Word: collectors
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Dates: during 2000-2009
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...purchase of a large painting by Zhang Xiaogang at an Oct. 15 London auction by British collector Charles Saatchi suggests the tide of interest from overseas will continue to rise. Saatchi paid about $1.5 million for one of the artist's Bloodline series. Still, New York?based collector Larry Warsh believes he got a good deal. "Saatchi is coming in late, but he's important because people follow him," says Warsh, publisher of the magazine Museums and an enthusiastic advocate of contemporary Chinese art. "It will soon prove to be a bargain." Indeed, that prediction may already have come true...
Such speculative interest could evaporate overnight if the market cools, of course. But that's where the non-Chinese buyers come in. The international contemporary-art market is highly cyclical - many would say current prices are at all-time highs - but there remains a core group of wealthy art collectors who will be comparatively unaffected by external conditions. It's the buyers from that group who are now turning their attention to China, argues banker and avid collector Carl Kostyal. "About 10 to 20 collectors are at the leading edge of contemporary art globally," says Kostyal. "They are already buying...
Inevitably, the flood of money has left some members of the art world in China unhappy. "Modern art in China has become a monster," says respected collector Guan Yi. "People's attention is no longer focused on the art itself but [on] what kind of return they will get on their investment, like the stock market...
Lacoste has enlisted furniture designer Tom Dixon to be the first creator in its new Holiday Collector's Series. Better known for his use of sheet metal and plastic than for cotton, Dixon is exactly the type of fashion outsider that the brand had in mind to revamp its traditional polo, packaged below...
...precisely this failure to acknowledge Peake's breadth of talent that Mervyn Peake: The Man and His Art, a new and comprehensive guide to his career, seeks to redress. In 1998, Peake's son Sebastian met Alison Eldred, an avid collector of Peake's artworks at Beetles' gallery, and over dinner the new acquaintances decided to compile and edit a book which, says Sebastian, would show his father's "eclecticism and breadth to a new generation...