CBS Sunday Morning not too long ago aired a profile of gallery proprietor Larry Gagosian and the way the 80-year-old artwork vendor navigates the “brutal enterprise” whereas overseeing 18 places around the globe.
The seven-minute section aired on CBS Sunday Morning on February 23. Early on, the newsmagazine options Gagosian putting the record-setting profitable bid for Andy Warhol’s Shot Sage Blue Marilyn (1964) for $194 million at Christie’s New York.
“That will need to have been a loopy second,” mentioned CBS correspondent Anthony Mason.
“Whenever you’re bidding at that stage, it’s simply your adrenaline, ,” Gagosian replied. “It’s very thrilling.”
The profile notes Gagosian’s Armenian ancestry, lack of artwork background, and properly as how he noticed Jean-Michel Basquiat in 1981, instantly shopping for three works.
“I sadly bought all of them,” he mentioned with fun. “I want I nonetheless owned them.”
Mason introduced up a remark by Arne Glimcher, founding father of Tempo Gallery, about how the present artwork market has nothing to do with artwork: “iI’s nearly how briskly one can generate income.”
“There’s a sure reality to what he’s saying, however I don’t suppose it’s nearly cash in any respect,” Gagosian replied. “If individuals didn’t love artwork, , I believe they wouldn’t purchase it at that stage. I don’t suppose it’s simply an asset class and it’s not nearly cash. It’s simply gotten dearer to purchase actually nice artwork.”
Gagosian, turning 80 in April with no introduced succession plan, had this to say about slowing down from the enterprise: “There’s no actual end line.”
Requested whether or not the gallery’s empire may exist with out the namesake artwork vendor, Gagosian didn’t have a solution. “That’s the query,” he mentioned. “I don’t wish to suppose it’s an impossibility; I believe it’s a severe problem, however I’m not able to move the reins. I get pleasure from it an excessive amount of.”
