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Loyal buyers secure a positive start - The Art Newspaper

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4 THE ART NEWSPAPER ART BASEL/MIAMI BEACH DAILY EDITION 4 DECEMBER 2008<br />

Trends<br />

Is glitzy art on the way out?<br />

<strong>The</strong> changing market may diversify the works being produced<br />

Prices aren’t the only thing<br />

different about the art on offer<br />

at ABMB this year: tough<br />

economic conditions have<br />

also influenced what many<br />

dealers have brought and<br />

what many collectors are buying.<br />

Eventually, the times may<br />

also affect what art is made.<br />

In a word—or a few—big,<br />

glitzy, high-cost art is out,<br />

replaced by smaller, less<br />

showy works that don’t<br />

require artists or dealers to<br />

take out a mortgage to produce,<br />

or collectors to build<br />

showcase museums to display<br />

their treasures.<br />

“<strong>The</strong> art here is more conservative,<br />

more accessible<br />

and more residential-compatible,”<br />

says Ann Richards<br />

Nitze, who both collects and<br />

guides other collectors.<br />

Advisor Todd Levin agrees:<br />

“That whole big ‘I’m going to<br />

build a museum, here’s the<br />

huge coffee-table book’ thing<br />

has gone ‘poof!’ So all those<br />

huge installations have disappeared<br />

from the fair. Now people<br />

are returning to cocooning,<br />

so they want domestic-size art<br />

that they can live with.”<br />

Diamond-dusted works seem<br />

to be gone, too, also a casualty<br />

of the times. <strong>The</strong> tone is simply<br />

different this year.<br />

Some long-time collectors<br />

welcome the trend as good<br />

not only for their budgets but<br />

also for artists, especially<br />

those who’ve struggled to get<br />

noticed in the money-driven<br />

market of the past several<br />

years. Now people may look<br />

for these kinds of artists—the<br />

young or overlooked. “I’ve<br />

heard collectors saying: ‘I’m<br />

going back to my roots of collecting<br />

younger artists’,” says<br />

Andrea Rosen (C15).<br />

In fact, this is the kind of<br />

market that collectors such as<br />

Agnes Gund, president emerita<br />

of the Museum of Modern<br />

<strong>Art</strong>, says she likes. “<strong>The</strong> froth<br />

is gone. <strong>The</strong>re’ll be less<br />

blingy art,” she says. “<strong>The</strong><br />

market is better for selling<br />

less-well-known but important<br />

artists like Lynda<br />

Benglis. She’s finally coming<br />

into her own.<br />

“I’ve sold a lot of Lynda<br />

Benglis works from the<br />

1970s to significant collections<br />

and institutions, and<br />

she’s not the only one in this<br />

category,” Ms Rosen adds.<br />

Something similar happened<br />

the last time the art<br />

market plunged. After the<br />

1991 decline, according to<br />

Charles Moffatt, a senior vice<br />

president at Sotheby’s, “people<br />

looked seriously at art that<br />

they weren’t looking at seriously<br />

before, because suddenly<br />

things that were purchased<br />

casually became serious purchases.”<br />

This, he continues,<br />

“created a more pluralistic<br />

market, stylistically. <strong>The</strong>re<br />

was more word-based art, figurative<br />

art, photography and<br />

so on. Everyone’s vision<br />

broadened because of the<br />

lower price points.” Moffatt<br />

says that artists like Cindy<br />

Sherman benefited—her<br />

work grew in prestige and her<br />

prices began to rise steadily.<br />

Quick sale: Isca Greenfield-Sanders, <strong>The</strong> Lighthouse, 2008<br />

Examples at ABMB could<br />

include Isca Greenfield-<br />

Sanders, a 30-year-old painter<br />

represented by Berggruen<br />

Gallery (J4), who makes<br />

somewhat representational<br />

works from vintage photographs<br />

she buys at garage<br />

sales. “We’ve had two exhibitions<br />

for her, and we sell<br />

every work we get,” says<br />

Gretchen Berggruen.<br />

Lighthouse, 2008 (shown<br />

above), sold for around<br />

Tom Krens, the<br />

Guggenheim Foundation’s<br />

former director<br />

and now senior advisor<br />

for international projects<br />

with a brief that<br />

covers the Guggenheim<br />

Abu Dhabi, said<br />

the giant museum,<br />

scheduled to open in 2013/14,<br />

has hired an international<br />

committee to advise on artists<br />

and acquisitions. In an interview<br />

with <strong>The</strong> <strong>Art</strong> <strong>Newspaper</strong>,<br />

he said the group of 12 Middle<br />

Eastern curators includes<br />

Sharjah Biennale director Jack<br />

Persekian; Tirdad Zolghadr,<br />

independent critic and curator;<br />

Christine Tohme, director of<br />

Beirut-based arts organisation<br />

Ashkal Alwan; William Wells,<br />

director of Townhouse<br />

Gallery, Cairo; Vasif Kortun,<br />

director of Platform Gallery,<br />

Istanbul; and the Moroccan<br />

Abdellah Karroum, director<br />

$50,000 in the first hour of<br />

the fair. Berggruen puts<br />

Christopher Brown, who also<br />

paints in an “abstracted representational<br />

and figurative”<br />

style, in the same category,<br />

and bets that his piece<br />

Windward, 2008, priced at<br />

$80,000, will also sell.<br />

“We work with people who<br />

are looking for artists that<br />

were never part of the superinflated<br />

market, where there’s<br />

a good record of exhibitions,”<br />

Guggenheim Abu Dhabi appoints<br />

informal acquisitions group<br />

of L’Appartement 22<br />

in Rabat.<br />

<strong>The</strong> group is an<br />

informal one. “We are<br />

attempting to imagine<br />

what the art world will<br />

be like in ten years’<br />

time, and we are looking<br />

at local, South<br />

Asian, Asian, Russian, Latin<br />

American and US artists,” Mr<br />

Krens said.<br />

Mr Krens, who described<br />

the museum as “pharaonic”,<br />

said its budgets are unaffected<br />

by the financial crisis. “It’s<br />

like an ocean liner. <strong>The</strong>re may<br />

be some storms on the way,<br />

but it will sail on,” he said.<br />

<strong>The</strong> Frank Gehry-designed<br />

building will have eight open<br />

spaces in the form of conical<br />

windtowers, which offer<br />

11,000 sq. m for large-scale<br />

commissions (for comparison,<br />

the Tate Turbine hall is “just”<br />

3,840 sq. m). “You could have<br />

Frank Gehry’s mock-up of the Guggenheim Abu Dhabi, 2007<br />

says Berggruen. “<strong>The</strong>re are<br />

more people like that now.”<br />

It’s not just taste that is<br />

changing what’s available. In<br />

part, the big installations have<br />

declined in number, and are<br />

likely to drop further, because<br />

they require financing, often<br />

from the artist’s dealer. “It’s<br />

not financially prudent to<br />

fund something for millions<br />

of dollars,” says Tim Poe, of<br />

Blum & Poe (C17). Some<br />

dealers—like James Cohan<br />

(C8)—say they’ll continue to<br />

try to help their artists. “When<br />

given the opportunity to fund<br />

an important work, it’s impossible<br />

to say no,” Cohan says.<br />

But overall, says Barbara<br />

Gladstone (E11): “<strong>The</strong>re<br />

won’t be as many things that<br />

cost a ton of money to make.”<br />

Gladstone says that the<br />

economy alone won’t change<br />

the art of the times, but she<br />

adds that the recent US election<br />

may be an influence. “I’d<br />

look for something more<br />

political and soulful from<br />

young artists,” she says. “It’s<br />

also about objects and change<br />

and belief again, instead of<br />

cynicism.”<br />

So while it may be just spin,<br />

maybe the drop in prices will<br />

be a tonic for art, if not for galleries.<br />

<strong>The</strong> worst of times<br />

could bring the best of times.<br />

Judith H. Dobrzynski<br />

the Sistine Chapel or the<br />

Olafur Eliasson Waterfall,<br />

that’s the scale,” said Mr<br />

Krens. <strong>The</strong> museum’s core<br />

“classical collection” of art<br />

will be built up by a committee<br />

that has not yet been finalised,<br />

but Mr Krens has previously<br />

said that the crown prince of<br />

Abu Dhabi is providing<br />

$781m towards acquisitions.<br />

“Buying will be through<br />

galleries, at auction and directly<br />

from the artists,” said Mr<br />

Krens. Longer term, in phase<br />

two of the cultural project, Mr<br />

Krens said there were plans to<br />

create three 10,000 sq. m<br />

spaces “comparable to the DIA<br />

Beacon or Mass MoCA<br />

model”. Asked how many visitors<br />

he expected annually, Mr<br />

Krens said: “We can’t predict,<br />

but our best market analysis<br />

suggests 800,000 per year.”<br />

Georgina Adam and<br />

Antonia Carver<br />

<strong>Art</strong>ists<br />

Picabia: a star is reborn<br />

Carried by multiple galleries, the<br />

dada dandy is the talk of the fair<br />

At an art fair that seems to be<br />

embracing quieter works over<br />

the attention-seeking glitz of<br />

recent years, Francis Picabia<br />

(1887-1953) has emerged as<br />

an unexpected star of ABMB.<br />

One of the artists spotlighted<br />

in the <strong>Art</strong> Kabinett solo displays,<br />

the dandyish French<br />

painter, poet and filmmaker—<br />

whose work ranged from dada<br />

to pin-up portraits—is making<br />

a strong showing. His work<br />

can be seen at Mary Boone<br />

Gallery (H7), Michael Werner<br />

Gallery (F13), Francis<br />

Naumann Fine <strong>Art</strong> (K2),<br />

Waddington Galleries (J7) and<br />

Patrick Painter (C1).<br />

Lori Spector, of Haas &<br />

Fuchs (H1), the Berlin gallery<br />

responsible for presenting<br />

Picabia in <strong>Art</strong> Kabinett, says<br />

the artist’s widespread presence<br />

suggests “a level of connoisseurship”<br />

that has returned<br />

to the fairs. “I think when you<br />

have changes in the market,<br />

people re-evaluate why they<br />

were buying things in the first<br />

place, and so I think now people<br />

are actually looking at<br />

objects a little more carefully<br />

and doing research about<br />

Documenta director named<br />

Correction<br />

artists, and not necessarily running<br />

to just buy the next hot<br />

thing.” Prices range from<br />

€100,000 to €700,000.<br />

Picabia’s influence on<br />

younger artists, from the US<br />

painter Philip Pearlstein to the<br />

Swiss sculptor Urs Fischer,<br />

has led to his recent reconsideration.<br />

Ron Warren, the director<br />

of the Mary Boone Gallery,<br />

says they flanked Picabia’s<br />

Vision, 1938, with two works<br />

by the US painter David Salle<br />

because of the debt the<br />

younger artist owes the French<br />

artist. A European collector<br />

bought Vision for $200,000.<br />

Warren was surprised to see<br />

so many Picabias at the fair.<br />

“It’s really interesting when<br />

Clockwise from above:<br />

Composition Abstraite, 1938;<br />

Personnages Transparence,<br />

1935; Portrait of a Woman,<br />

1951<br />

this happens so suddenly out<br />

of nowhere—something coalesces<br />

and you <strong>start</strong> thinking<br />

about an artist again,” he said.<br />

“I don’t think Picabia is an<br />

artist that people have thought<br />

about a lot recently.” Anyone<br />

looking for proof of the artist’s<br />

relevance needed only go to<br />

Werner’s stand, where the<br />

outer wall was given over to<br />

ten Picabia portraits almost<br />

seamlessly mixed with nine<br />

Peter Doigs. “It kind of just<br />

happened,” said the dealer,<br />

who sold six of the Picabias—<br />

which ranged from $175,000<br />

to $300,000—by 3.30pm. “We<br />

put them down on the floor<br />

and the Doigs worked perfectly<br />

with it.”<br />

Andrew Goldstein<br />

Carolyn Christov-Bakargiev has been named as director of<br />

Documenta 13 (9 June-16 September 2012), the major contemporary<br />

art exhibition held every five years in the central<br />

German town of Kassel. Ms Christov-Bakargiev is currently<br />

chief curator at the Castello di Rivoli Museum of<br />

Contemporary <strong>Art</strong> in Turin. She was the artistic director of the<br />

16th Sydney Biennale (2008).<br />

Gareth Harris<br />

On page 4 of yesterday’s paper, we said that the artist’s proofs<br />

of My Lonesome Cowboy, 1998, and Hiropon, 1997, were “consigned<br />

[by Murakami] to Marianne Boesky, were broken up, and<br />

both sculptures eventually hit the block”. In fact, Marianne<br />

Boesky did not split up the works or deal with the artist’s proofs.<br />

In 1997 the first edition of Hiropon was sold by Murakami via<br />

Feature gallery and eventually made its way to Richard Cooper<br />

(and was later bought by Victor Pinchuk). Ms Boesky later<br />

received its pair, My Lonesome Cowboy, which she sold in 1998.<br />

It was then sold to Pinchuk this May via auction at Sotheby’s.<br />

<strong>The</strong> pair has now indeed been reunited. Edition two and the first<br />

artist’s proof were sold by Blum & Poe to the Nortons and<br />

Vanhaerents respectively. Ms Boesky sold edition three as a pair<br />

to the Logans to place with SFMOMA.

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