THE DISAPPOINTING TURNER

“The last time we had a worthy and substantial winner of the Turner Prize, a winner who was going to be remembered in the annals of British modern art for decades to come, was four years ago, when the intelligently transgressive Gillian Wearing won. Since then, the prize has gone to a succession of irredeemably minor artists for whom winning the prize will be seen as the summit of their careers. When petits maîtres like Tillmans win, we can be sure that the Turner has had to resort to some serious barrel-scraping.” – The Sunday Times (UK)

SALES SLUMP

After booming sales earlier this year, Australia’s art market is showing signs of cooling off. At this week’s major auctions, buyers were cautious and even important works attracted scant interest – due in part to the recent imposition of a countrywide GST. “Instead of the frenetic bidding that had turned the big art sales of the past into gladiatorial contests, the salesroom at Christie’s was as quiet as a picnic.” – Sydney Morning Herald

HORSE SENSE

A painting by George Stubbs (an equine painter who died in 1806) fetched an astonishing £2.7 million at auction this week. “The story of how Stubbs rose from minor specialist artist to auction house megastar involves an American millionaire, a Derby winner, and a contender for the Turner prize…” – The Guardian (UK)

UNLIKELY BENEFACTOR

Russia’s struggling Sakharov Museum, which “aims to promote the ideas of human rights and civil society,” has been offered a boost from an unlikely source. Boris Berezovsky, the industrialist accused of embezzling $1 billion from Aeroflot airlines and who fled the country last month, has gievn the museum $3 million. “The donated sum is almost twice the museum’s total budget over the four years of its existence, which was about $1.7 million. That money had come from foreign grants, the bulk of which were from the U.S. Agency on International Development, which stopped funding this fall.” – Moscow Times

EXCLUSIVITY SELLS

Online auctions were supposed to transform the world of art sales, democratizing the bidding process and thus driving up prices. “But so far, that hasn’t proven to be the case. Fine art collectors, perhaps missing the posh surroundings of the auction house, don’t seem to feel comfortable shopping online.” – Wired

THE ABC’s OF THE TURNER PRIZE

“The Turner Prize is probably the biggest advert for the British art world. Headline-grabbing exhibitions aside, it is the one time the esoteric world of the ‘YBAs’ – Young British Artists – meets the people. For all its outrageousness, once an artist is nominated for the Turner Prize, they become part of the establishment.” Here’s an annotated guide through the workings of the Turner. The Scotsman