untangling the awkward relationship between art and money

Hurty art market fact #1

That lingering sense of deja vu you get when browsing an art auction catalogue is no figment of your imagination.

Ehhemm.. ehhemm.. (What…? That’s supposed to be me clearing my throat in an authoritative manner).

Data derived from my research:

1999-2004: 17… yes… that’s 17 (seventeen)… non-Aboriginal Australian artists generated 40% of the total art auction revenue in Australia.

1972-2004: 23,333 artworks by 2,791 ‘contemporary’* artists were offered for sale at auction. 20% of those artworks were produced by just nine artists. That’s not a typo. 9. As in NINE.

The moral of the story? Artists establishing a good auction following = snowball, meet hell.

Come to think of it, that’s a really apt analogy.


* (defined as alive and presumed to be practising in 1990)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS

%d bloggers like this: