Weather Tonight: 4°c Partly Cloudy Night Morning: 8°c Cloudy

News

I'm hoping for a crash in the art market

Charlotte Ross
23 Oct 2008


This week, amid panicked reports that an unfinished Lucian Freud sold for only £5.4 million, I began to pray for a full-scale crash of the overinflated art market. What a massive relief that would be. I might even be able to buy a painting now and again.

In my own small way I've been collecting art for years. Not like Daria Zhukova, but if I saw something I liked and had money to spare, I'd buy it. Now I have a few pieces by British pop artists such as Blake, Tilson and Paolozzi, a small Gormley and some sculptures by my dad. Nothing flashy, just a range of objects that give me pleasure every time I see them.

In the past few years, though, I've bought barely a thing. Despite having more money to spare, prices have spiralled way out of my reach.

Perhaps because I was brought up by parents who painted and sculpted I've never been afraid of buying art. Of course, it's a subjective process but my painter mum taught me a simple rule. If you're not sure about a piece, just imagine living with it. It's amazing how quickly I can feel physically sick visualising a life dominated by, say, an amorphous piece of neon plastic.

At the Frieze art fair last weekend I applied this trick and spent much of the day nauseous. After three hours of looking, I hadn't found a single piece I liked. Demand was down on last year, apparently, and no wonder.

Amid the Prada-wearing social X-rays and the trendies in ironic tweed, there were serious art collectors. Even Charles Saatchi stalked the stalls. Yet what was there to buy? The 150 galleries were punting insulting scribbles, half-arsed sketches and studenty, mixed-media explosions galore. Substantial work was hard to spot and if you had the nerve to ask eye-poppingly overpriced, especially considering how sloppy the execution frequently was. Most artists don't make much money just ask my dad so I rarely begrudge them the chance to turn a fast buck. But half the pieces on sale were so poorly made they wouldn't last a decade.

I came away feeling I'd witnessed nothing more than an enormous dirty protest. This wasn't art, it was decadence, a mirror to London's recent insane excesses. Money has ruined art, I thought. It's made the artists lazy and the bloated buyers have lost all sense of taste. An almighty, sobering crash will do us all the world of good.

Reader views (2)

 Add your view

How refreshing to read Charlotte Ross's column, and how true, the hype goes far beyond the talent, and it is about time people woke up, junk is junk no matter how you may hype it, long live good art, it doesnt need be the top artist the million dollar tag, just good art well painted/ sculpted etc., and as we are in the art business so we should know.There is such a lot of great talent about, why be taken in by rubbish.

- P.J.Gell, London UK, 23/10/2008 15:16
Report abuse

A lovely article, Charlotte, obviously from the heart.
As a working artist, I empathise with your parents and reflect on how fortunate you were to be nurtured by two obviously sensible and sensitive people who taught you to discern good art from dross. Now I am considered too old to teach art (or anything else for that matter), I have been free for the past few years to spend my life doing what I always wanted to do - paint! Over the years, I have watched whatever flavour of bright young thing was ascendant at any given moment and the thing they seem to have always had as a species is a love of quickly and badly made, but breathtakingly expensive trash that one couldn't live with for more than a moment, neither do they have any clue about the great sweep of the art history of the world that should inform civilised tastes.
Maurice Saatchi and his ilk are nothing more than snake-oil salesmen, and the poor dummies that buy the stuff you so accurately describe are suffering a very severe dose of the 'Kings New Clothes' syndrome.

- Kiwi Expat, London, UK, 23/10/2008 13:33
Report abuse


Add your comment

 

Terms and conditions Make text area bigger You have  characters left.

We welcome your opinions. This is a public forum. Libellous and abusive comments are not allowed. Please read our House Rules.

For information about privacy and cookies please read our Privacy Policy.


 

 

  • MPs spend £400,000 of taxpayers' cash on 12 fig trees for their offices Fig Trees EXCLUSIVE: Taxpayers are footing a bill of almost £400,000 to rent 12 fig trees to shade MPs in the glass-roofed atrium of their...
  • 10 million Tube passengers fail to claim money back for delays Tube train More than 10 million Tube users are missing out on refunds worth more than £20 million when their trains are delayed
  • The final reckoning: how Boris and Ken measure up in election battle Ken Boris split London goes to the polls on May 3 with the election battle between Boris Johnson and Ken Livingstone set to be the capital's closest mayoral...
  • Commuters' favourite swaps busking for the big time with recording deal Tristan Mackay Busker Tristan Mackay has hit the jackpot after landing a record deal with an award-winning producer
  • What a smoothie! Eight-year-old Valentine gives Kate roses and a heart-shaped cupcake Kate Smoothie The Duchess of Cambridge's first Valentine's Day as a married woman was marked with roses, a card and a cupcake - but not from Prince...
  • Kercher family launch appeal over decision to clear Knox of murder Meredith Kercher Meredith Kercher's family today launched an appeal to overturn the decision to clear Amanda Knox and Raffaele Sollecito of her murder
  • PM urged to deport Qatada as he hides in north London safe house Abu Qatada David Cameron was under pressure today to defy European judges by ordering the deportation of extremist cleric Abu Qatada as he holed up in...
  • Now jailed Dizaei could be forced to repay his £1million legal aid bill Ali Dizaei Met commander Ali Dizaei is facing the prospect of paying back tens of thousand of pounds of legal aid as Scotland Yard prepared to sack him...
  • Osborne defends his cuts strategy as inflation falls George Osborne Chancellor George Osborne defended his economic strategy as a fall in inflation finally brought mild relief to some from the tight squeeze...
  • Royal College students to receive scholarships courtesy of Burberry Rosie Huntington-Whitely At the luxury brand Burberry, Christopher Bailey has transformed a designer classic into must-have cool, as epitomised by the models Rosie...
  •  

    Don't Miss