4.6 • 32K Ratings
🗓️ 9 December 2021
⏱️ 46 minutes
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0:00.0 | When we think about the art market, we tend to think of the sellers, the galleries and |
0:08.4 | auction houses, and the buyers, the art collectors, museums, maybe even some speculators. |
0:15.1 | That's what we looked at last week in the first episode of a three-part series we're calling |
0:19.6 | the hidden side of the art market. |
0:22.4 | Those buyers, and really even the sellers, they represent the demand side of the equation. |
0:29.2 | Today, let's talk about the supply side. |
0:31.4 | In other words, the artists. |
0:33.4 | What does the art market look like from their perspective? |
0:37.0 | Well, I would say it's the world's largest unregulated commodities market, except I was |
0:43.1 | corrected by a friend that art is not a commodity. |
0:45.8 | A commodity is like orange juice or copper, so you can't really compare apples and oranges, |
0:51.5 | but it is extremely unregulated and subject to all kinds of monkey business. |
0:58.0 | That's Tom Sachs. |
0:59.6 | I'm an artist, 55 years old, living in New York City. |
1:03.9 | I'm a sculptor, and my priority is making sculptures that really expose the transparency |
1:11.2 | in which they're made. |
1:13.0 | Sachs may sound low-key, but he's a pretty big deal. |
1:15.9 | His work is in the collections of top museums in New York, Los Angeles and San Francisco, |
1:20.9 | Paris, Milan, you get the idea. |
1:23.7 | When we spoke with him, he was in Hamburg, Germany, setting up the fourth installment of a virtual |
1:28.7 | space mission he's been working on for 13 years. |
1:32.3 | We're going to the asteroid known as Vesta on a mining mission because we've run out of |
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