Tag Archives: zombie formalism

MULTIPLE SLASHES ARE SOUGHT AFTER

2 Feb

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I can’t believe they’re talking about this shit with a straight face” of the week goes to a recent article on Artsy (aforementioned) on ‘The Secrets of Art Pricing‘. If they’re meant to be secret, should you really be telling us? Never mind.

Submarkets for individual artists, and markets within different periods for those artists, require their own brand of unique pricing lore. Case in point is the oeuvre of Lucio Fontana, who began puncturing the surface of paper or canvas in the late 1940s, developing the idea over the next two decades. “At different times, different colors are more or less popular,” wrote Melanie Gerlis, Art Market Editor at The Art Newspaper, in her 2014 book Art as an Investment?, referring to Fontana. According to Fontana specialist Luigi Mazzoleni, founding director of Mazzoleni London, “regarding the slashes,” the most popular colors on the market are white and red. Various other factors also come into play. He added, “The quality of the cut is very important as this gives a different rhythm and effect to the canvas. The quantity of cut is also important. A single cut is very minimalist and therefore very sought after, but multiple slashes are also sought after on the international market.”

“Unique pricing lore”? Are you a wizard? As for Mr Mazzoleni, a single kick up the arse is very minimalist, but I think with the way he’s talking he is really seeking multiple kicks up the arse with a pointed shoe. Anyway, just in case you were in any doubt, the content, beauty, emotion, craft and artistry of your art are not important at all. It’s all about being red or white, and the slashes.

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SEVERE CORRECTION

20 Jan

… of the art market. What were you thinking of, you dirty wee puppy? I’ll deal with you later. No, according to a University of Luxembourg study, the international art market is in a “mania phase” and the bubble is going to pop any time soon, leading to a “severe correction”. Countdown starting right now to an art exhibition called either Severe Correction or Mania Phase.

The contemporary art market has been a very bad, bad, dirty, disobedient and thoughtless pig.

The “zombie formalist” artists (i.e. makers of art as an asset class, devoid of narrative, representation, politics, ideology, etc.) and their handlers are partly to blame, but as the gentleman who created the term rightly says, and as I have also said in a various ways over the past few years about a hundred bloody times: “Since the entire market is entirely irrational, it can’t be rationally interpreted.”

Nonetheless, it’s in the nature of financial bubbles that any talk of the bubble bursting often brings about the very same pop feared by beneficiaries of the bubble, which probably wouldn’t happen if nobody was talking about the bubble bursting… and so forth until your head bursts too.

The Guardian article also contains this nugget:

“Levin said the bubble was inflating in part due to the prevalence of high-end money laundering being done through art, and how the two have come to affect one another. Buy art in one country and pop it in the private jet, the theory goes, and by morning you’ve moved $100m between tax jurisdictions.”

Again, QED. Exactly what I’ve said on this blog and at various talks and conferences on numerous occasions, sometimes to self-righteous splutters of indignation or shocked disbelief. On this blog we know some people who might “pop” art between tax jurisdictions or run art galleries to launder their dirty money, don’t we readers?

SuspiciousProvenance

Won’t we all be sad though when artistically worthless art owned by super rich people becomes monetarily worthless too?

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