THE Art Economist VOLUME 1 / ISSUE 4 / 2011 THE Art Economist CONTRIBUTORS David W. Galenson is a professor in the department of Economics at the University of Chicago and a Research Associate of the National Bureau of Economic Research. He has been a visiting professor at the California Institute of Technology, MIT and the École des Hautes Études in Paris. He was recently appointed as the Director of the Center for Creativity Economics at the Universidad del CEMA, Buenos Aires. In 2008, he was awarded a Guggenheim Fellowship in fine arts research. He is the author of Painting Outside the Lines: Patterns of Creativity in Modern Art, Harvard University Press. Drew Hammond is our Beijing Bureau Chief and has lived in China for a decade. He has lectured on Contemporary Chinese Art for the University of Toronto's Faculty of Landscape, Architecture and Design, and for the Graduate Faculty of the China Art Academy. He is a consultant on Contemporary Chinese art for the new ACE Museum, and for B.A.S.E (Beijing Architec- ture Studio Enterprise) in Beijing's Caochangdi Arts District. Bruce Helander is an artist who writes on art. His work is in over 50 museum collections, including the Guggenheim, Whitney, Metropolitan, LACMA and SFMoMA. His work recently was included in Christie’s auction of the estate of Dennis Hopper. He is the former publisher of Art Express magazine and Vice President for Academic Affairs at RISD, and is a former CHAIRMAN AND PUBLISHER Fred Alger White House Fellow of the NEA. His latest book, Learning to See—An Artist's View on Contemporary Artists, was recently EDITOR-IN-CHIEF Bruce Helander CONTRIBUTING EDITORS Julie L. Belcove, named an Indie Award Finalist. DEPUTY EDITOR Gary Walther David W. Galenson, Anthony Haden-Guest, ART & DESIGN DIRECTOR Daniel Ellis Donald Kuspit, Brook S. Mason, Marisa J. Pascucci is the former Curator of American Art at the Norton Museum of Art, curator of the Everson Museum of MANAGING EDITOR Susan Hall Kara Walker Tomé, William Warmus Art, Syracuse, and associate curator of collections and exhibitions at the Montgomery Museum of Fine Arts. She was also ASSOCIATE EDITOR Marisa J. Pascucci CONTRIBUTING WRITER Elizabeth Sobieski the exhibitions coordinator for The Sculpture Center in Cleveland, Ohio, where she was also a curatorial assistant at the ADMINISTRATION MANAGER Karene Telesca CONTRIBUTING PHOTOGRAPHERS Museum of Contemporary Art. FOREIGN CORRESPONDENT Drew Hammond Amy Arbus, Harry Benson, Neke Carson, EDITOR AT LARGE Leslie Alexander Jonathan Exley, Christopher Fay, Ralph Gibson, Elizabeth Sobieski is a screenwriter/producer based in New York and Los Angeles, who also writes on art-related subjects ONLINE EDITOR Anna Celander Michael Price, Priscilla Rattazzi, Kim Sargent VIDEO EDITOR Tyler Sargent CONTRIBUTING ILLUSTRATORS Philip Burke, for such publications as New York magazine, the New York Post and Cosmopolitan. Julie L. Belcove served as deputy editor of ADMINISTRATIVE ASSISTANT Camila Helander Rollin McGrail W for more than nine years, where she conceived and edited the magazine’s annual art issue. She is now a freelance writer EDITORIAL RESEARCH Jill Miller based in New York. Leslie Alexander is a New York-based artist who has shown in the US and Europe, including at Grace RESEARCH ASSISTANT Christopher Hurbs PUBLIC RELATIONS Borgenicht and Jack Tilton Gallery. She has also been an art advisor to both corporate and private collectors for 25 years. FINANCIAL RESEARCH Renee Gibson Fitz & Co She serves on the Boards of Directors of BRIC Arts/Media/Bklyn and chairs the visual arts committee, and is an ex officio of SPECIAL PROJECTS Carole Newhouse 535 West 23rd Street S10H New York 10011 the Brooklyn Museum. Gary Walther has been creating magazines at the intersection of wealth and connoisseurship for CHIEF OPERATING OFFICER Andy Ruppanner Tel 212-627-1455 Fax 212-627-0654 30 years. He has been the editor-in-chief of Departures, Expedia Travels and ForbesLife. Anthony Haden-Guest is a British- OPERATIONAL SUPPORT MANAGER Christine Winfield Email: [email protected] American writer, reporter, cartoonist and art critic based in New York and London. Financial Times, The Art Newspaper, Vanity BUSINESS DEVELOPMENT MANAGER Colin Ruppanner Fair and The Daily Beast are but a few of the notable publications that have carried his byline. He also is the news editor of SUBSCRIBER SERVICES MANAGER Todd McCoy LEGAL COUNSEL PROOFREADER Judith Wilkis Levine, Plotkin & Menin, LLP Saatchi Online, and earned a New York Emmy for writing and narrating a documentary entitled, “The Affluent Immigrants.” TECHNOLOGY DIRECTOR Sanjay Connare New York, New York Neke Carson is an artist and regular contributing photographer for “The Styles of the Times” section of The New York Times. His photographs were presented in a solo show at The Andy Warhol Museum in Pittsburgh and at John McWhinnie @ Glenn Horowitz Booksellers. Titled “Portraits from the Closet,” the exhibition featured photos of the closets of such creative Subscriptions and Subscriber Services: www.thearteconomist.com types as John Waters and Deborah Harry. Brook S. Mason is the US Correspondent for The Art Newspaper and is a contribut- or call Toll Free 1-877-890-7618 ing author to The International Art Markets -The Essential Guide for Collectors and Investors. Donald Kuspit was the winner of the prestigious Frank Jewett Mather Award for Distinction in Art Criticism (1983), given by the College Art Association. For editorial submissions or comments contact Professor Kuspit is a Contributing Editor at Artforum, Artnet Magazine, Sculpture and Tema Celeste, and the editor of Art Criti- Susan Hall: [email protected] cism. He has doctorates in philosophy and art history, as well as degrees from Columbia University, Yale and Pennsylvania The Art Economist State University. He has received fellowships from the Ford Foundation, Fulbright Commission, National Endowment for Corporate Office the Arts, Guggenheim Foundation and Asian Cultural Council, among others. Michael Price is an inventive photographer 410 Evernia Street, Suite 119 who has documented events from New York to Miami for over twenty years; he has worked for a variety of publications, West Palm Beach, Florida 33401 including Time magazine, Business Week, Entertainment Weekly and Rolling Stone. Amy Arbus has been a New York-based Tel. +1 561-655-1313 Fax + 1 561-655-8835 photographer for over 25 years. She has published four books of her pictures. Additionally, her work has appeared in over www.thearteconomist.com one hundred international periodicals, including New York magazine, Aperture, The New York Times, People and Rolling Stone. Ralph Gibson is considered a master of fine art photography, producing over 40 monographic books of his photos. His The Art Economist is a member of the American Society of Magazine Editors works are included in over 150 museum collections around the world, such as the Metropolitan, Museum Ludwig and The Art Economist is a Registered Trademark Israel Museum. He has received numerous fellowships, including the Guggenheim Foundation and 3 from the NEA. Harry The Art Economist is not affiliated in any way with the London based The Economist weekly magazine, The Sports Benson is a Scottish-born photojournalist who has witnessed and documented some of the most important moments in Economist, The Wine Economist, The Engineering Economist, as well as other publications that include the word pop culture and world events. He toured with the Beatles in America in 1964, and has photographed every US president “economist” in their titles. The Art Economist is an evaluative opinion magazine. On a best efforts basis, we strive from Eisenhower to Obama. He was contracted with LIFE magazine for 30 years and is now with Vanity Fair magazine. His for accuracy. We are not responsible or liable for clerical errors, ranking errors and mathematical calculations. The opinions expressed in The Art Economist by contributing writers with bylines are solely their opinions and are not photographs have also appeared in Newsweek and Architectural Digest. Rollin McGrail has contributed illustrations weekly necessarily that of the publication. All content of this magazine is copyrighted and may not be reproduced without to The New York Times and Washington Post, and is a frequent contributor to Vanity Fair, Newsweek, Forbes, U.S. News & World the expressed permission of the publisher. Written portions of the magazine may be reproduced and or quoted Report, Esquire and Vogue, among others. Priscilla Rattazzi was born in Rome, Italy, and moved to the United States in 1974; Ruth Asawa, Untitled S.065, early 1960s, Copper and without permission for certified press reviews only. All computations and evaluations contained in this publication currently, she lives and works in New York. She studied photography at Sarah Lawrence College, and later was an assistant to brass wire, 97 x 17 in. (246.4 x 43.2 cm), © the artist, are proprietary in nature; and are compiled based upon data and information developed by The Art Economist to photographer, Hiro. Her work has appeared in such magazines as Redbook, Self, The New York Times Magazine, Donna, Vogue Photo: Hudson Cuneo, Courtesy Rena Bransten Gallery. give the most accurate assessment evaluation, but that these figures may not be reprinted, published, manually or electronically distributed without the express written consent of The Art Economist. Italia and Amica. She is the author of five photography books. Kara Walker Tomé is an arts writer and independent curator of innovative exhibitions through her company, Art Site Projects. Formerly the Director of Education, Docent Training and West Palm Beach – New York – Santa Fe Public Programs at the Palm Beach Institute of Contemporary Art, Florida, she received her master’s of fine arts degree from Printed in the United States of America CalArts (California Institute of the Arts). 8 THE ART ECONOMIST THE ART ECONOMIST 9 THE Art Economist VOLUME 1 / ISSUE 4 / 2011 4 ON OUR COVER – BY DONALD KUSPIT 6 LETTER FROM THE CHAIRMAN & PUBLISHER 10 LETTER FROM THE EDITOR 12 Working Women Artists: 2011 Status Report BY BROOK S.