10 Tips For Newly-Minted Tech Millionaire Art Collectors

Are you a newly-minted tech millionaire with cash to burn and an urge to start an art collection?  If so, you’re the unicorn that every art dealer in America is hoping to take for a ride. Why else would mega-galleries like Gagosian, Pace, and David Zwirner be making it out to the Seattle Art Fair this summer? They’re looking to […]

Soaring Art Market Attracts a New Breed of Advisers for Collectors

For decades, art advisers were a small club of professionals who personally helped build collections for clients, using their scholarship and connoisseurship. Their role was to consult and offer expertise, rarely to make deals. But the rapidly changing art market — characterized by soaring prices, high fees and a host of wealthy new buyers from […]

The Broad’s Big Debut

LOS ANGELES – Eli Broad is a man with a reputation for getting things done. After building two Fortune 500 companies from the ground up, he transferred his drive to philanthropy about fifteen years ago; his achievements have since included almost single-handedly creating a cultural centre for downtown Los Angeles, including its monumental anchor – the Frank […]

artnet news’ Top 10 Most Expensive Living Women Artists 2015

Our living ladies span four continents, with work that at times reflects the diversity of their geographical profiles. Using data drawn from the artnet Price Database over the past ten years, there are some shifts from our previous report. Three newcomers join the list, two are no longer on it, and Cady Noland still holds […]

Is Theaster Gates America’s most exciting artist?

Though he has produced pottery and paintings, sculptures, music and video works, Theaster Gates is best known, as we put it in our new monograph, for projects that “bridge the gap between art and life and encourage change by reaching beyond a traditional art audience.” He saved remnants of derelict churches, created black-tar paintings in […]

At White Cube, Sculptor Marc Quinn Turns Over a Thoughtful New Leaf

Marc Quinn’s last London show, five years ago, featured figurative sculptures of defiantly non-Classical subjects including pregnant men, women with penises and a lady called Chelsea Charms who apparently has the dubious honor of possessing the largest breasts on planet earth (although the fickle nature of this kind of fame means she may no longer […]

From Duchamp to Demand: 10 Masterpieces That Show the Evolution of Conceptual Art

In a 1967 Artforum article titled “Paragraphs on Conceptual Art,” the artist Sol LeWitt gave a simple definition for what would soon become one of the crucial facets of contemporary art in the 20th century and beyond. “In conceptual art,” he writes, “the idea or concept is the most important aspect of the work….The idea […]

Marc Quinn: Evolving as an Artist and Social Chronicler

LONDON — Marc Quinn led the way through his East London studio late last month, past a marble sculpture of a fetus, a photorealist painting of raw meat and a bronze statue of Kate Moss in a yoga position. Entering his workroom, he casually walked over distorted three-dimensional canvases of seascapes strewn across the floor. […]

What was good for the Medicis is good for banks

Global companies with an eye on the bigger picture invest in contemporary creations.  Just beyond the turnstiles of Deutsche Bank’s London reception sits a large object resembling several huge dollops of creamy Plasticine. As the viewer comes close, it turns out to be a sculpture made entirely of dice. “Secretions” (1998) by British artist Tony […]

Theaster Gate’s Ambitious New Chicago Arts Centre

In October 2012, Chicago-based artist Theaster Gates bought a 70,000-square-foot building from the City of Chicago. Constructed in 1923, the building was previously Stony Island Trust & Savings Bank, located between Chicago’s Greater Grand Crossing and South Shore neighborhoods. The city was ready to demolish it; Gates couldn’t let it go. The cost for this fixer-upper, […]

James Lee Byars “The Figure of Death and The Moon Column” at Micheal Werner Gallery, New York and “The Diamond Floor” at Micheal Werner Gallery, London

Throughout his prolific career Byars pursued with tireless curiosity his life-long obsessions with ideal form and a personalized notion of “perfect”. Death and the eternal are related concepts Byars explored in several important performances and sculptures. These recurrent themes are given particularly poignant expression in the works on view at Michael Werner. The Figure of […]

Art, Not Sotheby’s Profit, at Records in Fight for Works

The art market is going from record to record, so why aren’t the auction houses making more money? Sotheby’s reported an unexpected second-quarter decline Friday in part because it lost money on a painting that sold for less than anticipated. The news sent its shares down 7.5 percent to $37.49 in New York on Friday, […]

An Introduction to Process Art (Or, How Minimalism Went From Pretty to Gritty)

The common refrain, “It’s the journey, not the destination,” could make a perfect catchphrase for Process Art. A movement that arose in the 1960s and ’70s and has since expanded in definition to describe a general philosophical approach to making art, Process Art places its emphasis on the process and act of artistic creation rather than the […]

100 Antony Gormley Bodies Take Over Fort in Florence

Brunelleschi’s Dome, the architectural marvel that is in Florence’s Piazza del Duomo, may be one of the most breathtaking sights you’ll ever encounter. Staging an art exhibition that can successfully compete with a view of that iconic building is a tall order, but Antony Gormley‘s current show, “Human” is up to the challenge. Perched on a hill overlooking […]

8 Secrets to Larry Gagosian’s Success Revealed

Larry Gagosian has built a veritable art sales empire. From humble beginnings as a poster salesman in 1970s Los Angeles, Gagosian has climbed his way to the top. He currently operates 15 spaces in New York, London, Los Angeles, Rome, Athens, Hong Kong, Paris, and Geneva, where he represents some of the biggest names in contemporary […]

The Guerrilla Girls, After 3 Decades, Still Rattling Art World Cages

When you’ve spent 30 years wearing a gorilla mask, as the women known by the aliases Frida Kahlo and Käthe Kollwitz have, certain behavior becomes second nature. So there were Kahlo and Kollwitz, two of the pseudonymous founding members of the Guerrilla Girls, the activist, feminist art collective, preening and posing at their 30th anniversary […]

At Seattle’s First Art Fair, Dealers Chase Elusive Tech Money

BAC’s last posting re the Seattle Art Fair … Seattle has suffered an inferiority complex and craved a place at the international — or even national — art world table for as long as I’ve been here, and both Seattle Art Fair and Out of Sight stepped up, with remarkable esprit, to finally do something […]

artnet News’ Top 10 Most Expensive Living British Artists at Auction 2015

This summer, we’re taking a look once again at the top ten British artists over the past ten years. Looking at the artnet Price Database, we kick off with the top artists by lot, and then give a list of artists by value over the same period. Comparing it to last year’s ten-year look at […]

Why do so Many Art Galleries Lose Money?

The art business is booming, but many galleries are barely getting by. One German expert thinks he knows the answers. On Tuesday, the highly respected Wallspace gallery in Manhattan’s Chelsea neighborhood announced it would close its doors permanently on Aug. 7. The lease was up, and “it necessitated a reevaluation,” said Jane Hait, who co-founded the space with Janine […]

Seattle Art Fair Receives a Boost From Tech’s Big Spenders

SEATTLE — Paul Allen came ready to shop. Mr. Allen, a billionaire co-founder of Microsoft and one of this city’s major cultural patrons, strolled the aisles of the inaugural Seattle Art Fair on Thursday, looking to add to his formidable art collection.  “Just walking around, I’ve probably seen a half-dozen paintings that I would consider,” […]