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The Storm Hits the Art Market

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201–210 of 221 posts

Re: The Storm Hits the Art Market

#201
post #114

Earlier quoted context omitted.

Tech firms lobbied this change because they care about EBITA it makes their numbers look better

How would that make EBITA look better? (Even if you meant EBITDA, same question)

You are right reporting is via GAAP rules this only affects tax accounting

Re: The Storm Hits the Art Market

#202

Earlier quoted context omitted.

I have been following: https://www.instagram.com/piperbangs/ https://www.instagram.com/lauren.krasnoff/ https://www.instagram.com/artcarolinegaudreault/ https://www.instagram.com/gretchen_scherer/ https://www.instagram.com/jakeclarkjakeclark/ https://www.instagram.com/hilary_pecis/ And curating: https://www.instagram.com/carriescottcurates/ https://www.instagram.com/mary_lynn_buchanan/

I had a quick look at these instagram links and except for the last two, they do not feel like 'Art', just like most novels are not considered literature. In the past years, I have visited a lot of art exhibitions (at museums and art galleries) and graduation shows of art schools here in the Netherlands. See: https://iwriteiam.nl/Exhibitions.html Even at those, I feel that a lot is crap, too conceptual. But there alw…

Sadly I don't think this perspective will ever be accepted on HN.

Commercial galleries and the art school pipeline are awful in so many ways, but one thing that many people fail to understand is that art in its best light is an ongoing conversation.

Yes you can be incredibly skilled and build an aesthetically beautiful hand made work of art without ever being part of the larger art world. And as a viewer, you can appreciate that art and buy it and cherish it. This is good, great in fact.

But to say that is all that art should be is sort of missing the forest for the trees or whatever. We have this thousands of years old conversation going about form, color, concept, story, material, humanity, etc and when its working correctly the art world cultivates and encourages that conversation.

We can absolutely have this conversation without financializing art to the extreme as has been done the past 10 years, but lets not throw the baby out with the bathwater.

Re: The Storm Hits the Art Market

#203

Earlier quoted context omitted.

I doubt wealthy people are afraid to shop at London galleries or auctions. There are street robberies but they target watches and phones, not so much antiques.

Maybe my comment didn't capture the zeitgeist - it's not that they're afraid of robberies per se, but rather simply living as a wealthy individual in a society with massive inequalities of income has much more social pushback than say, twenty-five years ago.

What do you think the social pushback would look like from the wealthy person's point of view? If you get chauffeured from your London home to your country house and all your social circle are in the same bracket then you won't encounter much of it. And their children might be following activists on social media but they'll still join the family heli-skiing trip to Canada.

Re: The Storm Hits the Art Market

#204
post #146

Earlier quoted context omitted.

Roman Empire, or Genghis Khan, or Nazi Germany did not have a "conflict" with neighbors, some kind of quarrel that can end in a compromise. They had a desire to conquer, subdue, and consume the neighbors. There could be no resolution beside a complete capitulation and becoming annexed. Russia is currently acting in this mode. There can be no "resolution", only a devastating military defeat of one of the sides.

Why are you trying to redefine a word? My most low-effort refutal is simply to consult Webster’s Dictionary: https://www.merriam-webster.com/dictionary/conflict > Definition #1: : Fight, battle, war So, having proved my point, I’ll note that (1) this war could certainly end in compromise, and (2) even a devastating military defeat would be a resolution. And I’ll appreciate not being called an invasion-sympathizer whe…

My intention was not to redefine the word, but to merely offer my opinion that this war is very unlikely to end with any kind of resolution, other than a complete defeat of one of the sides. This conflict is not like e.g. Soviet-Finnish war of 1940, when USSR annexed 10% of Finland and hostilities stopped. It's more like the Napoleonic wars on early 19th century, when Napoleon would not stop attacking, no matter how much land he had already conquered, until a comprehensive and total military defeat.

Of course things could become different if the current Russian leader dies, or is deposed.

Re: The Storm Hits the Art Market

#205

Earlier quoted context omitted.

I doubt wealthy people are afraid to shop at London galleries or auctions. There are street robberies but they target watches and phones, not so much antiques.

Maybe my comment didn't capture the zeitgeist - it's not that they're afraid of robberies per se, but rather simply living as a wealthy individual in a society with massive inequalities of income has much more social pushback than say, twenty-five years ago.

Hasn't seemed to stop the rich at all

Re: The Storm Hits the Art Market

#206
post #180
post #92

Earlier quoted context omitted.

It might be that anyone can generate "art" now. While canvas, sculpture, and other media are far removed from jpegs, the scarcity of adjacent digital forms going away may have reduced the interest in the market for "shaped aesthetic things". The attention, and thus money, has moved elsewhere.

Pretty much every country is in conflict at their border. However, resolutions can happen peacefully. Nations are essentially pillaging structures and thus want to always expand their borders.

what does this have to do with the above points?

Re: The Storm Hits the Art Market

#207
post #174
post #150

Earlier quoted context omitted.

The only peaceful resolution is Russia accepting the sovereignty and territorial integrity of its neighbors. Otherwise there will be no peace, just oppression and torture of the occupied population. And more war down the line, when Russia feels it can take another bite.

By saying this, you must understand that many more people may die for this purpose, and even yourself.

you put your life on the line now, or you put everyone's on the line, later.

WW2 didn't have to happen, and the UK and France could have interviened sooner, before the Nazi war machine took over the Czechs, the Poles, etc.

ounce of prevention vs. a pound of cure

Re: The Storm Hits the Art Market

#208

The art world is just fine. Pretentious art speculation maybe not so much. In a way, we are actually in a golden age. I lurk on social media accounts of amateur art enthusiasts around the globe with (IMHO) good taste who seek out interesting little known artists and post it on their feeds. I am introduced to so much great art that I probably would have never known about otherwise. If I see something I like, I search…

You can also just commission the art you need, a few hundred dollars is damn good money in much of the world( even in the US, if a small painting takes a few hours to make, 400$ can be a fair price). That said, I feel this article is really about our active recession. Rich people are cutting back too it seems.

the materials (custom canvas, paints, brushes, multiple layers of varnish, packaging, shipping) are expensive and they have been getting very much more expensive since COVID. so a few hundred $ for a small painting is not a lot.

Re: The Storm Hits the Art Market

#209
post #140
post #29

> Now that the bubble has burst, the speculators are out of the picture, off flipping meme coins, where no one makes them feel inadequate or insists that they buy three things they don’t want to get the one thing they do. > “The juice has got to be worth the squeeze,” one collector-trader said. “And there’s no juice in the art market. It’s just squeeze, squeeze, squeeze. Rude, rude, rude.” From what little I know of…

I feel like anyone who says about art “the juice has to be worth the squeeze” isn’t really into art.

But likely really into cocaine.

Re: The Storm Hits the Art Market

#210
The market for High Horology (vs. mass market watches like Rolex) hit high water marks the past couple of years. F.P. Journe, for example, released a (Quartz!) watch, the Elegante that retails for $12k and sells on the secondary market for $100k. Maybe rich buyers moved on to celebrating a different type of artist.
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