BAC is off to Frieze NY for the 3rd instalment of this excellent Fair (hopefully it will be a little less, ah, dramatic, this time…). Lots of other things are happening in New York at the same time, including the “satellite” Art Fairs: NADA, PULSE, and even “outsiders” are invited, to the Outsider Art Fair. […]
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 […]
Since 1974, when legendary photography historian John Szarkowski introduced New Japanese Photography to the Western audiences at the Museum of Modern Art, critics have lauded the work of this group of artists, from Shomei Tomatsu and Ken Domon to Nobuyoshi Araki and Daido Moriyami, for being exceptionally distinct from that of their Western counterparts.Often incomplete and fleeting in quality, these artists’ photographs are no less pronounced today in […]
Tracey Emin‘s sculpture My Bed (1998) is exactly what it sounds like: the work consists of the artist’s freshly slept-in bed, with crumpled pillows, disheveled sheets, and dirty tissues and other junk (including sanitary items, prophylactics, and liquor bottles) strewn around the footboard. When it debuted at 1999 at London’s Tate, it created an instant commotion in the […]
The painting caught Pei-Shen Qian’s eye, but it was the price that affected him deeply. Mr. Qian, browsing in a booth at a Manhattan art show a decade ago, had stumbled across his own work: a forgery of a modern masterpiece that he had recently completed. He had sold it for just a few hundred […]
We don’t have to tell you that art collecting is an expensive hobby. Who has the cash to drop $1 million or more on a single work because of a whim (or perhaps because another collector threatens to snap it up if you don’t)? Well, celebrities, that’s who. So artnet news has compiled a comprehensive […]
It’s official, the art market is picking up after years spent in a post-crash lull. According to TEFAF’s much discussed annual art market report, 2013 was the second best year on record, grossing €47.42 billion ($65.45). It was topped only by 2007, the vintage year of the last bubble. In this new series, artnet News […]
The answer is yes and no. Let’s begin with why Silicon Valley Contemporarycould be a success. The obvious allure for creating this new fair, and for the 50-some participating galleries to buy in for its first year, is that the tech sphere headquartered in Silicon Valley is generating more wealth more quickly than anywhere else in […]
If the market for contemporary art is in danger of overheating, the first canary in the coal mine will surely be those fashionable young artists whose prices have been driven up by speculators over the past few years. Midseason auctions of affordable works by emerging names are telling temperature gauges for the contemporary market. Phillips’s […]
Ai Weiwei’s Colored Vases appeared at Seattle Asian Art Museum on April 5, quivering, just waiting to be smashed. Poor vases. Their cheerful, rainbow-candy appearance is so dumb it’s almost touching. They’re baubles with hidden stories, stories that go back two thousand years. But we’ll start with 1993. That year, Chinese artist Ai Weiwei returned to Beijing […]
The past year has seen collectors and auction houses creating their own art market. They’re essentially bypassing dealers, galleries, and critics, identifying artists on their own, buying works by those artists cheaply in great numbers, then flipping them at vastly higher prices to a network of other like-minded speculator-collectors. Thus, we’ve seen the rise of […]
The herd is spooked. That’s one interpretation of why there has been so much outrage over the the borderline heretical views that the collector Stefan Simchowitz espoused in Artspace‘s recent interview with him—what he said has evidently struck a chord that resonates jarringly with collectors, dealers, artists, curators… everyone, really. A collector who has amassed a hoard of recent art, […]
Unknown, alien objects disorientate you from your very first steps: once you’ve navigated past the dog-eared sofa that curiously blocks the entrance, Work No.1092 (2011) hurtles worryingly close above your head (or for taller visitors, could well threaten decapitation). It’s exciting, but witty too – the 12-metre long neon sign , spelling ‘Mothers’, dwarfs you […]
If you bring up the name Stefan Simchowitz in the company of art dealers, collectors, advisors, or other professionals, you are bound to get a vigorous reaction. A producer of Hollywood movies like “Requiem for a Dream” and a co-founder of MediaVast, the photo-licensing site that was sold to Getty Images in 2007 for $200 million, Simchowitz is one of […]
“Do you think I’m rich?” asks a male voice. “Yes,” says a female voice. “Do you think I’m a homosexual?” “No.” That exchange is the sole dialogue in Jordan Wolfson’s 14-minute video “Raspberry Poser”, currently projected on massive wall at David Zwirner, and the only clue Wolfson offers to his intentions. That is, if it’s […]
Money continues to pour into art, and with it, stories multiply about art’s manipulation by callow titans of finance. Speaking of the recent decade, one pundit said not so long ago: “The conversation has turned from ‘Is art an asset class?’ to ‘Art is an asset class,’ and then to ‘How do we take advantage […]
Art dealer Larry Gagosian pushes the best work – Richard Serra, Cy Twombly, Richard Wright, Urs Fischer – and fills the gap in our public galleries with real taste and belief.Is the Gagosian empire like the Starbucks of contemporary art? A megalomaniac attempt to corner the art market? It may seem so, but this chain store of […]
LONDON — Works by contemporary artists born after 1945 generated $17.2 billion in worldwide auction sales last year, a 39 percent increase from 2012, according to figures just released by the French database Artprice. Last November, a triptych by Francis Bacon sold for $142.4 million, a record for any work of art at a public […]
The late German artist Sigmar Polke was not the type to make things easy for anyone. After trying to interview him in Los Angeles in 1995, reporter Kristine McKenna wrote that she felt like Margaret Dumont “trying to get a straight answer out of the Marx Brothers.” That same year, British critic Adrian Searle showed up at Polke’s […]
The season of art market performance reports is upon us, and keeping up with them all can be an all-consuming—and sometimes baffling—affair. In the last month various entities have declared 2013 to have been both the best year ever and the second best year ever for art sales, while also (erroneously) declaring art to be […]