At this year’s Talking Galleries symposium in Barcelona, the debates boiled down to a few core issues. Here they are: 1. The Scale and Pace of the Gallery Sector Have Become Cancerous for Many. 2. Different Tiers of Galleries Are Now Playing Different Games With Different Rules. 3. The Art Industry Must Break Out of […]
With the explosion of art fairs around the world, there’s only one way for the most enterprising collectors to navigate the year: strategize, strategize, strategize. To help, we’ve compiled a list of the most significant art fairs around the world, from New York to New Delhi.
Flaky winning bids are knocking the gloss off record-breaking sales. Shortly before Christie’s sale of post-war and contemporary art in New York on 15 November 2017, the auction house learnt of a potential new bidder: a little-known Saudi prince, Bader bin Abdullah bin Mohammed bin Farhan al-Saud. According to the New York Times, a scramble […]
Hayward Gallery, London From raves to road trips, from the icecaps to the trading floor, from Amazon to the Rhine, these breathtaking panoramas take aim at globalism – and reinvent the very notion of photography. Over the last two decades, Andreas Gursky has become the most significant image-maker of our time. Not just for the […]
This is Masters in Business with Barry Ritholtz on Bloomberg Radio. BARRY RITHOLTZ, ANCHOR, BLOOMBERG: This week on the podcast I have a special guest. Her name is Brooke Lampley. She was the former head of impressionist and modern art at Christie’s. She is the incoming Chairperson of Fine Art Sotheby’s and this is a […]
Exhibition of Colour Space paintings will open in March in the gilded state rooms of Houghton Hall in Norfolk. Damien Hirst is to take over the spectacular gilded state rooms of Britain’s finest Palladian mansion to show a new series of his long-running spot paintings. The Colour Space works, two of which can be seen here […]
The British artist Damien Hirst will exhibit new works from his series of spot paintings at a stately home in Britain. The exhibition, titled “Colour Space,” will open in March at Houghton Hall in Norfolk, in the southeast of England; the mansion was built in the 1720s for Britain’s first prime minister, Robert Walpole. Roughly 50 of […]
It was the peak of the 2014 fall auction season in New York, and though nearly two decades had gone by since Martin Kippenberger’s death of liver failure in 1997, the artist’s market had never been hotter. Prior to its bellwether postwar and contemporary evening sale, Christie’s had set the estimate for a prized 1988 […]
Hackers are stealing large sums of money from art galleries and their clients using a straightforward email deception. The Art Newspaper has so far identified nine galleries or individuals targeted by this scam. They include Hauser & Wirth, the London-based dealers Simon Lee, Thomas Dane, Rosenfeld Porcini and Laura Bartlett and, in the US, Tony […]
As the middle market shrinks, many dealers are finding they can’t afford to do fairs—but they can’t afford not to, either. Think art fairs are all about sold-out booths, comfortable shoes, and exclusive dinner invitations? Think again. For many small to mid-size galleries, fairs—like Art Basel in Basel, which opens to VIPs today—are an increasingly […]
The rise and fall of Damien Hirst is an oft-told tale of hubris and nemesis. An art-world superstar in the nineteen-nineties and early two-thousands, Hirst made white-hot works—the most infamous of which involved animals immersed in formaldehyde—whose prices only ever went up. He got rich, his galleries got rich, his collectors got rich, everybody was happy. But, then, […]
China has been described as “the largest growth market for the art business, anywhere.” See how auctioneers and dealers are tapping into it. In the past year alone, no fewer than six galleries have opened or announced plans to open an outpost or office somewhere in Asia. Amid announcement after announcement, it may feel like […]
FALSE EQUIVALENCE: Although I always advise caution about these reports, sales at this year’s freshly entombed Frieze and Frieze Masters were allegedly strong from the jump. Numerous exhibitors were eager to broadcast their results (or at least, pretend to) on VIP preview night. But rather than resurrect the issue of dubious honesty from self-interested actors in a consequence-free […]
He was slight and unassuming with a bushy mop of dark hair and deep circles under his eyes hinting at the alcoholic dissipation of a poète maudit. His voice was a suggestive murmur, both musical and raspy from smoking too much. Most people called him Dick. To friends he would announce himself as George, a […]
“Dealers are as important as the artists themselves,” the gallery owner Leo Castelli once said. “Hecannot exist without us, and we cannot exist without him.” Gendered language aside, Castelli’s remark captures the fragile symbiosis between those who make art and those who sell it. Lately, however, dealers have been having trouble keeping up their end of […]
Art collectors face a dilemma as they update their estate plans: What to do with a collection that is potentially worth hundreds of thousands or even millions of dollars? Whether they’ve bought the pieces as an investment or to fuel a passion, collectors heading into their retirement years are trying to figure out whether to […]
A giant marionette dangles on a chain, rats smoke, a boy dances in urine and the artist beats a man to death … a controversial new show explodes in a frenzy of cartoon sex and violence. A virtual reality headset over my eyes, headphones over my ears, a gallery assistant helps me grab the metal […]
LONDON — The art market is almost as old as art itself. But it’s only in the last decade or so, with increased globalization, digitization and the rise of art as a multibillion-dollar investment vehicle, that the market has been viewed as an industry. And where there is industry, conferences are sure to follow. On […]
Ever since the global financial crisis of 2008 and the art market’s subsequent decline a year later, the middle market has come under increasing pressure. According to economist Clare McAndrew’s Art Market | 2017 report, the middle market—defined for dealers as works priced between $5,000 and $50,000—is the “most difficult segment” in which to operate. […]
During his long, illustrious career, Robert Morris has constructed sculptures that startle, question, challenge and flout expectations. Since the early 1960s, he has made, in a range of materials, spare, geometric forms; Dada-like objects; ephemeral works; land art; environments with sound systems that play scripted narratives; proto-selfies; dramatic pastel pictures with elaborate sculpted frames; performance […]