Young Artists Get Shot at Success, Galleries Fight to Survive
Filed under: Art
Any successful entrepreneur can tell you that tough markets are fertile ground for future success. If you can carve your piece of the world out now, an upturn later will reward you handsomely.
This sentiment must be on the mind of young British artists – such as Merlin Carpenter. London's contemporary art galleries are starting to show affordable works by newer artists. Far from investing in the future or giving the hopeful a fighting chance, this tactic is seen as a way to develop a near-term revenue stream that will help galleries survive the current financial crisis. Retrospectively, this stopgap measure could be seen as pure genius for the art galleries that discover the next Richard Prince or (blech) Damien Hirst.
Claims of forward thinking, however, will have to remain in the future. For now, dealers and galleries in London are struggling. Allsopp Contemporary shut down an exhibition space, and Yvon Lambert pulled out of London.
The market is searching to find – and exploit – some young blood, and buyers are pressing for discounts. The winners may just be the artists. Those discovered through desperation will define the market in the future.
Killed Soldier In London Attack Identified
Live from Microsoft's New Generation Xbox event!
Brave Woman Stood Down Armed London Attackers
Xbox Reveal liveblog on Joystiq
The List #0147: Escape a Car Underwater
Surgeon's Remove Giant Hairball From Tiger
Xbox One architecture panel liveblog!
H&M's Plus-Size Model Jennie Runk Says She Chose To Gain Weight
LOOK: Bank Vault Saves 22 Lives During Tornado
Okla. Sheriff's Deputy Finds Dog Guarding Body Buried Under Destroyed Home
Helen Flanagan Launches PETA Campaign As Only She Knows How
Reptiles Make Home in UK Man's Cable Box
Okla. School Survivor: Teacher 'Saved Our Lives'
Demi Looks FANTASTIC In A Bikini
Xbox One event roundup: Microsoft reveals its next-gen gaming console
Jodi Arias Jury DEADLOCKED
New Trayvon Martin Evidence Features Incriminating Photos, Texts From Teen
PHOTO: Dog Guards Dead Victim's Body After Oklahoma Tornado Disaster
LOOK: Photoshop Mistake Is Seriously Cringeworthy
What It's Like To Talk To A 2-Year-Old
Teenager's 'Awww'-Inspiring Drawing Wins Big At Google
Singer Sues McDonald's, Claims Chicken Sandwich Incident Ruined Her Voice
'DWTS' Shakeup Ahead?
Woolwich Attack Victim Named As Lee Rigby
Pope Francis Says All Who Do Good Are Redeemed - Atheists Included
REVEALED: Disturbing Trend In Human Intelligence
Has Katie Holmes Moved On?
Wolf Blitzer's Embarrassing Moment With Tornado Survivor
Man Reportedly Beheaded In Brutal Assault In London Neighborhood
White Father Allegedly Suspected Of Kidnapping Biracial Daughters
PHOTOS: Christie Brinkley Gets Back Into A Swimsuit At 59 Years Old