Friday 18 November 2011

Collecting: romance or speculation? Here's the most expansive photograph in the world


© ANDREAS GURSKY, COURTESY OF CHRISTIE'S
Rhein II, by artist Andreas Gursky.



I don't want absolutely discuss about the quality of the photos of Andreas Gursky.
This Photo is perfect for me, here there is no doubt and I don't want to discuss his work.
I just want to try to understand the reason... well I wonder which spirit has moved the anonymous person that, at the Christie's auction last week, won the photo of Andreas Gursky, Rhein II, for the record-breaking of $4.34 million beating Cindy Sherman's selfshot (1981) sold for $3.89 million in 2011 and beating all price records achieved so far.

This anonymous is a romantic or a speculative mind? And yet, the true collector is driven by economic interest or by personal romance? Or it is simply a publicity maneuver?
I really don't know.
There are several types of arts collectors: those who identify with the artist and live his achievements as if they were their own, transforming them into real promoters of the artists who have bought, there are those who sponsor galleries or direct them in person, and other participating actively in the auction, ensuring that the achievements are their favorite record, or otherwise not remain unsold. Then there are the speculators who buy real view of the short or even very short period. They treat artworks as if they were buying shares of a diversified portfolio of works, including some artists are consolidated and a stable return, and some are emerging artists, whose performance increased risk is offset, in theory , the yields of the first. This mechanism is the same that happens in the stock market with junk bonds.

Luca Arnaudo said:
"That art is a rigged market. Because the pricing depends on arbitrary rules so that if traders sell stocks in this sector, rather than works, they would all be in jail for fraud or insider trading"






48 comments:

temporal rooms said...

who puts these prices on "art"?
who pays for them?
i am not sure about any of that.

Hello Laura!

~robert

ADRIAN said...

I'll live with your wish Laura and not mention the picture.
It is worth what someone paid. It takes at least two at auction. It quite possibly isn't worth the purchase price now.
In the UK we have a national lottery whose slogan is ' It Could Be You.'
I hope it's your turn soon. You deserve it.

nouvelles couleurs - vienna atelier said...

--- these temporal rooms

Hallo Robert! So nice to see you!
I'm too not sure ...

Thank you very much for comming

nouvelles couleurs - vienna atelier said...

--- ADRIAN

heheheh Adrian, I already won my lottery with my life ...

:-) thank you for comming

Dan Gliubizzi said...

This subject has been on my mind allot lately. It makes artists crazy.
I once heard that "when doctors socialize they talk about art and when artists get together they talk about money!"
The one thing I can point to as the big value adder for a work of art, in these times, is "The Idea". many artists think that good technique will carry them. I do not know much about Andreas Gursky, but Cindy Sherman has always been the power of her ideas. Actually she has established her self, her career and her work as one big idea.

Adriano Maini said...

Quel Reno, però, induce alla serenità! Ho capito bene il nome, spero.

Unknown said...

Ciao Laura,
Il tuo commento e' interessantissimo come al solito. C'e questa sfiducia mondiale contro wall street e il trading. Io penso che se si escludono i soldi si vede la vera arte. E meno male che ancora c'e'.
Un' abbraccio ,
Mariano

dianne said...

I don't really know what drives some collectors of art to pay such high prices, as you have mentioned there could be several reasons.
I have seen some paintings and photographs by various artists which have appealed to me because of their colours and subject matter but I could never afford to buy one. So like most of us I just admire as an observer of beauty.
xoxoxo ♡

mario said...

Ciao Laura, mi sembra veramente incredibile. E dimostra ancora una volta come il mercato dell'arte sia falso e drogato, una vera schifezza!

Antonio Machado said...

Hello Laura,
Good to see you back! Thanks for the comments on my blog.
Congratulations on posting.
I've got a problem with the panel of photographs of followers, he is keeping the photo of the woman in black with black sunglasses (Floriana blog aqualung) in the first place, preventing the emergence of new fotos.acho which is a virus.

Romantik Seelchen said...
This comment has been removed by the author.
Marty said...

hello Laura, it's so nice to see you again ! I wish you a wonderful, colorful, happy new life !! I hope to see you often now !!!
bisous

Franz said...

Ciao Laura,bentornata e grazie per essere passata da me.
Questa fotografia ,secondo me, è pessima,mi piacerebbe sapere con quale criterio viene stabilito un prezzo del genere.
Ciao,a presto!

nouvelles couleurs - vienna atelier said...

--- Dan Gliubizzi

yes the idea, I understant...
I think an artist must have a great personality more then thechnique... but without technique even if there are a great personality it goes not long forward,
heheheh well it is always the same questions

nouvelles couleurs - vienna atelier said...

--- Adriano Maini

si é vero, piace molto anche me questa foto... mi ricorda Mondrian

nouvelles couleurs - vienna atelier said...

--- Mariano Zucchi

ciao Mariano! che bello vederti dopo cosí tanto tempo, mi fa davvero piacere!

quello che dici é verisismo!

nouvelles couleurs - vienna atelier said...

--- dianne

:-)

nouvelles couleurs - vienna atelier said...

--- mario

incredibile si

nouvelles couleurs - vienna atelier said...

--- Antonio Machado

hallo and thank you very much because I have observed this follower and I tought the same, it was to strange the icona was always at first place and has blocked all the other...
I removed this person naw and I hope naw it goes again right

thank you Antonio very much

nouvelles couleurs - vienna atelier said...

--- Jasmin

Jasmin deine meinung es ist so richtig, du hast genau beschreieben den heutigen markt, dankeee

nouvelles couleurs - vienna atelier said...

--- Marty

Hi Marty, thank you, and I'm happy to discovered your paint!

nouvelles couleurs - vienna atelier said...

--- Franz

heheheheh mi piace la tua sinceritá :-)

a me piace la foto ma concordo con te nel fatto che il prezzo é fuori di testa

Joop Zand said...

nice lines .....prima Photo.

Greetings, Joop

Leovi said...

The photo is an interesting composition of lines and color. The price of that work seems humanly indecent. Speculation art is alien to the artists. Usually occurs with those who are dead, because they will not put more work in the market, but unfortunately also happens with the living, and must be sad to see how others play with your work only with the desire to get rich. Besos.

Anonymous said...

Malos tiempos, la fotografía no creo que lo merezca...


Bad times, the picture did not think it deserves ...


Besos!

Denise SCARAMAI said...

carissima Laura,
in verità questa è una questione difficile - definire e valutare,
ciò che è arte ...
quello che ci tratta qui
è incredibile ...

Rahul Bhatia said...

A very serene and beautiful picture!

nouvelles couleurs - vienna atelier said...

--- Joop Zand

thank you!

nouvelles couleurs - vienna atelier said...

--- Leovi

:-) hi! I'm completely in according to you

nouvelles couleurs - vienna atelier said...

--- Remei

Hi! Nice to see you my dear!

thank you for comming!

nouvelles couleurs - vienna atelier said...

--- Denise Scaramai

:-)...

nouvelles couleurs - vienna atelier said...

--- Rahul Bhatia
thank you

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