Monday, September 24, 2007

List of fairs in London during Frieze Week 2007

All eyes will be upon the Frieze Art Fair (October 10 -14, 2007) and the frenzy of activity associated with it. Here's a list of art fairs in London that are happening during the same time as Frieze:

  1. Year_07
  2. Pulse Art Fair
  3. Bridge Art Fair
  4. Zoo Art Fair

Friday, September 21, 2007

The Art Market, The Bubble and My Point of View


Email Posts:

From: anonymous <anonymous@artcomments.com>



Hey Pete:

Did you ever see this article?
http://modernartobsession.blogs.com/modern_art_obsession/2007/08/eli-broad-predi.html

August 18, 2007
Eli Broad suggests difficult times ahead for the art
market!!



From: peter Duhon <peter.duhon@artcomments.com>
Date: Sep 20, 2007
Subject: The Art Market, The Bubble and My Point of View


I saw this months ago, and I sent everyone (Art Comments team) the article also or maybe not. Since the spring, I've seen the slowdown and predicted one, my thoughts are in line with Eli Broad. There will indeed be a slowdown, it is not a matter of if but when. I've seen a slowdown from the grassroots level, sometime early in 2008 there will be a slowdown that will become evident even in the auction houses. There have been many indicators supporting my stance: gallery closings, galleries reshuffling from Chelsea to the lower eastside, the abrupt firing of UBS CEO Peter Wuffli, the firing of a prominent official at the investment house Bear Stearns, the housing problem in America (prices receding) and the sub-prime loan crisis, the collapsing of several hedge-funds, the problems at the largest American mortgage company, CountryWide mortgage, which needed a $2 billion bailout from Bank of America (rumor has it that they need several more billion to survive - I thought lending them $2 billion was a big mistake in the first place), and even the current problems of the bank Northern Rock in the U.K give evidence of potentially long-standing problems. I could go on and on with examples.

The sub-prime loan issue is bigger than what the mass media (e.g. George Bush, CNBC) is telling the general public. The mere fact that Damien Hirst's $100 million skull didn't sell but that he actually bought the skull (should we call it art) back from Whitecube, is a symbol that the days of undisciplined and frivolous spending on art are over, at least for the foreseeable future. Damien Hirst's skull will forever symbolise the end of the bubble, however, this doesn't mean the end of great contemporary art.

Although the head of Sotheby's and George Bush feel that things will be fine. I'm curious as to who invented the phrase "pump and dump" which appears be the only reason why someone would forecast good things for the current economy in America. Maybe I'm wrong, but there does seem to be two opposing views, one that predicts a significant cooling of the economy, another one that purports that the economy is only experiencing a minor hiccup. It is not my propensity that I agree with the notion that a significant cooling has already begun and will affect all sectors of the economy, on the bottom and on the top. Although, at the high-end of the spectrum, hedge-fund individuals for example, will have a more tempered and restrained approach, which will affect prices but doesn't necessarily mean that all selling and buying of art will cease.

The people in the art market who will feel the burden of the downturn in the economy the most are those who have relied too heavily on slick gimmicks and hype. Just my humble opinion.

I'm optimistic however about the overall health of the contemporary art scene, and I'm referring to the art and not the prices.

Robert Shiller gave his honest thoughts on the US economy, here's a snippet from the finanical times:
"Robert Shiller, a Yale university economist, told a US congressional panel that he feared “the collapse of home prices might turn out to be the most severe since the Great Depression”.

Peter

Thursday, September 20, 2007

Photos, Deitch Projects: The Art Parade in New York


Here's a link to the photographs I took of Deitch Projects 2007 Art Parade which took place in lower Manhattan: Click Here.


Tuesday, September 11, 2007

The Art Season Begins in New York: Response from an Artist


Email Written on September 7, 2007: Re: Openings.....

Hi Peter, thanks for the list. I must have missed you at each gallery though. Hope you had a good time. I really loved Shannon Lucy's work at Cynthia Broan. Plus, Robert Whitman's installations at PaceWildenstein was amazing, though it would've been cooler if the orbs he had hanging from the ceiling went all the way around instead of coming out of metal thingy (not sure if that made any sense!) Take care and have a great weekend. -robyn



Saturday, September 08, 2007

Email Written by Peter Duhon on September 8, 2007:

Re: [Updated Invitation] Art Parade: Deitch Projects Parade @ Sat Sep 8 4pm - 6pm (nikki)


Nikki, that would be great! Let's meet up at 3:30pm at Aroma Cafe on Houston Street, below is the address, also, I think one or two other artists might come also. After the parade, heading over to Marienne Boesky gallery, and after that opening reception, heading to another opening on the lower eastside, and then finally, heading to a party, art reading in Harlem. Here's the address for Aroma:

Aroma Espresso Bar

3.5 star rating
based on 32 reviews

Categories: Coffee & Tea, Sandwiches [Edit]

Neighborhood: Manhattan/SoHo
145 Greene St
Entrance on W Houston
(between Houston St & Prince St)
New York, NY 10012
(212) 533-1094

Friday, September 07, 2007

The Art Season Begins in New York

Email Written on September 7, 2007:

Sorry for such a short notice, but here is tonight's agenda:
  1. 6pm Black & White Gallery - 636 West 28th Street, Ground Floor // New York, NY 10001
  2. 6pm Opening Reception FRIDAY: Lyons Wier • Ortt Presents: - 171 Seventh Ave (@20th St.)
  3. Keith Tyson PaceWildenstein - 545 West 22nd Street, New York, New York
Last stop is at PaceWildenstein, reception concludes at 8pm.

best,

Peter

The Art Season Begins in New York


Email Written on September 6, 2007:

Here's a list of the openings that I'm attending tonight:

  1. Cynthia Broan Gallery - Cynthia Broan Gallery, 546 W 29th St
  2. Group Show: Diving in the Decadent Ditch of Des Esseintes - 526 W 26, 3rd floor, room 308
  3. Julie Baker in NYC: Garson Fine Art - 511 West 25th Street, 2nd Floor
  4. Zach Feuer Gallery Exhibition dates: September 6 – October 13, 2007 - 530 W. 24th Street
  5. Robert Whittman at PaceWildenstein - 534 West 25th, New York, New York

Starting at 6pm, I am going to essentially follow the order above, Cynthia Broan's Gallery first, and then I'm attending the rest. My last stop will be Robert Whittman at PaceWildenstein.
Hope to see some of you!

-Peter

Wednesday, September 05, 2007

Our Very Own: Artist Mentioned in Village Voice Article


Here's a great link to an exhibition review in the Village Voice that covers the work of an artist who contributes to Art Comments frequently, Don Porcella: Village Voice Article.