Is Contemporary Art in Crisis, or Will Crisis Save Contemporary Art?
Last year, after the dust had cleared from the meteoric crash of the contemporary art world, there was the distinct feeling that the party had ended. But has it?
Lately, famous works have gone unsold even at rock bottom prices. Publicly-funded exhibits from China to Iceland have been stopped mid-development, and galleries wait with baited breath to see if they will still be around by the end of the year.
The recent economic downturn can be felt everywhere. But one place where the lack of capital has been less obvious to the untrained eye is the art world, which has always been known for its pluck and resourcefulness in lean times. In recent years there has been much talk about how money was destroying art. The question now is, what effect will the lack of money have on art?
As history has shown, a classic piece of art, much like a family heirloom, will always retain its value even in a wildly unpredictable marketplace. At the European Fine Art Fair in Maastricht, Gallerists and collectors are banking on this reasoning by offering sure bets such as a Van Gogh landscape, multiple period Picassos and articles which once belonged to Yves Saint Laurent—a big seller at a recent Christie’s auction.
RoseLee Goldberg, director of performance art biennial Performa thinks that the contemporary art world will have to do some in depth soul searching to determine how contemporary art will fare post-downturn. “We’re asking, What is the role of art? What is its capacity to introduce a new humanism or a new esthetics? The kind of art we’ve been looking at for the past ten years is incredibly sophisticated, but it’s really been driven by a loaded market,” she says.
Indeed, crisis may catalyze innovation, but only if artists are galvanized to look critically at the world around them—something which was conspicuously absent during the Bush years, when many artists were afraid to upset the status quo that was sky-rocketing the value of their work. Watch Sean Scully delve into this topic here.
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
You can use these to get ahead, no matter your age.
Blackstone's Byron Wien, Vice Chairman of Private Wealth Solutions Group, gave a speech laying out the wisdom he learned during his 80 years. Here are 15 of Wien's best life lessons, which teach us about improving our productivity, sleep, burnout avoidance, and everything in between.
According to TwoFold CEO Alison McMahon, a leader who doesn't care (or can't pretend to care) about his or her employees isn't much of a leader at all.
Why do people quit their jobs? Surely, there are a ton of factors: money, hours, location, lack of interest, etc. For Alison McMahon, an HR specialist and the CEO of TwoFold, the biggest reason employees jump ship is that they're tired of working for lousy bosses.
By and large, she says, people are willing to put up with certain negatives as long as they enjoy who they're working for. When that's just not the case, there's no reason to stick around:
Nine times out of ten, when an employee says they're leaving for more money, it's simply not true. It's just too uncomfortable to tell the truth.
Whether that's true is certainly debatable, though it's not a stretch to say that an inconsiderate and/or incompetent boss isn't much of a leader. If you run an organization or company, your values and actions need to guide and inspire your team. When you fail to do that, you set the table for poor productivity and turnover.
McMahon offers a few suggestions for those who want to hone their leadership abilities, though it seems that these things are more innate qualities than acquired skills. For example, actually caring about your workers or not depending wholly on HR thinking they can do your job for you.
It's the nature of promotions that, inevitably, a good employee without leadership skills will get thrust into a supervisory position. McMahon says this is a chronic problem that many organizations need to avoid, or at least make the time to properly evaluate and assist with the transition.
But since they often don't, they end up with uninspired workers. And uninspired workers who don't have a reason to stay won't stick around for long.
Read more at LinkedIn.
Cosmologists propose a groundbreaking model of the universe using string theory.
- A new paper uses string theory to propose a new model of the universe.
- The researchers think our universe may be riding a bubble expanded by dark energy.
- All matter in the universe may exist in strings that reach into another dimension.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.