Tuesday 15 May 2012

Art and current economics




Greetings!

After my last letter where I advocated the outsourcing of art sales to galleries, many readers legitimately asked how to do just that. Vast changes are currently taking place in both economics and demographics. When I first started painting 50 years ago, there were fewer accomplished artists and less expendable cash to buy art. Today there are far more artists and a peculiar disconnect in the buying of art.

Basketball star and former US Senator Bill Bradley in his recent book We Can All Do Better notes that our world now has both a surplus of labour and a surplus of capital. Jobs and money shift eastward in the name of power shopping, fossil fuel consumption, outsourcing, investment and debt. North American artists, particularly, are affected by this. It's safe to say that art thrives best in prosperity on home shores.

Currently, in my estimation, four percent of Western populations are making art while only two percent are collecting it. While many pockets of healthy collectorship remain, and some countries remain strong, many artists are experiencing tough times. In the meantime, we have exciting (or obscene) new highs in world auction prices.

Commenting on the 120 million bucks recently paid for a rendition of The Scream by Edvard Munch, the financial journalist and commentator Felix Salmon said that the phenomenon is all about speculation and "rich men comparing the size of their genitals."

So what's an artist to do in this environment? First, artists need to get better at what they do--on the creative front, the production front and the distribution front. Second, the oft-disregarded connection between art and investment is here to stay. Artists who want to be around for the long haul need to maintain creative integrity, dealer price and territory protection, and annual price increases. Third, artists need to realize that any group, any country, indeed, any brotherhood and sisterhood can reinvent itself. Vital are the oft-neglected arts of cooperation and consensus. When artists learn the skills of working together with complementary talents and a spirit of enterprise and mutual well-being, all things are possible. As Bill Bradley says, "We can all do better."

Best regards,

Robert

PS: "Respect your fellow human beings, treat them fairly, disagree with them honestly, enjoy their friendship, explore your thoughts about one another candidly, work together for a common goal and help one another achieve it." (Bill Bradley)

Esoterica: The days of submitting slides to galleries are history. Providing the work is of a suitable standard, artists need a simple, unpretentious and un-shopping-carted website with at least eight of their current works. Target dealers and galleries need to be made aware of your site and directed to it. It's fast and efficient for dealers to go there--they almost always do--and they can tell in 10 seconds whether they are the slightest bit interested. A stand-alone website is best, but a page in our own Premium Listings is sufficient. Your own personality and lots of apples in your applecart help when galleries ask you to come by and say hello.




Current Clickback: "Outsourcing" looks at passing some tasks on to others. Your comments will be appreciated.

Read this letter online and share your thoughts on the current economic climate. Live comments are welcome. Direct, illustratable comments can be made at rgenn@saraphina.com

The Art Show Calendar: If you or your group has a show coming up, put an illustrated announcement on The Painter's Keys site. The longer it's up, the more people will see it. Your announcement will be shown until the last day of your show.

The Workshop Calendar: Here is a selection of workshops and seminars laid out in chronological order that will stimulate, teach, mentor, take you to foreign lands or just down the street. Many of these workshops are recommended by Robert and friends. Incidentally, if you are planning a workshop and have photos of happy people working, feel free to send them to us and we'll include a selection in the workshops feature at no extra charge.

The Painter's Post: Every day new material is going into this feature. Links to art info, ideas, inspiration and all kinds of creative fun can be found in this online arts aggregator.

If a friend is trying to subscribe to the Twice-Weekly Letter via Constant Contact, please let her or him know that confirmation is required and to reply to Constant Contact's confirmation email.

You can also follow Robert's valuable insights and see further feedback on Facebook and Twitter

Featured Responses: Alternative to the instant Live Comments, Featured Responses are illustrated and edited for content. If you would like to submit your own for possible inclusion, please do so. Just click 'reply' on this letter or write to rgenn@saraphina.com


Yes, please go ahead and forward this letter to a friend. This does not mean that they will automatically be subscribed to the Twice-Weekly Letter. They have to do it voluntarily and can find out about it by going to The Painter's Keys website.
Subscribe Free!
Your name and email
address will be kept safe.
To Unsubscribe or Change Your Email Address, please click Safe Unsubscribe or Update Profile/Email Address links found at the bottom of this email.


(c) Copyright 2012 Robert Genn. If you wish to copy this material to other publications or mail lists, please ask for permission by writingrgenn@saraphina.com. Thanks for your friendship.