art market Archives - FAD Magazine

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FAD Magazine covers contemporary art – News, Exhibitions and Interviews reported on from London

Daniel’s Value and Ideas #66: Experience Matters

Tabish Khan wrote an insightful piece this week on how the prices of artworks are calculated. He identified two contributing factors: one, the artist’s price point at a given time, which is presumably a function of the strength of the artist’s brand; and two, the size of the artwork.

Daniel’s Value and Ideas #60: Caught Up in the Century’s Anxiety

In 2014, the global art market grossed €51billion, which is a 7% increase on 2013 and the highest total ever recorded. These are the findings of Dr Clare McAndrew, who every year compiles the TEFAF Art Market report before jetting off to the one of the artworld’s most prestigious art fairs in Maastricht.

Daniel’s Value and Ideas #55: We Need to Talk about Damien

Damien Hirst sold a lot of very expensive art between 2007 and 2008. So much that he became the world’s most expensive living artist, which gave him the acumen to do whatever he liked. Next week, the seminal Pill Cabinet Lullaby, Winter is going under the hammer at Christie’s, but it has a curious history as an unfulfilled promise that had momentous effects.

Daniel’s Value and Ideas #12: Hammer Horrors

The price of art is a much discussed and much maligned phenomenon. But whilst there may sometimes be good grounds for suspicion, a lot of what we hear about the price of art is a wilful fantasy of the media, fuelled by a perennially disingenuous market.

Daniel’s Value and Ideas #9: Rising Stars: Part I – The Simulacrum of Success

There is a new generation of artists who are realising staggeringly high prices. This group of rising stars is an all boys club of young, middle-class men. It is a perfect demonstration of the perennial confusion between price and quality, where buyers’ voracious habits steer the consensus towards judgments of artistic worth. But the market, in its inexorable whim, is not always right.

Daniel’s Value and Ideas #7: Show and Sell

It is worth remembering that whether it is selling exhibition tickets or paintings or even making lucrative sponsorship deals, man cannot live by art alone and that capital rules art just as it does everything else.

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