Kuhn, Martin, Edry Shea discussed on The Art Newspaper Weekly
Going alone. You know there was a very strong work actually estimator eight hundred three fifty. Now I've actually spoken to her about this. She's she's very concerned about this it's incredibly difficult and wearing syndrome. Young artists being turned over. Because there's just it's like it's like a washing machine isn't it that's a spin cycle And if you have the right connections and you're rich enough you get in at the beginning and then you get out in time And the rest is desperate to try and by the work and usually by too late and they get lumbered with this. And it's and this. This whole cycle whole this whole dynamic is very concerned for the market. As a whole I think with calls it's just bonkers and you had a really interesting piece that you actually usually root for for the art newspaper recently which is about kind of like populace Martin tasted are How how is that? Maybe shifted over the past few few years and how is that affecting the market his younger artists. Just wondering to what extent. S- those two wills into into sex. I think banks in Kohl's very very so separate markets from the super Super Hot markets will young anointed artists from fashionable galleries. I think not slightly different I wonder how long the calls things can go on for. I'm not sure sculptures particularly interesting. There was a big painting sculpture From edition of Ten plus two is estimated mated at three hundred made eight hundred thirty six thousand That the sculptured the paintings I sort of understand and but the sculpture. I just find completely anonymous and mad. Why is that well this thing and then his time you're going to be looking at the? This is losing me a Lotta money speaking city in the cool room make you look fool. I think Speaking of cause and banks You know we're obviously coming to the end of twenty nine thousand nine here moving into a new decade. Their markets have been the most astronomical made in the last decade. Are there some other artists that you know have had a miraculous rise or miraculous fall in some ways over the past decade or any larger your trends. That you've been noticing since you know. Obviously we were in a very different financial place. Sure back in two thousand nine right after the financial crash and now we're kind kind of staring down the barrel of possible. Recession trade war is brexit. The whole Shebang wonder if you're seeing any kind of trends that you can spot okay in the last ten years of the first thing to say though of course is the that there's no The people aren't losing any money right. Yeah the guessing guessing richer and richer and richer The that the context for all this is is Thomas Spaghetti wrote the script book called capital for century and antique came up with this one fulfilled relation which is aw is always greater than Jesus returns on capital are always greater than growth which is linked to contagious so the rich get richer and richer and richer so the money is all they just they just get distracted sometimes and they're a bit distracted moments and that's that's that's the the only problem no way but what is it from. The market is blue chip off and finding new blue chip artists because house Very interesting came back to this. Aunt net report on staggered to see that in the first half of two thousand nineteen coils made mort Olshan as you'll Michel Basquiat which is a bit of a moment. Now oversleep owners of of a Big Ticket buskers. Don't want to put them on the market and they're they're concerned okay. Let's understood but with with basketball top. Ask as not coming on the market. Warhol's Kuhn's the traditional blue chip where the auction houses GonNa make the numbers. So what I have noticed is the way. They're trying in to pump up secondary names as blue chip and in London in October album. Oland suddenly be was meant to be a great artist. uh-huh so we had to deal shows. We had Serpentine Gallery Exhibition which was sponsored by subsidies and Gagosian and there was a load of Alba Roland sales. which did all right? It didn't actually have a transformative effect. I think Edry Shea last night was another example of this Now he's interesting artist in academically and in terms of art history. That's in terms of Papa. You know he doesn't have the directs. The visual impact of Warhol Lichtenstein or Allen Jones Frogman. Say but what I thought was interesting was that they gave gave that painting. Take Pride of place where the Kuhn's Bundy had been in this shrine to blue chip timeless. Ause I thought they were really pushing the envelope there but on the other hand it made fifty two million now. Is that a reflection of well. Find the histories catching up with Trichet. All this just a hell of a lot of money in California. It's probably a mixture of the two but I think the trend next decade will be. The auction house is desperately trying to find blue chip names to replace Bacon Rick to all the others and I think they're struggling because we're not living living in a great period of I would say.