Image courtesy of Dean Kaufman
So the global financial armageddon seems to finally be coming around to affect art and the art market. And critical opinion of what it means and what it will lead to seems to be solidifying. Take the following excerpt from a Jerry Saltz article on Frieze, from New York Magazine, as an example:
As for artists, too many have been getting away with murder, making questionable or derivative work and selling it for inflated prices. They will either lower their prices or stop selling. Many younger artists who made a killing will be forgotten quickly. Others will be seen mainly as relics of a time when marketability equaled likability. Many of the hot Chinese artists, most of whom are only nth-generation photo-realists, will fall by the wayside, having stuck collectors with a lot of junk.
Much good art got made while money ruled; I like a lot of it, and hardship and poverty aren‚Äôt virtues. The good news is that, since almost no one will be selling art, artists‚Äîespecially emerging ones‚Äîwon‚Äôt have to think about turning out a consistent style or creating a brand. They‚Äôll be able to experiment as much as they want.
He goes on to wish a ‘pox on the auction houses,’ an opinion that seems to be widely shared. Jonathan Jones even dug up a quote from Damien Hirst that goes ‘Most of the time [the money men] are all selling shit to fools, and it’s getting worse,’ and that makes me want to bang my head against the wall given who it’s coming from.