As the largest generation in the U.S labor force, according to the Wall Street Journal, and a generation of consumers that are on track to spend $1.4 trillion annually by 2020 and inherit $30 billion in the coming years, according to the New York Times, it’s no wonder businesses are catering to millennial buyers. Coined by […]
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 […]
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 […]
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 […]
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. […]
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 […]
Anyone in the art market who was not already paying attention to the social media platform Instagram had to sit up and take notice in April after the actor Pierce Brosnan visited the showroom of Phillips auction house in London. Mr. Brosnan snapped a selfie in front of a work he admired: the “Lockheed Lounge,” […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 — 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,” […]
A giant beach ball, a pink ice cream truck, and a winding line of people waiting to see art are not sights that people usually associate with perennially gray Seattle. But on Thursday night, most of the 4,000 people who visited the opening night of the inaugural Seattle Art Fair got to experience all three. […]
Richard Wilson’s 20:50 work will leave the Saatchi Gallery in London, and head for David Walsh’s museum in Tasmania—but may go on a world tour first. The Australian collector David Walsh has bought the oil installation 20:50 by the UK sculptor Richard Wilson, one of the most talked about art interventions of the past 25 […]
Amid the seemingly endless schedule of international art fairs that take place around the world each year, all art world eyes will be on Seattle this week, where the inaugural Seattle Art Fair, opens on Thursday July 30 and runs through August 2. Previous attempts at organizing fairs here have never really gotten off the […]
After 40 years of neglect from critics and abuse from Beatles fans, Yoko Ono, over the past decade, has risen to an almost untouchable position in the art world. In her 2000 show at New York’s Japan Society, Michael Kimmelman writing for the New York Times called her “a mischievous, wry conceptual artist with a […]
Early last March, London’s Conservative mayor Boris Johnson unveiled Hans Haacke’s “Gift Horse,” the tenth commission installed on Trafalgar Square’s Fourth Plinth. Described on the Greater London Authority’s website as a rumination on the “link[s] between power, money, and history,” “Gift Horse” consists of a bronze horse skeleton and a live electronic ticker of the […]