Above, Jho Low and his $48.8 mil Basquiat
From my new column in Taki’s Magazine:
State of the Art
by Steve Sailer, December 05, 2018
A new study in Science, “Quantifying reputation and success in art,” documents that in the contemporary art world, it’s less a matter of what you know than whom you know.
Art economist Magnus Resch writes in Art News this week of what he has learned from his database of prices paid for roughly 10 million works of art by half a million artists at more than 20,000 museums and galleries around the world.
Having your works displayed at most of these institutions is more or less a career dead end, while there are only a few royal roads to success.
The most lucrative network of all consists of six New York institutions—the Museum of Modern Art, the Guggenheim, the Gagosian and Pace galleries, the Met, and the Whitney—and one Chicago museum, the Art Institute. If you can make it there, you’ve made it everywhere:
Read the whole thing there.