Beauty Bucks

31.01.2014
Christie's staff looks at Picasso's "Femme au costume ture dans un fauteuil" (1955) at Christie's auction house in London, 30 January 2014 (photo: dpa)
Christie's staff looks at Picasso's "Femme au costume ture dans un fauteuil" (1955) at Christie's auction house in London, 30 January 2014 (photo: dpa)

Upcoming article for "BAKU MAGAZINE"

Stock Market Up 600! Stock Market Down 900! These kinds of blaring headlines just about every week point to the continued volatility and uncertainty in the financial markets and are only a portion of what is fueling the continual explosive growth in the contemporary art market. Put on your seatbelts because it’s not about stop anytime soon.

Rampant globalization, a surfeit of cash swooshing about the system, continued market uncertainties, low interest rates and the overall lack of attractive investment opportunities have contributed to a perfect storm for continued art appreciation, financially and otherwise. An oft-repeated complaint leveled against art as asset class is that there is no income derived from a collection, but I’d argue that art kicks off a visual (and social) dividend with the palpable upside of viscerally enriching daily life.

But the question on everyone’s mind is can it last and if so, how long will the raging bull charge? True, nothing goes up forever, unless of course it’s Picasso you   ... weiterlesen

Say it ain't so, Joe

08.01.2014
Damien Hirst "Mickey" 2012, Estimate: £300,000 to £500,000, Photographed by Prudence Cuming Associates, © Damien Hirst and Science Ltd.
Damien Hirst "Mickey" 2012, Estimate: £300,000 to £500,000, Photographed by Prudence Cuming Associates, © Damien Hirst and Science Ltd.

I love Christie's but spoken only how an auction house could. “Damien’s is an exciting and hugely significant addition to the rich artistic vein of Mickey depictions."

Hedgies Stimulating Nutty Prices

06.01.2014

Interesting article but “… hedge-fund millionaires driving prices into the stratosphere” is inaccurate, there are more than hedgies stimulating nutty prices, far more and from all reaches of globe. That’s part of what is pushing the market(s) for today there are many and they are regional and diverse, from Mumbai to Saudi. “What’s being killed is the passion for art, sacrificed on the altar of money.” This is a beautifully poetic sentence but inaccurate. Passion for art is inelastic, and thrives with or without money. And always will. In the widest sense, the art world—warts and all—is a communal, discordant Cage-ian symphony we can all dance to.

Avoidance Behavior: Gallery-Going in St. Moritz

03.01.2014
"BoteroSutra" at Galerie Gmurzynska (Courtesy Galerie Gmurzynska)
"BoteroSutra" at Galerie Gmurzynska (Courtesy Galerie Gmurzynska)

I’ve always been a hesitant skier, even before the Sonny Bono and Michael Kennedy mountain misfortunes. This week, I turned my back on the slopes for an hour and a half, gathered together a group of enthusiastic New York friends, and made the rounds of St. Moritz’s handful of galleries, all of them within walking distance of each other.

We strode cautiously through the snow to the ambitious new gallery of Zurich dealer Andrea Caratsch, his second in town—it’s a bold move in light of the seasonal character of St. Moritz and scale of the space. It’s also a little off the beaten path from the rest. There are three rooms in which the ceilings progress from average height to soaring. There were two exhibitions, one of self-portraits by de Chirico and Warhol, and another of a series of oversized John Armleders.  ... weiterlesen

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"Die Kunstwelt ist wie eine Mafia, es gibt ein ungeschriebenes Gesetz des Stillschweigens", sagt Kenny Schachter. Auf seinem Monopol-Blog bringt der britische Kunsthändler Licht ins Dunkle und macht die Mechanismen des Marktes transparent. In englischer Sprache
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