Why the Art Gallery System Is Flawed

Why the Art Gallery System Is Flawed

Determining the economics of today’s art gallery system in the Western World can be quite difficult for the uninitiated. It’s crucial to remember that most, if not all, primary art sales take place in art galleries. When we talk about primary art sales, we refer to art being sold directly by the artist and not […]

Art and Money Series Part. 2: Why It’s Complicated

“I always loved swimming pools, all the wiggly lines they make,” said David Hockney, the author of a painting “Portrait of an Artist (Pool with Two Figures)” that set the record for a work by a living artist sold atauction. “If you photograph them (swimming pools), it freezes them whereas if you use paint, you […]

Collector Extraordinaire: Peggy Guggenheim and 20th Century Art Patronage

Peggy Guggenheim and her beloved Lhasas | Image source: viaggidiarchitettura.it

I look back on my life with great joy. I think it was a very successful life. I always did what I wanted and never cared what anyone thought. “Had her private life been less colorful, would what she did for art seem less interesting?“ Anton Gill, the biographer of Peggy Guggenheim, asked this question […]

Witnessing the Painful Fall of the Art Gallery Business

In just the past few years, we’ve heard about more and more galleries closing across many cities around the world. After 22 years, L.A.’s ACMA Gallery shut its doors abruptly with little explanation. London’s Limoncello announced its closure in 2017, citing, “The numbers didn’t add up”. And closing in August 2018, New York’s Envoy Enterprises […]