Archive for June, 2007

Summer ’07 – The Moons Align in Art Market

June 26, 2007

This summer we had the Venice Biennale (every 2 years), Art Basel (yearly), Documenta (every 5 years) and Sculpture, Munster (every 10 years) and then the well-heeled skip over to London for the big auctions. Maybe its because Basel is the only place out of the 4 exhibitions where works can be bought, but the fair dazzled collectors and critics alike this year, where as the others, and those who curated them, fell short. Have the dealer’s finally gotten the respect they deserve?

Basel used to be a sleepy town, little known next to Zurich (also home to my favorite museum Kunsthaus Zurich). Now, the “Big Fair” is the home, without a doubt, to a selection of the most important art made today. Dealers this year, instead of showing a variety of selections from their gallery’s repertoire, highlighted one artist (usually their blue-chip artist) ensuring high prices and high demand.

Highlights that our DC readers will enjoy included German born artist Katharina Grosse who took traditional Color Field style and twisted it into a 3D installation where stripes on the wall melted into piles of immense weather balloons.

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Katharina Grosse’s Atomimage (2007) in “Art Unlimited”

And my favorite (and crowd pleaser) was undoubtedly Paul McCarthy’s rendition of Santa Claus holding a butt plug that may or may not resemble a Christmas Tree. Some have said that the work, an edition of 3, sold for a mere 800,000, but we are guessing they sold for much more. If you too want to explore the power of the free market (also known as Basel 2007), ArtNet has let you in by offering the fair online: www.artbasel-artnet.com

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Paul McCarthy’s Santa with Butt Plug (2002-07) in front of “Art Unlimited”

Documenta 12 – “the worst art show ever” according to British critics

June 16, 2007

The quote from Richard Dorment (the visual arts critic), was the headline in the Telegraph, describes the 100 day contemporary art exhibition in Kassel, Germany that happens every 5 years. He went on to say,”…freelance curator Roger Buergel and his art historian wife Ruth Noack have managed to stage the single worst art exhibition I have ever seen anywhere, ever.”Then Adrian Searle of the Guardian published a review titled “100 days of ineptitude”, described the Aue-Pavilion “ghastly” and the show’s layout “visual sludge”. But Searle conceded that he did admire the works of Zoe Leonard, Lu Hao, Nasreen Mohamedi, Annie Pootoogook, Atsuko Tanaka and Lidwien van de Ven… see below for examples:

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Zoe Leonard – Mouth open, teeth showing (at Paula Cooper)

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Lu Hao – Shooting 10000 Arrows All at Once – Detail

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Nasreen Mohamedi – untitled

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Annie Pootoogook

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Atsuko Tanaka – ’83A

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Lidwien van de Ven – le’ Grand Cafe

My favorite quote from Basel 2007

June 12, 2007

“I see my job as developing resources for artists,” said one dealer at Art Basel, whistling in the wind. “Not providing assets for collectors.”

(Source Walter Robinson – ArtNet)

Another reason to collect Contemporary…

June 11, 2007

and because I love making graphs.

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This was made using the auctions results of the “top 100″ in each sector. Serious peaks and valleys – want to know why? Check out my post about the history of the market and I’ll give you some clues: Japanese collectors, exceptional single owner sales (at auction), sleepers in the Old Master market, Warhol and Modigliani.

Venice Biennale – a kvetch fest

June 10, 2007

good article (and finally some images which the NYTimes seems to not want to include), and scathing, maybe Robinson is hungover from all of the parties, or else he may just have a bone to pick with Rob Storr (and kvetch means to complain habitually).

AND one of the curators of the Mexican Pavillion fell out of a 3rd story window and is in a coma – jeez

I’m sorry

June 7, 2007

I haven’t posted in a while but I am waiting for some intel on Basel. Works are not for sale at the Venice Biennale so I am not going to make any market speculations and all I have heard out of Basel is that everything is sold (it’s considered the best fair) and that SCOPE Basel (this is the first year for the fair in Switz.) is fabulous, but very under attended… more soon!



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