Art and the Market. Caucasus & Beyond https://journal.artandthemarket.com Art and the Market. Thu, 05 Aug 2021 08:58:27 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 NEW ART NEW MARKETS https://journal.artandthemarket.com/new-art-new-markets/ https://journal.artandthemarket.com/new-art-new-markets/#comments_reply Tue, 06 Jul 2021 10:57:43 +0000 https://journal.artandthemarket.com/?p=707

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BOOM: MAD MONEY, MEGA DEALERS, AND THE RISE OF CONTEMPORARY ART. https://journal.artandthemarket.com/boom-mad-money-mega-dealers-and-the-rise-of-contemporary-art/ https://journal.artandthemarket.com/boom-mad-money-mega-dealers-and-the-rise-of-contemporary-art/#comments_reply Mon, 28 Jun 2021 10:31:40 +0000 https://journal.artandthemarket.com/?p=634
Book Reviews
450 pages

ISBN-13:978-1-61039-840-4

US$30.00

Boom: Mad Money, Mega Dealers, and the Rise of Contemporary Art. Public Affairsbooks.com

MICHAEL SHNAYERSON (2019)

London. Review by Stephen McCoubrey

 

At the start of the author’s note for Boom, Michael Shnayerson tells his readers that ’there are many books…that debate the relative merits of contemporary artists and the lasting value of their work. That is not the purpose of this book.’ That is certainly true, and as soon as the narrative starts it is clear that the mega dealers of the sub-title are the stars here, but the pages are richly populated with artists, thank goodness, as it would be a much lesser book without them. 

After the author’s note, the prologue starts with a scene-setter involving  Armenian-American dealer Larry Gagosian on the balcony of Le Trois Roy hotel, the social epicentre of Art Basel, the artworld’s most prestigious event. It is a wonderful encapsulation of being at the heart of the art market, as I know from sitting in that same spot many times, but, as the narrative develops, so too does its true importance, because this book is, among other things, a eulogy to Gagosian’s achievements as an art dealer. 

The book proper starts with a blank slate at the end of World War Two and it successfully inculcates in the reader a sense that this period is a complete re-set for art history.

The setting is New York, and the author takes us on a tour through the studios of the struggling artists who would become the legends of contemporary art, initially the ‘ab-exers’ led by Jackson Pollock, Lee Krasner and Mark Rothko, and the tiny group of dealers and collectors led by Peggy Guggenheim, who chanced their arms to promote them. This generation is followed in short order by the likes of Andy Warhol, Robert Rauschenberg, Cy Twombly, and Jasper Johns, as the prince of contemporary art dealers enters the story; Leo Castelli, of course. Castelli is rightly given his due as one of the greatest art dealers of all time, but it’s not long before Larry Gagosian appears, and hereafter the format of the book is structured around his gradual rise, first as journeyman and then as the anointed successor to Castelli.  An incredibly high percentage of the characters that we meet after this point are introduced to us only through their relationship to Gagosian. This does allow Shnayerson to structure his history of how the art market has grown and commodified since the mid-1970s. The widening geography is described through the growing network of Gagosian spaces, the ups and downs of the market affecting Gagosian as they did everyone else, with Larry always given right of reply if things go awry for him at any point. The reader is introduced to a whirlwind of dealers, artists and collectors in a succession of anecdotes, set out in a very readable timeline, usually because they meet Gagosian to buy, sell or have their artists poached by him. 

It is at this point that the reader might realise that this is also an almost completely American view of the market, that the first transatlantic super-dealer, Marlborough Fine Art, is airbrushed out. Thaddeus Ropac’s amazing career as a dealer has only one real anecdote (in which he loses out to Larry), and London’s mega-trader, Jay Jopling, is barely mentioned. The Swiss collector/dealer, Ernst Beyeler, is never discussed. His creation, Art Basel, is only mentioned a handful of times, and the gallery scenes in London, Paris, Germany and Switzerland are hardly acknowledged. Most bewilderingly, the growth of the Asian contemporary market and its centre in Hong Kong, one of only  three cities in the world with gallery spaces for all the key dealers celebrated in this book, is addressed in three scant pages, despite growing from nothing during Shnayerson’s key timeline.

Really, however, none of that matters. Once you get used to how this framework is used to give a big picture of the market, you can enjoy the impeccably researched and well written stories about a fabulous cast of market insiders that are woven around and through the central theme. I wish I had read an advance copy of the first 200 pages 20 years ago when I was starting out in the art world. After all, some simplification is needed to write a big history with such verve, and it is indisputable that if there is one city central to the art market it is New York and if there is one key dealer, for good or ill (and Shnayerson definitely thinks good) it is still Larry Gagosian. The next twist in the tale, thanks to the pandemic, is yet to be written, but I suspect that it will relate that most of Shnayerson’s key characters have survived and even prospered.

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THE MARKET FOR CONTEMPORARY ART IN THE MIDDLE EAST AND NORTH AFRICA (MENA) https://journal.artandthemarket.com/the-market-for-contemporary-art-in-the-middle-east-and-north-africa-mena/ https://journal.artandthemarket.com/the-market-for-contemporary-art-in-the-middle-east-and-north-africa-mena/#comments_reply Mon, 28 Jun 2021 10:29:41 +0000 https://journal.artandthemarket.com/?p=632

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THE INDIAN VANGUARD https://journal.artandthemarket.com/the-indian-vanguard/ https://journal.artandthemarket.com/the-indian-vanguard/#comments_reply Mon, 28 Jun 2021 07:57:39 +0000 https://journal.artandthemarket.com/?p=630
Doyenne of the Indian art world, Mrs Kiran Nadar at home in New Delhi. Image courtesy of Kiran Nadar Museum of Art. fig.1.
THE INDIAN VANGUARD

In a wide-ranging and penetrating interview, Yamini Mehta (YM) elicits from Kiran Nadar (KN), one of the world’s most influential collectors of contemporary art, her motivation for wishing to enhance her unrivalled collection.

New Delhi: May 2021

YM: The Kiran Nadar Museum of Art is really at the forefront of south Asian art collection. At what moment did that feeling of kismet come to you to push you into building a private museum and in essence finding a niche and filling a gap that the public museums cannot? 

‘ I just think we need a lot more private endeavour to become involved in the arts. While we will fulfil our part and responsibilities, it is impossible for such a large population to be sustained by one museum. ‘

KN:

There wasn’t one singular moment. My interest in art was there from the beginning but peripheral to start with, first buying for the house, and then my interest grew from there. I do give some credit to Neville Tuli ( editor’s note: The founder and Chairman of Osian’s and HEART, an Indian art investment company ) for planting the seed.  His early publications influenced me to get further involved and motivated me to contribute more meaningfully instead of just buying and storing art. But, initially, I never really imagined that I would be undertaking such a huge project. It was just the thought of setting up a niche museum with my own collection. At that time, my collection was limited to 300-400 works, and I thought I would build a small museum for those works. I never really imagined that it would grow so exponentially, both in my mind and in actuality. It was a gradual process, even once I started. I mean, once the museum was launched in 2010, I still had only about 400-500 works. The bulk of the collection has really grown after I started KNMA (editor’s note: Kiran Nadar Museum of Art) (fig.1).

 

YM:

Have you been influenced by your travels? And how? I do remember one trip with you to Switzerland, visiting the Fondation Beyeler and the Bührle Collection. Are there models that served as springboards for what you wanted to achieve in India?

 

KN:

I remember that trip to Switzerland, to Art Basel, to Fondation Beyeler, to the Bührle Collection, which was quite fantastic because I had not really seen that many small intimate museum spaces. I was more accustomed to visiting larger museums like the Met and MoMA, the Louvre and the British Museum. But I think when we went to Switzerland, the museum was somewhere in my peripheral vision, and so the Fondation Beyeler actually moved me considerably. What Renzo Piano achieved with the Beyeler in terms of how he used space, in the way the outside came into the museum, and the seamlessness of the architecture! I was so motivated that at that time I actually went to meet Renzo in New York as well as (Santiago) Calatrava. That was very early on, when I had thought we would build the museum, though, after all that, I wasn’t yet ready for the major step. But I did meet Renzo and he was very, very nice.

 

YM:

So that was also a catalyst for you to look at architecture in intimate spaces. However,  now what you are building is much bigger, more akin to a Met (Metropolitan Museum of Modern Art) or MoMA (Museum of Modern Art, New York).

 

KN:

Right. I knew ultimately that the Beyeler was not the right model for me. It has this intimate beautiful feeling but, you know, I felt India needed something like a Guggenheim Bilbao, not just the building but a transformation of its surroundings.

 

YM:

I love the idea of mixing high and low and the fact that the current temporary museum space is housed in a central Delhi shopping complex (fig.2). It is a brilliant and subversive juxtaposition of high culture and commerce that brings in a wide audience in a way reminiscent of the Mori Contemporary Art Museum in Japan, which is also set in a mixed commercial and shopping area. Spaces that are central or part of a neighbourhood (thinking again of the Met or MoMA for instance) have built in advantages in attracting a drop-in as opposed to a destination audience. Will you continue to use this space as a satellite museum or pop-up to keep the local population engaged?

 

KN:

Yes, we will. The advantage, of course, is that we own the space, so we are not in any rush to give it up. I think it would be a good satellite space to have workshops or artists-in-residence. Though we are still envisioning how to use the space, it will continue in some way or another.

fig.2. Kiran Nadar Museum of Art, DLF South Court Mall Saket, Atrium entrance, 2012. featuring Subodh Gupta’s monumental 26-tonne, 11 x 11 metre installation, Line of Control, 2008. Image courtesy of Kiran Nadar Museum of Art.

YM:

In 2019 at the Venice Biennale, you announced Ghanaian-British architect David Adjaye as the recipient of the commission for the permanent space in Delhi’s outskirts in Noida. The scope of the project was astounding and not like anything seen before in India. What qualities about his design attracted you the most? Could you give a bit of detail about the planned facilities?

 

KN:

Okay, first off I have to say that the location of the museum has been shifted out of Noida and is now going to be in Delhi, closer to the airport. It is going to be off the NH8 (editor’s note: national highway) and we have seven and a half acres of land. But … there is a height restriction for building there. David’s original design was vertical but now what we need is a horizontal space, so the concept has changed to that extent.

We worked with Malcolm Reading Consultants and appointed an eminent jury to assist us in the selection process. Glenn Lowry (editor’s note: Glenn Lowry is the David Rockefeller Director of The Museum of Modern Art, New York) and Chris Dercon (editor’s note: Chris Dercon was Director of Tate Modern, London 2011-2016, and, since 2019, president of the Association of French National Museums-Grand Palais, where he is overseeing the renovation of the Grand Palais) were on the jury, along with Malcolm who had envisioned the competition. I think there were approximately 60 architects who had applied for the commission. We narrowed it down first to 20, then 15, and then to the five who made the final presentation. David Adjaye’s selection was more or less unanimously agreed. There were two or three reasons. I think the most important was that he was very, very keen to do a project in India. Right at the start his enthusiasm for India came through. I mean, it was something he really wanted to do, and I thought that was a great attraction and of course, David, as a person, is very charismatic. And I think we got on very well. We really related to each other. The whole family seemed to sort of adopt him, Roshni,  Shikhar, me, we were all very enthusiastic. And Glenn and Chris were persuaded and persuasive respectively, which made a lot of difference to our final decision. Even if there were any doubts, it didn’t matter because David was the right choice.

So, we have bought the land. David was here a month ago. He managed to make it out three days before the Covid Delhi lockdowns. He has presented his updated plan, which we have okayed in principle. We’re going ahead with it now. He has to get the drawings done (fig.3).

Mrs Kiran Nadar with British-Ghanaian architect, Sir David Adjaye OBE, New Delhi. Adjaye created the winning design for the permanent KNMA space. Image courtesy of Kiran Nadar Museum of Art. fig.3.

YM:

This is really exciting news. I think also having something by the airport where it is central and easy to get to but still a destination will be amazing. Is this already public knowledge?

 

KN:

It is public but we have not published our plans. You know, that part of town is definitely much more developed and has a real buzz. So, the only constraint we had was that we couldn’t build beyond twenty-three meters height. So that’s why it’s all sort of horizontal. But it lends a really different sense of joy to the project. And the feeling of space … so we’re building 900,000 square feet, out of which 400,000 square feet will be allocated for the car parks. But we might reduce the ambitious car parks the government wants us to build by about 200,000 square feet. But even then, it still gives me 700,000 out of which 500,000 square feet will be for the cultural centre / museum.

 

YM:

I am not only excited about the museum project, but envisioning how it could change the environment in the immediate vicinity. I was wondering, since you’re saying this, how much urban planning and infrastructure are part of making the museum a destination.  Are you and Mr. Adjaye thinking along the lines of planned cultural hotspots like Saadiyat Island, Abu Dhabi or the Guggenheim, Bilbao, the latter of which has revitalised the city and the region?

 

KN:

Certainly, Bilbao is very central to my thoughts. You know, Delhi, when you really look at it post-Independence, there’s just one building – and that’s the Bahá’í temple – which has anything to offer in terms of modern architecture. (editor’s note: The Lotus Temple for Bahá’í worship was completed in 1986.)

 

YM:

So, in terms of making the KNMA a go-to destination, is there an aspect of it which is a bit like the Metropolitan Opera House or the Southbank Centre, where you pair it with theatre, restaurants, outdoor installations and hotels?

 

KN:

Yes, it is early days but we have two restaurants planned. One is going to be a  café and one is going to be a   sophisticated restaurant. We have an auditorium for 600-800 seats. We have studios for dance, for art, and music. We have art studios as well, of course. We plan to take a property right behind us in order to have residences for visitors. So, these are just some of the plans that we have in mind. And I told them, I want a home there too, close to the museum, so I don’t have to commute for two hours.

 

YM:

I think the thing, too, is that you realise that an institution like the one you are building is not in isolation. It is going to transform everything that is around it and make it into the destination.

 

We live in interesting times, and when the museums were open, they were a wonderful respite throughout the pandemic. Has the pandemic brought any changes or new ideas in museum design or forced you to think of the space and structure differently?

 

KN:

It has. One thing that has happened with the pandemic is the development of virtual museum spaces, which is here to stay. We have been investing heavily in our digital content. I think people will follow museums a lot more online as well but I think we would like to encourage the audience to come back and be with us physically as well as virtually. Hopefully sooner rather than later.

We are in a time when people are re-modelling their lives and thinking about what is important and meaningful.

 

YM:

I think people are probably looking at structures differently right now, too. Have you been to the Louvre Abu Dhabi? The airiness and open spaces for a hot climate and country…

 

KN:

I love the Louvre Abu Dhabi. I mean, that building is just divine! And what is wonderful is the finishing, the way they have built it. There’s nothing that’s not in place … the flooring, the way the walls are finished, it’s just stunning. India is hot too, but you are not going to feel stifled at our museum. It is going to be airy, with high ceilings, because we are not building many floors. But we are trying to minimize the number of floors and focus on the horizontal accent so that the sense of space is there.

We are using three different elements of white (for cooling) and one is for a porcelain jali (screen) to enhance airflow. We were telling David that we must prevent birds from landing on the porcelain jalis and so he has worked out an ingenious way to have discreet sound currents of animals of prey resounding from the porcelain, audible to the birds but not to us, to act as a natural repellent.

 

YM:

Your collection is eclectic and encyclopaedic, spanning ancient sculpture, court painting, pre-modern and modernist art as well as the art of today. Is the museum also going to have the same remit or is it going to be a bit more focused?

 

KN:

The museum is going to be equally eclectic. We’re going to have popular culture. We’re going to have miniature paintings, and antiquities. Of course, the emphasis will remain on the modern and contemporary because that’s the largest part of the collection. But these little niche collections will remain and we will have a small concentration of foreign artists who I have collected, such as William Kentridge, Olafur Eliasson, Ai Weiwei, and … Marina Abramović …you were there when I bought her work in Basel. So, these are the artists who will be there maybe, in a small gallery to show as international highlights. What I would love is a Van Gogh.  I don’t have one.

 

YM:

I’m sure that that could be arranged. And of course, you have Raqib Shaw and a few other artists from the region who have crossed over into the international contemporary scene.

 

KN:

I have Anish Kapoor in the collection. I think of Anish Kapoor as Indian. I know he doesn’t, but his work is heavily influenced by his background. Raqib Shaw, Rina Banerjee, and Shahzia Sikander. I also have several works by Salman Toor as well.

Shahzia Sikander (1969). Veil n' Trail (1997) tryptich, acrylic on linen 167.6 x 733.4 cms Christie's New York 1st April 2008, $325,000. © Shahzia Sikander, Christie’s Images Limited 2021. fig.4.

YM:

I definitely remember the bidding on your large Shahzia work, Veil n’ Trail (fig.4). It was for an early seven metre long work of hers that was consigned at the back of a Christie’s Day sale by Dakis Joannou for the modest estimate of $15-20,000. He probably did not think much of it. The contemporary department was dumbfounded when four people from the Indian team showed up on the telephones for that one lot to bid against each other and then leave with a flourish after it was sold to you for $325,000. 

 

KN:

I remember sitting with my husband Shiv after that and telling him, ‘You know what I did.  I just got this fabulous work but the estimate was $15,000 and I paid $300,000 for it ‘. He said, ‘Stop this idea of setting up a museum. You have no discipline!’.

 

YM:

Well, that was in 2008, and since then you have moved on to acquire so many more significant works at far higher prices, which reminds me of the adage about masterpieces,  after a while it does not matter what you paid, just that you have it. Of course, it was different for Salman Toor, you bought his work early on and can show that as an example to your husband…. His current auction prices are booming. From estimates at $60-80-100,000 to $800,000 prices. 

 

KN:

I have three Salman Toor works which I bought from Peter Nagy at Nature Morte two years ago. I got to choose the best works in the show. They were in the few thousands. Nowhere near the prices today but this was well before his Whitney show, which has really catapulted him. I wonder what is next for him (fig.5).

fig.5. Salman Toor, The Green Room, 2019, oil on canvas, 125 x 180 cm

YM:

While your collection is world-renowned and well-documented for its twentieth century modernist focus, featuring works from the progressives.  F.N. Souza, S.H. Raza, M.F. Husain, and Vasudeo Gaitonde, you are also the largest patron of South Asian contemporary art in terms of acquisitions and funding. I don’t know how many people realize that, but, for instance, I noted that the KNMA helped to produce Amar Kanwar’s acclaimed film, Such A Morning (fig.6), which was shown at Documenta 14. What other projects or commissions are you supporting these days?

fig.6. Amar Kanwar, Still from Such A Morning, 2017. Digital video, colour, sound, 85:00 minutes on loop. All images courtesy of the artist and Marian Goodman Gallery, London.

KN:

I won’t say that there are a lot of commissions but we have worked quite extensively with Amar. We have also now co-funded his work, The Lightning Testimonies, for the Met with a few others. In specific terms of funding or doing work with any artist individually, we have not done too many commissions. So I won’t name anybody, but it is something we would like to get into and, as contemporary art grows in significance, there will be a lot of opportunities to do more.

 

YM:

The market for south Asian art rose so quickly between 2000 and 2008 and then, inevitably, it crashed. How are you finding the market these days for artists born specifically after 1960 or for art made after 2000? Are there more opportunities for the museum to collect contemporary art these days?

 

KN:

Yes, there are. Contemporary art has not rebounded to where it was in 2007-2008. Those prices, I don’t know when they will ever be realised again, but there is interest now in the younger contemporaries. And so, I think we will see something positive happening. Strangely, during the pandemic, the art market has sustained, if anything, or even gone up. Maybe not in this second phase of the pandemic, which we are having now, but through the first year and a half of the pandemic, auctions did very well. Art generally was upbeat. I think, with a lot of people, with new investors coming in at the lower level, with art they could afford, they now had time and everybody wanted to do things with their homes. You know, there were fewer expenses with no holidays, less travel so there was disposable income. A lot of the galleries are also putting across works of the younger artists with lower price points. Ashish Anand of DAG (Delhi Art Gallery) held a charity sale of 51 works a few days ago, and he sold every single one of them. They were comfortably priced but partly people bought because of charity and partly because there was value for money.

 

YM:

Do you have any particular criteria for acquiring up-and-coming artists into the museum programme? And are there any artists who are born post-1980 who you feel are coming of age now? 

 

KN:

The second part of the question is a difficult question for me to answer. There are young artists who I am actively collecting and see great potential in, but, you know, once I start naming young artists, it becomes difficult and raises the potential for speculation. There are also a number of galleries that are doing exemplary work with contemporary artists and I’ll name one—Experimenter in Kolkata—they are doing fantastic work with their projects. They are serious gallerists. There are a number in Delhi also that are young gallerists displaying younger artists but I am not going to name anyone. If I mention names, it starts to become speculative and I don’t want to start that.

 

YM:

In terms of criteria for acquiring these up-and-coming artists, is there anything that you are really looking at specifically? Because obviously when you are buying, it is for posterity, not necessarily just to fill a space.

 

KN:

You know, I’m quite intuitive in my buying of young contemporary artists,  I don’t necessarily go on very defined criteria. If something in the artist’s work attracts me, if it speaks to me, then I do my research and see what else the artist has done and then ask myself questions, weighing up why I should get into it or regard it just as a whim.  So, I do that now, but even then, I do buy artists with quite a bit of intuitive instinct. I am open to the recommendations of some of the senior gallerists if they come to me saying that this is an artist of theirs that we should see and evaluate. And I think that is a good thing to do because you might miss out on some of the younger artists very easily. You don’t always get to see all the shows and there is only so much you can go and see and do. The concentration being on what you’re really doing with your major artists; that remains the focus.

‘ You know, I just think we need a lot more private endeavour to become involved in the arts. While we will fulfil our part and responsibilities, it is impossible for such a large population to be sustained by one museum. Even the national museums really need to be re-configured. They have received great donations such as the Amrita Sher-Gil paintings in the past and have fabulous works but I think private enterprise is really what is going to push the arts forward ‘

YM:

Museums can often find themselves with static collections, which serve as a snapshot of the time of the visionary collector or curator. How do you envision supporting contemporary art initiatives so that the collection can continue to grow and represent the current crop of artists even 50 years from now? Are you looking to build an acquisitions endowment of some sort?

 

KN:

We haven’t got the financial structure fully in place, but within a very short time, we know what we are going to have to do. I don’t know how many years I’m going to be here and then how the museum is going to function. It’s going to be there for posterity. So, we have to leave it in good hands financially so that it has a budget. But then we are also going to start looking to run it more professionally, with governance, boards for management and collections, and while I have control, I can institute these things, and this is something that I have to do. The other thing we really have to do, which is absolutely beyond necessary, is we need to expand our team. We are working with a skeleton team. It is a brilliant team and I must say Roobina Karode (Director and Chief Curator of KNMA) has been a tremendous asset to us, along with the other curators and the people we have, but the museum is going to need a structure which might be a little different. This is a very important aspect that we are studying very carefully; how to expand the team and which way to go.

 

YM:

Despite India’s population, its impact on global institutions is not as significant as you might expect for such a large global population. What do you think can and will change that in the future?

 

KN:

You know, I just think we need a lot more private endeavour to become involved in the arts. While we will fulfil our part and responsibilities, it is impossible for such a large population to be sustained by one museum. Even the national museums really need to be re-configured. They have received great donations such as the Amrita Sher-Gil paintings in the past and have fabulous works but I think private enterprise is really what is going to push the arts forward (fig.7).

fig.7. Our Time for a Future Caring, 58th Venice Biennale, India Pavilion, 2019. Mrs Kiran Nadar with works by Shakuntala Kulkarni. The KNMA provided both financial and curatorial support to the Indian government to host the India Pavilion. Image courtesy of Kiran Nadar Museum of Art.

YM:

I think at least from the international perspective, what we are starting to see is people who might not be building their own museums, but are joining the boards of major international museums.

 

KN:

Yes, there is more participation and the chance for influence grows. But also, honestly, I would think that some of these international museums, whether Chicago or MoMA, or others, should look closely at some of our KNMA shows. The Zarina show (editor’s note: Zarina Hashmi (1937-2020)) that we have just concluded was such a spectacular event that somebody could have travelled it lock, stock and barrel. And why not? These are areas that are under-represented now more than ever and it would be great to develop more reciprocity between our institution and others. I sent Glenn [Lowry] the updated plans of the museum and got him to speak to David [Adjaye]. And I must say he was wonderful. He spoke. He gave his input, what he felt. But I am going to talk to him about doing more on Indian art.  I think somebody has to start pushing this envelope (fig.8)

fig.8. Zarina. A Life in Nine Lives, Kiran Nadar Museum of Art, 30th January to 30th June 2020. Curated by Roobina Karode

YM:

The Zarina show is just one example amongst many of how the KNMA is redefining and expanding the canon for South Asian art. So many artists from her generation struggled and achieved recognition late in their lives. It is great to see that you are not just ‘pushing the envelope’ but firing on all cylinders because there is the exciting building project with a world-renowned architect, there is the actively growing art collection and then there is securing all of this for posterity. This undertaking is a tremendous responsibility that you are offering to the public good and it is hugely appreciated and valued by everybody in the arts community. It is a great start for India and will hopefully be a beacon to many for years to come.

 

Kiran Nadar
Chairperson, Kiran Nadar Museum of Art
Trustee, Shiv Nadar Foundation

Kiran Nadar is Founder and Chairperson of the Kiran Nadar Museum of Art. Mrs. Nadar is a Trustee of the Shiv Nadar Foundation, which, among its transformational educational initiatives has established the SSN College of Engineering in Chenna, (today among the top private engineering colleges in India), Shiv Nadar University, VidyaGyan schools, and Shiv Nadar School, in addition to the Kiran Nadar Museum of Art. Mrs. Nadar is a member of the Rasaja Foundation, an educational, scientific and cultural institution  (founded in 1984 by the late renowned artist, art historian and art critic Jaya Appasamy)  where she promotes educational initiatives for girls from impoverished and under-served communities.She is a member of the International  Council of the Museum of Modern Art, New York (MoMA) She began her career  in advertising, communications and brand development. Aside from her philanthropic work in art and education, she is a champion bridge player as a member of the ‘Formidables’ team,with which she has represented India, winning numerous competitions nationally and internationally.

Kiran Nadar lives in Delhi, India, with her husband Shiv Nadar, Founder, HCL and Chairman of the Shiv Nadar Foundation.

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EDITORIAL https://journal.artandthemarket.com/editorial/ https://journal.artandthemarket.com/editorial/#comments_reply Mon, 28 Jun 2021 07:37:58 +0000 https://journal.artandthemarket.com/?p=628
Rachid Koraïchi. Lacrymatoires Bleues(2020) ceramic with cobalt oxide underglaze, 51x31x32cms. fig.1
EDITORIAL

London.  With Summer comes the tentative hope in Europe’s art market capital, of a respite from the virus that has plagued the lives of its population for over a year. London is important to our journal because it is the locus for the tertiary art markets of Russia and the Middle East. With New York it also plays a significant role in the transaction of high-end Indian art. These two cities are also centres for international contemporary art, to which category some of the art that you will encounter in this journal belongs. The art procured and disseminated by Sotheby’s, Christie’s, Bonhams and Phillips is occasionally sourced directly from artists and even, in the case of Farhad Moshiri’s (b. 1963) painting, Eshgh (2007) – now in the collection of Dr Farhad Farjam – commissioned by an auction house. But this proximity of auction houses to artists exists only at the inception of a new market; in mature markets art is recycled via the tertiary market only after it has passed through several hands. If the countries in which this art is created operate restrictive or protective art markets, which is the case in Iran and in most of the Middle East and North Africa (MENA) -with the exception of the Gulf- then local intermediaries are the only points of entry and exit. Here, the pecuniary intersection of the various local art world constituents is lubricated by hard currency transactions devolved to third States.  

The Gulf is the art market centre of the MENA region. It has at its heart the emirates of Dubai, Sharjah, Abu Dhabi and Doha, which perform the role of filtering and presenting the art from the surrounding states and even India to an international audience. Local galleries such as Meem, Ayyam, and Third Line rub shoulders at regional fairs such as the recent in-real-life (IRL) iteration of Art Dubai, with specialist international dealers like Aicon, New York and San Gimignano’s Galleria Continua. National auction houses like Iran’s Tehran Auction and India’s Astra Guru hold, respectively, monopoly and leading positions within their national markets.

Dramatic external events have determined the nature of the markets throughout this region. The so-called Arab Spring, which began in 2010, has fractured Arab society. Two years before, the global credit crisis fissured the Gulf and had a particularly damaging impact on Dubai’s property market. Relations between the Gulf states are very changeable and the Abraham Accord between Israel, the United Arab Emirates and Bahrain is particularly fragile. The cultural ambitions of Saudi Arabia’s 2030 Plan, will challenge the regional cultural predominance of the United Arab Emirates. One likely outcome will be a proliferation of schools of traditional calligraphy. Saudi’s Ministry of Culture declared 2020 to be the year of Arab Calligraphy and the Madinah-based Dar Al-Qalam Complex has revealed plans to become an international institute recognising competence in Arabic calligraphy. These cultural resurgences have been 80 years in the making. The Saudi Taibah (calligraphy) school was founded in 1942. The Arab initiated Hurufiyya movement and the Iranian Naqqashikhatt style of calligraphy appeared after the Second World War, and in Iran were conceived as a tonic to Gharbzadegi (Western struckness) a derogatory term coined by the academic Ahmed Fardid. Turkey has, as Andrea Sandri writes in the Journal, looked deep into its past in order to rekindle its former splendour. It has highlighted its deep reservoir of skilled crafts, perhaps at the expense of its regional art market leadership. But Turkey, and Istanbul in particular, still has a first-class art world and the advantage of a rich architectural history, which, as the re-consecration of the Hagia Sofia make apparent, is very relevant today. The great familial craft traditions of Iran, to which Nima Sarghachi alludes in his interview with the editor, enables a descendent of the original artisans of a sixteenth-century monument to restore it to its original state. India too is steeped in its past. Anindya Sen writes of Narendra Modi’s gift of Mahatma Ghandi’s hand-written interpretation of the Baghavad Gita to President Obama and of the Bharatiya Janata Party’s (BJP) desire to promote the ancient culture of India.

So much of the evolution of the art markets in this region is dependent on the will of government. Yamini Mehta points to the importance not only of private patronage per se to the Indian art market, but to the collaboration between cultural benefactors like Kiran Nadar and the Indian government. The importance of these relationships was recently made apparent in the form of the Indian pavilion at the 2019 Venice Biennale; the fruits of a partnership between the Kiran Nadar Foundation and India’s Ministry of Culture. India should heed the plea of Kiran Nadar and facilitate more public/private partnerships.

‘ There are many forces propelling the art worlds of this region in multiple directions. There is the international magnetism of London, the Western-centric infrastructures of the Gulf States and the equally potent traditional and often inaccessible markets devoted to traditional practice locked behind the gates of political isolationism or the walls of cultural exclusivity. ‘

At present, according to Yamini Mehta, the Nadars and a handful of wealthy Indian families are almost single-handedly building the hardware of that nation’s art world. If their efforts can be harnessed to government, India’s febrile art market will thrive. The Gulf states, and more recently Saudi Arabia, have proved the most stable and supportive governments in recent years. The soundness of these ministries has led to the development of an unparalleled regional arts infrastructure, which will undoubtedly have a positive influence on the future value and price of Emirati art. Janet Rady refers in her article to the seminal role played by the Alserkal family in the development of the industrial area of Al Quoz in Dubai. The political stability that this highlights has enabled the passionate collector Farhad Farjam, as Roxane Zand discovers in her interview with him, to salvage and preserve precious relics.

There are many forces propelling the art worlds of this region in multiple directions. There is the international magnetism of London, the Western-centric infrastructures of the Gulf States and the equally potent traditional and often inaccessible markets devoted to traditional practice locked behind the gates of political isolationism or the walls of cultural exclusivity. Neither of these two states need to be permanent. In May I visited, for the first time in over a year, an exhibition at a private gallery in London. The October Gallery exhibition was devoted to the work of the Algerian artist Rachid Koraïchi (b.1947), titled, Tears that Taste of the Sea. The exhibition displayed seven of the pots that he had inscribed with talismanic symbols while beleaguered in Barcelona during the height of the Covid pandemic. The series of seven anthropomorphic four handled pots, entitled Lacrymatoires Bleues (2020) (fig. 1) and reminiscent of a person with arms akimbo were accompanied by a set of wall-based works titled Mouchoirs D’espair (2020). 

On the far wall, an etching of the artist’s seminal project, Le Jardin d’Afrique (2020) fig. 2 took the form of a Medina, with the addition of stylised waves. It was created in collaboration with the students of the National College of Art in Lahore at the time of the Second Lahore Biennale. The actual project to which this work of art alludes is a plot of land that the artist bought in 2018 in order to bury the dead and swollen bodies, washed up on the shores of Southern Tunisia of people from north and sub-Saharan Africa who had drowned. Koraïchi has funded, designed and created every monument in the enclosure, employing craftsmen to reproduce the designs of seventeenth century tiles. It is in every sense the Thiepval of North Africa. 

Rachid Koraïchi. Le Jardin Africa (2020) Etching 108.5 x 76cms. Edition 70. fig.2
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Basic Art Market Data for: Iran, Egypt, India and Saudi Arabia https://journal.artandthemarket.com/basic-art-market-data-for-iran-egypt-india-and-saudi-arabia/ https://journal.artandthemarket.com/basic-art-market-data-for-iran-egypt-india-and-saudi-arabia/#comments_reply Thu, 24 Jun 2021 07:55:46 +0000 https://journal.artandthemarket.com/?p=545

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Art and the Global Economy. https://journal.artandthemarket.com/art-and-the-global-economy/ https://journal.artandthemarket.com/art-and-the-global-economy/#comments_reply Wed, 23 Jun 2021 06:52:46 +0000 https://journal.artandthemarket.com/?p=511

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The Farjam Collection: preserving the past/nurturing the present https://journal.artandthemarket.com/the-farjam-collection-preserving-the-past-nurturing-the-present/ https://journal.artandthemarket.com/the-farjam-collection-preserving-the-past-nurturing-the-present/#comments_reply Tue, 22 Jun 2021 12:38:41 +0000 https://journal.artandthemarket.com/?p=503

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Turkish art: tradition and the contemporary https://journal.artandthemarket.com/turkish-art-tradition-and-the-contemporary/ https://journal.artandthemarket.com/turkish-art-tradition-and-the-contemporary/#comments_reply Tue, 22 Jun 2021 11:23:50 +0000 https://journal.artandthemarket.com/?p=497

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Middle East, North Africa, India and Turkey. The redress of common assumptions. https://journal.artandthemarket.com/middle-east-north-africa-india-and-turkey-the-redress-of-common-assumptions/ https://journal.artandthemarket.com/middle-east-north-africa-india-and-turkey-the-redress-of-common-assumptions/#comments_reply Tue, 22 Jun 2021 07:11:28 +0000 https://journal.artandthemarket.com/?p=490
Middle East, North Africa, India and Turkey. The redress of common assumptions.

London. How do you define any region? For ease of use, we have arranged our journal into three editions, to be published in February, June and October each year.  The territory, cultures and markets that we address separately in each edition are divided into three segments; the Caucasus, which will in future include Russia and Central Asia; the Middle East, North Africa (MENA), which encompasses Turkey and India and will later include Pakistan, Bangladesh and Sri Lanka; and China and East Asia, which will, over time, incorporate South East Asia. 

In edition 002 there is a very strong case to be made to conjoin a landmass stretching west to east from Istanbul to Kolkata and north to south from Tabriz to Golconda.

This vast territory was governed throughout Europe’s Renaissance and Enlightenment by three consanguineous dynasties; the Mughals, Ottomans and Safavids. In today’s historicist era, in which traditional values are once again treasured, the acronym ‘MENA’ and the title, ‘India’, hark back to a world of European colonial cartographers perhaps no more so than in the division between Pakistan and India and that between India and Bangladesh – but, we are obliged to follow the current geographic compartmentalisations for the sake of expediency.  In truth, we would like to refer to the Indian sub-continent as ‘Hindustan’ and much of the entire region as the ‘Persianate realm’. 

We must satisfy ourselves today by peeling back the gratuitous labels, which have been affixed to identify modern states created atop the ashes of civilisations. In so doing we endeavour to discover truthful contemporary expression.

We search for and, increasingly, find resurgent and renewed traditions, which revivify contemporary practice. 

This edition (002) is substantially larger than the inaugural one. We have commissioned four feature articles and added a collector’s corner and book review section. The Journal is privileged to have been granted access, through the association of two of its contributors, Roxane Zand and Yamini Mehta, to the two pre-eminent collectors of the Middle East and India; Dr Farhad Farjam and Kiran Nadar. The two interviews of these internationally respected collectors, conducted by our interlocutors, provide additional insights into their extensive philanthropic activities. The agency of both collectors in the support of new artists from the region has been key to sustaining the art worlds of India and MENA through their recent vicissitudes. 

We are delighted that ArtFacts has agreed to continue to supply us with its unique data in a section now entitled ‘Data Corner’. This comprehensive information source provides commentators and analysts with a sound platform on which to construct their market theories. The three books chosen by our recently appointed reviewer, Stephen McCoubrey, former curator of the collection of the Union Bank of Switzerland (UBS), reflect the continuing discussions surrounding the purpose of art and its relationship to the art market. In the book, Boom, we read an unapologetic endorsement of commercialism, and in another book, New Art, New Markets, a polemic on what might replace this Anglo-American construction.  In a third book, Art and the Global Economy, we are asked to consider a return to an artist led art economy.

As the journal matures the trans-regional connections between art and practice across the new art worlds that we examine will become apparent. We cover Asia in the next instalment and I feel sure that some of the shared cultural characteristics that permeate the cultures that we investigate will emerge. The Madani form of rock calligraphy in the Al Madinah province of Saudi Arabia is echoed in the calligraphic rock and oracle bone inscriptions of China’s Shang dynasty. The revival of the art of Chinese and Arabic calligraphy today is perhaps one of the clearest signs of the efflorescence of ancient traditions. It is a signal too of a change in societal mores and imminent alteration in art world conventions.

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