What Warhol’s Marilyn tells us about the art market
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Last month, Andy Warhol's "Shot Sage Blue Marilyn" sold for $195mn, making it the second most expensive piece of art to sell at auction, ever. And as prices keep going up, the art market — auction houses, gallerists, dealers, collectors — want to keep it that way. On the heels of a ‘stonking’ art season, we invite two heavy hitters into the studio to walk us through it: arts editor Jan Dalley and art market columnist Melanie Gerlis. Then, Christie's head of 20th- and 21st-century art, Alex Rotter, pulls back the curtain on these record-breaking sales.
Links and mentions from the episode:
– Melanie’s article ‘Art Basel’s Swiss fair defies gloomy economy with soaring sales’: https://on-ft-com.ezproxy.cul.columbia.edu/3QtSagn
– Melanie’s auction season roundup: https://on-ft-com.ezproxy.cul.columbia.edu/38jn363
– Columnist John Gapper on how ‘The art market cannot get enough Andy Warhol Marilyns’: https://on-ft-com.ezproxy.cul.columbia.edu/3O3GeAm
– Jan’s most recent art column, on whether we should send art back to Russia: https://on-ft-com.ezproxy.cul.columbia.edu/3OeLzF2
– Robert Armstrong’s profile of Larry Gagosian: https://on-ft-com.ezproxy.cul.columbia.edu/3IfT0sD
– Melanie’s books are called The Art Fair Story and Art as an Investment?
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Original music by Metaphor Music. Mixing and sound design by Breen Turner and Sam Giovinco.
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