artnews). Some complain about high rents, "cut-throat-competition" between galleries and an allegedly weak market for art. Jimi Dams, owner of gallery Envoy Enterprises on New York`s Lower East Side which will shut down in August, declares "the reason for my decision is simple…. it is not fun anymore" (envoy). Dams claims "the art industry has developed into an uninteresting, boring entity".
beg to disagree. I find the art industry still fascinating. But I think
that there are too many art galleries and there is not enough
interesting new art for all of them. Alone in my neighborhood, New
York´s Lower East Side, have been about 130 art galleries. They had on
average about 10 exhibitions each annually, that makes more than 1,000
shows alone on the Lower East Side. And there are the galleries in
Chelsea, Soho, Tribeca, Midtown, Uptown, Brooklyn and Queens. I assume
that New York alone has more than 2,000 art shows annually, in
competition with Los Angeles, London, Paris, Hong Kong and many other
places. I doubt that there is enough attractive new art work to fill all
believe that the lamented spree of art gallery closings is just part of
a healthy consolidation. It looks like that the art market in general
is rising again - as the recent art auctions in New York & London demonstrate. The demand for
attractive art works is growing. In Manhattan I can see many new tenement towers which hundreds of flats which cost some millions each. Their owners may need to fill their walls with impressive paintings. Globally wealth is growing - and so is the demand for art.
PS The images here are from the above mentioned gallery Envoy Enterprises (envoy).