🍎🐍 Art As A Consequence #08
🌐 Perrotin collaborates with eBay, Jeff Koons sculptures landed crookedly on the moon, NFT and crypto pump, plus, there's also a rumor going around. Grab a snack and let's get to it 🍿
Welcome to the eighth edition of the ART AS A CONSEQUENCE weekly briefing. In the traditional art market the news that surprised me was Perrotin’s announcement of a collaboration with eBay. I also (finally) went to see some art IRL, more about it below. Big crypto and NFT pump, many are riding the big wave 🌊🏄♀️ that for some has not come in over 22 months (!) and happy to see some are collecting profits (no shame in that). There are a few great mysterious offers on CryptoPunks and also a rumour circulating around. Grab a snack and enjoy the scroll 🍿
✨🦋 More from the esteemed art world
What a surprise(!) French art gallery Perrotin (who has had their own online shop selling art editions and merchandise - the Perrotin store, for quite a few years now) announced a collaboration with eBay in a bid to make contemporary art more accessible (🙄 - more like make Perrotin more accessible in regards to traffic, as eBay is the second most visited shopping website behind Amazon). This partnership will see the launch of the Perrotin Store on eBay.fr, featuring a selection of artists’ editions from the gallery’s roster, including Takashi Murakami and Daniel Arsham (both of whom independently list sold-out editions on their own platforms as well). Art has been featured on eBay before, so this is not mind boggling - what is mind boggling is that Perrotin, who is considered a blue chip gallery, is actually going all in. Secondary art market listings on eBay have previously sold for ridiculous profit margins (eBay states that it also facilitated NFT sale (?) - additionally to art sales at a 5% commission rate), but does art sell so well on eBay? Should I turn my consignment listings to eBay? I guess we all like a mix of high with low - after all, amazon is also retailing couture pieces in direct collaboration with the big fashion houses.
🚀 More updates from the SpaceX lunar craft carrying the 125 Jeff Koons sculptures that landed on the moon last week, it is now expected to lose power. It was announced that the spacecraft encountered a series of near-calamitous challenges, almost lost its way, then landed crookedly.
I came across a great quote explaining the art auction market: “It’s more like a Broadway performance than a traditional auction.” - more jazz hands, please. You can read all about it in the Artnet Intelligence Report, Year Ahead 2024 Edition which was recently published.
🌶️🌶️🌶️ Spicy news: Liste’s Director, Joanna Kamm, leaves the art fair (just 3 months before it opens its door this June in Basel). Liste stated that it is undergoing ‘Management Restructuring’. On the speculative side, if I anyone leaves a company just before its main event, it’s fugazi.
Other than that, I went to Vaduz this past week to visit the Kunstmuseum Liechtenstein and saw Liliana Moro’s solo exhibition Andante con moto. My highlight was walking on the glass installation, titled just a space in quotation marks (“.”) from 2001. Moro's installation combines physical and acoustic elements as the loud footsteps on the glass cause visitors to adjust their movements and posture. Sometimes we walk on eggshells, other days on glass.
Also, I visited the Hilti Collection as it is next door to the Kunstmuseum Liechteinstein, the architecture of the building is beautiful and of course the collection has amazing masters of the 20th and 21st century. And in Zug, at the Kunsthaus there is the Friedrich Kiesler solo exhibition. An artist I did not know of, but I had seen pictures of his work. Particularly, the exhibition space he designed for Peggy Guggenheim - I also noticed in the exhibition they presented a few letters of correspondence between Peggy and Friedrich for her exhibition gallery in New York - a legendary space, if only the walls could talk, there were radical masterpieces exhibited pointing to Peggy’s incredible eye but also the love affairs that happened in that gallery… Nevertheless, Kiesler was a man of many interests and talents, he was a successful designer, architect, sculptor, painter… And oh boy, the paintings and sculptures in the exhibition were very creative. From a perspective point of view but also how innovative he was with the constructing works from different paintings (wooden panels) and the painting elements would construct an image. Also another highlight was the massive horse where visitors could enter inside its belly. I loved the exhibition and I loved his thought stating that art should be engaged with and touched.
🚀 NTFs & Web3
Bitcoin to the moon 🚀🌝 hitting $64K and ETH up to $3.5K - a 22 month high. The wave is so big it brought a pump to altcoins from DogWifHat (I kid you not) with a market cap at $1.3B - yes, billion to $Pepe getting a second run to $1.6B market cap.
NFTs are also trading - especially Ordinals - and there is a new bid for $14.5 M on the below CryptoPunk:
Lastly, there are two rumours circulating about the Yuga acquisition of PROOF / Moonbirds:
a) Following the Ordinals hype, Yuga will burn Moonbirds to migrate to BTC. Restoring their IP and interacting with their 12fold collection.
b) They use it for Otherside and leave it CC0, an alpha move, but if they’re on BTC its back to its original form.
Recommendation
Legendary presentation by Alan Kay. The American computer scientist made an epic presentation (also very entertaining) about his time at the Xerox PARC and their groundbreaking inventions incl. GUI, Ethernet, the laser printer and of course the big $$$ they created. Enjoy.
Lol (lots of love),
Dimitria
Visit artasaconsequence.net to discover more about my work in the art industry. You can contact me over email or find me on social media: Instagram | X | LinkedIn
