R.I.P. Legendary Curator Jan Hoet ...

27.02.2014

... who famously equated art and curating with boxing and put his gloves where his mouth was. This applies today more so than ever.

  ... weiterlesen

From the Zero Group to Generation Z: At the London Day Sales

18.02.2014
 Sotheby's London: Contemporary Art Evening Sale, 12 February 2014. At right, Gerhard Richter's painting Wand (Wall) 1994 oil on canvas. In excess of £ 15 million Sold for £ 17,442,500. (Photo: Sotheby's/dpa)
Sotheby's London: Contemporary Art Evening Sale, 12 February 2014. At right, Gerhard Richter's painting Wand (Wall) 1994 oil on canvas. In excess of £ 15 million Sold for £ 17,442,500. (Photo: Sotheby's/dpa)

You won’t find Leonardo DiCaprio at an auction house’s day sale. By stark contrast with the glamorous biannual evening sales of contemporary art at Christie’s, Sotheby’s and Phillips, those houses’ corresponding day sales, where artworks of lower value are sold—often recently-made artworks by young artists—are much more somber, matter-of-fact events. You may spot the nephew of the shipping magnate, but are unlikely to see the magnate himself.

Younger specialists man the phone banks—the day sales are finishing schools for art dealers, specialists and collectors alike—and even the acoustics are different. As opposed to the dramatic hush of the salesroom during the evening sales, the room is alive with chattering, sometimes so loud that you can barely make out the auctioneer’s words. The standing-room real estate at the sides of the aisles, which during the evening sales is chock-a-block with journalists, is barren.

The day sales run at a different pace. At the evening sales, the audience, many of them formally attired, tends to show up before the action begins. Not so during the day. By the 1 p.m. starting time at   ... weiterlesen

God giveth and taketh in same auction week breath

14.02.2014
 Photo: Helly Nahmad
Photo: Helly Nahmad

Dragged my kids to Christie's tonight, have to break them in young, today’s market darlings aren’t much older. Though there was already a Lucien Smith market setback (backlash?) to the tune of about 20%.* God giveth and taketh in same auction week breath. Bacon didn’t fare as badly. I'm writing about the day sales for the New York Observer's GalleristNY.com, shh don't tell them I haven't been yet. But I did manage to pass my theory test today, first exam I've taken since bar exam in 1987, no joy there.

*If i was cynical, I'd say I was first to call L. Smith market demise. But I also happen to like it. I do.

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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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