Moving the opening of the Venice Biennale to May has set the cat among the pigeons. When it was announced that the Venice Biennale was shifting the date for the opening of its 2015 edition to 9 May (with previews from 6 to 8 May), it sent the whole art market into a frenzy. The […]
Let’s face it, in today’s cutthroat contemporary art market, it’s not enough that you’re a millionaire, or even a billionaire, when it comes to collecting art for your homes. These days it’s all about access. Whether you are sitting in the auction salesroom fighting for an eight-figure Francis Bacon or jetting off to Switzerland for next week’s […]
In many ways, the sales power and popularity of art fairs has been reshaping the role of everyday gallery life. It’s not uncommon these days to hear about galleries selling more works at art fairs than at gallery exhibitions. Indeed, a fair’s fast paced nature and the sheer number of works available for sale offer […]
Yorkshire Sculpture Park has a strange new tree. Solid yet graceful, inspired by the street vendors of Jingdezhen in southern China, who sell wood for its beauty, “Iron Tree” (2013) is a collection of fragments held together with bolts. It seems to have been in the wars, this tree, much like its maker Ai Weiwei. […]
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 […]
Next up in our series of the world’s most expensive living artists: the Americans. Auction results reveal both the usual suspects as well as some surprises, making this list more diverse than might have been expected. Some of these artists are auction darlings with thousands of works on the block, while others have had nary […]
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 […]
artnet News’s ongoing series on the world’s most expensive living artists by nationality turns next to the French—after previous installments devoted to the Brits and the Germans. And a quick glance at the list below is enough to realize how isolated (others might say undervalued) the market for French art remains. Only three of the auction records presented […]
James Franco’s new exhibition at Pace is bad. It’s not a George W. Bush–caliber train wreck, but it’s close. The exhibition, “New Film Stills,” features 29 photographs from Franco’s series inspired by Cindy Sherman’s seminal “Untitled Film Stills” (1977–80). In each black-and-white photograph the artist-actor-scholar appears dressed (or undressed) in women’s clothes, often sporting a wig and makeup, for […]
In the second installment of our series of the world’s most expensive living artists, we focus on the Germans. Artists from the country have seen unprecedented success in recent years. And high-flying auction results have been spread relatively evenly across media, if not between the sexes. Perhaps most interestingly, however, all of the Germans in […]
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 […]
A Sigmar Polke Retrospective Opens at MoMA. Get confused is the first and last message of “Alibis: Sigmar Polke 1963-2010” at the Museum of Modern Art. And if you think, as I do, that some degree of continuing bafflement is a healthy reaction to art, this disorienting contact high of a show is for you. Polke, who […]
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 […]
EUGENE, Ore. — The Jordan Schnitzer Museum of Art, tucked into a quiet corner of a college campus here in the hills of the Pacific Northwest, is hardly the epicenter of the art world. Yet major collectors, fresh from buying a Warhol or a Basquiat or another masterpiece in New York, routinely choose this small, […]
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 […]
In the landmark June 2011 sale at Sotheby’s London, 34 works in the collection of German industrialist Count Christian Duerckheim went up for auction, among them seven paintings by the postwar German artist Sigmar Polke (who had died the year before). Of those paintings, one,Dschungel (Jungle) (1967), brought in $9,245,139, sailing past its high estimate of $6.4 million and […]
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, […]