12.01.2005

is the art scene dead here? & the economy.

oh my gosh. if i have one more discussion about the art scene in chinatown & whether it is dead or not...or how 'bout the one about the economy being bad & that's why noone is buying art...or about speculation of why galleries don't survive...

it is truly exhausting!

here is the deal : the "scene" in chinatown is fine. as far as i can tell, these galleries are doing well & have no intention of going somewhere else because the scene is gone. it's not gone.

the economy: art is a luxury item. regardless of the price range, it is not a commodity that is easily swayed by the economy because it is an item that is purchased by passion, not out of necessity. people will buy it regardless of what the economy is like.
just check out artnet & all of the huge numbers that are running through the auction houses.
look at miami - all those art fairs on one glorious weekend & the huge amount of money spent to put them on & all of the amazing art there is to buy. i am sure that plenty of the participating galleries will come home very satisfied with the sales results they gain from being a part of the fair. (and the artists too)
sounding like a win-win situation no matter how you look at it - all based on the sales of art.
so, if anything, the art is facilitating the economy.
hotels, advertising, fuel, transportation, publications, food services, bars & restaurants - all of these industries are also benfiting from the art event.

it just depends on how you are viewing the economy - the economy is a huge entity, so to blame the failure of a single industry on the Giant Beast that is The Economy is simply - simple. No matter what, people will spend their money how they choose when it comes to something like art, which is not on the pyramid of needs.

why a gallery closed: the reasons are endless & differing. For those that end soon -
at least you tried!! art is a great thing to support. did you expect to make a ton of money? not everyone does, but that's OK.
should we keep judging people for their failures? were there really failures anyway?

or should we look at the good they are doing - the great shows, the artists they support, the interesting curation concepts, the compelling press releases, the fun we had at the opening, the fine things that were said about the art, the amazing relationships that were built...the fun in acquiring art, the fun in selling art...

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