Black Power in the art market; Saatchi’s new dealer show; a $10 million Masterpiece sale –

On the invitation card to Tate Moderns Art in the Age of Black Power, which opens this week, is a 1966 self-portrait by Barkley L Hendricks, then aged 21, wearing just his shades and a Superman t-shirt. Like most African American artists, Hendricks had a completely marginal position in the market during the period covered by the exhibition (1963-1983), and for years after.

But when he began exhibiting with the trail-blazing Jack Shainman Gallery in New York in 2005, he began to attract attention, starring in the Nasher Museums The Birth of the Coolexhibition (2008), and at New Yorks Swann Galleries auctions of African American art, where his top price rose from $10,000in 2008 to $365,000 in 2015.

Then, just after he died earlier this year, his market shifted up another gear when three of his paintings broke the record at Sothebys selling for up to $960,500(741,500)for The Way You Look Tonight, a four-foot self-portrait inspired by Renaissance portraits he had seen at the Uffizi in Florence.

Although he has only three works in this encyclopaedic show, the choice of Hendricks for the invitation card is significant because it acknowledges the tectonic shift that has been taking place in the market for black American artists.

The Saatchi Gallery in Chelsea opens a new exhibition today where it collaborates with dealerToby Clarke of the Vigo galleryto show and sell work by the Belgian painter Bram Bogart. The artist, who died in 2012, is best known for the thick licks of brightly coloured paint that comprised his canvases. This exhibition consists of the least-known of his works, pure white paintings; thus the title of the show, Witte de Witte. Prices will range from 37,000 to 105,000.

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Black Power in the art market; Saatchi’s new dealer show; a $10 million Masterpiece sale –

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July 12, 2017   Posted in: Black Power |

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