Arte e Cultura
Artprice at the Sotheby's Institute of Art in New York: The Art Market Might Have Reached a Turning Point
To mark the publication of its 2019 Art Market Report, Artprice organized a round table at Sotheby's Institute of Art in New York to discuss this paradigm shift. Artprice would like to thank all those who attended this debate on 3 March 2020 , as well as the experts who agreed to share their ideas and the whole team of the Sotheby's Institute of Art .
When in 1937 the MoMA presented an exhibition entitled , its currator Alfred Barr exhibited works by Miro and Picasso alongside cave art tracings by Leo Frobenius . But as the prehistorian Emmanuel Guy stated on France Culture radio in June 2019 , " " In 2019, an exhibition at the Pompidou Center in Paris entitled Palaeolithic Venuses were uninhibitedly mixed with sculptures by Giacometti, Moore and Brancusi; a Miro painting was hung directly in front of prehistoric tools and tracings by Leo Frobenius were hung opposite a video by Pierre Huyghe .
We are now accustomed to these connections between extremely contrasting art forms and this type of juxtaposition are very much in vogue at the moment. For several years now, the Palace of Versailles has invited Contemporary artists to exhibit works in its gardens and salons: Jeff Koons , Xavier Veilhan, Takashi Murakami , Bernar Venet , Lee Ufan, Anish Kapoor and even Olafur Eliasson . Such 'associations' between Contemporary artists and a lavishly Baroque decor have produced a 'visual shock' each time. When it works, this shock offers an original way of contemplating older art with Contemporary pieces.
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Incidentally, Tomilson Hill may also be the buyer of the 'Toulouse Caravaggio'. When the painting sold in June 2019 , Hill was hosting an exhibition of works by the abstract painter Christopher Wool to inaugurate his brand new Foundation.
These direct or indirect associations between artists separated by several centuries offer a freedom that mirrors that offered by social networks, notably via hashtags. As for the visual clashes between Old Masters and Ultra-Contemporary works, they are clearly very popular on Instagram and Pinterest.
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Artprice is interested in hashtags because they allow us to identify trends in the art market by identifying commonalities between things as varied as places, exhibitions and artists. For example, there's a whole generation of female artists who have in common being African-American painters under the age of 50, using collage techniques to make portraits of their friends and acquaintances. There is also a whole group of artists close to the Street Art scene whose references come from popular culture and who are generating remarkable results in Hong Kong . Hashtags allow the creation of flexible links between things that could otherwise escape a traditional approach to art history, perhaps because they evolve too quickly.
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Indeed, art history has long been dominated by Western canons, of white, heterosexual, male artists. But things are changing with incredible speed and sometimes in a deliberately provocative way. In Los Angeles , the David Kordansky gallery shocked the art market by reserving certain pieces in its solo show of Lauren Hasley for collectors of a "certain ethnicity". This extreme case is however exceptional... and Kathy Battista nevertheless recognizes that
Today artworks are related by much more flexible links than before, and these links are much less restrictive and, above all, in constant evolution. Several of the MoMA's galleries should change every six months in order to show a greater number of works and propose new associations. There can be no doubt that the Art Market will have to develop new tools to adapt to this acceleration.
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