2019-09-16 Bloomberg Businessweek

(Marcin) #1
60

Jeff Koons, Gerhard Richter, and David Hockney are household
names with prices to match. The artist Vija Celmins com-
mands similar prices from a lofty collector base; Henry Kravis,
J. Tomilson Hill, and Mitchell and Emily Rales own work by
Celmins, as do corporate collections such as those of JPMorgan
Chase & Co. and the Cartier Foundation. But in contrast with
her peers, you might see her name and ask, “Who?”
“I’m not speaking in any kind of pejorative way, but
I’ve always thought of Vija as a niche artist,” says Laurence
Shopmaker, co-founder of Senior & Shopmaker Gallery in
New York, which will exhibit a group of Celmins’s prints from
Sept. 12 to Nov. 2.
That might change after the Met Breuer opens its fall sea-
son on Sept.  24 with a 120-object retrospective of her work, the
first in more than 25 years. The show, which features many of
Celmins’s hyperrealistic drawings, was initially on view in San
Francisco and Toronto, where it was met with uniformly posi-
tive acclaim. (“Why is this genius artist only now getting a show ©^ VIJA

CELMINS,

COURTESY

THE

ARTIST

AND

MATTHEW

MARKS

GALLERY.

PHOTO:

COURTESY

MCKEE

worthy of her art?” gushed the Washington Post.) Its reception GALLERY
in New York is expected to be similarly rapturous.
“She’s always been recognized as a fantastic artist,” says Met
curator Ian Alteveer, “someone curators and critics and artists
and a certain group of collectors have loved.” Her paintings
sell for upwards of $5 million and drawings for about $1 mil-
lion, placing Celmins, who’s now 80, at the very top of the con-
temporary art world and the top of the art market generally.
In November one of her drawings, Untitled (Long Ocean #5),
from 1972 will come to auction at Christie’s, carrying a high
estimate of $2 million.
Her success flies in the face of conventional wisdom about
the art business, which holds that to create a sustainable mar-
ket, hypersuccessful artists need the trifecta of institutional,
art dealer, and auction house support, all of which play off one
another. Instead, Celmins’s career offers a rare example of an
artist’s prices growing even as her process challenges all three
branches of the art world.

Although she resisted it, Vija Celmins has reached the pinnacle
of the art market. By James Tarmy

Billionaires Are Begging


To Buy This Art. Too Bad


ARTISTS


FALL CULTURE PREVIEW Bloomberg Pursuits September 16, 2019

60


JeffKoons,GerhardRichter,andDavidHockneyarehousehold
nameswithpricestomatch.TheartistVijaCelminscom-
mandssimilarpricesfroma loftycollectorbase;HenryKravis,
J. TomilsonHill,andMitchellandEmilyRalesownworkby
Celmins,asdocorporatecollectionssuchasthoseofJPMorgan
Chase& Co.andtheCartierFoundation.Butincontrastwith
herpeers,youmightseehernameandask,“Who?”
“I’m notspeakinginanykindofpejorativeway,but
I’vealwaysthoughtofVijaasa nicheartist,”saysLaurence
Shopmaker,co-founderofSenior&ShopmakerGalleryin
NewYork,whichwillexhibita groupofCelmins’sprintsfrom
Sept. 12 toNov.2.
ThatmightchangeaftertheMetBreueropensitsfallsea-
sononSept. 24 witha 120-objectretrospectiveofherwork,the
firstinmorethan 25 years. The show, which features many of
Celmins’s hyperrealistic drawings, was initially on view in San
Francisco and Toronto, where it was met with uniformly posi-
tive acclaim. (“Why is this genius artist only now getting a show ©VIJA

CELMINS,

COURTESY

THE

ARTIST

AND

MATTHEW

MARKS

GALLERY.

PHOTO:

COURTESY

MCKEE

worthy of her art?” gushed the Washington Post.) Its reception GALLERY
in New York is expected to be similarly rapturous.
“She’s always been recognized as a fantastic artist,” says Met
curator Ian Alteveer, “someone curators and critics and artists
and a certain group of collectors have loved.” Her paintings
sell for upwards of $5 million and drawings for about $1 mil-
lion, placing Celmins, who’s now 80, at the very top of the con-
temporary art world and the top of the art market generally.
InNovemberoneofherdrawings,Untitled(LongOcean#5),
from 1972 willcometoauctionatChristie’s,carryinga high
estimateof$2million.
Her success flies in the face of conventional wisdom about
the art business, which holds that to create a sustainable mar-
ket, hypersuccessful artists need the trifecta of institutional,
art dealer, and auction house support, all of which play off one
another. Instead, Celmins’s career offers a rare example of an
artist’s prices growing even as her process challenges all three
branches of the art world.

Although she resisted it, Vija Celmins has reached the pinnacle
of the art market. By James Tarmy

Billionaires Are Begging


To Buy This Art. Too Bad


ARTISTS


FALL CULTURE PREVIEW Bloomberg Pursuits September 16, 2019
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