LONDON — Sometimes art can be difficult to understand. Sometimes the art market can be even more baffling. Back in December, the contemporary dealer David Zwirnersaid in a New Yorker profile that art was “an industry in its golden age.” His point seemed to have been proven during the June 17 preview of the Art Basel fair in […]
In early May, Christie’s invited a group of 18 new collectors from China to visit New York. The auction house escorted the guests on guided tours through the Museum of Modern Art, arranged VIP tickets to a local art fair and threw a lavish dinner in the Rockefeller Center ballroom of Christie’s. Auctioneers also reserved […]
When artists agree to be represented by a gallery, they usually work out with the gallery owner such matters as the amount of the dealer’s commission; how often their work will be exhibited in solo or group shows; the price of their artworks; that sort of thing. Another expectation, usually not as explicitly stated but increasingly […]
PARIS — One cloudy afternoon this month, the line to enter the Louvre stretched around the entrance pyramid, across one long courtyard and into the next. Inside the museum, a crowd more than a dozen deep faced the Mona Lisa, most taking cellphone pictures and selfies. Near the “Winged Victory of Samothrace,” Jean-Michel Borda, visiting […]
Standing before Marc Quinn’s looming Myth Venus sculpture in front of Christie’s Rockefeller headquarters last night was a masked protester holding a large poster that readF*** U. It was a parody of Wade Guyton’s 2005 Untitled that sold for $3.52 million just hours later at the live-streamed “If I Live I’ll See You Tuesday” auction, which included 35 contemporary artworks from blue-chip […]
Convinced that consumers are finally ready to shop online for Picassos and choice Persian rugs in addition to car parts and Pez dispensers, Sotheby’s, the blue-chip auction house, and eBay, the Internet shopping giant, plan to announce Monday that they have formed a partnership to stream Sotheby’s sales worldwide. Starting this fall, most of Sotheby’s […]
An early Damien Hirst painting titled Bombay Mix has become the source of controversy London, reports the BBC. The artist is blocking the sale of the piece, claiming that his company, Science Ltd, still holds the certificate for the spot painting, which was painted directly on the wallpaper of a London house in 1988, and is therefore the piece’s […]
As a business model, the art gallery occupies a unique position. Functioning as the bridge between art’s existence as a commercial enterprise and its role as a philosophical pursuit, a gallery, unlike other businesses, has a measure of success that is completely divorced from its financial earnings: by championing important artists, and putting on daring […]
Art Basel and the London summer auctions are behind us, and the auction market continues to hit unprecedented peaks. But today’s records and art stars came straight out of yesterday’s headline-grabbing auctions. With that in mind, we take a look back at some major milestones of the last few decades—from the 1973 sale that arguably […]
BASEL, Switzerland — Art Basel, the world’s pre-eminent fair devoted to modern and contemporary works, opened its doors to V.I.P.s on Tuesday. But by then plenty of business had already been done by many of the 285 exhibiting dealers. Hundreds of thousands of digital images had been emailed to collectors, advisers and curators, giving them […]
In “Selfie Poetics,” Andrew Durbin considers the recent rise of the selfie and poetics in the art world, rethinking how artist-poets self-image through language on the Internet. Against coherency, selfie poetics not only disrupt traditional notions of the poetic, they revise our definition of the self-portrait, too, reimagining our destabilized subjectivity as critically dependent on […]
It’s hard to tell whether Wade Guyton is inadvertently steering the conversation away from his art and toward his market or whether the artist has simply fallen prey to the Barbra Streisand effect where the more one tries to deflect attention to an event, the greater the interest. By now we’re all familiar with Guyton’s […]
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 […]
BASEL, Switzerland — The sales register continued to ring for modern and contemporary art at the 45th edition of Art Basel, though at a slower pace than the frenetic action on Tuesday and Wednesday, when attendance was limited to VIP card holding guests. Some seasoned observers say Basel is a one-day fair, meaning a lot of […]
The Art Newspaper: What characterises the art of our time? Harald Falckenberg: In recent years, art has become ever more dominant with large-scale public events and huge prices for important works that only a few wealthy people, leading art institutions and multi-national companies can afford. Having emerged from the 1960s avant-garde’s goal of anchoring popular […]
Artists and curators have embraced ceramics, but collectors need a little more convincing. Are ceramics, long relegated to the realm of craft, finally getting their due? Clay and porcelain works by artists including Josh Smith, Mai-Thu Perret, Rachel Kneebone and Thomas Schütte are in abundance at Art Basel this year, and sales were brisk yesterday […]
On a recent spring morning, some 90 minutes before the Metropolitan Museum of Art opened, Dave Krugman, a 26-year-old photo retoucher from Bushwick, Brooklyn, ushered six friends into its cavernous halls through a side door near East 81st Street. Unimpeded by crowds, they roamed the world-famous exhibitions. Mr. Krugman photographed his fellow adventurers posing above […]
In the cultivated wilds of the art world, one complex beast—omnivorous yet finicky, gentle-seeming yet quick to strike—sits at the center of the ecosystem: the collector. Often found at watering holes known as art fairs, where they feed on champagne and aesthetic goods (often shiny ones), these curious specimens of fascination come in many discrete […]
How do Dubai, Istanbul, or Hong Kong differ from the “traditional” hubs of London and New York? How can artistic activity and its economic corollaries be encouraged? Such were the questions put to a panel chaired by the indefatigable art market expert Georgina Adam at Christie’s London on May 27. Art Dubai director Savita Apte, art critic […]
Is there anything left to say about Richard Prince‘s notorious “Canal Zone” paintings and their attendant legal controversy? The case was finally settled, leaving its effect on copyright law uncertain. Art-world scolds who railed against Prince’s appropriation of photographer Patrick Cariou’s Rastafarian images have moved onto new causes. The dozen or so pictures, looking as if some of them might be […]