‘Jean-Michel Basquiat’ at the Brant Shows His Bifurcated Life

A few years ago, a plaza in Paris was named after the artist Jean-Michel Basquiat, the Brooklyn-born painter who became a global sensation in the early 1980s and died at 27 of a heroin overdose. No similar honor has been bestowed upon Basquiat by the City of New York. However, the opening of the Brant Foundation Art […]

We’ve Been Looking at Jean-Michel Basquiat All Wrong. He Was a Conceptual Artist, Not an Expressionist—and Here’s Why

An exhibition at the Brant Foundation’s New York space reveals how much he had in common with Jenny Holzer and Hans Haacke. Over the years, the biggest fans of Jean-Michel Basquiat have had a strange way of showing their affection: They’ve just about drowned him and his work in tired romantic clichés. He’s supposed to be a […]

The overpriced world of bad art

In May 2013, German artist Gerhard Richter broke his own record when his 1968 painting “Domplatz, Mailand,” which looks like a fuzzy black-and-white photograph, sold at auction for $37 million, the highest amount for any living artist. It was a record he held for six months, until Jeff Koons’ “Balloon Dog” smashed it, selling for […]

Adventures in art-market commodification, enhanced hammer edition

Back in 2012, I wrote a post with the headline “How Larry Gagosian is like Goldman Sachs”. The general idea was that both of them use their relationships and their balance sheet to make money off and/or with their clients. Since then, as Christian Viveros-Fauné says, the art world has become even more coterminous with the art market: “Business […]

The (Auction) House Doesn’t Always Win

Christie’s and Sotheby’s Woo Big Sellers With a Cut When Christie’s sold Jeff Koons’s “Balloon Dog (Orange)”for $58.4 million in November, it seemed as if the auction house had just earned a pretty penny.  After all, Christie’s, like other auction houses, typically charge commissions to buyers and sellers, which for high-priced works might be an […]