Art

"Junction" (2011) by Richard Serra. (Photo by Lorenz Kienzle / Gagosian Gallery)

Welcome to Art Market Boom 2.0

The New York art world may be entering uncharted territory.

Why do we think so? Let’s look at the big picture: In June, dealers at the Art Basel fair reported that business was booming. Art, we were told in report after report, was selling as it had in the heady days of 2006 and 2007, when the housing crash and the worldwide economic crisis were merely theories in the heads of a few sharp-eyed economists and canny hedge fund managers.

Last month, the world’s two leading auction houses, Sotheby’s and Christie’s, announced record revenues for the first half of the year, having moved $3.4 billion and $3.2 billion worth of art and other goods, respectively.

Now, for New York: there are, at this moment, more galleries, more artists, more curators and—perhaps most significant—more square footage devoted to art than at any time in the city’s history. The art world has never been wealthier, and that wealth has never been more intensely concentrated. Read More

Art

Tom Sanford, "Portrait of a Genius" (2011)

Marlborough Gallery: Young at Heart

The artist William Powhida was a thousand miles away in Wisconsin on the evening of July 27 when a man claiming to be William Powhida drove into the ground-floor garage of the Marlborough Chelsea gallery in a vintage green Mercedes convertible, drinking from a bottle of Champagne. He sat on a couch that was barricaded off and continued drinking, inviting a few friends to join him. While an audience watched, the man bossed around an assistant, sent out messages on his Blackberry and flirted with the two svelte blond women seated next to him. A painting by the artist Tom Sanford hung on the wall: it was a depiction of the man who was in the gallery, acting the fool. In the painting, he was releasing a dove from his hands while a busty blond woman clung to his leg. It was all an act staged for a gallery opening. On the wall by the entrance, in big black letters, was the name of the show: POWHIDA. Read More

Art Books

A selection of books that David Zwirner is selling at its pop-up bookstore. Photo courtesy David Zwirner.

Summer Is a Time for Art Books

Summer is in full swing, and New York’s galleries are beginning to close up shop. It is time to retreat to the region’s fine beaches or at least air-conditioned apartments. Regardless, you will need books, and New York’s art-book purveyors have plenty of special events, sales, and exhibitions on offer. Below, five art-book events that Read More

Art

A Perfect Storm of Picasso: Gagosian and Gazillions Spur the Spaniard’s Sails

New York’s spring auction blockbuster is opening on a buzzy note: A strong stock market, a sunny spring, a good selection of million-dollar merchandise. One boldface name stands out: Pablo Picasso. Sotheby’s and Christie’s are selling a couple dozen works by the Spanish master, a far more varied selection of them than usual. Picasso lived Read More