When a big name collector “offloads” the art of a specific artist from his collection, it can, we have heard, have a chilling effect on the market for that artist’s work. Sometimes this makes the artist very angry. Sometimes things escalate.
All the same, Charles Saatchi feels that a collector should do as they will with the artwork they buy.
Asked about a long-standing rumor that he had “ruined” the career of Sandro Chia when he purged his collection all of his Chias at once, Saatchi said:
“At last count I read that I had flooded the market with 23 of his paintings. In fact, I only ever owned seven paintings by Chia. One morning I offered three of them back to Angela Water, his New York dealer, where I had originally bought them, and four back to Bruno Bischofberger, his European dealer, where, again I had bought those. Chia’s work was tremendously desirable at the time a all seven went to big-shot collectors or museums by close of day.”
There’s one misconception that wherever there is money, there’s an art market. Dubai was always an overrated market. They need a certain level of intellectual discourse and aesthetic dialogue. They need institutions and to come to terms with their censorship—and then eventually, maybe, they’ll get an art world.
It’s okay to love Simon de Pury. I’ve said before that hisPhillips Art Expertsite is really fun: it has video and games and contests and lots of color. It’s a great way to rake in the low-brows like myself who love to see the art universe brought down to size, demystified and even made out to be kinda cute. :)
So I say, big deal if Stuart Jeffries gets all fan-club on us, talking about how cool de Pury is: the dude’s just giddy-making with his darling themed auctions and his “elegant, leggy gait”.
“Art is not a bad thing to invest in. Historically, it has outperformed most other asset types.”
~ Simon de Pury
White Column’s Celebrity Line-Up
White Columns’ 2010 BENEFIT EXHIBITION + AUCTION (on view ON VIEW APRIL 24 – MAY 15,) shows an impressive list of donating artists. Impressive in size, but also in the celebrity status of the artists themselves, with the Turner Prize winning, Toma Abts, famed prankster Maurizio Cattelan, the notorious Billy Childish and David Byrne even.
FINALLY, the pious facade that art marketers apply as protection to their artists, their buyers, their collections, and their reputations, is being — um– noticed.
In April 16th story for the New York Times, Randy Kennedy begins:
“Imagine a market for highly sought-after items in which the makers and sellers work hard to ensure that the items go only to certain buyers, even if other buyers might be willing to pay more. The favored buyers are then expected not to resell the items for many years, even if the values skyrocket. Ideally, in fact, the buyers are expected to give these items away eventually, for the public good. And if the buyers don’t abide by these expectations, they risk being cut off, cast out with the other unwashed wealthy who can afford to buy but have no access.”
Anyone familiar with the art market and the practices of dealers and consultants on the one hand, representing the primary market, and auction houses, on the other, representing the secondary market (traditionally), will not have to “imagine” very hard. Market savvy dealers have always sought to “place” art rather than sell it, seeking to create a prestigious provenance for their artists. And auction houses used to refuse to touch art any younger than five years old, seeing it as a tasteless and destructive practice to sell new pieces in the secondary market.
But it’s really nice to see that the practice, and it’s very elitist, very very naughty implications are finally being brought out into the light.
And in a very amusing tale of what appears to be petty vengeance, a woman scorned, in this case Marlene Dumas, has, it seems, blacklisted one Craig Robins, because he made her look bad by selling one of her works from his collection to David Zwirner Gallery.