Download Ebook Dark Side of the Boom: The Excesses Of The Art Market In The 21st Century, by Georgina Adam
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Dark Side of the Boom: The Excesses Of The Art Market In The 21st Century, by Georgina Adam
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Review
"In a nutshell, over a period of 14 years, Rybolovlev coughed up some $2 billion for Bouvier to buy art quietly, then discovered how much profit Bouvier had made and sued him. You should read the book . . . because it is the most detailed account I have read of the affair, down to the mansion in Monaco where Rybolovlev staged his trap for Bouvier’s arrest in February 2015." —Colin Gleadell, Daily Telegraph"AS ADAM POINTS OUT, ‘ART’S SPECIAL QUALITIES OF PORTABILITY MEANS IT CAN BE BOUGHT WITH ONE CURRENCY IN ONE COUNTRY, BUT RESOLD IN ANOTHER—ACTING IN EFFECT AS A SORT OF ALTERNATIVE CURRENCY OR SHADOW MONEY.’" —J. J. Charlesworth, Art Review"a 'must-read' for anyone with an interest in the relationship between art and money." —Colin Gleadell, Telegraph
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About the Author
Georgina Adam is a journalist and author who has covered the global art market for the last 30 years. She is a contributor to the Financial Times and The Art Newspaper, where she was Art Market Editor from 2000 to 2008. She also lectures at Sotheby's Institute of Art, London and participates in panels on the art market at art fairs worldwide. She is the author of Big Bucks: The Explosion of the Art Market in the 21st Century (Lund Humphries, 2014).
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Product details
Paperback: 208 pages
Publisher: Lund Humphries; Reprint edition (March 15, 2018)
Language: English
ISBN-10: 1848222203
ISBN-13: 978-1848222205
Product Dimensions:
6 x 1 x 9.2 inches
Shipping Weight: 12.6 ounces (View shipping rates and policies)
Average Customer Review:
4.1 out of 5 stars
6 customer reviews
Amazon Best Sellers Rank:
#330,393 in Books (See Top 100 in Books)
This was less than a book and more like somebody stitched together eight newspaper articles.The style is as follows: the author goes to an event, interviews people, gives you the story’s background via that of the interviewee’s and fills in a few gaps. The other thing that makes you feel you’re reading the paper is that the author seems to be in awe of the phenomena she decries and the larger-than-life personalities she interviews, to the point of often losing the ability to criticize them.Or perhaps it’s quite simply that she lives in this world. She is of it, she can’t really badmouth it too much.With all that said, there’s good info here about the goings on in the art world. Stuff I took away includes:• China has created immense demand for art by dint of offering tax incentives to developers who include a museum in their sundry developments.• The art world has cottoned on to this and can crank out this art in bulk. The supply to meet this new demand is pretty much “on tap.â€â€¢ About half the art auctioned is Modern.• There’s been a crash in krazy expensive art (that was news to me)• The top end of the market is driven by the NUMBER of super-rich people, not their actual wealth.• “If you can borrow money against it, then it’s an asset†so art is an asset class.• The guy who owns Skorpios made his money in fertilizer, got royally rogered by an art dealer he trusted and came out on top regardless, by selling a Da Vinci to the Saudi prince who’s in the news.The chapters are all structured around a topic (example: “Authenticationâ€) and they all introduce you to a bunch of characters you would not invite around to your house (and who would not come if you did.) The author is kind of in awe of how rich they all are or the fact that they descend from an artist whose oeuvre / name they live off of. You’re told how they got into some type of dispute and if the courts have resolved it yet. Chapter after chapter. Oh, and the price history of some painting is invariably traced, which is guaranteed to make the book age poorly. Or then again, perhaps not!One thing the book did convince me of is the following: if it’s money you’re looking to make from art, you’d better have the firepower to play all the angles. That includes the galleries, the museums, the authenticators and the auction houses. Oh, and the artists of course. If that’s something you cannot do, be aware that the guy you’re dealing with probably can!It was that type of book. A light read for the train, but nothing to write home about. 3.5 stars from me!
Just started it and I will like it a lot BUT why doesn't she have a website with pictures by the artists. I have to keep my iPad next to me to google every artist to see what she is writing about!! She definitely needs to put up pictures somewhere because the book has NONE at all. This is a massive oversight by her or the publishers.This is a subject I am very interested in, (having been an art dealer for 30 years), and having to scramble to find representative pictures is making me nuts! I would give it FIVE stars if it had links to pictures!
Thoughtful presentation of the evolving twists and turns and curves in the recent years of the international art market. Adam's knowledge and clarity of presentation paints a complex picture of that reflects that state of the art world and it is off putting and distressing. If art is intended to uplift the human condition it is now becoming a commodity to impress others and profit from. A sad state of affairs that Adam does not provide much hope that light will shine on and from the Art market. Important read as it provides another insight into the pursuit of wealth via greed and devious deeds.
Read only if you’re interested in the shenanigans of highfliers in the contemporary art biz. Anyone in the middle or lower market stands to gain very little from this book except a dose of fascination with the world of wealthy art collectors.
A great read.
Georgina Adam carries you away on a trip to the world of the super rich. She’s an experienced writer, has a profound journalistic background and is amongst other occupations part of the advisory team for Talking Galleries. So yes, she really knows what she’s talking about as she knows the art world from all ends.She introduces us into a world that is not ours. A world where art is an asset class. The world of the top of the art market where greed reigns. This world should not be mistaken with the “real†art world. The reality that is ours so to say.She visits artists and the story develops towards the market experts, the auctioneers and the collectors informing about all sorts of tax avoidance, money laundering, law suits, free ports, forgery .... all the dark matter and based on journalistic facts.The book reads well. I've read the book through the night.
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