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Art Basel after the art-boom

ARTinvestment.RU – 20.06.2009,10:07

MARTIN KIPPENBERGER I Am Too Political
MARTIN KIPPENBERGER I Am Too Political
Source: bloomberg.com

 Andy Warhol Retrospective Big picture
Andy Warhol A large retrospective picture
Source: daylife.com

TAKASU Murakami FARRELL AND WILLIAMS Simple Things
TAKASU Murakami and
FARRELL WILLIAMS Simple things
Source: nytimes.com

NEO Rauch Etappe
NEO Rauch Etappe. Source: nytimes.com

This past Sunday at the Swiss Basel finished 40 th International Fair of Contemporary Art Art Basel . Fair, which lasted five days, attended by more than 60 thousand people. Nearly three galleries submitted a product of two and a half thousand artists.

Earlier Art Basel was famous as an excellent platform for discovering new talent. But this year, dealers have decided not to risk it and brought the work has already been proven artists, classical modern art. At the stands could see the works of Donald Judd (Donald Judd), Alexander Koldera (Alexander Calder), David Hockney (David Hockney). Most observers noted that the quality of the work at the fair was very high and the prices were lower than during the art boom.

Trade was not bad. The owner of the London Lisson Gallery Logsdeyl Nicholas (Nicholas Logsdail) on the first day of Art Basel sold more than a dozen works, including sculptures Anisha Kapoor (Anish Kapoor) for one million pounds. «Dealers brought to the fair the best work - he said. - Many (kollektsionerov. - Ed.) is simply money in the banks, the interest does not accumulate. Sooner or later, inflation will start, and works of art - it is a tangible asset that will have a value of ».

However, «good» - this is for the current crisis measure. «The volume of sales fell by half compared to 2008 year, - said New York dealer Skarstedt Per (Per Skarstedt). - In the past year, 80 percent of the work presented on the stand, went to the first 40 minutes. And now, buyers are suitable for three or four times ». Skarstedt irreplaceable 1.4 million dollars per picture Kippenbergera Martin (Martin Kippenberger) I Am Too Political, bought them at the Charles Saatchi (Charles Saatchi) for 1.5 million. Last year he asked for this to work - a parody of the well-known cloth Lusiena Freud (Lucian Freud) korpulentnoy depicting a naked lady - at least two and a half million.

billionaire Eli Brody (Eli Broad), visited the fair, noted that the market for contemporary art «ustakanivaetsya» after last year's correction. «The prices are more reasonable», - he said. At Art Basel collector bought the work of Ed Rushi (Ed Ruscha) - sketch for the painting, which is in its fund. According to Brody, the price of drawings at the fair was half estimeyta, which gave him an auction house (the work was exhibited at the auction last year and has not been sold).

The most impressive exhibit Art Basel was, of course, «Large retrospective picture» Andy Warhol (Andy Warhol), placed at the booth of Swiss dealer Bruno Bishofbergera (Bruno Bischofberger). This huge (2 x 11 m) canvas, written in 1979, we see all (well, or nearly all) the reasons for your favorite artist: banks soup Campbell, Mao and Marilyn, car, self, «psychedelic» florets. Gallery hoped to gain for the work at least 80 million Swiss francs (about 74 million dollars, which exceeds the current auction record of the artist ). Four years ago, sold Bishofberger «great retrospective picture» to one collector, who recently decided to return. There are rumors that the 2005-m collector of the work laid out for 80 million dollars - so the dealer offered it, I can say at a discount. To work took one of the famous visitors of the exhibition - a man of Roman Abramovich. Not yet known who eventually bought the picture (and I bought there ...)

public attention and attracted the installation «Simple Things», created by Japanese artist Takashi Murakami (Takashi Murakami), in collaboration with hip-hop performer and producer Farrellom Williams (Pharrell Williams). This is typical for Murakami psychedelic monster, in whose mouth are razinutoy bottle of ketchup, the bank «Pepsi», a pair of shoes, cake in formochke, condom pack crisps and a bottle of lotion Child Johnson & Johnson. I would like to call these objects «butter», but the hand does not rise - they are made of different kinds of gold (yellow, white, pink ...) and inlaid with diamonds, rubies, sapphires and emeralds. On the decoration of these knick-knacks took 26 thousand gemstones. Here's to you and «skull Hirst» ...

Farrella According to Williams, the meaning of work is this: simple things, which we treat as something routine, in fact, are very important to us than all the jewelry world. «Taste of cake worth more than diamonds», - he said. Gold and diamonds cake (along with other small items of gold and sharp-toothed behemoth to boot) was estimated at 2 million dollars. Less than half since the opening of trade fairs, both at work have found four candidate. As a result, she received the two collectors who choose to buy it vskladchinu. By the way, sold the installation of French dealer Emmanuel Perroten (Emmanuel Perrotin).

One of the most prominent buyers of Art Basel has become a famous actor Brad Pitt (Brad Pitt). Among his purchases - picture of the Leipzig School painter Neo Rauch (Neo Rauch) called Etappe. Pitt bought the work at the booth of David Tsvirnera (David Zwirner). Price, according to a dealer, was «slightly less than one million dollars».

Two years ago, Neo Rauch has received a personal exhibition in New York's Metropolitan Museum, through which his interest in art grew. Many of the stands could see the creation of Martin Kippenbergera whose large retrospective ended last month at MoMA. Another popular artist at Art Basel - Alberto Giacometti (Alberto Giacometti), which recently opened an exhibition in the Basel Foundation spouses Bayeler.

Many gallery decided to exhibit works by artists who participated in the Venice Biennale (which managed to visit many visitors Art Basel). Some dealers suggested that the work of Bruce Naumann (Bruce Nauman), apply for an American pavilion.

The next Art Basel Fair will be held from 16 to 20 June, 2010.

Material prepared Yulia Maksimova, AI

Sources: nytimes.com , ft.com , bloomberg.com , artinfo.com , artinvestment.ru




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