By Nancy Nesvet Okay, so now we acknowledge that the world of art is tied to economics. Only the Venice Biennale and other recent exhibitions after that model survive to showcase the best of new art not for sale or created with economic appreciation in mind, only the other kind. There is no shame in admitting people buy art to hang on their walls while also hoping the work goes up in value; that supports galleries who pay artists, a noble and necessary employment. The art fairs are a great venue for creating an art marketplace for collectors to buy and galleries to sell. But let’s acknowledge the distinction between and value of art fairs for fun and profit and the Biennales, Documentas and other not for sale art venues. That value was recognized until the recent economic debacle of Documenta 14 at Kassel and Athens. Not only did Documenta 14 lose millions of euros, but the loss … [Read more...] about THE BUSINESS OF ART: ART FREE FOR ALL
