THE APOCALYPSE IN FULL SWING WHY ARE SO MANY PEOPLE PAYING SO MUCH FOR ART?

Very important people line up differently from you and me. They don’t want to stand behind anyone else, or to acknowledge wanting something that can’t immediately be had. If there’s a door they’re eager to pass through, and hundreds of equally or even more important people are there, too, they get as close to the door as they can, claim a patch of available space as though it had been reserved for them, and maintain enough distance to pretend that they are not in a line.

Prior to the official opening of Art Basel, the annual fair in Switzerland, there is a two-day V.I.P. preview. In many respects, the preview is the fair. It’s when the collectors who can afford the good stuff are allowed in to buy it. After those two days, there isn’t much left for sale, and it becomes less a fair than a kind of pop-up museum, as the V.I.P.s, many of whom have come to Basel from the Biennale in Venice, continue on, perhaps to London for the auctions there. The international art circuit can be gruelling, which is why pretty much everyone who participates in it takes off the month of August, to recuperate.

 

“The action is on!” Zwirner whispered, in a mock-dramatic voice. “Can you smell the money?” Selling at fairs, immensely profitable as it may be, is perhaps his least favorite element of art dealing. “This is the most commercial part of what we do,” he said. “It’s almost perverse.” – See more at:
http://www.russianartdealer.com/journal/dealers-hand-people-paying-money-art/?goback=.gde_3343774_member_5818545870689308674#sthash.tZGPtJHP.dpuf
Share the postShare on Google+Tweet about this on TwitterShare on TumblrPin on PinterestShare on LinkedInShare on Facebook