the sleazy side of the art market.

Here is something to think about my artist friends.




Who are the patrons of contemporary art today? The ARTnews 200 Top Collectors list is an obvious place to start. Near the top of the alphabetical list is Roman Abramovich, estimated by Forbes to be worth $13.4 billion.





In the midst of an economic crisis, the art world is experiencing an ongoing market boom which has been widely linked to the rise of High Net Worth Individuals (HNWI) and Ultra-HNWIs (people worth over $1 million or $30 million respectively), particularly from the financial industry.



Progressive artists, critics and curators face an existential crisis: how can we continue to justify our involvement in this art economy? At minimum, if our only choice is to participate or to abandon the art field entirely, we can stop rationalizing that participation in the name of critical or political art practices or–adding insult to injury–social justice. Any claim that we represent a progressive social force while our activities are directly subsidized by, and benefit from, the engines of inequality can only contribute to the justification of that inequality. The only true “alternative” today is to recognize our participation in this economy and confront it in an open, direct and immediate way in all of our institutions, including museums and galleries and publications. Despite the radical political rhetoric that abounds in the art world, censorship and self-censorship reign when it comes to confronting our economic conditions, except in marginalized (often self-marginalized) arenas where there is nothing to lose–and little to gain–in speaking truth to power.

$1,300,000

$$$$$$$$$$$$$$$
The most expensive photograph in the world
Larmes tears, 1932
MAN RAY

 

Indeed the duplicity of progressive claims in art may contribute to the suspicion that progressive politics is just a ruse of educated elites to preserve their privilege. In our case, this may be true. Increasingly it seems that politics in the art world is largely a politics of envy and guilt, or of self-interest generalized in the name of a narrowly conceived and privileged form of autonomy, and that artistic “critique” most often serves not to reveal but to distance these economic conditions and our investment in them. As such, it is a politics that functions to defend against contradictions that might otherwise make our continued participation in the art field, and access to its considerable rewards–which have ensconced many of us comfortably among the 10 percent, if not the 1 percent or even the 0.1 percent–unbearable.

A broad-based shift in art discourse may help precipitate a long overdue splitting off of the market-dominated subfield of galleries, auction houses, and art fairs. If a turn away from the art market means that public museums contract and ultra-wealthy collectors create their own privately controlled institutions, so be it. Let these private institutions be the treasure vaults, theme-park spectacles and economic freak shows that many already are. Let the market-dominated art world become the luxury goods business it already basically is, with what circulates there having as little to do with true art as yachts, jets, and watches. It is time we began evaluating whether artworks fulfill, or fail to fulfill, political or critical claims at the level of their social and economic conditions. We must insist that what art works are economically determines what they mean socially and also artistically.



http://www.adbusters.org/magazine/100/1-percent-art.html