
Value is a fickle thing in the world of art. When there is very little inherent value in an artwork, how is it created and how is it lost?
It is true that while the value creation begins with the artist- by creating the work in the first place- once the artwork is in the market, it is subject to its conditions. Other factors include: the reputation of the artist, the reputation of the collector, the reputation of the art dealer, and the historical significance of the artwork. In fact, the only stable factor in this list is the historical aspect of the art- which is something that will never change.
Columbia University’s Arthur Ross Gallery currently has on display an exhibition that addresses this particular question. The timely opening for the exhibition, postponed because of Sandy, presents numerous artworks that at first glance appear to be quite normal, except that they are not hung on the walls as is traditionally the custom in an art gallery. Upon further reflection, more clues to the unusual nature of this show begin to surface. Besides the artwork not being hung, the first is that every visitor is told they are free to touch the art- something that anyone who has ever visited an art show or museum has been told is forbidden. Unless you are seeing a show at an auction house (yes this is an exception), touching art is not allowed! The next clue is the stack of booklets listing the value of every object in the room- sort of like the opposite of a price list- as zero. Until then, it is possible to hone in on the defects, which in some cases are miniscule, of the artwork on display.
It is like entering a twilight zone of artwork in a state of limbo. To an art lover, the experience of entering into this room and seeing all the beautiful art deemed as “worthless” is disheartening and feelings of confusion, anxiety, and even anger begin to emerge. One Ad Reinhardt piece that at one point was worth millions, is included in the show, and with it – the story of its demise: an errant sneeze left the unlucky painting irreperably damaged.
Nevertheless, I still maintain that value is determined by the price anyone is willing to pay for something. Imagine the discussions that would arise if someone offered to buy any of the artworks in this exhibition!
Go see the show before it closes on December 20th!
Where: Arthur Ross Architecture Gallery, Buell Hall, Columbia University
When: Tuesday – Saturday until December 20th.
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