New Documentary Paints A Picture Of The Contemporary Art Market Run Amok
Art Business

New Documentary Paints A Picture Of The Contemporary Art Market Run Amok

Abstract artist Larry Poons is enjoying a late-career resurgence of interest, decades after his optical dot paintings attracted acclaim in the 1960s. Poons is a key figure in the documentary Even if you don’t follow the art scene, you might have heard about the wild incident at a London auction a few weeks ago when the street artist known as Banksy was selling a screen print. The minute the hammer came down and the piece was sold — for nearly $1.4 million — the canvas started self-destructing because Banksy had installed a shredder inside the frame. There’s now speculation that the piece might be worth even more after the stunt. It’s a telling anecdote about the current boom market for contemporary art. Appropriately, a new documentary called The Price of Everything is now being screened in New York City and coming to HBO next month. The film explores the relationship between art and money, following collectors, dealers, auctioneers and contemporary artists. Painter Larry Poons is a big part of the film. On screen, he says: Art and money have no intrinsic hookup at all. It’s not like sports, you know — your batting average is your batting average. You […]

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