What's Happening?
Lindsay Jarvis, a London-born art adviser known for his expertise in auction markets, has opened a new gallery on Bowery, New York. Jarvis, who has built a reputation for identifying undervalued twentieth-century artists, is launching his gallery with an exhibition titled 'Ghost.' The show, organized with Max Werner, features a mix of contemporary and twentieth-century artists, including Lois Dodd, Richard Mayhew, and Joan Snyder. Jarvis believes the current art market climate, post-pandemic, is conducive to connoisseurship, with certain artists achieving record auction results. He emphasizes the importance of sustainable real estate practices for galleries, choosing a location with reasonable rent to ensure long-term viability.
Why It's Important?
The opening of Jarvis's gallery highlights a shift in the art market towards connoisseurship and long-term value, moving away from the speculative trends seen during the pandemic. This development is significant for collectors and artists alike, as it suggests a more stable and thoughtful approach to art investment. Jarvis's focus on undervalued artists could lead to increased recognition and market correction for these figures, impacting their legacy and market value. Additionally, the gallery's location on Bowery, amidst a cluster of other galleries, could contribute to the area's cultural vibrancy and economic activity.
What's Next?
Following the 'Ghost' exhibition, Jarvis plans to host the first New York solo show for Daniel Licht, a young painter featured in the current exhibition. This move indicates Jarvis's commitment to promoting emerging artists alongside established names. The gallery's success could influence other art dealers to adopt similar strategies, focusing on sustainable practices and connoisseurship. As the art market continues to recalibrate, Jarvis's approach may serve as a model for others seeking longevity and impact in the industry.
Beyond the Headlines
Jarvis's decision to open a gallery during a period of market recalibration reflects broader trends in the art world, where quality and historical significance are gaining precedence over quick sales. This shift may encourage a reevaluation of art's cultural value and its role in society, potentially leading to more thoughtful and enduring art collections. The emphasis on landscapes in the 'Ghost' exhibition also suggests a renewed interest in themes of nature and materiality, resonating with contemporary concerns about technology and environmental change.
