Amoako Boafo, “Hands Up,” oil on canvas, 2018, 73 1⁄2 x 58 1⁄2 inches. The piece was sold by Christie’s in November 2021 for approximately $3.4 million
William Sarradet and Brandon Zech discuss the current speculation around figurative art, and how artists are impacted when their works sell for exorbitant prices.
“We pay a lot of attention to the flippers and the markets, but we don’t think about what it’s doing to the artists, because they’re contradictorily the people with the least power, even though it’s their work.”
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Today’s podcast is sponsored in part by CASETA, the Center for the Advancement and Study of Early Texas Art, and their 18th Annual Symposium and Texas Art Fair happening Friday, June 10 through Sunday, June 12 at the Hilton Lincoln Centre in Dallas. The event will feature a variety of lectures and conversations revolving around Early Texas Art, along with an accompanying art fair. To see a complete list of events and register for the program, please go here.
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Related Reading:
—Artnet News: The Swift, Cruel, Incredible Rise of Amoako Boafo: How Feverish Selling and Infighting Built the Buzziest Artist of 2020
—New York Times: Catch a Rising Star at the Auction House
—New York Times: Artists of Color and Women Soar at Christie’s ‘21st Century’ Sale
—New York Times: Speculators Win Big With Bets on Young Artists
—Artsy: Why “Flipping” Art is so Controversial
—Observer: Artists: Will Early Auction Success Catapult—or Curse—Your Career?
—Barron’s: Experts Are Most Optimistic About the Young Contemporary Artist Market
—Artnet News: Young Painters Steal the Limelight From the Likes of Polke and Prince in Phillips’s $35 Million London Evening Sale
—Bloomberg: Black Art Spurs Gold Rush as Collector Stampede Drives Up Prices
—Artnet News: The Artists With the Top-Performing Auction Debuts Last Week Had One Thing in Common: They Weren’t White Men
—Artnet News: Who Survived the Zombie Formalism Apocalypse? We Surveyed the Wreckage of the Last Great Art-Market Fad
—Artnet News: Who Were the Breakout Stars of New York’s Spring Art Auctions? We Crunched the Numbers to Find Out
—Artnet News: Wet Paint: Zwirner Fires Back at Flipper, Art Basel Offers Coupons to Dealers Who Brave Hong Kong, & More Juicy Art-World Gossip
—Artnet News: Has the Market for ‘Zombie Formalists’ Evaporated?
—Artspace: Cultural Entrepreneur Stefan Simchowitz on the Merits of Flipping, and Being a “Great Collector”
—New York Magazine: Saltz on Stefan Simchowitz, the Greatest Art-Flipper of Them All
—New York Times: Barbarians at the Art Auction Gates? Not to Worry
—The Gray Market: The Tao (and Dow) of Stefan
—New York Times: Hot New Artists, Getting Hotter
—Artsy: Could Blockchain Put Money Back in Artists’ Hands?
—Artsy: What’s at Stake in the Artist’s Resale Right Debate?
—Glasstire: Art Dirt: The Weirdest Things About the Art World
—Glasstire: Art Dirt: What Can Galleries Do For Artists In 2019?
