WHEELING AND DEALING

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WHEELING AND DEALING. THE ROLE OF THE ART DEALER TODAY IN THE ART MARKET - PowerPoint PPT Presentation

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  • WHEELING AND DEALINGTHE ROLE OF THE ART DEALER TODAY IN THE ART MARKETDealers play a critical role in maintaining the integrity and viability of museum acquisitions and donations with proper provenance and correct art appraisals for art purchases by museums and private collectors. (Important for tax deduction purposes)Provide a strong counterattack to forgeries Help return and locate stolen works Dealers can also destroy credibility of a museums or gallerys collection, reputation of an artist and/or gallery, and con people out of their money.

  • Art Dealers Yesterday and TodayBirth of the Art Market in 17th century Holland

    The historical mother of estate sales: The families of the deceased would sell everything from clothes, paintings, furniture, etc. to pay off debts and/or make extra money

  • Art Dealers Yesterday and TodayBy the 18th century, the dealer was the main middleman for expanding art market.Europeans wanted experts who could evaluate and manage art worksMost famous of these Frenchman named Gersaint: Self-Promoter, Benefactor who shelters and encourages the artist in a disinterested fashion, wrote his main artists biography in 1744 (Jean Antoine Watteau 1684-1721) placing himself in a wonderful light. In France, stigma surrounded the dealer profession-society felt they were only driven by money, not to mention that artists from the Royal Academy and Noblemen were not permitted to engage in open commerce of their art works.

  • Jean Antoine Watteau LEnseigne de Gersaint, 1720Oil on canvas; 163 x 308 cm; Charlottenburg Palace, Berlin

  • Art Dealer

    Characteristics of an art dealerCollector, lover of art, possesses personal relationship with the artist, fundamentally-businessman/businesswoman

    Mary Boone in her NY gallery today

  • Art Dealers in AmericaLong History of Art Dealing in EuropeWhile there were Art Dealers since colonial times in America, Art Dealers became officially organized only in 1962 after the postwar era, becoming The Art Dealers AssociationToday the Art Dealers Association of America (ADAA) is composed of 160 member galleries in more than 25 U.S. cities.

  • How does one become an ADAA Dealer?Invitation onlyMinimum 5 years experienceReputation for honesty and integrityExpert knowledge of the artists and periodsSubstantial contribution to cultural life of arts community through good exhibitions, scholarly catalogues, and other documentary materials

  • Dealers are important becauseFight against fraudulent art appraisal practices Tax Deductions for donated art-Federal Government suspicious of estimations since the early 1960sCurrently donations are what you paid for the work not what it may go for in the art market

  • Dealers are important because.Fight against ForgeryADAA helped Walter P. Chrysler Jr. (Son of Chrysler founder) remove several fake masterpieces (Cezanne, Van Gogh, etc.) that were sold to him before he opened his new museum in Provincetown, Massachusetts in 1962.ADAA prevented C.B. Charles Gallery in Pompano Beach, FL-1997 from selling fakes of Frankenthaler, De Kooning, Schiele during an auction

  • Dealers are important because.Fight against stolen artThey are important figures in provenance (historical record of artwork) by providing documentation of works sold.Can help return stolen art to rightful owners through the maintenance of proper records and activism e.g. Holocaust survivorsADAA was the central source of information regarding stolen art until 1987. Without them the Art Loss Registry (based in London) would not be what it is today.

  • Three Bad DealersEly Sakhai-owner of the Art Collection, Inc. sentenced to 41 months in Federal Prison for multi-million dollar international art forgery scheme involving more than 11 forged paintings.Bought authentic pieces, placed them on auction, then he had forgeries made of those same pieces and provided fake documents to art collectors in Tokyo and New York.

  • Marc Chagall La Nappe Mauve,

  • Vincent van Gogh, Fleurs dans un Vase

  • Marie Laurencin MARIE LAURENCIN (after)Three Girls with a Mandolin.Color collotype, circa 1935. 250x330 mm; 9 3/4x13 inches

  • Michael CohenSelf-made man-never attended collegeIndependently wealthy by early 1990s-Lived between New York and Malibu, CaliforniaSwindled dealers and auctions houses out of $40-$50 Million dollarsGiven millions to purchase works of art he never purchasedHiding out in CubaSome want him to return and pay his dues to them- without jail timeSome want him arrested and financially ruined.

  • John DreweFrom Surrey, England

  • John DreweFrom Surrey, England1986-1996 sold forgeries and provided fake documents to Christies, Sothebys, West End Dealers, Tate Gallery, and the Victoria and Albert Museum (Ben Nicholson, Graham Sutherland, Alberto Giacometti-140 still at large, 60 Forgeries Recovered

  • John DreweFrom Surrey, England1986-1996 sold forgeries and provided fake documents to Christies, Sothebys, West End Dealers, Tate Gallery, and the Victoria and Albert Museum (Ben Nicholson, Graham Sutherland, Alberto Giacometti-140 still at large, 60 Forgeries RecoveredAccrued 1.8 Million Pounds during his ten year scheme

  • John DreweFrom Surrey, England1986-1996 sold forgeries and provided fake documents to Christies, Sothebys, West End Dealers, Tate Gallery, and the Victoria and Albert Museum (Ben Nicholson, Graham Sutherland, Alberto Giacometti-140 still at large, 60 Forgeries RecoveredAccrued 1.8 Million Pounds during his ten year schemeJailed for six years

  • ConclusionART DEALERSFORCE OF GOOD FORCE OF EVIL

  • Art Dealers Today

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