{"id":2100,"date":"2022-05-19T11:28:12","date_gmt":"2022-05-19T10:28:12","guid":{"rendered":"https:\/\/toshareproject.it\/artmakerblog\/?p=2100"},"modified":"2022-05-19T11:28:34","modified_gmt":"2022-05-19T10:28:34","slug":"meanwhile-in-the-new-york-art-markets","status":"publish","type":"post","link":"https:\/\/toshareproject.it\/artmakerblog\/meanwhile-in-the-new-york-art-markets\/","title":{"rendered":"Meanwhile, in the New York art markets"},"content":{"rendered":"<div class=\"css-53u6y8\">\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"Ask an Art Adviser: Is Art a Bubble? Are NFTs Art?\" src=\"https:\/\/www.nytimes.com\/svc\/oembed\/html\/?url=https%3A%2F%2Fwww.nytimes.com%2F2022%2F05%2F17%2Farts%2Fdesign%2Flisa-schiff-art-consultant.html#?secret=bUqhDojuVR\" data-secret=\"bUqhDojuVR\" scrolling=\"no\" frameborder=\"0\"><\/iframe><\/p>\n<p class=\"css-at9mc1 evys1bk0\">I now see two modes of value making: a traditional system, and a new system, where investment value and critical and aesthetic values get separated and the art is lost.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Traditional value making happens over many lifetimes, as an artist goes through a bunch of consensus-making benchmarks: other artists, curators, institutions, academics, collectors. Over time, some artists, and some of their artworks, move up into blue chip.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Today, it\u2019s quite confusing. Certain auction houses are mimicking the collectibles market. Everything is a tchotchke to flip. Evening sales are for stuff that those auction houses know they can profit on this week. You have sneakers, dinosaur bones, some NFTs, 50 artists you\u2019ve never heard of, and then three artists who actually should be in an evening sale.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">This is really disturbing. I don\u2019t understand how I can pay $3 million for an artist who\u2019s 30 years old and has no museum shows. I\u2019m terrified about this weird marketplace that is based on nothing but information and chatter&#8230;.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\">\n<div id=\"c-col-editors-picks\" class=\"css-j64t31\"><\/div>\n<\/aside>\n","protected":false},"excerpt":{"rendered":"<p>I now see two modes of value making: a traditional system, and a new system, where investment value and critical and aesthetic values get separated and the art is lost. Traditional value making happens over many lifetimes, as an artist goes through a bunch of consensus-making benchmarks: other artists, curators, institutions, academics, collectors. Over time, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2100","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Meanwhile, in the New York art markets | Artmaker Blog<\/title>\n<meta name=\"description\" content=\"Meanwhile, in the New York art markets | Artmaker Blog\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/toshareproject.it\/artmakerblog\/meanwhile-in-the-new-york-art-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meanwhile, in the New York art markets | Artmaker Blog\" \/>\n<meta property=\"og:description\" content=\"Meanwhile, in the New York art markets | Artmaker Blog\" \/>\n<meta property=\"og:url\" content=\"https:\/\/toshareproject.it\/artmakerblog\/meanwhile-in-the-new-york-art-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Artmaker Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-19T10:28:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-19T10:28:34+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bruce Sterling\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/toshareproject.it\/artmakerblog\/#website\",\"url\":\"https:\/\/toshareproject.it\/artmakerblog\/\",\"name\":\"Artmaker Blog\",\"description\":\"on Toshareproject.it - 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