![]() ![]() But when you get right down to it, it's a bit of an elitist world," Gagosian said. (Victor Boyko/Getty Images)įor all its reach and influence, Gagosian's empire depends on market forces that mix the economics of supply and demand, greater disposable income among the world's wealthiest individuals, greed, desire and the lubrication provided by parties serving French Champagne. products, in Baltimore in 1981.Īrt dealer Larry Gagosian at a dinner celebrating a museum opening in Moscow in 2015. All these other artists were coming from all over the world and getting all the attention." Galleries that once focused on local or regional artisans felt they needed to add international artists to appear cosmopolitan and stay competitive.įree-trade agreements opened up opportunities to bring in affordable craft items and fine art made in Vietnam, China and elsewhere, but 30 percent of independent galleries and shops have closed because they could not get credit lines in the 2007-09 recession, says Wendy Rosen, who started the American Made Show, a trade exhibition for U.S. "Chinese contemporary art got very hot," says John Zarobell, a University of San Francisco assistant professor writing a book on global art trends. Starting about 30 years ago, Chinese and Japanese artists began selling their work in galleries in Los Angeles, San Francisco and elsewhere. Digital art and online galleries are growing rapidly, while small independent galleries and shops that have not adapted to the changes are dying. Galleries, artists and collectors, following the lead of many businesses, have become more diverse and global, creating a host of opportunities and issues. More people have invested in art in hopes that it will appreciate in value. Artists and gallery owners have become celebrities, brands and big businesses. In many ways, Gagosian's empire demonstrates important trends in the art market. 3 "The sun never sets on my gallery," he said. 2 And Gagosian's galleries in Athens and Paris give him outlets to show works by artists who are represented by other galleries in New York. He and other global gallery owners have set up shop in Hong Kong to capitalize on the growing wealth in China and to recruit local talent. His 15 galleries in Europe and the United States and one in Hong Kong give him broad reach to sell art and promote his coterie of creators. ELMER ROSEN FAMOUSE MUSITION PLUSHis global art venture brings in an estimated $1 billion in annual revenue with a roster of artists that includes Pablo Picasso, Jeff Koons, Damien Hirst and Alberto Giacometti, plus a retail shop that sells Andy Warhol Campbell Soup candles for $60 apiece. He graduated to promoting prints and higher quality work, and eventually some of the pictures were valued in the millions. "I could have been selling anything it could have been belt buckles. "Schlock," Gagosian described them recently. (Ernesto Ruscio/Getty Images)Īfter majoring in English literature, Larry Gagosian started his career in the 1960s selling framed posters of ocean vistas in Los Angeles. ![]() Such work has become part of the global art market. Construction Co., Inc."War, Capitalism and Liberty": An exhibit of work by the English street artist Banksy in Rome, May 2016. The Woody and Gayle Hunt Family FoundationĮmily Kaiser and Gene Bulmash Donor Advised Fund Ross Perot, Jr./Hillwood Development Company, LLC The Cynthia and George Mitchell Foundation That revenue is not reported here but can be found in aggregate on our Form 990. The Texas Tribune also earns income from Texas Tribune Festival ticket sales outside rentals of Studio 919, our events space and subscriptions to The Blast, our politics newsletter. If you have a question about an amount you see below, please contact us at donors or corporate sponsors who have given $1,000 or more to the Tribune are named in our stories, we disclose them on those pages. ![]() Amounts listed are updated daily and are subject to change. Current-year and all time totals below include both pledged and received gifts. ELMER ROSEN FAMOUSE MUSITION FULLWhen it comes to our donors and corporate sponsors, the Tribune is committed to full transparency. If you are interested in becoming a donor or a member, click here. They play no role in guiding the journalism produced by the Tribune or the planning and execution of events. ![]() Donors and members subscribe to The Texas Tribune’s belief that promoting greater civic engagement and informed discourse is a direct route to a better and more productive Texas. ![]()
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