Opinion: A New Art Season, a New Test of Survival
The art market is in crisis, and the art fairs are largely to blame, says Olav Velthuis.
“Now that the new art season has begun, one question on everyone’s mind is: How many more galleries will close by next summer? In the past five years, notices of galleries shutting their doors have become as commonplace as announcements of new exhibitions…”
Continue reading here: https://www.nytimes.com/2018/09/18/opinion/art-fairs-are-hurting-the-art-world.html
Olav Velthuis is TIAMSA’s President and Professor at the Department of Sociology of the University of Amsterdam. At the department, he is director of the program group Cultural Sociology. His research interests include the valuation and pricing of contemporary art and the globalization of art markets. He has recently studied the emergence and development of art markets in the BRIC-countries (Brazil, Russia, India and China). His best known book on the art market is called Talking Prices. Symbolic Meanings of Prices on the Market for Contemporary Art (Princeton University Press, 2005).