Archive for the Art market decline Category
Lisa Boyle, the owner of the 4-year-old Lisa Boyle Gallery, has just announced on the Bad at Sports blog that she’s calling it quits.
“Why is it so GOD DAMNED hard,” she writes, “to sell a piece of art around here? I can’t help asking myself this as I soon join the ranks of civilians outside the Art World proper and close the doors on my [gallery].”
Boyle acknowledges that she’s in good company, as “a handful of my compatriots are shutting down near the same time. 40000 last December, soon Navta Schulz, Gesheidle and others. Closings here, closings in New York, even my friend in Boston are hanging it up.” This leads her to ask, as many have, “Whose fault is it?”
She ponders the oft-cited local (Chicago) presumed reasons–lack of collectors, lack of critics, lack of museum support, nepotism in the market, competition from LA and NY–and then she comes to a realization:
…here’s the big bad bald truth, people: I’m just not that good at running a gallery. No, thank you for your support and encouragement, and I truly appreciate your assessment that I have a “good eye”, I do! It’s just an unavoidable truth to me that we’re being flushed out of our excuses, me and all the other quitters, by the simple fact that there are a few people out there who have been able to sustain important programs and be happy running a successful gallery in Chicago and certainly elsewhere. In other words, it can be done, so there’s no use in talking about how hard it is to do it… Making a life (if not a living) out of selling arbitrarily priced objects that no one needs is a very competitive venture. Not as easy as it looks. You have to want it. I mean really super bad. If you are going to create a successful system of supporting artists, connecting with institutions, and staying happy and successful as an art dealer, you have to want that more than a lot of other things. Like more than a paycheck, for example. More than every single Saturday for the rest of your natural born life. More than healthy exposure to the sun. You have to welcome payment in the form of some awkward social cache rather than in money, and you have to not mind being chained to a desk between four white walls for years, with the exception of those times you pack up your wares, like a traveling salesman, and take the show on the road. All of these things have to be fun and exciting to you…
Lisa added that she’s going to be working, part-time, in an academic office at Robert Morris College–no doubt relishing a new sense of sanity and stability, even as she gets a regular paycheck. I will add it’s refreshing to hear someone actually come out and speak truth in this matter of artistic failure–in this case, of just one gallery; though her word could just as well be applied to the entire system of arts in this country.
To her words I will add my own: As it happens, I too have just announced I am giving up, in much the same way and for much the same reasons as Lisa, my own three-year quixotic (dayjob) pursuit of a life and career of support in the arts (to go to work in a more stable workplace, associated with academia, that is closer to my home).
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I’m still slogging through Bill Ivey’s book, Art Inc.—trying to comprehend the intricacies of his arguments. For the most part, thus far as best I can tell, Ivie’s arguing that our cultural values—so heavily geared toward the commercial, and so heavily favoring the corporate—are at the root cause of our society’s dysfunctional relationship with the arts. That said, his solution thus far seems, at best, pretty pat and somewhat naive. I’ll report more once I manage to fight off the distractions of summer and can actually finish the book…
Meanwhile, a recent Reuters report by Mike Collett-While, “High art prices may disguise malaise,” tracks the continued decline of the current market for art. According to the story, which comes out of London, while the super-rich continue to push prices for Blue Chip art higher, “the picture is less rosy at the lower end of the market…. [and] values for even the world’s most sought-after artists could come back down to Earth with a bump if confidence were to slide.”
While records fell in a series of Christie’s and Sotheby’s summer art auctions, “falling share prices, inflationary pressures and rising costs of oil” were affecting the middle market, as one-third of lots failed to sell in a recent auction, and the the auction fell short by around $49.5-million of its low pre-sale estimate.
“The problem is when people in the market start to question and become uncertain,” said one analyst. “There could be a political or economic jolt that is so dramatic that it distracts people at the high end of the market, and it is like a house of cards.”
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Posted by: admin in cutting the arts lifeline (budget), Ah Minneapolis..., Art is the first thing that goes out the window, Humans pretty much hate art, Minneapolis art town blues, Entertainment killed the art star, Americans pretty much hate artists, Commerce and the failure of art, Art market decline, Decline of human culture, The death of a literate society, Artistic failure in America
The local arts community here is atwitter these days with talk about the recent failure of the Theatre de la Jeune Lune. With a reported debt of more than $1 million, the theater is closing after more than 30 years of presenting a particular brand of original, experimental, physical productions. The shutdown comes just three years after Jeune Lune won a Tony Award for best regional theater, thus emerging as a national creative force. Dominique Serrand, a founder, had this to say about the end:
“Today, we begin imagining a new way of working,” Serrand said. “Building upon our artistic legacy, and facing a different future, we are exploring ways to reinvent an agile, nomadic, entrepreneurial theatre with a new name that will create essential and innovative art for today’s changing audience.”
[Translation: We’re failing because the audience is drying up.]
Meanwhile, an editorial from today’s Charleston Post and Courier suggests that something similar is happening to a theater in that town. Jill Eathorne Bahr, the resident choregrapher at the Charleston Ballet Theatre, pleas, in a piece called “Arts need support more than ever,” for more support for the arts from a seemingly ambivalent public. “Raising money for the arts in today’s financial climate,” she writes, “can be daunting, thankless and endless. Federal and state funds continue to be pushed into the background. And the product, dance, is more difficult to sell.
“I believe there is room and potential funding for everyone, but it won’t be as easy to do what we’ve done in the past. We’ll have to … generate new interest and operate in an accepting and generous manner. It takes a driven group to carry off a high-wire act like this.”
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Posted by: admin in Ah Minneapolis..., Struggling small art organizations, Minneapolis art town blues, Death of fine art cinema, DIY is killing the arts, Art is killed by American anti-elitism, Minnesotan Art Failure Tales (MAFT), Commerce and the failure of art, Art market decline, Decline of human culture, The death of a literate society, Artistic failure in America
A recent story in the Mpls Star-Tribune, Hope flickers out for Oak Street Cinema, describes the impending doom, after three years of struggle, of a beloved repertory theater.
After two years of speculation and a public battle over its future, cherished art-film theater Oak Street Cinema is expected to be sold after the Minneapolis-St. Paul International Film Festival (MSPIFF) ends May 3. Its most likely fate: Demolition to make way for a housing and retail development.
The issue at hand appears to be the financial status of the small nonprofit arts org, Minnesota Film Arts, that owns the theater. The Oak Street Cinema was founded in 1995 by a group that renovated a 92-year-old theater near the University of Minnesota. Minnesota Film Arts, which has run the successful MSPIFF for more than 30 years, merged with the Oak Street Cinema several years ago. In 2004, new management at MFA allowed debts to run up–leading to firings, staff resignations, and a cycle of ever-deepening red ink.
Since the spring of 2005, the doors of the Oak Street Cinema have only periodically been open and staff remains in flux. In January 2006, MFA’s board said the theater might need to be sold, triggering a public protest by Oak Street founders and others. Still, the last public tax filing by MFA, in 2005, showed a standing debt of $145,000, and selling the theater was considered the favorite option to clear the debt and pave the way for a reorganization of MFA (so it could refocus its energy back on MSPIFF).
“The festival carries the long tradition of film in Minnesota forward,” said the current board chair of MFA. “We want to continue to focus on that tradition.”
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Gerald Prokop blogged yesterday, in response to my previous post on These Regressive Times (for the arts), about something I’ve often thought about. I’m talking about the ironies of a city growing drastically poorer while having to support big and greedy art institutions–like the Guthrie Theater, MacPhail Center, and Walker Art Center–which have recklessly built multimillion dollar new buildings in recent years even as artists and average American workers and families and wide swaths of the community are left to suffer and decline and disappear in silence.
As he put it: “In these dark times, why are these places growing and getting better?”
Well, not to fear GP, according to a recent Associated Press article, big arts institutions are also beginning to feel the pinch of failed economic policies, poor public policy decisions, and just plain bad government.
Like homeowners and stockholders, museums, concert halls, dance companies and other arts organizations are feeling the pinch from the faltering economy.
Museums and symphony halls that financed renovations with seemingly safe municipal bonds saw interest rates spike in recent weeks; other arts institutions are suffering from low returns on investments; and some arts executives are worried that recession fears could take a bite out of donations and ticket sales.
“What turns my stomach every time I turn on the news is the current perception of what’s happening in our economy and whether people will get nervous and cut back on their charitable contributions,” said Charles Thurow, executive director of the Hyde Park Art Center in Chicago, which used a $5 million fundraising campaign to renovate in 2006 an old Army warehouse into its first permanent home since opening in 1939. “That would affect our annual operating budget.”
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Posted by: admin in Americans pretty much hate artists, Ah Minneapolis..., Art is the first thing that goes out the window, Artistic self-destruction, Minnesota State Arts Board, Minnesotan Art Failure Tales (MAFT), Doomed artist, The struggles of artists, Art market decline, Artists who fall through the cracks, Artistic failure in America
Before I complete my thoughts on one Minneapolis artist who is currently skirting the abyss, a few more words on the topic of how poorly Minneapolis treats its arts community and its less fortunate despite its entrenched self-image (and deep amounts of supporting propaganda to support the image) as a place particularly enlightened and progressive on these issues.
A few weeks ago I quoted a local artist who had blogged that Minneapolis was not all that friendly to artists. After my post, the blogger responded with this: “Minneapolis shouldn’t feel bad about not supporting artists. Lots of places can’t support their artists. But Minneapolis should stop making out with itself in the mirror and take a look at itself instead.” He also wrote: “I think this place is a fine spot for a middle class, well adjusted, creative person with a descent backup plan to get a good start. I believe that I have personal issues that keep me from realizing my goals, specifically in this place.” And he vowed to leave Minneapolis soon: “Come 8/31, there’s nothing keeping me here. Unless I start a fun dance band, or find my calling in middle management, or give myself a labotomy, I’m moving.”
Barbara Ehrenreich, in her exposé about the working poor in America, Nickel and Dimed, famously exposed Minneapolis as being among the least friendly places for people without money. In Minneapolis, the ”living wage” was calculated to be $11.77 an hour, and Ehrenreich got a job at Wal-Mart paying $7 an hour. Because of the poor layout of the city and the inadequate public transportation, she had trouble getting to work on time (she went carless for the duration of her experiment). And because of the lack of affordable housing, she could not find a decent apartment and had to stay in a barely adequate rattrap motel—like many of her co-workers. While she wondered at first how her co-workers could even think of paying $40 to $60 a day for a dive of a room (totaling up to $1500 a month), she soon realized that low-wage earners had to deal with a double-edged sword—they could not afford to pay the large sums (a full month’s rent, plus a down-payment, plus bills, etc) needed to rent a more cost-effective apartment and so had to live in more expensive, less suitable conditions.
Earlier today, meanwhile, the artist Combs made final preparations for walking away from his modest apartment—writing on an artist forum: “i quit existing on paper soon. hidden place in which to land and radiate art, incognito in society, unseen and silent… i feel like moving like a shadow down between the cracks of society and back again. lost and unlost. whole and broken hearted. pulling something out of the self that has craved the foreground, albeit bringing a new lonliness with it…”
I once quoted the Minneapolis gallerian Thomas Barry on how he felt about the city after running a gallery there for nearly thirty years: “In general, [local support] is nowhere near what is necessary to make it a vital place for showing and making art….It was better in the Eighties, most definitely. Art was a fashionable thing and people bought into it….But it’s pretty much been flat for a long time now. A lot of talented people can’t continue to make art because they can’t afford to.”
Were Minneapolis a better place for the working poor—be they artists or non-artists—it might be easier to forgive the place for patting itself over and over for its wonderful self-image. But in addition to the fact that the poor can barely survive here, and artists (who come from all over the region to be in the place that constantly extols itself as an artistic Mecca) often flounder here to get established and to thrive, as I described in 2006, in reality, at best, Minneapolis/Minnesota ranks below average nationally as an art center. Among the failings of Minneapolis in the art realm: in 2003, budget cuts of 30-60 percent decimated the State Arts Board, and while much of the budget was restored for the current biennium (after four years of struggle among arts orgs and artists), that money is likely to go the way of the dodo yet again next year—owing to yet another brutal state budget deficit; arts employees in Minnesota are generally paid 30-50 percent less than their counterparts in other places, leading to large rates of job attrition in the arts worker corps; neither Minneapolis nor St. Paul has a cultural affairs officer, a public arts plan (though St. Paul has a modest non-profit public art org), a functioning arts and culture plan, a cultural tourism initiative or plan, or any of the other features of other cities/regions serious about their arts community; and, of course, all of these factors trickle down and lead to continuing despair and hopelessness among the artists on the ground.
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Posted by: admin in What planet are curators from?, Art is the first thing that goes out the window, Holland Cotter, Jumping on the artistic failure bandwagon, Art museums and filthy lucre, The failure of American Art Museums, Commerce and the failure of art, NYT arts articles, Art market decline, My published arts writing, Artistic failure in America
I have no way of knowing yet how accurate was Holland Cotter’s NYT review of the just-opened Whitney Biennial, but, based on his descriptions of the show and what I know of it myself, this assessment sounds about right:
…this year we have a Whitney show that takes lowered expectations — lessness, slowness, ephemerality, failure [emphasis mine] (in the words of its young curators, Henriette Huldisch and Shamim M. Momin) — as its theme.
A biennial for a recession-bound time? That’s one impression it gives. With more than 80 artists, this is the smallest edition of the show in a while, and it feels that way, sparsely populated, even as it fills three floors and more of the museum…
Past biennials have had a festive, party-time air. The 2004 show was all bright, pop fizz; the one two years ago exuded a sexy, punk perfume. The 2008 edition is, by contrast, an unglamorous, even prosaic affair. The installation is plain and focused, with many artists given niches of their own. The catalog is modest in design, with a long, idea-filled essay by Ms. Momin, hard-working, but with hardly a stylistic grace note in sight. A lot of the art is like this too: uncharismatic surfaces, complicated back stories…
…the overall tenor of the show is low-key, with work that seems to be in a transitional, questioning mode, art as conversation rather than as statement, testing this, trying that. Assemblage and collage are popular. Collaboration is common. So are down-market materials — plastic, plywood, plexiglass — and all kinds of found and recycled ingredients, otherwise known as trash.
As a side-note, I have visited the past two Whitney Biennials, and I have reviewed them—usually focusing on the Minnesota angle for a little Minnesota-based web-publication. I find Cotter’s quick take above on the past two Biennials to be pretty spot-on, though I’d probably be a little harsher in my assessment of the 2006 show (and, indeed, I was). So, I have no reason to doubt him about the 2008 version.
I also then must say, “kudos, Whitney!” for recognizing—like CAFA—that failure is the order of the day in art.
As a final note, I do plan, once I can break free long enough to do so, to visit this failure-focused Biennial. In a perfect world, in which I have enough time away from my day job and enough left-over energy, I’d write more regular reviews of local and national art for a hungry local audience. (I say this fully realizing that all the local art criticism venues are rapidly dying off.) Still, I’m hopeful that I can, later this spring/summer, visit the seemingly less dire, more circumspect, more internationally derived Carnegie International, which opens in May, and write a comparative survey of these two major art events.
And heck, if I can’t get the review published somewhere good, then you can be sure it’ll end up just another feature of Failure. Stay tuned!
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An inevitable result of any widespread economic downturn in America are rumblings and stories of politicians and policy-makers seeking to cut arts funding in their state. Never mind that the arts take up a rather miniscule part of any given state’s budget, and that diversion and distraction (in the form of the arts) are often what we most need in times of economic downturn, the great American impulse is: when the pocketbook constricts, it’s time to kill off the artists.
And so we’re seeing such stories start to roll out over the virtual transom:
- In New Jersey, which faces $32 billion of accumulated debt (and a $2.9 billion project budget gap this year), Gov. Corzine has announced plans for “deep cuts to higher education, health care and the arts…,” as well as to state employees’ jobs. This despite the fact that New Jersey’s art budget makes up only about $40-$50 million of an annual $33.5 billion state budget.
- Indianapolis, meanwhile, is facing its own budget woes and so is looking to cut the $1.54 million the city distributes to 75 local arts organizations. This has resulted, understandably, in a lot of nervousness among Indy’s arts community.
CAFA will continue to monitor these budget-cutting developments as more stories are published.
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So, on the eve of Hollywood’s annual bloviatathon, before we get sucked into, as A.O. Scott put it in the NYT, “the pomp and tedium of Hollywood spectacle,” let us call an end to—once and for all—any further discussions of the great (personal) waste of time that is the American Entertainmo-Industrial Complex.
Are we all agreed?… Great! Now we can return to more pertinent and pressing issues (and CAFA obsessions): The impending failure of the art market.
A recent story, in The Art Newspaper, speculates on what will be the exact timing, depth, and duration of the inevitable, looming bust. Anyone who has any sort of interest in art, or in the art market, should read this article. While there is no consensus about what shape the market crash will take, make no bones about it, arts-lovers (much as I hate to say it): Doom is neigh.
“Everyone is wondering if the downturn will be like 9/11”
New York dealers fear the worst
Brook S. Mason | 2.13.08
US dealers are admitting to sluggish sales, hesitant clients and cancelled deals amid continuing financial market woes, which last month saw America’s largest bank, Citigroup, post a $9.8bn fourth-quarter loss.
“Nobody wants to say the sky is falling but perception affects every market and clearly, we are entering a new period in the economy,” said Martha Fleischman, president of Kennedy Galleries. “The people who see art as part of their portfolio and like to flip will get an education very quickly this year,” she added.
“There are more dealers hanging on by their fingernails but no-one will go on the record,” said a prominent art world public relations expert who did not want to be named. “Everyone is wondering if the downturn will be just like 9/11,” she added.
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Here’s an interesting little story from the BBC‚ about a side-result of the recent overheated international art market. Apparently, for about two decades in Britain—until they were recently caught—a son and his elderly parents made fake artworks and artefacts worth millions of dollars.
Shaun Greenhalgh made sculptural objects and paintings that were often flatfooted copies of originals he had found in catalogues. The artists and family also created fake letters to provide provenance for the objects that fooled multiple museums and collectors.
The police became suspicious when the letters contained misspellings and incorrect samples of cuneiform script. After raiding the family’s home, the police found that the artist’s forgeries went back at least seventeen years and had netted the family at least half a million pounds—the amount found in the family’s bank account. But police said the family’s crimes did not appear to have been motivated by money.
“They didn’t own a computer or live in luxury,” said the police. “They were living in abject poverty, a very poor lifestyle, very basic.”
So why did they do it, according to police? “They had a resentment of the art market and wanted to prove they could deceive it,” said one police official. “Greenhalgh felt he was a better artist than he would ever get recognition for and he developed a general hatred of the art market and the art establishment.”
Hm, possibly true. But just about every artist thinks the same—that he’s a better artists than just about everyone else—and most don’t end up going criminal.
Or do they?
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