Exhibiting in difficult economic times
I was down at the gallery yesterday and made an unscientific survey of 12 galleries on 25th Street - between 2-2:30pm on Saturday there were only 19 people that I counted in any of the galleries, 6 galleries had none and there was little street traffic.
Just read this:
From William Powhida
The reality is the art market is a lagging indicator. There won't be a spectacular crash, but how the auctions unfold this fall and sales in Miami should start to give us a picture of what the damage will be. As galleries start to close and artists lose representation, the oversaturated art market, which has produced a stunning amount of art about anything and everything, may start to develop some clarity. I wonder what will be left standing in the wake of the contraction. Whose work will still be deemed important by the critics when there is no money left to prop it up. I expect we will see a lot of discussion, debate, and movement to define what the last decade was really about. What will the story be? The umbrella of post-modernism is wearing thin.
Will critics matter again?
Yikes, glad I still have a day job.