Holland Cotter of the NYT takes an interesting look at the problems with money in art. He writes about the lack of risk-taking, the looking at the world through the prism of Western art and the difficulties of artists being able to remain in the city. Yes, NYC still has places that are affordable, but not for long, he writes.
Recently, my attention was drawn to a controversy surrounding a large and much praised group exhibition installed at a complex of converted warehouses called Industry City in Sunset Park, Brooklyn. The show, “Come Together: Surviving Sandy,” was conceived as a benefit for artists who had suffered losses in the 2012 hurricane and was promoted as evidence of art-world solidarity. Yet a widely read blog, Art F City, reported that the owners of the complex, which had for some years provided low-rent studios for artists, were now raising rents dramatically, forcing many artists to vacate. (Landlords say 25 percent of Industry City tenants are artists). The new residents seem to be an upscale clientele drawn by the artsy atmosphere. Read the story on Industry City here.