The bigger question regarding the Metropolitan Museum’s new admission policy is who should pay? Donors? The public?
US President Obama’s apology to University of Texas at Austin art history professor Ann Collins Johns has created a frenzy of media coverage but also some inexplicably strange responses.
Last week, the Financial Times Alphaville blog weighed in on the whole “art as an asset/market” thing, joining the series of recent commentaries from Quartz and Felix Salmon on the topic.
Yesterday’s critique of Allison Schrager’s art market takedown in Quartz was about something that is ultimately quite simple: certain fictions about the exceptional irrationality or corruption of the art market are sustained for various reasons — from marginalized artists who would sooner believe that it is the art market, rather than the market entire, which is predisposed against them to financial journalists who want to legitimize their own lack of scrutiny for “the real economy” by using the art market as a straw man for “inefficient” or “corrupt” markets.
This week, Damien Hirst’s global spot challenge, TJ Clark on Leonardo, Cairo’s art scene, Green & Knight on PST, de Kooning conversation, Queer theory, vandalism as art criticism, imagining a drunk gay Jenny Holzer twitterfeed and an Abby Road spoof.
Jeff Koons’s art collection, thoughts on LA MOCA’s questionable art history, Invader in Paris, a tour of the Calatrava building in Milwaukee, something fishy about Warhol, iPhone photography and corporate culture and the US government … all on this week’s Required Reading.
Is appreciating art in its full context about the money … self promotion is forever … not all Chinese artists want to be political … are websites the art of our time … a 1988 video about graffiti being a crime … Superman is no longer American …
Andy Warhol was 17% of the Contemporary auction market in 2010, and 12% of the 2000-2010 total.
This is the most incredible jaw-dropping statistic from an ArtTactic report titled “Andy Warhol: The Art Market Zeitgeist.”
Felix Salmon just posted an incandescent piece on the State of the Art World seen through the lens of Davos. At a meeting of plutocrats and artists, Salmon sees collectors buying art not for its aesthetic quality but for its aura: the respect and awe that comes with owning something really expensive.
The Russians are creating art funds … Reuters’s Felix Salmon thinks it’s a bad idea and says the art market is broken … Marion Maneker disagrees about the art market part.