Archive | February 2012

Art as silence

 

I am not good at silence. I like being alone but to do things. I sat today attempting silence in stillness. Attempting to find silence in the spaces between the incessant demands of my own mind. The lists, the phone, the anxiety, the fear and the busy body’s demand to keep moving. In one chapter in “Healing Spaces – The science of place and well-being” Esther Sternberg reflects on the healthy benefits of meditation and walking a labyrinth where physical activity and silence create a harmony of spiritual newness and lower blood pressure. Stillness does arrive for me in the labyrinth. Arts practice [painting, drawing, printing, scultpure] is a labyrinthine activity.  Artists are walking labyrinths with the rhythm of their drawings as much as reclusive monk Thomas Merton in his noiseless meditation journeys.

What is the value of art II ?

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When Jugglers had a silent auction on February 3  of 99 works donated by 60 emerging and mid career artists [including represented artists Anthony Lister,  Nic Plowman and Jan van Dijk and internationals Sofles, Gimiks Born, Miso and Ghostpatrol] the value was layered. All of a sudden there was the hope of “having a lister” for less than $1000! The night itself, while not without its bidding wars and dreams of investment potential was good natured and fun.  400 punters raised more than $7000 in three hours. That all 60 artists had put in the hours and then delivered them to Jugglers in support of a program for unknown “outsider” artists who are companioned towards more life and artistic possibilities is testament to generosity. The “Paper Girl” idea [on the same night at White Canvas] resonates with the same value. Give your art away! Buck the collector investment paradigm driven by white middle class white males! Works on paper were taken down after their Friday show and handed out  in Queen Street Mall on Saturday. A shift is happening. The reign of the elite might last a while more but when amazing art is given to make a difference and amazing art is handed out to enrich the receivers, then Andy Warhol and his mates might return to join in!

What is the value of art?

From “Occassional links and Commentary” by David F Ruccio

The Value[s]of Art by David F Ruccio

Paul Cézanne, “The Card Players” (c. 1890-92)—$250 million at auction

 

What is the value of art?

Felix Salmon, in arguing that art is not a good financial investment, analyses the current art market and presents a theory of the value of art:

The whole point of art is that it has no intrinsic value: that its financial value is a magical number which is some highly variable function of how much various incredibly rich people love and covet the work.

But she’s [meaning Sarah Thornton] right about this aspect of why the two big auction houses are doing so well these days:

Christie’s and Sotheby’s are superlative marketers who are getting better at funnelling demand for objects by a small group of well-tested artist brands.

The key word here is “brands”. CNBC’s Zac Bissonnette recently wrote to me saying that what he hates about contemporary art is the way in which “you can just put it there and all your friends will know what it is. People might as well hang a Nike swoosh over their couches.”

Zac’s exactly right about this: the one thing that pretty much all ultra-expensive art has in common is that it’s instantly recognizable as the work of a given artist. (And that goes for Cézanne as much as it does for Jeff Koons.) Fine art has become the billionaire’s-club equivalent of a Louis Vuitton bag, slathered in logos. It’s not connoisseurship which drives values, so much as recognizability. Which in turn helps to explain why the most prolific artists (Picasso, Warhol, Hirst) are also the most expensive: the more of their work there is, the more exposed to it people become, the more they’ll recognize it, and therefore the more desirable it is.

I do hold out some small hope that the Chinese art market will provide a correction to this syndrome — there, I’m told, the value of an art work is (at least sometimes) much less a function of its recognizability as the work of a certain artist, and much more a function of the way that it can fit itself into a long artistic tradition.

I want to make just three quick comments: First, art may not have an “intrinsic value” but which commodities do? Is Salmon invoking some kind of labor theory of value here? Second, precisely because paintings and other works of art are status or Veblen goods, their prices affect the desires of wealthy individuals to purchase them. And third, it is precisely because the art market is now governed by a different group of rich people, e.g., from China, the values of different kinds of art are changing and are likely to continue to change in coming years.

Yes, rich people around the world are buying famous paintings and other works of art, not because they’re a good financial investment or because of their intrinsic value but because they can own them and show to the world that they can and do own them.

David F. Ruccio | 9 February 2012 at 10:37 am

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