Julian Schnabel has occupied many roles through the years: the default figurehead of the star-studded 1980s art world; the fall guy for that era’s particular brand of monied hedonism; an Academy Award-nominated filmmaker; for some, the greatest painter of his time — and others, the most overrated. He’s experienced ups and downs with critical and […]
Artspace Article Published: April 3, 2016: Stretched out alongside the east flank of Central Park like a satisfied cat lying in the sun, the Upper East Side—longtime home to tycoons and celebrities—is still the most luxe neighborhood in New York City, where foreign billionaires plant their money in $100 million manses and ridiculous trend stories […]
There’s no question that contemporary art galleries are struggling these days. The market is sluggish, the essential handshake-based rules of the art trade are being confused by the proliferation of artworks on the internet, and, at the same time, competition for artists and a globalizing terrain are forcing dealers to take on more costs by […]
Barely a month goes by without the launch of an online initiative that aims to disrupt the art market and bring the “Uber and Airbnb effect” to art transactions. But witness the crowds pacing the aisles at a big-league art fair, or spilling out of the salesrooms during the evening auctions, and the impact of […]
Many say it was the 2011 exhibition at the Palazzo Grassi museum in Venice that first ignited art buyers’ interest in a young Romanian artist named Adrian Ghenie, whose heavy palette-knife paintings are haunted by historical figures like Stalin, Hitler and the Nazi doctor Josef Mengele. Then, in 2015, Mr. Ghenie drew more attention when […]
Every age gets the kind of gallery it deserves. In August of 2015, ex-gallerist, private dealer, art fair director, and author Ed Winkleman published his second book on contemporary art galleries in six years. Titled Selling Contemporary Art: How to Navigate the Evolving Market(Allworth Press), the book provides what an Amazon online review calls an […]
The notion that collectors sit atop the hierarchy of today’s art world is axiomatic. They build private museums and control the boards of traditional ones. Through their acquisitions, they determine the fates of artists, and often overshadow curators, historians, and critics—all those ink-stained intellectuals who used to play a larger role in determining art’s value. […]
These are early days, but the Hieronymus Bosch vision of a socioeconomic apocalypse that many feared would follow Britain’s June 23 vote to leave the European Union has yet to materialize. True, the pound has lost about 10 percent of its value against other major currencies, and a huge amount of political uncertainty still remains, […]
artnet News picks the top of the crop in the UK.
From Athens to Zurich, here are the European galleries. Part 1
From Athens to Zurich, here are the some of the best European galleries. Part 2
ArtList, an online platform for anonymous secondary market sales of art, is ceasing operations. In June, during the week of Art Basel, a British art appraisal company was set to sign a deal to acquire the New York-based start-up but it went awry on the very day that it was meant to be signed. The […]
Watch the Video, about 21 minutes
“CAN WE QUICKEN this up?” It’s lunchtime in New York and Larry Gagosian is hungry. It’s time for supper—or at least aperitifs—in Europe, where he recently did a three-week working tour of France, England, Germany and Switzerland, and it’s breakfast in Los Angeles, where last week he hosted his annual pre-Oscars opening at his Beverly […]
Galleries have always provided scholarly support for museums exhibiting their artists’ work. Now they’re expected to provide money, too. In today’s exploding art market, amid diminishing corporate donations and mounting exhibition costs, nonprofit museums have been leaning more heavily on commercial galleries for larger amounts of money — anywhere from $5,000 to $200,000 each time […]
Galleries like Sprüth Magers and Hauser Wirth & Schimmel quietly but fiercely compete for the city’s artists. The grand openings of the Los Angeles branches of European galleries Sprüth Magers and Hauser & Wirth (called Hauser Wirth & Schimmel), on 23 February and 13 March respectively, are sure to generate even more buzz about the […]
If a collector wanted to buy a Frank Stella at Art Basel Miami Beach last December, he could have walked up to the booth of New York’s Marianne Boesky Gallery, which represents Frank Stella. Or, he could have walked up to the booth of London and New York gallery Dominique Lévy, which also represents Frank Stella. […]
With unstable markets and cautious collectors, art dealers everywhere are adopting leaner strategies that make the most of their gallery’s resources. Driving 40% of annual gallery revenue, according to TEFAF’s 2015 Art Market Report, art fairs remain a crucial part of the bottom line, providing global reach without the need for multiple locations. The opacity of […]
Renowned photographer Donald Graham brought a federal complaint against Gagosian Gallery, Larry Gagosian, and artist Richard Prince on December 30 for unauthorized use of one of his famous images,Rastafarian Smoking a Joint, in the 2014 show “New Portraits.” Along with the black-and-white image of a Rastafarian man lighting a marijuana cigarette, which is the subject of […]
Judging from the number of seven, eight-, and even nine-figure prices at auction this past year, there is clearly no shortage of trophy-hunters around the world to continue powering the global art market boom. While money—and lots of it—is clearly a key prerequisite for collectors to play at the top level of the art game, […]