic airliner, the needle-nosed technological marvel that flew at Mach 2 and turned the Atlantic Ocean into a puddle — was already the most exclusive way to travel on earth. A round-trip ticket from New York to London on British Airways’ regularly scheduled Concorde service cost twelve thousand dollars in 1990s money. The passengers were rock stars, heads of state, and the kind of businesspeople who calculated that three hours saved crossing the Atlantic was worth more than the cost of a small car.

The Concorde
British Airways Concorde in flight. Barney Ebsworth chartered this aircraft — the fastest commercial airplane ever built — for INTRAV’s “Around the World by Private Concorde” in 1987. Mach 2. Twice the speed of sound.
Source: Wikimedia Commons — British Airways Concorde photographs

Barney looked at the Concorde and saw what he always saw: an experience that could be made even more extraordinary. His innovation was to charter the entire aircraft — to turn it into a private flying hotel — and create an itinerary that used the Concorde’s speed to hop from continent to continent, landing at the world’s most exclusive destinations, with the INTRAV treatment at every stop.

It was, quite literally, the fastest anyone had ever traveled around the world in luxury. The passengers boarded in one hemisphere and stepped off in another before the champagne had gone flat. It was absurd and magnificent and completely, perfectly Barney: find the best thing in the world, and then find a way to make it better.

The Concorde retired from service in 2003. Only twenty were ever built. They are museum pieces now, their drooping noses pointed at tourists who will never hear the crack of a sonic boom. But in 1987, one of those twenty Concordes belonged, for a few glorious weeks, to Barney Ebsworth and the lucky passengers of INTRAV — people who paid a small fortune for the privilege of circumnavigating the globe at sixty thousand feet, wrapped in the finest travel experience money could buy.

When INTRAV was eventually sold to the Swiss travel giant Kuoni, the price was one hundred and fifteen million dollars. The boy from one and a half paychecks had built a company worth nine figures. And he was just getting started.

• • •
Chapter Ten
Small Ships, Big Oceans

While the cruise industry was building floating cities — ships that carried four thousand, five thousand, six thousand passengers, ships with shopping malls and surf pools and zip lines — Barney went the other direction. The Clipper ships were small enough to enter harbors the mega-ships couldn’t reach, intimate enough that every passenger could learn the captain’s name, and curated so carefully that the onboard naturalist knew more about the coastline outside the window than most university professors.

The Yorktown Clipper and the Nantucket Clipper were not glamorous ships. They were not the kind of vessels that appeared in television commercials with fireworks and champagne towers. They were working expedition ships — sturdy, well-designed, purpose-built for places where the ocean got interesting. The rivers of the American South. The fjords of Alaska. The channels of the Pacific Islands.

Photograph
The Yorktown Clipper navigating a coastal waterway, circa 1990s. Clipper Cruise Line: 100–140 passengers, expert lecturers, destinations the big ships couldn’t reach.
Source: Clipper Cruise Line archives / cruise history collections

The philosophy was pure Ebsworth, and it was the same philosophy he would apply to art: do not try to be the biggest. Try to be the best. Do not compete on scale. Compete on quality. Let the other companies carry ten thousand passengers to the Bahamas. We will carry a hundred and twenty to the places they’ve never heard of, and we will show them things they will remember for the rest of their lives.

It was INTRAV on water. It was the Louvre weekends made commercial. It was the quarter-miler’s discipline applied to the hospitality industry. And it worked, not because it was clever, but because Barney genuinely believed that smaller was better — that a hundred people sharing an extraordinary experience were more valuable, to themselves and to the world, than ten thousand people sharing an ordinary one.

He would apply this exact principle to art collecting. Not the most paintings. The best paintings. One Hopper instead of fifty lesser works. One de Kooning instead of a warehouse of also-rans. The Clipper ships were a floating manifesto for the Ebsworth philosophy: less, but better. Always better.

• • •
Chapter Eleven
The Bear

In the early 1990s, a woman named Maxine Clark walked into a meeting with an idea that most investors would have dismissed as preposterous: a store where children could build their own stuffed animals. Not buy a stuffed animal off a shelf. Build one. Choose the skin, stuff it, stitch it, dress it, name it. A factory experience for children. A birthday party disguised as retail.

Through his firm Windsor, Inc., Barney Ebsworth and his partner Wayne Smith invested four and a half million dollars for a twenty percent stake in Clark’s startup. Build-A-Bear Workshop opened its first store in the Saint Louis Galleria in 1997.

It became a global phenomenon.

Photograph
A Build-A-Bear Workshop store, late 1990s. Barney Ebsworth invested $4.5 million in the startup. It became one of the most beloved retail brands in America.
Source: Build-A-Bear Workshop / retail archive photography

At its peak, Build-A-Bear had over four hundred stores in the United States, Canada, the United Kingdom, and beyond. The company went public. The brand became a cultural institution — every American child of a certain generation can remember the particular thrill of choosing a limp, empty bear skin, stepping on the pedal that filled it with stuffing, selecting a tiny heart to place inside, and giving their new companion a name.

It is, on the surface, the most un-Ebsworth investment imaginable. Barney, the man who collected Hoppers and de Koonings, the man who chartered Concordes and built cruise ships, the man who dined with presidents — investing in teddy bears?

But look closer. Build-A-Bear was not about stuffed animals. It was about the experience of making something. It was INTRAV in a toy store. The product wasn’t the bear. The product was the feeling of creating the bear — the same way INTRAV didn’t sell tickets, it sold arrivals. The same way Barney didn’t buy paintings, he bought the experience of seeing them.

Barney Ebsworth understood, perhaps better than any businessman of his generation, that the most valuable thing you can sell a human being is a feeling. He sold it on cruise ships. He sold it on Concordes. He sold it in Build-A-Bear stores. And he accumulated it, painting by extraordinary painting, on the walls of his home on Lake Washington.

Four and a half million dollars for twenty percent of Build-A-Bear Workshop. It was, by the standards of the Ebsworth portfolio, a modest investment. But it revealed the man completely: always looking for the experience, always betting on the feeling, always trusting that the American hunger for something real and personal and handmade would outlast any economic cycle.

The bears are still being built.

• • •

Part III

The Eye

Chapter Twelve
Quality, Quality, Quality

Here is the decision that made Barney Ebsworth one of the most important art collectors of the twentieth century, and it was so simple that most people, hearing it described, wonder why no one else thought of it first.

Barney looked at the art market in the 1970s and 1980s and saw a battlefield. The great European masterworks — the Picassos, the Monets, the Van Goghs — were being swept up by billionaires with essentially limitless budgets. J. Paul Getty had built a museum to hold his collection. Eli Broad was amassing modern European art on a scale that no private collector could match. Ronald Lauder, heir to the Estée Lauder fortune, would eventually pay one hundred and thirty-five million dollars for a single Klimt.

Barney was rich, but he was not that kind of rich. He had INTRAV money, not oil money, not cosmetics money, not technology money. He could not outbid the Gettys or the Lauders. He could not compete at the highest levels of the European art market. But he could do something else — something that, in retrospect, was genius.

He could own the best American art in the world.

Gallery
The Ebsworth Collection installed at the Seattle Art Museum, on loan. American Modernist masterworks lining the gallery walls — Hopper, de Kooning, O’Keeffe, Pollock, Johns, Warhol, Diebenkorn, Calder, and dozens more.
Insert gallery installation photograph if available

American Modernism, in the 1970s, was drastically undervalued compared to European art. A great Hopper cost a fraction of a great Monet. A first-rate de Kooning could be had for what a second-rate Picasso commanded. The market had decided, with the unthinking snobbery of centuries, that European art was more important, more sophisticated, more worthy than American art. Barney thought this was nonsense.

He was right.

His strategy was devastatingly simple: buy only the finest example of each American master’s work. Not ten Hoppers. The best Hopper. Not five O’Keeffes. The best O’Keeffe. Not a warehouse of Abstract Expressionism. The single most important painting from each movement, each artist, each era of American art. He was building not a collection but a survey — a museum-quality narrative of American visual culture in the twentieth century, told through individual masterpieces rather than bulk accumulation.

It was the Clipper Cruise Line approach applied to art: not the most, but the best. Not the biggest, but the most carefully chosen. And it worked spectacularly — not only as an aesthetic achievement but as a financial one. By 2018, the market for American art had caught up to Barney’s conviction. The paintings he had bought for hundreds of thousands of dollars were now worth tens of millions. Chop Suey, which Barney had acquired decades earlier, sold for ninety-one million, eight hundred and seventy-five thousand dollars.

Quality, quality, quality.

• • •
Chapter Fourteen
Chop Suey

Let us look at the painting.

Two women sit at a table in a Chinese restaurant. One faces us; the other has her back turned. Between them, a teapot. Above them, through the window, the neon glow of a sign — only the word “SUEY” is visible, the “CHOP” cut off by the edge of the canvas. The light is winter light — pale, specific, the kind of light that makes cities beautiful in January when everything else about them is miserable. The women are dressed for the 1920s. Their hats, their coats, their posture — everything says a specific time and place. And yet the painting transcends its time completely.

The Masterpiece
Edward Hopper, Chop Suey, 1929. Oil on canvas, 32 × 38 inches. The crown jewel of the Ebsworth Collection. Sold at Christie’s on November 13, 2018, for $91,875,000.
View on WikiArtWikipedia

Edward Hopper painted Chop Suey in 1929. He was forty-seven years old, at the height of his powers, and he was doing what he did better than any American artist before or since: painting loneliness. Not the dramatic loneliness of an empty room or a solitary figure on a cliff, but the subtler loneliness of two people sitting together in a public place, each lost in her own thoughts, connected by proximity but separated by the invisible walls that human beings build around themselves even when they are sharing a table.

This is what Barney saw when he looked at the painting. Not a restaurant. Not two women. Not the 1920s. He saw the American condition rendered in light and silence — the particular American loneliness of being surrounded by people and yet feeling, at some fundamental level, alone. Hopper painted this feeling over and over — in diners, in hotel rooms, in gas stations, in movie theaters — and Chop Suey was his masterpiece of the genre.

Barney lived with this painting for decades. It hung on his walls, first in St. Louis and then at Hunts Point. He loaned it to museums so the public could see it. He understood, with the deep understanding of a man who had spent his weekends at the Louvre, that a painting this important does not belong exclusively to its owner. It belongs to everyone who has ever felt the particular ache that Hopper captured in those two women and that pale winter light.

On November 13, 2018 — seven months after Barney’s death — Chop Suey came up for auction at Christie’s in New York. The room was full. The phones were manned. The bidding was conducted in that peculiar art-auction language of slight nods and raised paddles, the kind of coded communication where a twitch of the finger can mean ten million dollars.

The hammer fell at ninety-one million, eight hundred and seventy-five thousand dollars.

It was a record for Edward Hopper. A record for any pre-war American artwork. A record for the Ebsworth Collection, though it would not be the last record set that night. And it was, in some unquantifiable way, a vindication of every weekend Barney had spent at the Louvre, every painting he had studied with those extraordinary self-taught eyes, every decision he had made to buy not the most art but the best art.

Ninety-one million dollars for two women in a Chinese restaurant.

Quality, quality, quality.

• • •
Chapter Fifteen
O’Keeffe’s Witness

Georgia O’Keeffe painted the desert the way God would have painted it if God had better taste — vast, stripped bare, so elemental that looking at her canvases felt less like seeing art than like remembering something you had forgotten you knew. Bones. Sky. Flowers magnified until they became landscapes. The American Southwest rendered not as geography but as feeling.

Barney collected her work extensively. He served on the board of the Georgia O’Keeffe Museum in Santa Fe. But his relationship with O’Keeffe went far beyond the transactional bond between collector and artist’s estate. When Barney married his second wife, Patricia Ann “Trish” Kloepfer, around 1981, they held the ceremony at O’Keeffe’s home in Abiquiu, New Mexico — that austere adobe compound where O’Keeffe had lived and worked for decades, the house with the famous door that she painted over and over, the house that was itself a work of art.

And Georgia O’Keeffe stood as the witness.

Reference
Georgia O’Keeffe at her home in Abiquiu, New Mexico. This is where Barney married Trish Kloepfer, with O’Keeffe as the witness to their vows.
View O’Keeffe at WikipediaO’Keeffe Museum

Consider what this means. One of the most important American artists of the twentieth century — a woman who had redefined how Americans saw their own landscape, who had been photographed by Stieglitz and celebrated by the world, who was, by 1981, an American icon of the first order — stood in her own home and watched Barney Ebsworth get married. She signed the document. She blessed the union.

When Barney’s O’Keeffe painting, Lake George with Crows, sold at Christie’s for eleven million, two hundred and ninety-five thousand dollars, it set an auction record for the artist. But Barney would have been the first to tell you that the painting’s value to him had nothing to do with the number on the receipt. Its value was in the fact that the woman who painted it had stood at his wedding. The art was not separate from the life. The life was the art.

• • •

Part IV

Power

Chapter Eighteen
July Fourteenth

Some friendships are forged in circumstance — in shared offices or neighboring desks or the accident of living on the same block. The friendship between Barney Ebsworth and William H.T. “Bucky” Bush was forged in something deeper: a shared birthday, a shared city, and a shared understanding that St. Louis — for all its quiet, Midwestern modesty — was a place where serious men did serious things.

Barney was born on July 14, 1934. Bucky Bush was born on July 14, 1938. The same day. The same date. Four years apart. It is the kind of coincidence that, in a novel, a reader would find too convenient. In life, it became the foundation of one of the most consequential friendships in late-twentieth-century American politics.

Because Bucky Bush was not just any St. Louis businessman. He was the youngest brother of George Herbert Walker Bush — the forty-first President of the United States, the former CIA director, the World War II Navy pilot, the patriarch of the most powerful political dynasty in America since the Kennedys.

Photograph
William H.T. “Bucky” Bush, St. Louis businessman and youngest brother of President George H.W. Bush. Barney’s best friend. Same birthday: July 14.
Insert photograph of Bucky Bush, or Bucky with Barney

Through Bucky, Barney was connected to the highest levels of American power. Not as a supplicant or a hanger-on, but as a peer — a fellow St. Louisan, a fellow man of substance, a friend of the family. Bucky brought Barney into the Episcopal Church in 1991. “George Bush’s youngest brother, Bucky Bush, was a great friend of mine, and he took me to the Episcopal Church,” Barney recalled in his Smithsonian oral history. The sentence is remarkable for its casualness — as though being personally guided to religion by the brother of the President of the United States were the most natural thing in the world.

For Barney, it was. By 1991, he had been building his empire for three decades. He had founded three travel companies. He had assembled one of the finest art collections in the country. He lived among the powerful and the wealthy as a matter of course. Having a Bush as your best friend was not, in the context of Barney Ebsworth’s life, particularly surprising. It was simply what happened when you were the kind of man Barney was — a man who attracted excellence the way certain paintings attract light.

Bucky Bush died on February 27, 2018. Barney Ebsworth died on April 9, 2018. Six weeks apart. The two friends, born on the same day four years apart, left the world within weeks of each other — as if even death could not entirely separate two men who had shared a birthday and a city and a friendship that connected art to politics, St. Louis to the White House, and one extraordinary life to another.

• • •

Part VI

Legacy

Chapter Twenty-Eight
An American Place

On the evening of November 13, 2018, in Christie’s salesroom on Rockefeller Plaza in New York City, seven months after Barney Ebsworth’s death, the auctioneer mounted the podium and began to sell the paintings.

The room was full. It was always full for a sale like this, but tonight it was electric. The art world had been waiting for the Ebsworth Collection to come to market for decades. Rumors about its eventual disposition had circulated for years — would the paintings go to the Seattle Art Museum, as Barney had at various times suggested? Would they be donated? Would they be broken up? The answer, delivered by Barney’s daughter Christiane in her capacity as sole executor, was none of the above. They would be sold. All of them. In two nights. At Christie’s.

The auction was titled “An American Place: The Barney A. Ebsworth Collection.” The title was borrowed from Alfred Stieglitz’s legendary gallery on Madison Avenue, the gallery that had given Georgia O’Keeffe her first major exhibitions in the 1920s. It was a perfect title for a perfect collection — because what Barney had built was, in essence, a private museum of American visual identity, a single man’s argument that American art was as great, as important, as moving as any art produced anywhere in the world.

The Auction
Christie’s New York, November 13, 2018. The salesroom during “An American Place: The Barney A. Ebsworth Collection.” The total: $323.1 million. Thirteen artist records. The first auction recorded on blockchain.
Source: Christie’s press photographs • Browse results at Christie’s

The bidding began, and it did not stop for hours.

Chop Suey went first among the headline lots. Ninety-one million, eight hundred and seventy-five thousand dollars. A record. The room exhaled. Then de Kooning’s Woman as Landscape: sixty-eight million, nine hundred and thirty-seven thousand, five hundred dollars. Another record. Then the Hoppers, the O’Keeffes, the Hartleys, the Pollocks, the Calders, the Johnses — painting after painting, each one the finest of its kind, each one bringing prices that reflected not just the quality of the work but the quality of the collection it came from. Provenance matters in the art world, and there was no provenance more desirable in American art than “from the collection of Barney A. Ebsworth.”

When the hammer fell for the last time, the total stood at three hundred and twenty-three million, one hundred thousand dollars. Thirteen artist auction records had been set. The sale was the first in history to be recorded using blockchain technology. And the collection that Barney had spent fifty years building — painting by patient painting, quality by stubborn quality — was dispersed to museums, collectors, and institutions around the world.

It was, the critics agreed, the most important single-owner sale of American art in the history of auctions.

Barney would have approved of the prices. But what would have mattered to him more was that the paintings were back in the world — hanging on new walls, being seen by new eyes, doing what great art does: making people feel something they cannot name but will never forget. He had held them for half a century. Now it was someone else’s turn.

Quality, quality, quality.

Three hundred and twenty-three million dollars’ worth.

• • •
Chapter Thirty
One and a Half Paychecks

Let us count what the boy from one and a half paychecks built.

Three travel companies. A fleet of cruise ships. A supersonic trip around the world. An investment in a teddy bear company that became a global brand. A friendship with the brother of a president. A friendship with Georgia O’Keeffe. A home next door to Bill Gates that Jeff Bezos bought for thirty-seven and a half million dollars. A sculpture that stands forty-six feet tall on the shores of Puget Sound. A chapel designed by Tadao Ando that was never built. A Smithsonian oral history that preserved his story for generations he would never meet.

And the paintings. Always the paintings.

Photograph
Barney A. Ebsworth at home in Hunts Point, surrounded by the American masterpieces that defined his life and legacy. The art and the man, inseparable.
Insert final portrait of Barney with his collection

Edward Hopper. Willem de Kooning. Georgia O’Keeffe. Jackson Pollock. Jasper Johns. Andy Warhol. Robert Rauschenberg. Richard Diebenkorn. Alexander Calder. Franz Kline. Joan Mitchell. Charles Sheeler. Marsden Hartley. Alice Neel. David Hockney. Ellsworth Kelly. Forty-plus artists. Hundreds of works. The single greatest private collection of American Modernist art ever assembled — built not by a museum board or a foundation or a committee, but by one man with one set of eyes, eyes he trained himself at the Louvre on weekends when he should have been drinking beer.

Barney A. Ebsworth died on April 9, 2018, at his home on Hunts Point Road, on the shores of Lake Washington, with his wife Rebecca and his daughter Christiane beside him. He was eighty-three years old. Outside the window, the lake was doing what lakes do — reflecting the sky, holding the light, giving back whatever was given to it. Inside the house, the paintings hung on their walls, silent and permanent, waiting for whatever came next.

What came next was Christie’s. What came next was three hundred and twenty-three million dollars. What came next was the dispersal of a collection that had taken fifty years to build, scattered in a single night to buyers who would hang the paintings in new rooms and see them with new eyes.

But that was later. On April 9, 2018, in the last hours of his life, Barney was home. The art was on the walls. The lake was outside the window. And the boy from one and a half paychecks had become — improbably, irrevocably, against every reasonable expectation — the man who owned the most beautiful American paintings in the world.

My eyes were my mentors.

They were.

End

Appendices

Sources & References

Sources and Acknowledgments

Primary Sources

  • Smithsonian Archives of American Art: Oral History Interview with Barney A. Ebsworth, 2017 — aaa.si.edu
  • Christie’s: “An American Place: The Barney A. Ebsworth Collection” auction catalog, November 2018 — christies.com
  • Family accounts and oral history from Paul Terry Walhus, Barney’s cousin
  • Olson Kundig Architects: Ebsworth Residence documentation

Secondary Sources

  • Seattle Times obituary and estate coverage
  • St. Louis Post-Dispatch obituary
  • Art market coverage: ARTnews, The Art Newspaper, Artnet
  • Forbes / Bloomberg wealth profiles
  • Frauenthal family history: barneyfrauenthal.com
  • Walhus family history: walhus.com

Art References

Acknowledgments

This biography was written by Paul Terry Walhus, Barney’s cousin through the Gapen sisters, It is part of the WholeTech Network and represents the research foundation for a planned print biography.

For the full Frauenthal family history: barneyfrauenthal.com

For the Walhus family history: walhus.com

Copyright © 2026 Paul Terry Walhus. All rights reserved.

“My eyes were my mentors.”

The extraordinary true story of how a boy who grew up on one and a half paychecks in Depression-era St. Louis — whose father played cricket because he’d grown up at Buckingham Palace — built cruise lines, charted Concordes around the world, invested in Build-A-Bear, befriended presidents, lived next door to Bill Gates, and assembled an art collection worth $323 million.

barneyebsworth.com • barneyfrauenthal.com • Part of the WholeTech Network

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