Speaking as a trained USPAP-compliant appraiser, I find that most artists positioned in the mid-market have no idea how the art market really works. A recent flurry of foolishly irate posts on social media was launched by an artist who had been shocked to find a number of his/her pieces were being offered at auction for what seemed to be liquidation value—5-10% of their original gallery sale price. The artist confused this with as a personal insult, and then embarked on a public whinge-fest that went on for days. If you would be stunned to learn that artworks sold at auction for 10-20% of its original gallery price might actually be a home run, you’re probably one of the clueless. Here’s the thing.

No public record of gallery sales exists. What do exist are auction results, now searchable online. Before the Internet, dealers and collectors would have to pore through auction records housed in places like The Frick Library in New York. Today one can conduct research online databases, such as ArtArt.com, MutualArt.com, ArtPrice.com, etc.

Auction-houses base their price-spread estimates and opening bids on an artist’s past performance at auction. Gallery price and private sales play no role in this practice. As far as auction-houses are concerned, what happens in galleries may as well be taking place in another galaxy. One has no direct bearing on the other. If you’re an artist who wants to protect your alleged price-point, don’t buy your old work. Instead leave an absentee bid at the opening bid—just to make sure the piece is not “passed.” Bidders are inclined to regard “buy-ins” as “burned.” Consignors might have to wait 3-5 years before bringing it back to auction.

The art market is in the midst of an epochal sea-change. If Baby Boomers and their parents regarded brown furniture, oriental carpets, and original artworks in gilded frames as trappings of cultured affluence, younger buyers today are more motivated to invest in experiences, rather than in possessions. By foregrounding its value as a fashionable investment, the blue-chip galleries and auction-houses have also  succeeded in downgrading the experiential value of art—or at least replaced aesthetic delectation with a high-stakes dopamine rush. Nobody knows which will come first; the collapse of the present art market, or a return to 20^th-century materialism. Or perhaps tomorrow’s wall art will be purchased with apps and displayed on LCD screens, or whatever succeeds them.  

Galleries are disappearing; mostly because the cost of selling art has gone through the roof. Art fairs proliferate, with usurious exhibitor fees, along with a dizzying array of schemes and gimmicks, from popup events, NFTs, and online sales. How can young artists navigate this zany bourse of bling? How might a senior artist preserve some kind of legacy?

IMHO hoarding old work is just postponing a trip to the landfill. Do whatever you can to get it in play. Give it away if you can’t sell it. An artist recently approached me about gifting artworks to museums. He was stunned to learn that museums are even more selective than galleries, and they often require care-and-feeding cash subventions to accompany accepted gifts

Coming this fall will be a series of online conversations on topics related to artist legacies; an area where I possess some expertise. To receive notifications of talks, webinars, and workshops, become a free subscriber to my Substack column True Places. Transcripts of these programs and other written content will be available to paid subscribers.

Thanks for reading

—James L. McElhinney (c) 2024

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Header image above: Le Désespéré by Gustave Courbet (1819-1877) Collection Musee dOrsay, Paris.

Over the past few years I have benefitted greatly from working with two very talented people; Michael Costello of Hand Graphics in Santa Fe, and Philadelphia master printer Cindi Ettinger, with whom  I first worked together in 1986. We resumed our  collaborations in 2018, and just last month we blocked out three days to create two new color intaglio copperplate  aquatints. I described the experience in a series of article on my SUBSTACK newsletter TRUE PLACES. I have plans to work with Michael later this year. When I do, the process will be documented in a similar way. Thanks for taking a look!

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RETURN TO THE HOMEPAGE

April 2, 2024. Arrangements has been made for me to work with master printer Cindi Royce Ettinger from Wednesday April 3, through Friday April 5, 2024. When heavy rains and flooding were predicted to hit the New York Metro area, I decided to drive from the Adirondacks to Philadelphia via a more westerly route serving less traffic. From the Champlain Valley, my eroute took me south around Albany, then west on Interstate Highway 90, then southwest at Schenectady on I-88. At Central Bridge I decided to continue southward on state highway 30 through Schoharie and Middleburgh. The two-lane blacktop follows Schoharie Creek to the headwaters of the Delaware River, just west of Grand Gorge. Highway 30 then follows the east branch of the river southward through Roxbury—the hometown of a most unlikely duo—notorious Gilded Age robber-baron Jay Gould, and inspirational writer-naturalist John Burroughs. This was the same route that during the Revolutionary War had been followed by John Butler and Mohawk war-chief Thayendanegea (Joseph Brant) as loyalist forces sowed death and destruction across the Leatherstocking frontier of New York and Pennsylvania.

John Burroughs’s Grave: Roxbury Mountain. August 11, 2014. 4:30 PM.. Hudson Valley Sketchbook. Collection of the Hudson River Museum, Yonkers, New York

           A dozen miles downstream at Margaretville the river suddenly widens. First settled in the early 18th-century, the bustling village was named for a niece of Hudson Valley patroon Robert Livingston. In 1779, independence-minded settlers were driven off their land by Butler and Brandt, only to return at war’s end four years later. Sawmills and tanneries were established along the river’s banks, which by the mid-19th century supported a collection of hamlets with names like Shavertown and Arena, that in 1954 were inundated by the completion of the Pepacton Reservoir, which bears the name of yet another drowned village. Driving along the winding road through a dense forest above its southern shore, brown-and-yellow Catskill Park signage marks the former sites of submerged settlements. With a capacity of more than four hundred thousand square meters in volume, or roughly 114 million gallons, this artificial lake is the single largest source of drinking-water for New York City. From its outflow at Downsville dam, the Delaware bends southward to its confluence with the Beaverkill River at East Branch; a whistlestop hamlet a dozen miles upstream from Hancock. Rising in the southern Catskill highlands on the edge of the former Borscht Belt, the swift-running river has long been a magnet for fly-fishing purists angling for trout.

Pepacton Reservoir. Downsville, NY. New York City Department of Environmental Protection. Commenced operations in 1954. 25% of the city’s drinking water comes from this lake

“Darkness had settled slowly. . .toward the west and south was a monstrous shadow of the night, formless, imponderable. . .Soon all again was silence. The mountains across the mesa frowned with black shaggy brows and relapsed once more into slumber”

            —Frank Waters (1902-1995) The Lizard Woman. 1930

The night belongs to no one, and to everyone. Places familiar in daylight no longer resemble themselves at night. While danger may lurk in the umbrage, starry skies have guided far-faring mariners and overland trekkers to safety; and the unlucky amongst them to Hamlet’s “undiscovered country.” Limited vision requires us to call upon other senses, memory, and the imagination. Fact melts into fiction, until the hard light of day breaks night’s spell.

On July 1, 2015, painted through the night at the summit of Kilauea, only to discover that despite an adequate headlamp, and a midriff-high geodesic survey marker for my drafting-table, what began as an exercise in observation quickly became an exertion of memory. American painters, from Alfred Pinkham Ryder, Ralph Blakelock, Frederick Remington, to Georgia O’Keeffe, Edward Hopper, and Yvonne Jacquette, celebrated the night in their works. They resisted optical verisimilitude, despite the fact that O’Keeffe and Jacquette both were married to photographers, and the others would have had access to the medium. Under a night sky, daylight facts dissolve into uncertain wonders. Such poetic subjects conveyed less hard data, and thus fell outside the purview of expeditionary artists like Seth Eastman, Karl Bodmer and Alfred Jacob Miller, or Ned and Richard Kern. And yet these artists fascinate me more than the far-more fashionable solitary genius focused only on self-expression. These artist-explorers endeavored both to harvest military intelligence, and expand scientific knowledge, through the creation of aesthetic documents. A similar balancing-act exists in today’s representational art. At one end of the experiential see-saw sits aesthetics; at the other end, the optical facts. Complete fidelity to physical subjects is often achieved at the expense of deeper truths, hidden beneath the facts.

Albert Pinkham Ryder. (1847-1917) Moonlight Marine.1870-90. Metropolitan Museum of Art. New York

Society has beguiled itself into believing that landscapes are not merely human conceits, inscribed upon the terrain. Nature may seem less submissive when the night falls, plunging the world into darkness. But anyone who has spent a night at the summit of an active volcano knows, the earth never sleeps. Daylight reminders of this fact now occur with greater frequency, The habitual mysteries and terrors of the night are intensified by floods, storms and rising seas. And yet there is beauty in shadowed realms, captured in the woodblock prints of Japanese artist Kawase Hasui, and centuries earlier, the Chinese practitioners of shan-shui painting. According to Robert Macfarlane,

“Night was especially marvelous to them, because of the clear luminous presence of the moon, and its ability to silver the world into strangeness.”

Field Guides to Mindful Travel: Special offer from Ecoartspace.com: 3 books for the price of two: Click the image below

From its very beginnings, the nascent avant-garde cultivated performative dimensions. Artists staged tableaux-vivants. Clad in 16th-century attire, Worthington Whittredge posed for a portrait by Emmanuel Leutze. Marcel Duchamp vamped for the camera as Rrose Sélavy, and Jackson Pollock dribbled paint for filmmaker Hans Namuth, and photographer Rudy Burkhardt. When Bob Rauschenberg erased a drawing given to him by Bill de Kooning, the act was intellectualized as a meditation on presence and absence; one process reversing another; hastening the entropy to which all materials succumb. Whatever it was, it was definitely an act—just not the kind Ed Sullivan might book for his Sunday night variety show. (Excerpt) James L. McElhinney (c) 2024

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