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 […]

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 […]

Instagram Takes on Growing Role in the Art Market

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,” […]

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 […]

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 […]

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 […]

Yoko Ono’s Market Is A Mystery Despite Her Superstar Art World Status

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 […]

Wael Shawky’s Epic Films Will Completely Change How You See the Crusades

Egypt-born and -based Wael Shawky inhabits the epic’s structure impeccably, and in the most unexpected way possible: with puppets. In a lush, labyrinthine trilogy of films being exhibited at MoMA PS1, he uses sublimely designed, marvelously costumed ensembles of marionettes and puppets — some made centuries ago, others fashioned by the artist of Murano glass. […]

Art Basel Hires Armory Show Director to Run Its Miami Fair

Art Basel is appointing Noah Horowitz, currently the executive director of theArmory Show in New York, to be its new director of the Americas, running Art Basel Miami Beach. Mr. Horowitz’s job will be to oversee and lead the development of Art Basel’s outpost in the United States, which takes place each December. He will […]

Philippe Parreno’s Hypnotism at the Park Avenue Armory

“The architecture becomes semi-conscious,” said Philippe Parreno during a morning press conference debuting his new installation for the Park Avenue Armory, which opens today and is on view through August 2. I believe he followed up this building-coming-alive statement with a comparison to the work of Philip K. Dick — the artist’s thick French accent […]

HERE AND NOW: PHILIPPE PARRENO’S ‘H{N)YPN(Y}OSIS’ TAKES OVER THE PARK AVENUE ARMORY

Philippe Parreno’s H {N)Y P N(Y} OSIS (pronounced “hypnosis,” just to confuse us all) is bewildering. Staged in the Park Avenue Armory’s massive drill hall, it’s an installation that involves film, sculpture, music, and performance. It takes at least two hours to get through, and feels as slow and frustrating as the traffic on Broadway during […]

In Philippe Parreno’s ‘H{N)Y P N(Y}OSIS,’ Art Is the Big Idea

When he was young, the French artist Philippe Parreno had a fantasy in which he would open his mouth and a beam of projector light would shoot out, casting his thoughts onto whatever was in front of him, medium and message in one human head. “My imagination would just be easy and available,” he once […]

40 Percent of World Gallery Art Sales Made at Fairs and Other Key Findings in the TEFAF Art Market Report 2015

The TEFAF Art Market Report, delivered by Dr. Clare McAndrew of Arts Economics, is considered the authority on data relating to auctions, art fairs, and market trends (see Clare McAndrew Explains How She Prepares the TEFAF Art Market Report). It’s presented in conjunction with the opening of the TEFAF art fair in Maastricht. Sales at […]

Agnes Martin: the artist mystic who disappeared into the desert

In the summer of 1967, Martin left New York and went off-grid before reappearing in New Mexico. The art she made there – with its buoyant bands of colour – offer no clues to the turbulent life of an artist who was diagnosed with paranoid schizophrenia. Ahead of a major retrospective, Olivia Laing celebrates her […]

10 Tips To Make Art Fairs More Fun

As any seasoned art lover knows, art fairs are a double-edged sword: while attending them is an easy way to see and sell art, they aren’t always the most enjoyable experience (see 11 Art World Rules Decoded for 20-Something Newbies) thanks to myriad factors like inconvenient locations, overcrowded aisles, and the sheer amount of ground […]

10 Reasons To Be Excited About The New Whitney Museum

The new home of the Whitney Museum of American Art, in all its 28,000 tons of glory (as architect Renzo Piano pointed out during the preview Thursday), opens to the public May 1 in Manhattan’s Meatpacking District (see Does the New Whitney Museum Herald a Golden Age for New York Institutions?). artnet News joined the preview, […]

The Whitney Opens with a winner

Let’s cut to the chase: the Whitney Museum of American Art’s inaugural show in its new home in the Meatpacking District, “America Is Hard to See,” is outstanding. With about 600 works by a little over 400 artists, it offers a history of American art—and America—that is richly textured and that teems with beloved classics […]