Team Gallery’s Jose Freire on Why He Is Quitting Art Fairs for Good – Part I

The veteran art dealer explains why he has soured on the art market’s central apparatus. The central driver of the modern-day art market, at least when it comes to galleries, is art fairs. They promise efficiency: for a hefty booth fee (plus travel and shipping costs), dealers from around the world can convene in a […]

Young Painters Are Trying to Kill Me, Says the German Artist Albert Oehlen—But He’s Cool With It

As his new paintings and drawings go on view in Los Angeles and Berlin, the artist reflects on his experience as a young artist in Berlin in the ’70s. Albert Oehlen is something of a living legend. He might be 63, but his reputation as an enfant terrible remains. There’s something eternally youthful about the German painter, who first […]

5 Empowering Artworks (and Exhibitions) Made During the Civil Rights Movement

Ai Weiwei proclaimed that “art is a very important weapon to achieve human freedom.” When examining the civil rights movement, there is no doubt that art played a pivotal role in shaping and advancing the fight for equality. Throughout the era, countless artists reacted to issues of violent racism, segregation, and black identity in the United […]

Why Frieze Los Angeles Would Be Dead on Arrival (and Other Insights)

This week, our columnist draws on his LA gallery experience to chart the pitfalls of Frieze’s potential westward expansion. THE RUMOR On Thursday, Charlotte Burns and Allan Schwartzman reported in Art Agency, Partners’s “In Other Words” newsletter that “the Frieze Art Fair is looking to launch a Los Angeles event in January 2019.” A Frieze […]

State of the Culture, IV: Why the ‘Art World’ as We Know It Is Ending

In Part I of this series on the State of the Culture, I looked at the changing environment for museums; Part II was dedicated to the changing rules for artists; Part III examined the new dynamics of art media. In Part IV, I try to sum things up. Flaubert’s Dictionary of Received Ideas is a kind of parody of 19th-century cocktail-party clichés. There’s an […]

The Artist Who Invented the Upside-Down Painting

The market is on the up for Georg Baselitz, one of the world’s greatest-living painters, who celebrates his 80th birthday this year Expelled from art school aged 18, Georg Baselitz has gained a reputation as a provocateur, creating works that cause scandal and turn conventional approaches to painting, quite literally, on their head. Baselitz’s 80th birthday in January […]

Shock of the Nude

Turning bodies into paint brushes, Carolee Schneemann’s performances, films and art still startle, as a retrospective at MoMA PS1 shows. Some people in the art world say that #MeToo has gone too far. What modern misogynist will be yanked from museums next? Gauguin? Picasso? I say, sure, why not? Let’s set them aside for awhile, […]

Business, But Not As Usual

Tension in the Tectonic Plates Underlying the Market.  Everything you ever wanted to know about the art market but didn’t know who to ask The good news: the figures are big, demand is deep and there are more collectors buying art than ever. Meanwhile, there is real tension in the tectonic plates underlying the market. This […]

5 Disruptive Trends Art Galleries Need to Understand If They Want to Survive

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 […]

Attention, Art Collectors: Here Is the Definitive Calendar of International Art Fairs for 2018

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.

Should Museums Be Allowed to Sell Donated Works of Art?

Pity the big-time art collector (really!). All that time and money building a collection of art that is apt to go away just before or just after the collector dies. Because, when planning their estates, the three typical options for them are: The art can be willed to heirs who, if they like their parent’s […]

From Van Gogh to Richter—what happens when bidders fail to pay up at auction?

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 […]

How to sell a billion worth of art

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 […]

The Kippenberger Conundrum: How the Wildly Prolific Artist’s Artist Became an Eight-Figure Auction Darling

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 […]

Galleries hit by cyber crime wave

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 […]

Is Donald Trump, Wall-Builder-in-Chief, a Conceptual Artist?

Is Donald Trump a conceptual artist? That’s the intriguing possibility put forth in an online petition Tuesday that seeks to have the group of eight prototypes for Mr. Trump’s controversial Mexican border wall designated a national monument. The prototypes were built at a cost of $3.3 million in federal funds and unveiled last October along the United […]

Art-Fair Economics: Why Small Galleries Do Art Fairs Even When They Don’t Make Money

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 […]

Art is not a luxury product like Hermes bags: Larry Gagosian (Video)

Gagosian Gallery owner Larry Gagosian on Friday explained why he doesn’t consider art to be a “luxury good” and how the art world has benefited from globalization. “It’s not a luxury good. It’s not a luxury product. I mean it may appear to people who buy Hermes bags, but it’s not a Hermes bag. Sometimes […]

Passion, Not Profit, Is the Biggest Motivator for Collectors, a New Study Says

The surprising results from a new study by Swiss bank UBS suggest that profit is rarely a driving factor. With the 2017 edition of Art Basel in Miami Beach—also known as the art world’s Black Friday—in full swing, Swiss bank UBS has released an extensive survey of art collectors that explores what motivates them, how […]

The False Narrative of Damien Hirst’s Rise and Fall

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, […]