GAMG Newsletter
On January 28th, in an attempt to raise awareness for their environmental and social beliefs, a social activist group named Riposte Alimentaire threw soup at the Mona Lisa. Although its glass casing protected it from any real damage, the soup still managed to create disruption and grab attention. The protestors said they wanted to draw attention to unsustainable food production and hunger in France.
Sotheby's v. Rybolovlev
Outrage Over Plan to Restore Giza
Pyramids
Recently, a project was put in motion to restore one of the Giza Pyramids by reconstructing its granite casing. Although this plan is backed by the Egyptian government and Japanese archaeologists, archaeologists are outraged. They believe that modern hands should not be touching the structures of history, and have even compared it to straightening the Tower of Pisa.
Wool and Koons in Focus
For three weeks, the New York federal court debated Rybolovlev vs Sotheby's, and it has finally concluded. In this lawsuit, Russian billionaire Dmitry Rybolovlev claims that Sotheby's Auction House helped an art buyer defraud him, by overcharging him over one billion dollars for 38 works of art. Sotheby's responded by claiming that Rybolovlev was defrauded, but by art buyer Yves Bouvier, not Sotheby's. This argument must have rang true because Sotheby's won the lawsuit.
After the 2020, museums promised to diversify their offerings, and auction houses began to introduce more women and artists of color to their sales Clients now started prioritizing both emerging and established artists from these underserved groups to ensure they have a comprehensive and culturally relevant collection.These trends underscored the enduring popularity and value of contemporary art in the global market.
GAMG
Untited (Yelow, Orange, Yelow, Light Orange) (1955)
Vol.Three
Photo by Tristan Fewngs/Getty Images for Sotheby's
ART FAIRS ART SG
ART SG returned to Singapore’s Marina Bay Sands Resort and Convention Center. Although it was only their second year as an art fair, they already had a 30% decrease in exhibitors from last year and were missing many big blue chip artists from their roster. Many galleries reported slightly disappointing sales, but that does not mean it was not a success. Works by artists including David Salle and Anselm Kiefer were sold to prominent collectors and proved that it was worth having an art fair in Singapore, even if it isn't the top-selling event of the year.
India Art Fair 2024
The India Art Fair 2024, held in New Delhi, serves as a beacon for the country's vibrant art scene The choice of location in India's capital symbolizes the convergence of tradition and modernity, reflecting the nation's rich cultural heritage and contemporary dynamism. By hosting the fair in New Delhi, organizers emphasize accessibility and inclusivity, allowing artists and enthusiasts from across India and beyond to engage with diverse artistic expressions.
Elton John decided to sell his Peachtree Road apartment and his extensive collection of art and memorabilia at Christie's auction house. This marks the first major sale from his collection since 2003 and is expected to bring in an impressive $10 million. The collection includes items ranging from his cherished conservatory grand piano to a captivating portrait by Julian Schnabel and a thoughtprovoking Banksy triptych. His art, clothing and jewelry is just as bright and flamboyant as you would think, so definitely follow the auction this week!
Native Art Renaissance
The contemporary Native and Indigenous art scene is experiencing a vibrant renaissance! Major exhibitions, prestigious awards, and dedicated selling events like Phillips' "New Terrains" are propelling it into the spotlight. While challenges like lower prices and limited recognition persist, the overall message is one of hope and progress. This growing interest creates exciting opportunities for artists and enriches the art world for all.
GAMG
About Us...
The Guild aims to foster an inclusive community of individuals at Goizueta Business School who share an interest in art, the art market, and their intersection with business. The Guild hopes to provide opportunities for learning, networking, and engaging in discussions related to art markets, art investment, entrepreneurship in the art world, and the broader creative economy.
The GAMG Monthly Newsletter is written and composed by Jainee Shah (BBA25) and Sammi Friedman (C26), 2023-2024 GAMG Newsletter Editors
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Edward Degas, Two Dancers on a Stage, 1874
Anselm Kefer
Million Dollar Piano
Jaune Quick-to-See Smth My Heart Beongs to Daddy, 1998 Courtesy of Philips