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I have mixed feelings from my perspective of being into art. One of my favorite artists just came out with an NFT. They also do limited edition 'drops' which I
by dillondoyle 6y ago
I have mixed feelings from my perspective of being into art.
One of my favorite artists just came out with an NFT. They also do limited edition 'drops' which I would much prefer an actual print, but I've missed them on Instagram or haven't hit refresh fast enough.
Check out the app NTWK i think a more interesting way to bring art online. They have live stream videos of launches, more like actually visiting a show. And they also have more fair raffles instead of whoever hits refresh first.
For now these releases are more accessible (but still not totally), and the artist doesn't have to give 50% to a gallery (yet?).
But it's still a reseller scalper market.
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Long context / my thoughts if interested:
Art is incredibly exclusive. For small collectors it's almost impossible to get in on rising stars; sucks if you have supported them from before they started getting big and now it's way out of your price range and even if not you don't have the connections to buy.
Check out @jerrygogosian they always have a good take lol.
Galleries will say there is a waitlist. The waitlist is a lie.
Can't see art in person at fairs anymore. But you can still get a PDF to zoom in on though!
no prices. And all pieces are pre-sold lol.
Nina Chanel Abney - who recently made it 'big' - posted on her stories the other day the typical large gallery email response to a buy inquiry:
'i can put your name on the waitlist. But what is your collection like, what artists do you own.'
She replied she has the largest collection of Nina Chanel lol. I guess the intern didn't recognize her name. Unless you buy other artists that the gallery is trying to prop up you can't get the actual artist you want.
Also the book 'Dark Side of the Boom' does a really good job laying out the start of contemporary art and how a few gallerists ended up controlling - often colluding - to corner the market, increase prices, and make art inaccessible.
At the high end contemporary art is a levered asset (you can get loans against it) so there is incentive to artificially prop up the price at auction to get bigger loans and higher returns.
BUT there is still a huge amount of accessible art, only 1% or less of artists make a sizable living. So if you are in it for the art there's a ton out there and it feels good to support a struggling artist (almost all are) even if a gallery gets 50%.
Maybe you even get lucky and pick an artist that others connect to and then you can't afford it anymore haha. Has happened to me 2 coming up on 3 times so far.
Check out Yale graduates and a few other non-profits or galleries that do like sponsored residencies.
But bet your ass senior directors at Gagosian look there too - you know while they aren't busy sexually harassing & abusing their wealthy white pretty staff.
https://www.instagram.com/p/CLsua3Klz0LIJMR_t0RiRsii_2AclS4gsLOP0g0/ https://www.instagram.com/p/CLsua3Klz0LIJMR_t0RiRsii_2AclS4g...
https://instagram.fapa1-1.fna.fbcdn.net/v/t50.2886-16/88710050_947517819324877_4850393155004681007_n.mp4 https://instagram.fapa1-1.fna.fbcdn.net/v/t50.2886-16/887100...?
- biztos 6y agoI sympathize with your somewhat jaded view of blue chip galleries, but for those of us who don’t much care about the latest fad, collecting art is still amazing and fun and utterly rewarding. Instagram is a revolutionary tool for artist discovery. There is really good work available at almost any price point. We live in a golden age of artistic creativity, worldwide, and while the big-money end of it can be depressing all the rest of it is just mind-bendingly awesome!