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Lessons I learned working at an art gallery

henrikkarlsson.xyz

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Re: Lessons I learned working at an art gallery

#161

Post by wouldbecouldbe »

balderdash wrote: post #7

I enjoyed reading this, but I felt that 90% of this person’s experience was simply the result of being a real contributor in an organization with non-existent expectations/completely un-optimized state/no other real contributors. In other words it’s easy to make a difference as a high performer in a low performance organization. Again not detracting from this persons achievements, I just don’t think these most of the…

It’s not necessarily more easy to be great in a low performance organisation. Often these organisations are low performant for a reason. The worst one egos, drama and politics

Re: Lessons I learned working at an art gallery

#162

Post by gwbas1c »

grammarxcore wrote: post #3

I refuse to believe that not answering every single email within an hour is a good predictor of anything other than being glued to your phone. I think extending it to a reasonable amount of time, maybe a business day max, works out pretty well. Sometimes people respond really fast because they’re taking regular breaks and other times they don’t respond all evening because they’re putting on their kid’s birthday party…

I interpreted it as "artists who are reasonable people produce better art."

IE, focus more on qualities like: Asking to move a wall at the last minute, needing a life counselor...

Re: Lessons I learned working at an art gallery

#163

Post by orochimaaru »

neaden wrote: post #152
Aunche wrote: post #147

Earlier quoted context omitted.

Whenever an absurdly priced work of art makes it to the news, laypeople immediately jump to the explanation of money laundering, but any artist, art purchaser, or even money launderer would know that this is ridiculous. You'd be an idiot to launder their money in the most publicized auction in the year. If you wanted to launder money, it would most likely be through low-profile private sales.

In this specific case we know who bought it Justin Sun. He's a Hong Kong based cyrptocurrency investor who ate it. So it seems like in this case it was more about getting some press, and probably a bit of distraction against some of the allegations against him.

Nope he didn’t eat it. He got a digital token with instructions on how to tape his own banana to the wall.

Before someone thinks I’m not serious - I am. That was out in the news today.

Re: Lessons I learned working at an art gallery

#164

Post by trgn »

llamaimperative wrote: post #139
niceice wrote: post #135

Earlier quoted context omitted.

How does that work exactly?

Have you ever tried to move $10MM between jurisdictions before? It's much easier when you can put it in a box that looks like, weighs as much as, and actually is a piece of cloth inside of a box, and then open the box up wherever you want it. (To be clear, the banana piece specifically is probably a bad artwork to use for financial engineering purposes, but for the art market as a whole these dynamics add a lot to th…

that isn't money laundering though.

I wonder that too fwiw, what's the exact mechanism with this banana NFT-purchase by which elicit money (from who (?)) is now being laundered as legal income (of who (?)). How does the process work?

Re: Lessons I learned working at an art gallery

#165

Post by detaro »

neaden wrote: post #153
lancesells wrote: post #106

Earlier quoted context omitted.

It's more about people with a lot of money hoping to sell it for a greater return, while maybe also having shit taste in art. In five years it'll be at an auction and sell to some other person with too much money in hopes of making a profit on it later on.

The guy who bought it, Justin Sun, ate it. So unless it's going to get really meta (and stinky) he's not going to resell it.

The thing being bought by him was not a specific physical banana, so he can resell what was sold just fine if he wants to.

Re: Lessons I learned working at an art gallery

#166

Post by [deleted] »

thih9 wrote: post #43

> If we want to make the world a better place, we can’t just think about the lofty stuff: we have to get our hands dirty and make sure the economic engine works. This seems a very narrow if not conformist view of art. Artists doing graffiti, participating in hobby groups, state funded projects, discovered by later generations, etc - they don’t care about making viewers feel good about funding; and yet their art can v…

[deleted]

Re: Lessons I learned working at an art gallery

#167

Post by julianeon »

ValentinA23 wrote: post #78
krisoft wrote: post #38

The problem here is that I don’t trust the author on being able to tell who is the “best artist”. Clearly he has opinions. But for example in point 3, he says he can predict which exhibition will be great based on how easy it is to work with the artist. He predicts that some exhibition will be crap and he is right! Which sounds impressive until you notice that he is not measuring his judgement against something objec…

https://www.zmescience.com/science/physicist-shows-that-to-b... Albert-László Barabás, a physicist, created a network map that can predict an artist's future success based on their early network connections. His work outlines two key "laws of success": - Performance drives success, but when performance can’t be measured, networks drive success. This highlights the importance of networks when objective measures of qua…

Hold up. This is very intriguing.

When you say it can "predict an artist's career success", to a 1st approximation, that means it can predict which artists' work will sell for over 10x its current price in a dozen years.

Is it really that easy to make money in the art market?

Re: Lessons I learned working at an art gallery

#169

Post by [deleted] »

trgn wrote: post #164
llamaimperative wrote: post #139

Earlier quoted context omitted.

Have you ever tried to move $10MM between jurisdictions before? It's much easier when you can put it in a box that looks like, weighs as much as, and actually is a piece of cloth inside of a box, and then open the box up wherever you want it. (To be clear, the banana piece specifically is probably a bad artwork to use for financial engineering purposes, but for the art market as a whole these dynamics add a lot to th…

that isn't money laundering though. I wonder that too fwiw, what's the exact mechanism with this banana NFT-purchase by which elicit money (from who (?)) is now being laundered as legal income (of who (?)). How does the process work?

[deleted]

Re: Lessons I learned working at an art gallery

#170

Post by llamaimperative »

trgn wrote: post #164
llamaimperative wrote: post #139

Earlier quoted context omitted.

Have you ever tried to move $10MM between jurisdictions before? It's much easier when you can put it in a box that looks like, weighs as much as, and actually is a piece of cloth inside of a box, and then open the box up wherever you want it. (To be clear, the banana piece specifically is probably a bad artwork to use for financial engineering purposes, but for the art market as a whole these dynamics add a lot to th…

that isn't money laundering though. I wonder that too fwiw, what's the exact mechanism with this banana NFT-purchase by which elicit money (from who (?)) is now being laundered as legal income (of who (?)). How does the process work?

Again, I have no clue whether this banana falls into this category, but generically and hyper-simplified: you have dirty money in a high-scrutiny jurisdiction, you buy a piece of art for $10MM, you move that piece of art to a more permissive jurisdiction and sell it for $8MM. That buyer gets a good deal and you just mostly cleaned $10MM for 20% in one transaction, which you can then layer into its now-local (permissive) economy for further cleaning before pulling it back out, apparently legitimately, to whatever jurisdiction you want.

You've avoided an international (currency) transaction of $10MM which would be flagged by pretty much every authority with oversight. Just two high-value domestic art sales, which happen all the time.

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