new fair in Brooklyn charging commission instead of booth fees

Object & Thing, a new fair in Brooklyn charging commission instead of booth fees, revealed its inaugural exhibitors.

The venue where Object & Thing will take place, 99 Scott. Photo courtesy 99 Scott.

A theme that emerged from Armory Week in New York is that the calendar of art fairs is jam-packed. But a new fair on has a distinct approach and a fresh payment model. Opening in Brooklyn’s Bushwick neighborhood in May, Object & Thing is an art-meets-design fair where editioned objects will be sold next to sculptures, with prices ranging from $1,000 to $50,000. There’s a component called The Shop, with items that are below $100 dollars, including books and foodstuffs. It’s in a space with no booths or partitions and the items for sale are also available for purchase on an e-commerce site.

Most intriguingly, there’s no booth fee to cripple galleries, many of which are already saddled with the price of admission to Frieze New York, which runs concurrent to Object & Thing on Randall’s Island. Instead, the galleries pay a commission on what actually sells.

On Thursday, Object & Thing revealed the 32 galleries that will be paying such commissions. Many are among the world’s heavyweights, including Pace Gallery and Hauser & Wirth, alongside outfits such as London’s Herald Street, L.A.’s David Kordansky Gallery, and Mendes Wood DM, which has outposts in São Paulo, Brussels, and New York. Other local favorites include David Lewis, Bridget Donahue, and Clearing, which has a space just up the street in Bushwick.

Object & Thing, which was founded by Frieze veteran Abby Bangser, opens on May 3rd at 99 Scott. The full list of exhibitors is below:

• AGO Projects (Mexico City / New York)
• Blue Mountain School (London)
• Blum & Poe (Los Angeles / New York / Tokyo)
• CLEARING (New York / Brussels)
• de Vera (New York)
• Bridget Donahue (New York)
• Friedman Benda (New York)
• Hauser & Wirth (New York / Los Angeles / London / Somerset / Hong Kong / Zürich / St. Moritz / Gstaad)
• Herald St (London)
• Hyundai (Seoul / New York)
• Jason Jacques (New York)
• Judd Foundation (New York / Marfa)
• Karma (New York)
• Kayne Griffin Corcoran (Los Angeles)
• Anton Kern Gallery (New York)
• David Kordansky Gallery (Los Angeles)
• LABOR (Mexico City)
• David Lewis Gallery (New York)
• Magen H Gallery (New York)
• Matthew Marks Gallery (New York / Los Angeles)
• Mendes Wood DM (São Paulo / Brussels / New York)
• The Modern Institute (Glasgow)
• Rossana Orlandi Gallery (Milan)
• P.P.O.W (New York)
• Pace Gallery (New York / Beijing / Genève / Hong Kong / London / Palo Alto / Seoul)
• Patrick Parrish Gallery (New York)
• R & Company (New York)
• Reform (Los Angeles)
• Salon 94 (New York)
• Salon 94 Design (New York)
• Shiprock Santa Fe (Santa Fe)
• Van Doren Waxter (New York)

The Shop

• Blue Hill Market (Pocantico Hills, New York)
• The Good Liver (Los Angeles)
• Karma Bookshop (New York)
• Magazine & Book | By Apartamento and Mast (Barcelona / New York)
• Momosan Shop (London)
• Playmountain EAST (San Francisco)
• The Primary Essentials (New York)
• Saipua (New York)
• Thompson Street Studio (New York)

Nate Freeman

Mar 21, 2019 at 11:58 am, via press release

first court devoted exclusively to resolving art law disputes is opening

The first court devoted exclusively to resolving art law disputes is opening in The Hague.

Image by Chris Potter, via Wikimedia Commons.

When the Court of Arbitration for Art (CAfA) opens in The Hague April 1, it will become the world’s first court devoted to handling legal disputes involving art. The tribunal plans to mediate cases involving everything from authenticity and restitution disputes to intellectual property and copyright claims, and cases that revolve around ownership and contract disagreements. By appointing industry experts to provide evidence and opinions on the cases it mediates, CAfA hopes to help set standards and legal precedents that hold weight throughout the global art market. However, parties in cases decided by the tribunal can stop the court from publishing the court’s decision, undercutting its aims of authority and transparency.

William Charron, the art lawyer who founded CAfA, told The Art Newspaper:

The market values anonymity but the objective was to have a tribunal that the market would accept. So we struck a balance in a default rule to publish but keep party names anonymous. [But] if we force parties to agree to publish, then we could lose parties to whom CAfA might be useful [...]. We view it as important to publish, but all that CAfA can do is provide a path for parties to follow that rule.

CAfA’s operations will be very different from the proceedings of a conventional court. Its judges will be experts with extensive art law experience; its hearings can take place anywhere; and it will provide its own expert to present evidence relative to each case, rather than relying on plaintiffs and defendants to hire their own. The tribunal is in the process of screening and vetting over 100 applicants to be mediators and arbitrators.

Benjamin Sutton

Mar 22, 2019 at 12:23 pm, via The Art Newspaper

Japanese bank created the world’s biggest contemporary art prize

© 2019 Artsy 

A Japanese bank created the world’s biggest contemporary art prize.

Nomura Holdings Inc. headquarters in Tokyo. Photo courtesy Nomura Holdings Inc.

On Wednesday, Nomura Holdings, Inc., a large investment bank in Japan, announced a new contemporary art prize with a purse that it calls the largest in the world: $1 million. Set to be handed over for the first time this October in Shanghai, the Nomura Art Award will give a single contemporary artist with an established body of work the funds to “support an ambitious new project that the winner did not previously have the means to realize,” as the announcement puts it.

Such a figure is indeed bigger than even the most generous prizes for contemporary art globally. When Joan Jonas won the Kyoto Prize in June 2018, the prize was 100 million Yen, or $898,000. The Suzanne Deal Booth/FLAG Art Foundation prize, which was created last year, comes with cash, exhibitions, and cataloguing that combined is the equivalent of $800,000. The MacArthur “Genius” Grant comes with $625,000 parceled out in quarterly installments over five years. What’s more, the Nomura Art Award will also give out two $100,000 prizes to emerging artists, and these will be handed out in Kyoto in May.

The release announcing the prize also noted Nomura’s history of engaging with the arts, even in its earliest days. The bank’s founder, Tokushichi Nomura II, is said to have been a fan of Noh theater and tea ceremony practitioner. The release also revealed that the jury for the award’s first edition is packed with curatorial heavyweights, including the recently deceased curator Okwui Enwezor. The jury consists of:

• Doryun Chong, Deputy Director, Curatorial and Chief Curator, M+
• The late Okwui Enwezor, Independent curator, critic, author and editor
• Kathy Halbreich, Executive Director, Robert Rauschenberg Foundation
• Yuko Hasegawa, Artistic Director, Museum of Contemporary Art, Tokyo
• Max Hollein, Director, The Metropolitan Museum of Art
• Nicholas Serota, Chair, Arts Council England
• Allan Schwartzman, Founder and Principal of Art Agency, Partners, and Chairman, Fine Arts Division of Sotheby’s

Artists looking to be proactive about the award will have to just sit tight for now. The jury will not be accepting any applications.

Nate Freeman

Mar 20, 2019 at 12:02 pm, via press release

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