Did American museums' promiscuous deaccessioning practices contribute to the decision by Spencer and Marlene Hays to leave their incredible collection to France?
Maybe some day American museums will understand that they hold their works in the public trust, to be accessible to present and future generations, and they shouldn't be sold off in the normal course.
Monday, October 31, 2016
Saturday, October 29, 2016
"In the art market, repeat sales account for a fairly small fraction of total sales. ... Thus, any art index based on repeat sales—such as the Mei-Moses index—is unlikely to be considered representative of any market segment."
Sotheby's has bought the Mei Moses art index, for an undisclosed price. I'm with Columbia Business School's Arturo Cifuentes, quoted in the header above. As Felix Salmon put it several years ago, the index is "a creature of massive survivorship bias. The Mei Moses index looks at auction pairs: works of art which have been sold at auction twice. This method gives a very good idea of what has happened to the value of any given work of art over time, but it’s a very bad way of determining what has happened to the art market as a whole, since the kind of works which get auctioned multiple times are decidedly not representative of the broader art world."
Thursday, October 27, 2016
"The score was settled thanks to outraged posts on social media."
artnet: Vivienne Westwood Accused of Plagiarizing Artist’s Design.
Given what's in the story, I don't think the "accused of" is necessary there.
Given what's in the story, I don't think the "accused of" is necessary there.
Monday, October 24, 2016
Tell me again about the public trust (nearly 70 antiquities originally from Egypt and other countries edition)
The Toledo Museum of Art is selling. Don't be alarmed by the fact that "modern international cultural heritage laws make it impossible to acquire such antiquities, meaning the Toledo museum is unlikely to ever be able to replace the objects if leaders would choose to do so."
It's not like those nearly 70 objects, having fallen under the aegis of a museum, were held in the public trust, to be accessible to present and future generations. That's a totally made up thing. No one ever says that.
It's not like those nearly 70 objects, having fallen under the aegis of a museum, were held in the public trust, to be accessible to present and future generations. That's a totally made up thing. No one ever says that.
"New Authentication Lawsuit Filed Against Agnes Martin Catalogue Raisonné"
Nicholas O'Donnell has the details, and a preliminary analysis. The complaint is here.
Friday, October 21, 2016
Another example of the indeterminacy of fair use
Courtesy of Clancco. Southern District said fair use on motion to dismiss. Second Circuit disagreed.
As I've said, no one has any idea.
As I've said, no one has any idea.
Thursday, October 20, 2016
Tuesday, October 18, 2016
"But now he says all 24 of the Golubs he bought from the Gascards are fake."
Graham Bowley reports in the Times on a lawsuit filed by Wall Street trader Andrew Hall against an art history professor and her son.
The problem of the art market is how do you build a set of legal rules to govern a marketplace where even the most sophisticated participants (the Times notes that Hall was "capable of earning a $100 million bonus in a single year," has amassed a collection of 5,000 works, and has his own private museum) can't tell the difference between the real and the fake?
A related story is unfolding here.
And an interesting observation from Blake Gopnik:
"There’s one other take-home from all this ...: Any case where science does need to be invoked is a case where the forgery is so good, and so very like what we expect from the artist in question, that it does all the aesthetic work that an original would. And that means the fake can happily be folded in with the real works we know, without doing much harm at all or even making much of a difference. ... Any time expert eyes can’t agree on whether a picture is real or fake—or when it turns out that they all agree that a fake is real—they are actually letting us know that it’s a case that’s barely worth resolving."
The problem of the art market is how do you build a set of legal rules to govern a marketplace where even the most sophisticated participants (the Times notes that Hall was "capable of earning a $100 million bonus in a single year," has amassed a collection of 5,000 works, and has his own private museum) can't tell the difference between the real and the fake?
A related story is unfolding here.
And an interesting observation from Blake Gopnik:
"There’s one other take-home from all this ...: Any case where science does need to be invoked is a case where the forgery is so good, and so very like what we expect from the artist in question, that it does all the aesthetic work that an original would. And that means the fake can happily be folded in with the real works we know, without doing much harm at all or even making much of a difference. ... Any time expert eyes can’t agree on whether a picture is real or fake—or when it turns out that they all agree that a fake is real—they are actually letting us know that it’s a case that’s barely worth resolving."
Monday, October 17, 2016
The "transformative" gift to MoMA ...
... from the Cisneros Collection gives me a chance to re-up this piece from last year: What culture? What public?
Saturday, October 15, 2016
"Today I put myself forward as a candidate for the 2018 election."
Tania Bruguera is running for office in Cuba:
"Pushing barriers has been Ms. Bruguera’s signature. She made waves in December 2014 when she attempted to stage an open-mike performance in one of Havana’s most emblematic plazas, a gesture for which she was arrested and had her passport confiscated for several months."
"Pushing barriers has been Ms. Bruguera’s signature. She made waves in December 2014 when she attempted to stage an open-mike performance in one of Havana’s most emblematic plazas, a gesture for which she was arrested and had her passport confiscated for several months."
Thursday, October 13, 2016
"Some observers warned that if decided in Hoffman’s favor, the case could have meant that legal agreements ensuring a transaction’s secrecy could be used to effectively prohibit future sales of the art they governed."
Isaac Kaplan at Artsy on the Marguerite Hoffman confidentiality lawsuit, discussed last week here.
Tuesday, October 11, 2016
Monday, October 10, 2016
"The Frans Hals Revelations Cast Doubt on Both Technical Expertise and Connoisseurship"
The Art Market Monitor on the recent news that Sotheby's has reimbursed the buyer who purchased a painting attributed to Frans Hals for $10 million.
Sunday, October 09, 2016
"Dash Snow’s Estate Sues McDonald’s for Copyright Infringement"
Carey Dunne has the details at Hyperallergic.
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