Extraordinary popular delusions
I HAVE WRITTEN A LOT ABOUT ART. I NO LONGER DO BECAUSE THE ART WORLD IS TOO STUPID. I DON’T KNOW ANY WORDS THAT ARE SHORT ENOUGH OR LONG ENOUGH. IT’S A DEAD PRACTICE BUT FUN WHILE IT LASTED. WITH AFFECTION, Dave Hickey
{ The Brooklyn Rail | Thanks Rob }
“They’re in the hedge fund business, so they drop their windfall profits into art. It’s just not serious,” he told the Observer. […] “I hope this is the start of something that breaks the system. At the moment it feels like the Paris salon of the 19th century, where bureaucrats and conservatives combined to stifle the field of work. It was the Impressionists who forced a new system, led by the artists themselves. It created modern art and a whole new way of looking at things.”
{ Guardian | Continue Reading }
In 1999, he bought Munch’s Madonna for $11 million. In 2004, he bought Hirst’s The Physical Impossibility of Death in the Mind of Someone Living for $8 million. In 2006, he bought a Pollock for $52 million. In 2006, he bought de Kooning’s Woman III for $137 million. In 2007, he bought Warhol’s Turquoise Marilyn for $80 million. In 2010, he bought a Johns Flag for $110 million. There have been works by Bacon and Richter and Picasso and Koons. Probably only he knows how much he has spent. Someone on the internet estimates it at $700 million. […] Steven Cohen is in the news a lot lately. Prosecutors have accused seven former employees of his firm, SAC Capital, of insider trading. Three have pled guilty. Six others have been accused of insider trading while at other firms.
