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Collecting Contemporary
     

Collecting Contemporary

5.0 3
by Adam Lindemann
 

Words from the wise: insiders' tips on how to navigate the art market like a pro

Art is about life, the art market is about money. —Damien Hirst

Whether you're an art fan, aficionado, or collector, this completely unique book should be on your required reading list. Like a textbook for a class given by all of the world’s leading

Overview

Words from the wise: insiders' tips on how to navigate the art market like a pro

Art is about life, the art market is about money. —Damien Hirst

Whether you're an art fan, aficionado, or collector, this completely unique book should be on your required reading list. Like a textbook for a class given by all of the world’s leading experts, Collecting Contemporary is the one and only book to teach you everything you ever wanted to know about the contemporary art market. The introduction explains the ABCs of buying art on the primary and secondary markets, at auction, and at art fairs and gives an overview of the world art scene and its social circles. The main body of the book brings together tell-all interviews with the biggest players in the global art market: the Critic (Rimanelli), the Dealer (Boesky, Brunnet/Hackert, Coles, Deitch, Fortes, Gagosian, Gladstone, Glimcher, Hetzler, Lybke, Perrotin, Rosen, Shave, Wirth), the Consultant (Cortez, Fletcher, Heller, Segalot, Westreich), the Collector (Brant, Broad, Habsburg, Joannou, Lambert, Lehmann, Lopez, Paz, Pinault, Rothschild Foundation, Saatchi), the Auction House Expert (Cappellazzo, de Pury, Meyer), and the Museum Curator/Director (Dennison, Eccles, Heiss, Lowry, Peyton-Jones).

Rounding up the book are chapters on the year in art collecting—giving a timeline of the most important annual auctions, exhibitions, fairs, etc. around the world—as well as a glossary of terms every art savvy player should know. The text is illustrated by the work of the hottest artists in today's market, including Matthew Barney, Jean-Michel Basquiat, Damien Hirst, Mike Kelley, Martin Kippenberger, Jeff Koons, Takashi Murakami, Richard Serra, Cindy Sherman, Andy Warhol, Lisa Yuskavage, and many more. All in all, these elements add up to the equivalent of an invaluable and privileged real-world collector's education—all between the covers of one book.

Editorial Reviews

Forbes
Investors looking to fortify their bank accounts may trade in real estate and stocks, but for those seeking status, nothing can compare to a world-class collection of contemporary art. With six- and seven-figure price tags and fluctuat-ing values, key pieces by celebrity artists such as Jeff Koons attest to the fearless wealth of their owners. More crucially, in a market tightly controlled by mega-dealers including Larry Gagosian and Marc Glimcher, possessing such cultural commodities signifies negotiating savvy. Interviewing an impressive array of gallery owners, auctioneers, consultants, curators and collectors--including the elusive Charles Saatchi--Adam Lindemann effectively lays down the basics for status-seekers wishing to appreciate the significance of purchasing a dead sheep suspended in formaldehyde by Damien Hirst versus a dead horse taxidermied by Maurizio Cattelan. (Hirst's sheep is more iconic, the safer investment.

Betting on Cattelan's horse therefore demonstrates greater sophistication and daring.) Lindemann's interviewees also candidly discuss the rules of the game, from the politics of gallery waiting lists to the risks of reselling at auction without the dealer's blessing, in a market characterized by big egos and small inventories. "It's simple math," says Glim-cher. "[O]nly a tiny segment of our population is capable of making art and only a tiny segment is going to be able to afford it....There's no way that great art can be made democratically." While this would seem to render contemporary art little more than a bauble for the rich, the combination of inherent rarity and ready money has at least one unexpectedly democratic consequence: Galleristsconcernedwith the long-term reputation of their artists often now give priority ac-cess to collectors promising to donate their purchases to museums. "It's like building fundamentals in an undervalued company," says New York dealer Marianne Boesky. "It raises the profile and prestige of the artist"--not to mention the profile of the gallery and the prestige of any collector invested in that artist's skyrocketing stock.
—Jonathon Keats

Product Details

ISBN-13:
9783822849392
Publisher:
Taschen America, LLC
Publication date:
07/02/2006
Pages:
298
Product dimensions:
6.60(w) x 8.90(h) x 1.30(d)

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Collecting Contemporary 5 out of 5 based on 0 ratings. 3 reviews.
Guest More than 1 year ago
This book is a good guide for anyone wishing to break into collecting contemporary art -- plus it is also full of information useful for emerging artists breaking into the International art world, too! It is the first book I reviewed on the UnGraven Image blog, where you can read more.
Guest More than 1 year ago
Adam Lindemann, is an art collector who has written, Collecting Contemporary. The book includes his advice and experience as a collector, but also is a rare insiders peek into the international art world. Lindemann has interviewed a good sampling of some of the top movers and shakers, often the gatekeepers for both collectors and emerging artists. The book includes good reference material and serves as a basic road map for the burgeoning art collector - and possibly an even better one for emerging artists. Since I am founding a new theory of art 'UnGraven Image', which includes a written manifesto booklet on the theory, I am exceptionally interested in reaching other artists with what will help them. This book will. I appreciated the information I found within so much I devoted a whole weekly blog to it 'and longer review' at my web site. Other reviews here and in the press have dealt with the information for collectors -- and it is useful for them. However, emerging artists get a good overview of the contemporary scene, including what collectors and gallerists are looking for, how art prices change due to secondary, original or auction venues, plus, what motivates a collector -- a curator -- or a gallerist to select the work of an artist? Read this book to learn more!
Guest More than 1 year ago
I am currently writing my Master's thesis on the art market and this book as become indispensable! It has interviews from all the major players in the art world and even if your interested in other types of art, it is a good piece to help familarize yourself with how the art market operates. Recomended!