Time and Place: Art of Detroit's Cass Corridor
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Annual Art Investment Report Part 2
Transparency for the Global Art Market Since 2004 2012 ANNUAL ART INVESTMENT REPORT PaRT 2 155 East 56th Street, 4th floor, New York, NY 10022 USA +1.212.514.6010 WWW.SKATEPRESS.COM Introduction 3 Executive Summary 5 Key Art Industry Statistics Based on Skate’s Art Industry Scorecard 7 Exhibit 1: Businesses in the Art Industry 7 Exhibit 2: Skate’s Top 10 Art Industry Companies 8 Auction House Business as a Leading Art Industry Activity 8 Art Dealers (Galleries) Make Up 18% of Art Industry 9 Exhibit 3: Top 20 Art Dealers (Galleries) 11 Mushrooming Art Fairs: Opportunity or Threat? 11 ANNUAL ART Exhibit 4: Top 30 Art Fairs Worldwide 13 Online Art Trading as the Fastest Growing Art Industry Business 14 Exhibit 5: E-commerce Companies in Skate’s INVESTMENT Art Industry Scorecard 14 Exhibit 6: Top 10 E-Commerce Companies by Distribution Power 15 Exhibit 7: Top 10 E-Commerce Companies REPORT by Artistic Merit 16 Exhibit 8: Online Business Practice Penetration in Art Industry Space 18 STATE OF THE GLOBAL ART INDUSTRY Information as Art Industry Currency 18 PART 2 Art and Finance: Solid Art Industry Collaboration Explored in Three Ways: Art Investment Funds, Art Lending and Art Banking 20 New Influx of Art Investment Funds Expected 20 Art Lending Activity Among Fastest Growing Businesses 21 Art Banking: From Biggest Corporate Collections to Financial Services in Art 22 Exhibit 9: Top 10 Banks Involved in the Art Industry 24 Publicly Traded Companies in the Art Industry 24 Exhibit 10: Listed (Investable) Universe of the Global Art Industry 25 Exhibit 11: Skate’s Art Stock Index (Public Companies in the Global Art Industry) 27 Exhibit 12: Skate’s Art Stocks Index Performance 28 Exhibit 13: Skate’s Art Stocks Index vs. -
The Self-Organization of Contemporary Art in China, 2001–2012
Bao Dong Rethinking Practices within the Art System: The Self-Organization of Contemporary Art in China, 2001–2012 The Origin of the Term “Self-Organization” in China The term “self-organization” was first used in the context of contemporary Chinese art in 2005 at the Second Guangzhou Triennial curated by Hou Hanru, Hans Ulrich Obrist, and Guo Xiaoyan. Self-organization was one of the special projects of the triennial, and there were two panel discussions on the topic. The exhibition theme “Beyond” focused on the topic of alternative modernity in China and non-Western countries, and the term self-organization was defined by the following statements: “A number of independent art organizations, institutions, and communities have taken an active role in artistic creation and practice” and “their projects are often diverse, flexible” and “self-induced in nature.”1 Altogether, twenty-four self- organized groups2 were included in this project, and for the curators, the concept of “self-organization” was used to differentiate independent and autonomous organizations from those attached to government systems or political parties. This feature is also the fundamental difference between the various artist-run autonomous organizations and the organizations within the conventional art system as constituted by Chinese Artists Association, along with the various academies of painting, art institutes, museums, and so on. In other words, self-organization is considered a force operating outside of the conventional art system, just as the inception, growth, and flourishing of contemporary Chinese art is believed to have been achieved outside of official systems. In terms of any independence from the conventional art system, self- organization is not a new phenomenon in the contemporary Chinese art scene. -
Puzzling out Detroit
From America IN EVERY EDITION OF PARKETT, TWO CUMULUS CLOUDS, ONE FROM AMERICA, THE OTHER FROM EUROPE, FLOAT OUT TO AN INTERESTED PUBLIC. THEY CONVEY INDIVIDUAL OPINIONS, ASSESSMENTS, AND MEM ORABLE ENCOUNTERS—AS ENTIRELY PERSONAL PRESENTATIONS OF PROFESSIONAL ISSUES. PUZZLING OUT DETROIT If, as Vladimir Nabokov says, curiosity is insubordination in its purest form, NARI WARD, WHITE FLIGHT TEA BAR, 2006, ceiling tiles, green tea, tables, seats, Styrofoam cups, thermoses / what does it mean that people are TEE BAR WEISSE FLUCHT, Deckenplatten, Grüntee, Tische, Sitze, Styropor-Becher, Thermoskannen. less curious than opinionated about Detroit?1' Views of the city tend to be strong, and categorized: Great (sports, MOCAD occupies a twenty-one thousand generating discussion around the spe tracks down that m aster piece, that link music, proximity to Canada, big-heart square-foot former auto dealership, cific issues facing the Detroit cultural between the other ones on the table, ed people, historic architecture); Bad which stood empty for decades. The community: diffusion and isolation. there is a condition of dispersion.2* (crime, cars, car companies, decay, space has been described as raw, bat Thanks to the auto industry, urban The area faces another problem: poverty, new architecture). Neither tered, cavernous, vagrant, generous, and suburban planning, spontaneous lack of steady global dialogue. While view is entirely untrue. At the same spare. The museum opened on a shoe and reckless development, Detroit is Detroit art institutions and galleries time, neither expresses a real sense of string budget to large crowds, in October deeply segregated, and not only along host well-attended contemporary art Detroit, its sprawling metro region, 2006, with a skeletal staff, a dedicated the lines of race and class. -
MUSEUM ART Spring Issue 2018
& MUSEUM ART Spring Issue 2018 ICE AGE ART: AN NATIONAL GALLERY EXTRAORDINARY OF IRELAND LEGACY EMIL NOLDE EXHIBITION CONTENTS 12 ANGELA ROSENGART 14 Interview with Madam Rosengarth about the Rosengarth Museum IVOR DAVIES Inner Voice of the Art World 04 18 NATIONAL GALLERY OF IRELAND SCULPTOR DAWN ROWLAND Sean Rainbird CEO & Editor Director National Gallery of Ireland Siruli Studio WELCOME Interviewed by Pandora Mather-Lees Interview with Derek Culley COVER IMAGE Emil Nolde (1867-1956) Self-portrait, 1917 ART & MUSEUM Magazine and will also appear at many of Selbstbild, 1917 Oil on plywood, 83.5 x 65 cm MAGAZINE the largest finance, banking and Family © Nolde Stiftung Seebüll Office Events around the World. Welcome to Art & Museum Magazine. This Media Kit. - www.ourmediakit.co.uk publication is a supplement for Family Office Magazine, the only publication in the world We recently formed several strategic dedicated to the Family Office space. We have partnerships with organisations including a readership of over 46,000 comprising of some The British Art Fair and Russian Art of the wealthiest people in the world and their Week. Prior to this we have attended and advisors. Many have a keen interest in the arts, covered many other international art fairs some are connoisseurs and other are investors. and exhibitions for our other publications. Many people do not understand the role of We are very receptive to new ideas for a Family Office. This is traditionally a private stories and editorials. We understand wealth management office that handles the that one person’s art is another person’s investments, governance and legal regulation poison, and this is one of the many ideas for a wealthy family, typically those with over we will explore in the upcoming issues of £100m + in assets. -
Locating Vietnamese Contemporary Art Scene
Locating Vietnamese contemporary art scene An ethnographic Hong-Ngoc TRIEU attempt from afar TRI14437741 Abstract. Initially, as a student majored in Design Cultures, I was intrigued in Vietnam precisely because I barely knew anything about the art history of my country. Having exposed to the studies of Design Cultures and Histories, I set out to fnd how Vietnamese art history is chronicled by putting it in a complex relationship with the sociocultural and political background. Identifying and locating art from a place like Vietnam that rarely fgures in art history cannot be done overnight as I am thousand miles away from the happenings. This essay, thus, is my humble attempt to look at Vietnam’s contemporary art scene through an afar-ethnographic approach mainly by fexible design methods such as interview, survey, case study, discourse analysis and participant observation. Given how little experience in the real-world research and history learning that I possess, my fndings are based on personal analysis, percep-on and hence, do not necessarily reflect other’s views on the same topic. Entrance to contemporary art scene: tracing the Vietnamese art history In order to investigate the Vietnamese reform in 1986, where restriction on contemporary art scene, I am essentially artistic creativity were steadily relaxed asking the question of how it is and hence allowed artist greater freedom constructed and perceived within the art of expression and facilitating exposure to community and the stream of Vietnamese contemporary trends in both Asian and history of art. While world contemporary Western art. However, unlike the world art had started and risen to prominence contemporary art with its rich outline of since the 1950s - 1960s, its Vietnamese artistic movements in term of quantity, counterpart only came into existence in the diversity and quality, Vietnamese latter decades of the twentieth century; contemporary art scene has barely seen therefore, it is relatively new to the public. -
When Financial Products Shape Cultural Content Report: the Ethics
Subject: Art Market Project: Report Date: July 2018 When Financial Products Shape Cultural Content (Title) Report: The Ethics of the Art Market (Document Type) Sébastien Montabonel & Diana Vives (Author / Co-written by) Published by Art Institutions of the 21st Century for Alaska Editions THE ETHICS OF THE ART MARKET: JULY 2018 WHEN FINANCIAL PRODUCTS SHAPE CULTURAL CONTENT 02 03 Foreword 06 CONTENTS Introduction 10 I. Primary and Secondary Markets 14 II. Value, Price and Brand 22 III. The Squeezed Middle 30 IV. From Cultural Artefacts to Financial Products 38 Conclusion 50 The Foundation 56 Trustees and Advisory Board 58 04 05 There seem to be a lot of myths around the modern art market, FOREWORD which is understandable, as we are historically inclined to seek, and at times to invent, explanations of powerful phenomena. Interestingly, though the reports and articles are well-crafted and researched, many are penned by writers who haven’t set foot at senior management level, or as participants with skin in the game. The narrative is often spun from someone relating what they heard that someone else thought about what someone else knew from a sure source. It makes for good fiction and the sheer volume of it drowns out the real questions and astute backstage glimpses. So, we keep reading the most incredible stories about the global reach, financial muscle and many intrigues of a world that evolved over a few decades from an insular, relationship-based and largely unregulated cultural domain, to a fast-moving global industry. This content has been widely distributed and shapes our understanding and beliefs about the art market. -
Constructing Hedonic Art Price Indexes for the Polish Painting Market
E AESTIMATIO, THE IEB INTERNATIONAL JOURNAL OF FINANCE , 2015. : 110-133 DOI:10.5605/IEB.10.5 L 10 C © 2015 AESTIMATIO , THE IEB INTERNATIONAL JOURNAL OF FINANCE I T R A H C R Constructing hedonic art price A E S E indexes for the Polish painting market. R Using direct and indirect approaches Witkowska, Dorota Kompa, Krzysztof ̈ RECEIVED : 3 AUGUST 2014 ̈ ACCEPTED : 17 NOVEMBER 2014 Abstract Artworks can be considered either as an aesthetic attraction or as an investment opportunity. Investing in art has been treated as an alternative investment asset used to diversify the portfolio or as collateral, especially during times of uncertainty in financial markets. It should, however, be noted that certain specific features of artworks mean that investment in art cannot be compared to investment in conventional assets. In order to decide whether art is a good investment, it is necessary to estimate the expected returns that might be generated by such an investment. This requires the development of an art price index. The aim of this paper is to examine artworks as investment assets and to construct a price index of paintings made up of 17 Polish artists whose artworks were most often traded at auctions held in Poland between 2007 and 2013. In our research, we employ data on 1710 objects and apply the hedonic index methodology to estimate returns from the paintings market. Keywords: Art market, Hedonic price index, Investment, Alternative investment asset, Financial markets. JEL classification: Z11, C43, C51, G11 Witkowska, D. Department of Finance and Strategic Management, University of Lodz, 22/25 Matejki St., 90-237 Lodz, Poland. -
Jeffu Warmouth: NO MORE FUNNY STUFF Is the First Solo Exhibition in the Fitchburg Art Museum’S New Series of Shows Devoted to Contemporary New England Artists
Fitchburg Art Museum in Partnership : with Fitchburg State University Presents: February 9 - June 1, 2014 Table of Contents 1 Foreword 3 Acknowledgments 5 A Word From The Artist 7 Introduction 9 JeFFu’s FFantastic FFunhouse Exploring Galleries 13 Experimental Performance 23 Playing With Your Food 51 Falling Into A Digital Paradise 19 Rethinking The Motion Picture 91 Exhibition Checklist 95 Biography 103 Bibliography Foreword: Jeffu Warmouth: NO MORE FUNNY STUFF is the first solo exhibition in the Fitchburg Art Museum’s new series of shows devoted to contemporary New England artists. It’s fitting – and important – to begin with Jeffu, because he is Fitchburg’s best-known contemporary artist. His work has been shown across the United States, and abroad, and he has been a vital participant in the regional visual arts community for two decades. This exhibition also reflects the deepening relationship between AMF and Fitchburg State University as we work together to create enhanced artistic and educational experiences for Fitchburg State students and FAM’s audience. A show as complex as Jeffu Warmouth: NO MORE FUNNY STUFF would have been impossible for FAM to achieve alone. Fitchburg State contributed the hard work and creativity of its faculty and students in myriad ways, provided technology and IT support, and invested funds in the exhibition. In return, their students enjoyed a real professional challenge while developing career-boosting portfolio materials. This pilot collaboration worked so well, that it will be continued for future shows at FAM. I would like to thank Fitchburg State President Robert Antonucci for his generosity of spirit and resources, and Professor Rob Carr for his vision and passion. -
RU Newsletter June 2019
Like Tweet Pin +1 in JUNE INCOMING RU RESIDENTS RU is pleased to announce this month’s residency cohort of US-based artists: Arghavan Khosravi (MA ) and Serge Serum (LA), both selected for residencies focused on discrimination and marginalization issues. This program made possible with funding from NEA/Artworks and NYC Cultural Affairs. We also welcome incoming artists Takayuki Matsuo (NYC/Japan) and Sebastien Berger (Germany). RU JUNE PUBLIC PROGRAMS -June 1, 4-7pm at Chashama Midtown, COCOONS, open studio with Eduardo Navarro, discover the prolific production of this Panamean artist and a unique site-specific installation; -June 8, 12-5pm at Equity Gallery, RU Exhibition Closing: Dynamis, with Rashwan Abdelbaki, Chantal Feitosa, Kyung-jin Kim, Cansu Korkmaz, and Angélica Maria Millán Lozano; curated by RU alum Luciana Solano and hosted by Equity Gallery. -June 13, 1pm at RU, Meet Over Lunch: Queer Forever! and the contemporary art scene in Vietnam, by visiting Hanoi-based artist and curator Nguyễn Quốc Thành, co-founding member of the Nha San Collective (NSC). In conversation with Bartek Remisko; -June 19, 1pm at RU, Meet Over Lunch: RU artist Gabriella Ciancimino presents her mural project Smell in Dialect and the key role of community engagement for Smell in Dialect, commissioned by NYC Health + Hospitals/Kings County for the pediatric unit; -June 29, 1pm-5pm, RU Exhibition: RU Argentinian artist and muralist Joaquin Zavaleta unveils a site-specific mural commissioned by the City Reliquary Community Museum in Williamsburg, Brooklyn. DONATE TO RU OTHER NEWS Artists nominations for upcoming residencies: Selected through the Open Call: International Residencies for Saudi-based Artists, Ahaad Alamoudi will spend two months at RU this Fall with support from ATHR, a contemporary art project space and gallery in central Jeddah whose new cultural exchange scheme with international artists and curators is part of its commitment to promoting cultural dialogue between Saudi Arabia and the rest of the world. -
Art Collection Newsletter
WAYNE STATE UNIVERSITY FALL 2011 ART COLLECTION NEWSLETTER FROM THE COORDINATOR: e are extremely proud to present this first ever newsletter from Wthe Wayne State University Art Collection. So much has happened over the nearly five years since I came to WSU to manage the Collection that there is simply not enough space to record it all in these few pages. I do, however, want to acknowledge The Community Foundation for Southeast Michigan whose grant in 2008 of $125,000 jumpstarted our ability to preserve, conserve and share the Collection through a wealth of projects, including the highly successful exhibition, Time and Place: Art Of Detroit’s Cass Corridor from the Wayne State University Collection, shown in WSU’s Elaine L. Jacob Gallery in the Spring of 2009. A documentary video and catalogue of this exhibition is available on our new website at artcollection.wayne.edu. Also in 2008 we were fortunate to partner with WSU Library Systems in developing the Jacob Lawrence: Legend of John Brown traveling display funded through the Detroit Area Library Network. This informative display, on tour through 2012, provides access to Judy Pfaff, Untitled, c. 1975, Oil on aluminum, 8 x 12 x 4 in., gift of James Pearson Duffy, 2008 these powerful images from one of the Collection’s most important works to audiences throughout Michigan. This and forthcoming newsletters will introduce new acquisitions, profiles of donors and special projects. I invite you to visit our exciting Additionally, this exciting and ambitious period saw the creation of new website where there is much more to discover and learn, including the popular ArtWalk brochure and guided tour lead by the WSU how to find a conservator in your area to care for your own art collection. -
The Art of Women in Contemporary China
The Art of Women in Contemporary China The Art of Women in Contemporary China: Both Sides Now By Patricia Eichenbaum Karetzky and Zhang Er The Art of Women in Contemporary China: Both Sides Now By Patricia Eichenbaum Karetzky and Zhang Er This book first published 2020 Cambridge Scholars Publishing Lady Stephenson Library, Newcastle upon Tyne, NE6 2PA, UK British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Copyright © 2020 by Patricia Eichenbaum Karetzky and Zhang Er All rights for this book reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner. ISBN (10): 1-5275-4102-9 ISBN (13): 978-1-5275-4102-3 This book is dedicated to the hard-working, talented and courageous women artists whose work fills these pages. First and foremost, I want to thank Zhang Er for her extraordinary efforts for this study and for her diligence, patience and love. Special thanks for the support and time of Sahm Doherty Sefton, Martha Lipman, Jinglun Zhu, Maude Guillo and my husband Monroe Karetzky. I would also like to especially thank the following artists for their extreme cooperation and kindness Peng Wei, Xiang Jing, Xing Danwen, Lin Tianmiao, Yin Xiuzhen, Cao Fei, Yu Hong, Chen Qingqing, Chen Ke, Lin Jingjing, Li Xinmo, Gao Yuan, Zhu Hui, Hao Jingban, Hu Xiaoyuan, Xiaoyi Chen, Feng Jyali, Peng Yun, Cai Jin, Sun Shaokun, Gao Yuan, Ma Yanling, Chu Haina, Ma Quisha, Lu Feifei, Xiong Lijun and Chen Zhe. -
United Kingdom
UNITED KINGDOM ART MARKET EXPERT GUIDE HOW TO RESPOND TO THE COVID-19 CRISIS? 9th JULY 2020 ART MARKET EXPERT GUIDE / COVID-19 Crisis ART MARKET EXPERT GUIDE / COVID-19 Crisis INTRODUCTION CONTENTS Introduction 2 Disclaimer 4 Legal 6 • Tenancy, rent and business rates 6 The impact of the rapid spread of the COVID-19 virus is already being severely felt by • Force Majeure 8 the art world, as social distancing measures are forcing gallery and exhibition spaces to • Frustration 10 close, and art fairs and auctions to be postponed or go online. The long-term impact of • Raising cash against stock when cash is in short supply 12 the current crisis is still too early to tell, but at the moment, surviving in the short-term is • Price renegotiation 16 what really matters. • Shipper - insolvency 18 • Shipping 20 • Selling online 22 This is a ‘live’ document, and will be regularly updated with new contributions and prac- • Non-Payment 24 tical advice from tax, finance, legal, insurance and other experts on how to best tackle • Loan 26 the short-term and medium-term challenges in the UK art market during the COVID-19 • Delaying Payment 28 crisis. HR 30 • Staffing and Managing Costs 30 In the UK, central and local governments, charities, arts organisations and artists have Tax & Finance 34 responded quickly to the situation, through a range of measures and campaigns. We • Strategy, cash flows and grants 34 have started to put some of these initiatives together and will keep these updated regu- Insurance 40 larly. • Business Interruption 40 • Unoccupied Premises and Working From Home 42 • Art Fair Cancellations 44 Please share any UK initiatives you are aware of by emailing us on [email protected].