Does Monet Beat the Dow? How Artworks Perform as an Investment

Everyone loves a story about collectors who bought art for a song and sold it for a million. Once in a blue moon, that actually happens. In the case of Impressionist art, though, dappled landscapes and dreamy portraits by Monet, Renoir, and Degas were oftentimes considered investments before the paint on the canvas had dried.   For answers, we […]

Rachel Whiteread review – accentuate the negative

Tate Britain, London Whiteread’s inside-out casts of everything from hot-water bottles to chicken sheds are poised between banality and a spellbinding poetry of the past. There is a small white shack on the lawn in front of Tate Britain. It looks exactly like the very thing it is, namely the concrete cast of a chicken shed. […]

Dick Bellamy: The Man Hiding at the Center of Everything

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 […]

When Dealers, Too, Were Romantics

“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 […]

Beyond Supply and Demand: How Artworks are Priced?

The pricing of artworks is not a simple matter. And while the basic economic principles of supply and demand do still apply to the art market, the factors that contribute to an artist’s “supply,” or the availability of their art for sale, and an artist’s “demand,” or how many collectors are willing to buy their […]

How Artsy finally convinced galleries to sell fine art online

The move online has been one of the critical forces shaping the industry over the last decade, a disruption that happened slowly, and then suddenly. “It’s a huge change in what galleries have done. It’s been the biggest trend in the art market, next to art fairs, over the last ten years,” says Clare McAndrew, […]

WHEN WALTER HOPPS MET ANDY WARHOL AND FRANK STELLA

The innovative, iconoclastic curator Walter Hopps (1932-2005) was one of the most influential figures in mid-to-late-twentieth-century American art. He founded his first gallery in L.A. at the age of twenty-one and, at twenty-four, opened the Ferus Gallery with the artist Ed Kienholz, where they turned the spotlight on a new generation of West Coast artists. […]

‘People Are Too Stupid for Great Art’: Painter Markus Lüpertz on Why the Avant-Garde Will Always Fail

You’re often viewed as controversial—especially in Germany—because of your willingness to address difficult subjects, both in the content of your work and the press. How do you deal with that perception? I can’t really comment on my reputation because the reputation is in no way justified. I’m a peaceful, happy, cheerful, elderly gentleman, except for […]

Ellsworth Kelly, Abstract to the End

On the eve of his 90th birthday in 2013, Ellsworth Kelly told me that working in his studio in Columbia County was “as exciting for me as ever.” “I have had some physical challenges related to aging, though I accept it,” the painter said. “But it has given me an added surge for continuing to […]

Jordan Wolfson review – shock jock with a baseball bat

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 […]

Art Goes Political, but Will That Fly on the London Market?

This will be remembered as a year when art got seriously political. The Whitney Biennial in New York and the inaugural Athens edition of Documenta are just two of the high-profile exhibitions trying to convey and confront the tumult of our times. Dana Schutz’s painting “Open Casket,” showing the mutilated corpse of Emmett Till, the […]

Q & A with Jeff Koons on his new Gagosian show, his MOCA award and what’s behind those Louis Vuitton bags

Jeff Koons is having a moment — again. The artist’s solo show of new and recent works, his first here in five years, opens at Gagosian gallery in Beverly Hills on Thursday. He’s also being honored at the annual Museum of Contemporary Art gala on Saturday. When I went to art school, I was very […]

One Man’s Trash Is Damien Hirst’s Treasure: In Venice, the Artist Offers His Grandest Work Yet

Damien Hirst sold a lie, and he sold it very well. In the weeks leading up to his grand exhibition that now occupies all of the Punta Della Dogana and Palazzo Grassi in Venice, he gave out very little information: just a series of teasers on social media—Instagram footage of divers resurrecting unknown objects from […]

Here’s Why Damien Hirst’s Art Market Is Not as Terrible as It Looks

A deep dive into the British artist’s prices as he attempts a comeback. After years of sluggish auction prices, is Damien Hirst poised for a comeback? In 2008, the British artist bypassed the gallery system to bring 167 newly created artworks straight to the auction block. The unprecedented sale upended every market convention and raked […]

Damien Hirst, Treasures from the Wreck of the Unbelievable, review: this spectacular failure could be the shipwreck of his career

After months of speculation, rumour, and stage-managed hype, Damien Hirst’s latest extravaganza is finally opening in Venice – and, my goodness, it’s enormous. With 190 works of art, displayed across 54,000 square feet of gallery space, Treasures from the Wreck of the Unbelievable, as the exhibition is called, is arranged across two venues: Palazzo Grassi, […]

‘What Next?’ an Uncertain Art World Asks, Sticking to Proven Brands

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 […]

Beer with a Painter: Albert Oehlen

The long-reigning bad boy of German painting has consistently poked and prodded at whatever preciousness we associate with the medium. The long-reigning bad boy of German painting has consistently poked and prodded at whatever preciousness we associate with the medium. Early in his career, fueled by his association with Martin Kippenberger and other Junge Wildeartists, he […]

Recent London Gallery Closures Show Struggle at Art Market’s Middle

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. […]

A Whole Century Later, The Duchamp Fountain is Still Shaking up the Art World

Can One Make Works That Are Not “Works” of Art? This was a question asked by Duchamp in his notes from 1913, and remains being the essential question while considering the Richard Mutt Case. Exactly one hundred years ago, in 1917, the course of art history has been completely changed by a submission of a urinal […]

Odd Man in: The Sculptor Robert Morris, at 86, Is Still Blazing Trails

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 […]