& in Food Publishing,
"The times they
are a-changing!"
ART
Small and Midsized
Art Gallery Closures
Grow in NYC and
Around the USA.
The New York Times reports that
smaller galleries, often the breeding
ground for up and coming artists
are closing right and left, because
of changes in the marketplace.
Excerpt from NYT:"Midsize galleries have long struggled to compete in a field increasingly dominated by mega-galleries with multiple locations, like Gagosian, David Zwirner and Hauser & Wirth. But lately the trend toward an intensely commercial and competitive art market has resulted in a critical mass of galleries folding, moving or merging.Some see the solidifying of a class society. “There is less support for the low end of the market,” said Rachel A. J. Pownall, who prepared the European Fine Art Fair’s 2017 Art Market Report. Dr. Pownall added that “the gap has become greater” between smaller galleries and large ones, which “are traditionally better positioned to reach a wider audience, sell at auction, present at art fairs and gain brand reputation.”
For the complete story follow this link: (https://nyti.ms/2t6Mu41)
From TEFAF Art Market Report for 2017: (Forward) Artnet is proud to partner with TEFAF to present the TEFAF Art Market Report 2017. Widely regarded as the most comprehensive summary of the art market, the annual TEFAF report offers collectors, professionals, and art lovers a global perspective on economic trends in the market. To complement those insights with reliable quantitative facts, we provide the most recent auction data based on our Price Database, which includes over 11 million art auction records dating back to 1985 and is the foundation for an accurate analysis of the market's fluctuations and future trends. We have collaborated with TEFAF to produce the annual report for more than a decade and are delighted to be working with the esteemed fair once more on this invaluable report. Artnet is the leading resource for the international art market. Established in 1989, artnet is dedicated to bringing transparency to the art world with a range of products that ensure easy access to latest art market information and news online. With our suite of services, such as the Price Database, Gallery Network, and artnet Auctions, we empower anyone with an interest in collecting or understanding art.
Link: 2017 Art Market Report
Food & Wine Magazine
is relocating to Alabama.
The New York Times reports that in an effort to save money, Food & Wine's, parent company will consolidate the magazine into a group of food publications, Cooking Light and Southern Living, which have existing photo studios, test kitchens and editorial facilities in Birmingham, Alabama. The grouping will pare Food & Wine's following of chefs, connoisseurs and restauranteurs who look to New York for inspiration with titles catering to beginners in the kitchen and family home cooking. The editorial department employees of Food & Wine are having to weigh "life in NYC" with continuing a job they love. F&W editor, Nilou Motamed, has already resigned.
Cost savings is of primary concern to he print publication industry, as it continues its downward spiral, with most advertiser switching to digital options. Online sites like (eater.com0 & (Food52.com) are now stiff competition.
(Link to NYT story: https://nyti.ms/2sZonE4)
(Source: NYTimes - all stories are credited to NYT and links are provided.)
Until later,
Jack
ARTSnFOOD is an online magazine dedicated to providing artists and collectors around the world with highlights of current art exhibitions, and to encourage all readers to invest in and participate in “The Joy of Art”® and culture. All Right Reserved. All concepts, original art, text & photography, which are not otherwise credited, are © copyright 2017 by Jack A. Atkinson, under all international, intellectual property and copyright laws. All gallery event museum, fair or festival photographs were taken with permission. All images of artworks are © individual artists, fabricators, respective owners or assignees.