Emerging Art Cools Down

LONDON — The art market is a notoriously opaque business. And over the past couple of years the highly speculative trade in emerging artists has given off plenty of heat. In 2014, recently made works by young abstract painters like Oscar Murillo, Lucien Smith, Alex Israel, Mark Flood and Christian Rosa were being “flipped” at […]

Buy! Sell! Liquidate! How ArtRank is shaking up the art market

Controversial website ArtRank treats art like a commodity – tipping investors off about who’s hot and who’s toxic. Site founder Carlos Rivera talks bubbles, bonuses and backlashes. A few years ago, Carlos Rivera was a virtual unknown, even in the art circles where he earned his living. He was just another gallerist, running a West […]

Zombies on the Walls: Why Does So Much New Abstraction Look the Same?

For the past 150 years, pretty consistently, art movements moved in thrilling but unmysterious ways. They’d build on the inventions of several extraordinary artists or constellations of artists, gain followings, become what we call a movement or a school, influence everything around them, and then become diluted as they were taken up by more and […]

Saltz on Stefan Simchowitz, the Greatest Art-Flipper of Them All

The past year has seen collectors and auction houses creating their own art market. They’re essentially bypassing dealers, galleries, and critics, identifying artists on their own, buying works by those artists cheaply in great numbers, then flipping them at vastly higher prices to a network of other like-minded speculator-collectors. Thus, we’ve seen the rise of […]

Cultural Entrepreneur Stefan Simchowitz on the Merits of Flipping, and Being a “Great Collector”

If you bring up the name Stefan Simchowitz in the company of art dealers, collectors, advisors, or other professionals, you are bound to get a vigorous reaction. A producer of Hollywood movies like “Requiem for a Dream” and a co-founder of MediaVast, the photo-licensing site that was sold to Getty Images in 2007 for $200 million, Simchowitz is one of […]