VIP Art Fair Failed? Hype Failed Today -- Thoughts on the Collectors of Tomorrow
Criticism over the implementation of VIP Art Fair has been growing steadily since its January 22nd launch date. The NYC art world rumor-mill suggests that several art dealers involved with VIP are demanding a refund. On top of that-- there are rumors that collectors who experienced the site will no longer deal with VIP in the future due to frustration. Based on comments I’ve read at Art Fag City-- and a few other art blogs covering VIP-- it is clear that people tend to view VIP as an over-hyped and poorly developed venture. Blind praise is quickly turning into frustrated rage.
Showing posts with label art market. Show all posts
Showing posts with label art market. Show all posts
Wednesday, January 26, 2011
Friday, October 1, 2010
Inflated Pricing of Art Places Young Artists in the Danger Zone
Inflated Pricing of Art Places Young Artists in the Danger Zone
The issue of inflated pricing of artwork has become a hot topic in recent years-- especially after the crises that bottomed out the art market not long ago. Art dealers have received the blunt of criticism concerning price inflation. However, I suggest that artists are to blame as well-- specifically living artists who have some control over their market. After all, the artist and art dealer relationship is a business partnership-- prices only rise if an artists sits back and allows unrealistic pricing to increase. That said, it is obvious that inflated pricing has hurt the validity of the mainstream art market as a whole-- and has harmed the careers of young artists within the market itself.
The issue of inflated pricing of artwork has become a hot topic in recent years-- especially after the crises that bottomed out the art market not long ago. Art dealers have received the blunt of criticism concerning price inflation. However, I suggest that artists are to blame as well-- specifically living artists who have some control over their market. After all, the artist and art dealer relationship is a business partnership-- prices only rise if an artists sits back and allows unrealistic pricing to increase. That said, it is obvious that inflated pricing has hurt the validity of the mainstream art market as a whole-- and has harmed the careers of young artists within the market itself.
Sunday, September 26, 2010
Understanding the Business of Art Gallery Representation: The Big Agreement
Understanding the Business of Art Gallery Representation: The Big Agreement
If we think of art in terms of business the decision of controlling ones market over sharing profit often comes into the fold. The issue at hand often boils down to mere percentages. The question at hand-- is it better for an artist to sell solo in order to reap the full reward of profiting from sales or is it better to place the business aspect of ones career into the hands of an art dealer who hopefully has more knowledge of selling art than the artists he or she represents? The choice is a personal one-- it is a choice that should involve deep consideration and research. Needless to say, art gallery representation is often very confusing to both emerging and seasoned artists. Thus, more artists need to understand the basics of gallery representation.
If we think of art in terms of business the decision of controlling ones market over sharing profit often comes into the fold. The issue at hand often boils down to mere percentages. The question at hand-- is it better for an artist to sell solo in order to reap the full reward of profiting from sales or is it better to place the business aspect of ones career into the hands of an art dealer who hopefully has more knowledge of selling art than the artists he or she represents? The choice is a personal one-- it is a choice that should involve deep consideration and research. Needless to say, art gallery representation is often very confusing to both emerging and seasoned artists. Thus, more artists need to understand the basics of gallery representation.
Tuesday, September 21, 2010
Looking Beyond the Hype: Is the contemporary art market a fraud?
Looking Beyond the Hype: Is the contemporary art market a fraud?
There has been a hailstorm of questions concerning the art market since the global financial bust. As the art market continues to have ups and downs some art collectors, art dealers, as well as the general public have demanded answers concerning the integrity of the art market as a whole. The focus of the criticism has been placed on the ethical practices of some art dealers and collectors. Needless to say, people are starting to examine the art market closer than they ever had before. At the source there is a great deal of hype to be found.
Many of the questions are common-- some were asked before the recent art world financial meltdown. Were prices inflated? Were novice art collectors duped? Did some art dealers sell ‘lemon art’ knowing that the investment would only ride as long as the art market continued to advance in a positive direction? Did top art collectors foster a market of excessive prices for their own gain? Are some artists to blame? Is the general public to blame? Who is responsible? The questions build up as individuals reflect on the art market as we know it-- frustration creates an environment of outrage.
There has been a hailstorm of questions concerning the art market since the global financial bust. As the art market continues to have ups and downs some art collectors, art dealers, as well as the general public have demanded answers concerning the integrity of the art market as a whole. The focus of the criticism has been placed on the ethical practices of some art dealers and collectors. Needless to say, people are starting to examine the art market closer than they ever had before. At the source there is a great deal of hype to be found.
Many of the questions are common-- some were asked before the recent art world financial meltdown. Were prices inflated? Were novice art collectors duped? Did some art dealers sell ‘lemon art’ knowing that the investment would only ride as long as the art market continued to advance in a positive direction? Did top art collectors foster a market of excessive prices for their own gain? Are some artists to blame? Is the general public to blame? Who is responsible? The questions build up as individuals reflect on the art market as we know it-- frustration creates an environment of outrage.
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