Painting By Numbers: How Do We Put a Price on Art?

The Bunker – News without the nonsense

Podmasters

News, Government, Politics, Society & Culture

4.6 • 1K Ratings

🗓️ 16 June 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Who decides the value of a piece of art? And how do they come to their conclusions? In May, Andy Warhol’s 'Shot Sage Blue Marilyn' sold at Christie’s for a record £158 million, making it the most expensive painting of the 20th century – but it is merely the biggest wave in an international tsunami of art sales. Jelena Sofronijevic speaks to Mary-Alice Stack, Chief Executive at Creative United, and Erling Kagge, polar explorer, former politician, and author of A Poor Collector's Guide to Buying Great Art, to discuss placing a value on creativity. “The price is reflective of the market, not the value of the artwork.” – Mary-Alice Stack “Now, we don't talk about art, we talk about the art market,” – Erling Kagge “Art fairs are the least best place to buy an artwork.” – Mary-Alice Stack “There was a time when galleries felt like the preserve of the moneyed classes.” – Mary-Alice Stack “There's a sense that if you need to ask the price, you can't afford it.” - Mary-Alice Stack “Fantastic art is being made every day.” – Erling Kagge “The auction houses are competing against themselves.” – Mary-Alice Stack “What matters to artists is the creation of the work in the first place.” – Mary-Alice Stack https://www.patreon.com/bunkercast Written and presented by Jelena Sofronijevic. Group Editor: Andrew Harrison. Lead Producer: Jacob Jarvis Producers: Jacob Archbold and Jelena Sofronijevic. Audio production by Jade Bailey. THE BUNKER is a Podmasters Production https://uk.gestalten.com/products/erling-kagge-buying-great-art Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved
0:05.5	photography but I turn it into earning a living at 60. I enrolled on a day course.
0:11.8	Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?
0:13.0	I loved going to college.
0:14.0	It's good you can retrain and do something.
0:16.0	Yeah, yeah.
0:17.0	Let's talk about working, learning, saving and making the most of living longer.
0:22.0	Phoenix Group is the UK's largest long-term savings and retirement business.
0:28.0	Search Phoenix Group living longer.
0:30.0	Pets brings so much joy.
0:32.0	From those happy greetings at the door to the warm cuddles on the sofa
0:36.7	so give a little love back with dental life from Purina a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so
0:55.3	look after theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome back to the bunker daily I'm Yellenosophrenevich. An artist is someone who produces
1:14.8	things that people don't need to have. So said Andy Warhol, an artist well known for his
1:19.8	obsession with fame and celebrity and in May his shot sage Blue Maryland sold at
1:25.2	Christie's for a record 158 million pounds making it the most expensive painting
1:30.4	of the two billion sold in two weeks in New York alone.
1:43.4	So as Art Basel, an international set of simultaneous art fairs,
1:47.3	opens today, who decides the value of any individual artwork?
1:52.1	And can we make the art world less murky and open to all?
1:55.7	To discuss all of this I'm delighted to be joined by two special guests. Mary Alice Stack is chief executive
2:01.3	at Creative United, a UK social enterprise that runs the own art scheme.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Podmasters, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Podmasters and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.