Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

5.13.2009

don't be soooo depressed

...As many undergraduates fret about graduation, at least one subculture of students in the expensive college landscape is exuding a decidedly morose state of mind: art students. Like many undergrads seeking specialized humanities degrees, student artists wonder what viable place they can occupy in a tightening economy, which now is luring young people into more stable careers in government, the sciences, health care or consulting...
***
Richard Freeman, a Harvard professor and National Bureau of Economic Research director, said young artists can take comfort: Young bankers are almost on par with them in choosing risky careers. Freeman, though, is hopeful for humanities majors. "If you think of a place like McKinsey consulting, and you come with an art degree, they may prefer you because they're looking for creative thinkers," he said...
***
...And some offer positions that seem to exploit young people's desperation to gain a foothold in a creative industry. "The one thing I am dealing with is that paid internships are not paid anymore," Ammadi said. "Employers ask, 'Can we get students to volunteer?'...
***
In one of her recent photo classes, Nizborski was showing classmates and the professors a project titled "Middle American Recession," a series of images of her sister, her sister's husband and their three kids in Missouri. Nizborski's sister works part time and the brother-in-law had been forced to cut back his weekly hours at a job at a concrete plant. Nizborski said her photo subjects seemed a bit baffled by her path. "They were like, 'What do you go to grad school for?'"
///Art Students' Predicament: Special Skills but Limited Prospects, Ian Shapira/// Washington Post

4.03.2009

voted #1 installation at the Hammer


pic:tryharder
after leaving Nine Lives at the Hammer, I had time to whip up this little scene down below. I call it:
Museum Downsizing
2009

3.15.2009

A UAM WIDE ANGLE Art Auction


pics:tryharder
A UAM WIDE ANGLE EVENT
Art Auction curated by Michael + Sirje Gold

(lot details)
PR: The Gold’s are curating the WA3 auction with a novel approach by pairing 31 exciting established artists with 31 artists having great promise, but little establishment. Items are sold in pairs, 2 for 1. Artists are to receive 50% of the proceeds from the auction.

3.14.2009

just a preview to come?



yeah and did you still think the art economy is fine? or is that just in NY/euro? LA celebs still hold buying rights...right? did you see all those pre-auction bids? oh yeah...was 4k for the Kienholz, OK, let's not think about that one. well I hope collectors are classier than to come to this event anyway.

more pics/video to come.
uam wide angle auction

3.11.2009

in the news

$18 for Art Institute?
ADMISSION MAY JUMP 50% | Less than three years ago, entry was free
(suntimes)

By Dave Newbart
"Like Edvard Munch's famous work now featured at the Art Institute of Chicago, the museum's proposed admission fees might make you want to scream. The institute is asking the Chicago Park District Board to approve a 50 percent increase in the admission price -- from $12 to $18 -- at its meeting today. Under the plan, students and seniors would see prices rise from $7 to $12, a 71 percent increase..."

3.09.2009

jerry, you still make the art world fun and exploratory, kudos!


What’s Selling (or Not) at the Armory Show /// Jerry Saltz

Best Saltz line: "...don't leave a brother hanging..." and with a high-five! totally lovely!

3.03.2009

new levels of art market delusion

"...Unfortunately, most of what I’ve been hearing has been only a slight variation of the above 'pretzel logic.' It’s kind of like someone who has their home on the market and refuses to adjust his price to the new reality. The seller has an emotional attachment to his property, leading him to believe that his home is different. It hasn’t gone down in value because it’s such a beautiful house, while his neighbors’ homes have declined in price because they’re not as nice as his..." THE PRICING ISSUE by Richard Polsky

1.11.2009

HOW WILL WE SURVIVE?


Pace Wildenstein (Sentry, Gallery Desks in Chelsea Series)
photography/ Andy Freeberg

Here are two ideas from Charlie:
"How would a new gallery system work? The first step would be to require written contracts between a gallery and its artists. A gallery would commit to a stable of, say, ten artists for a contractual period of five years. Each artist would receive a monthly stipend to cover the basics such as rent, food and materials. In return, any monies received from the sale of works by gallery artists would go into a collective pool to pay these stipends and the expenses of running the gallery. Part of the stipend arrangement would require the artists to commit a small amount of time weekly to working in the gallery to cut down on labor costs...

Collectors can do their part, too, as they deaccession their unwanted art holdings, by spreading the secondary market around with a collectors' register that would provide a list of works available for resale to participating galleries, similar to the multiple listings in the real estate industry. Rich collectors might also consider donating a prized Koons or Dumas to a small, struggling gallery to be raffled or auctioned off for the benefit of said gallery. Collector-curated shows, such as the ones Beth Rudin DeWoody has produced recently, could also be a financial boon to prevent struggling galleries from closing, with such collectors generously leavening their hordes in order to keep struggling galleries afloat..."
SURVIVAL STRATEGIES by Charlie Finch


Andrea Rosen (Sentry, Gallery Desks in Chelsea Series)
photography/ Andy Freeberg

PS: If anyone knows of any art related positions in the LA area please drop me a line. The LA scene is feelin' the burn, me included, and this blog ain't paying the bills.

1.09.2009

art blogger giving me ideas...


Congratulations to (Paddy) Art Fag City for making her 2008 fundraising goal!

She managed to raise over $7,600 of contributions for her single efforts running her supreme art site.

Art Fag City

Detroit is in the art world news this week


Above: Detroit Institute of Arts director Graham Beal locks the doors on the museum back in 2007 while the museum underwent its building addition. Hopefully, this closing won't ever have to happen for real!
"...GM has already notified about a dozen arts and cultural groups, including the Detroit Symphony Orchestra, Music Hall, the Michigan Opera Theatre and the Detroit Institute of Arts, not to expect any annual support from the company in 2009..." Mark Stryker/Free Press
"...There's only one truly major American art museum that's in trouble, the DIA. We'll probably know more about how much trouble at the end of the month, after AAMD's next meeting in San Diego. Word is that the DIA's condition will be a major behind-the-scenes topic..." Tyler Green/MAN
UPDATE: check out this story in the Times about museum bailouts:

Detroit Institute of Arts

The most striking change in institutional fortunes has been witnessed at the Detroit Institute of Arts, partly because the museum’s form and ambitions were so grand. Founded in 1888, and later housed in a majestic Beaux-Arts building two miles from the city’s downtown area, it was both a civic and cultural monument, “dedicated by the people of Detroit to the knowledge and enjoyment of art,” according to the words carved over its front door.

The collection is extraordinary, with renowned pictures by Jan van Eyck, Pieter Bruegel the Elder and Giovanni Bellini; one of the country’s premier troves of 19th-century American painting; and — the modernist pièce de résistance — Diego Rivera’s “Detroit Industry” murals, a proletarian fantasy paid for in 1934 by a heavy-hitting local patron, the industrialist Edsel Ford.

Comparable largess is all but nonexistent in Detroit today. Wealthy industrialists have faded from the scene. The Michigan state government gives almost no money to the institute, the city even less. In 1997 Detroit built the Museum of African-American History across the street from the institute, its spanking newness in sharp contrast to its older, crumbling neighbor.

Graham W. J. Beal, who arrived as director that year, has done much to stop the decline, largely — and this is where other museums should pay attention — through the use of material at hand. In 2007, to attract the city’s black majority and woo back white suburbanites, the museum unveiled a top-to-bottom rethinking of all the permanent galleries, with strategic shifts in emphasis.

The museum’s very fine African collection, developed by the curator Michael Kan, was placed upfront, near a main entrance, where it offers a cool yet absorbing introduction to the institute’s imperious interior. A gallery for African-American art, including Detroit artists, was added upstairs: it’s an important gesture, although something should have been done to make it look commanding rather than dutiful.

Other parts of the collection have been reinstalled by interpretive theme, with wall texts reflecting the influence of a new art history that approaches objects as vehicles of social values. The texts are bland, but the idea is sound: this is the kind of context the Metropolitan Museum in New York should be offering in, among other places, its Greek and Roman galleries. Finally, child-friendly multimedia aids were added to deliver on the museum’s twin promise of knowledge and pleasure.

Pure-art hard-liners will spurn all of this. Accessibility, they will say, means stripping the museum of the lofty mystique that is its strength. And giving prominence to what was once called ethnic art means perpetuating old cultural imbalances yet in reverse, in the interest of political correctness, the thinking goes.

I disagree. I’d be glad if the museum added even more interpretive stuff but made it sharper and more challenging. If this causes problems, it can always be changed, but what’s the problem with causing problems? African art upfront? There’s no art I’d rather see anywhere, so why not there? As for political correctness, I’m over the whole idea, especially when the expression is used to demean sincere belief.

Whatever its shortcomings, the reinstallation proves that a major museum can recharge itself from within, from its own holdings. And this kind of recharging could well become the only viable route for museums. That said, it is no guarantee of security. Mr. Beal will soon announce yet another rethought version of the Detroit Institute: a “shrunken” museum of radically reduced resources in a city in financial free fall.../// NY Times
photos: tryharder

12.16.2008

breaking news: mid-day MOCA bake sale


pics TRYHARDER

The bake sale is slow-going but probably to be expected as a mid-day sidewalk sales go on Grand St. downtown, but I do have to report that the other fast food lunch spots just around the corner were much more attended. I overheard some people say, "what a lame idea..." but I think it is just another carefully planned press strategy to keep MOCA in the headlines.

- also reported earlier today in Culture Monster

12.08.2008

peres projects has moved to the burbs


source Culver Peres above

Well, not really, but they are soon to completely close their Chinatown location and fully settle in to their new spot where the traffic and money flows (or at least still gets attention despite this art market dip): the Culver art district. This is an easily foreseen move for the gallery and should pay off for Peres, but it does pose an interesting question to the remaining galleries of Chinatown.

The move, good for Peres might ultimately be bad news for the rest. Peres, a global gallery star with another prized location in Berlin, carries heavy cred within the Chinatown community. This could mean less draw to Chinatown to see/purchase art or just add to the fading confidence in the gallery longevidy within the fickle district. (More examples of galleries coming and going HERE). Chinatown, less shmoozy and more home to an art-grady crowd, probably could be comparied to NY's lower east side/Bowery part of town. I personally would have liked to have seen Peres stay in Chinatown because it feels an appropriate parring with their edgy/underground/street roots but others, like newish the the block, Sister Gallery can now step up and inherit big "sister" status.


source Chinatown Peres above

Please come visit us for our last exhibition in Chinatown:
"Sack of Bones"
Group Exhibition
Curated by Blair Taylor and Ellen Langan
November 20 - December 20, 2008

12.04.2008

red light specials /// art miami

...It’s Kmart special time at Art Basel Miami and its satellite fairs. With collectors being “outright ruthless” in their negotiating, complains one dealer sourly, and sellers in a mood to comply, it’s all about markdowns and modest expectations. Art worlders who believe “Go big or go home” didn’t come this year...At many booths, $30,000 seems to be a magic number, as if all the art dealers in the world had met secretly at Sant Ambroeus to decide that would be the starting price point of the year for wealthy collectors... And Miami pioneer art dealer Diana Lowenstein, who opened twenty years ago, this year is offering three exhibitions, one featuring all artworks priced at $999 — her gallery was packed.
Alexandra Peers/Vulture

12.01.2008

miami art basel and the shaky economy


How will Art Miami 'fair' this coming week? Check out one opinion here:

Art Basel Miami Beach and the New Economy: Diminished Expectations or Potential for a New Democracy?

...But is a high octane platform like Art Basel capable of running on cheaper fuel? Because at current prices, galleries cannot continue to rent large booths, ship art, pay for insurance, book hotels and flights and arrange dinners without a strong confidence in market return.
If the fair no longer guarantees an A-list of international collectors, if major Europeans stay away from Miami this year, as many Americans apparently neglected Frieze, FIAC and Berlin in recent months, then ABMB would become both more parochial and less lucrative...
On a side note, I was in an LA boutique about two weeks ago and overheard a prominent LA gallery owner say that they too had just pulled out of Art Miami because it wasn't worth the art sale gamble, extra spenditure, and hassle. He/she made predictions that other art fairs would collapse and the gallery "big-wigs" would soon be making cut-backs.

Want to re-live the past with me:
here, here, here, here, here, here
Oh, the good times!

11.19.2008

uh oh news /// MOCA needs more money

LA Times /// Mike Boehm :
Los Angeles' prestigious but chronically underfunded Museum of Contemporary Art has fallen into crisis. Museum Director Jeremy Strick said MOCA is seeking large cash infusions from donors, and this week he did not rule out the possibility of merging with another institution or sharing its collection of almost 6,000 artworks...
Unlike the Los Angeles County Museum of Art, which is partly controlled by the county, MOCA receives minimal government funding. Its annual budget has grown to exceed $20 million, but it relies on donors to pay about 80% of its expenses. When the gifts have fallen short, as they have more often than not during Strick's nine-year tenure, the museum has gone into its savings...
This month, in a bid to shave 10% off operating costs, the museum announced a six-month closure of its Geffen Contemporary exhibition space, which is leased from the city for $1 a year...
Strick said it's not unusual for business-minded members of any museum board to ask about selling art to relieve a cash crunch. But the unchanging answer, he said, is that it can't be done because "our mission is preserving and protecting this collection..."

11.18.2008

more cutbacks

Sources say Pace Wildenstein, one of the largest contemporary galleries in city, let go 18 of its 146 employees Friday (12 percent of its staff). source artfagcity

11.07.2008

hilarious opportunities for artists!

wanna good laugh. or maybe cry - because the economy is so terrible that you don't have a job in your field or can't sell any art for the life of you?

*artist needed for downtown art walk...hmmm...this shows the credibility of the art walk as *REAL* art ;)
*"Are you an artist, performer or story teller with slightly old fashioned tastes?" wow, that says it all!
*family portraits...anyone?
*wanted: speed metal guitarist for 1 day (LACMA)...and best line: Long hair encouraged, wizardry is mandatory.

feel any better? nope, me neither!

image that isn't art but is


isn't this image great!
pic from nytimes.

10.28.2008

saltz on the economy + *frieze*

Today's story is from Mr. Saltz. Go here for to read the full story, excepts below:

from - At London’s big art fair, signs of financial trouble abound. But maybe that’s okay.

...In fact, though, things were different. Those of us who have frequented Frieze could see that something was off. Dealers and assistants who in recent years were always busy with clients now stood or sat quietly... Although the megagalleries like Gagosian and White Cube teemed with moneyed types and very tall women in very high heels, many younger dealers looked perplexed.

...If the art economy is as bad as it looks—if worse comes to worst—40 to 50 New York galleries will close. Around the same number of European galleries will, too. An art magazine will cease publishing. A major fair will call it quits—possibly the Armory Show, because so many dealers hate the conditions on the piers, or maybe Art Basel Miami Beach, because although it’s fun, it’s also ridiculous. Museums will cancel shows because they can’t raise funds. Art advisers will be out of work. Alternative spaces will become more important for shaping the discourse, although they’ll have a hard time making ends meet.

...As for artists, too many have been getting away with murder, making questionable or derivative work and selling it for inflated prices. They will either lower their prices or stop selling. Many younger artists who made a killing will be forgotten quickly.

...The good news is that, since almost no one will be selling art, artists—especially emerging ones—won’t have to think about turning out a consistent style or creating a brand. They’ll be able to experiment as much as they want.

...With luck, New Museum curator Laura Hoptman’s wish will come true: “Art will flower and triumph not as a hobby, an investment, or a career, but as what it is and was—a life.”

jerry saltz, nymag
***
I gotta say that as far as art criticism goes, I always manage to fully read his reviews without skimming or falling asleep. If only more critics would get to the point without jacking-off to art-speak and description.