The Great Contemporary Art Bubble Trailer Documentary by Ben Lewis
Sign in to YouTube
Sign in to YouTube
Sign in to YouTube
Uploaded on May 16, 2009
Ben Lewis's new documentary 'The Great Contemporary Art Bubble' You can now buy this film on DVD from my website www.benlewis.tv
It investigates the reasons behind the boom and bust of contemporary art.
The Great Contemporary Art Bubble
BBC Four. Monday 18th May. 9.00pm.
The last five years have seen an unprecedented craze for contemporary art. Contemporary art prices rose by an average of 800% while works by Andy Warhol, Francis Bacon and Mark Rothko sold for record-breaking prices of £30 million plus.
Art critic and film-maker Ben Lewis spent 2008 following the contemporary art market; travelling to art fairs, auctions, museums and the offices and homes of billionaire art collectors. He spoke to dealers, auctioneers, gallery-owners, art market analysts and art collectors trying to find out the reasons behind the greatest rise in the value of art in history.
He says: I didnt like what was happening in the contemporary art marketMuch of the art was mass produced, repetitive and commercial. Collectors bought it for investment and stored vast amounts of it in warehousesAnd the special privileges our society gave to art and artists were being exploited by some of the worlds richest people to make yet more money.
Everywhere Ben went he was told the contemporary art boom would go on forever fuelled by a new passion for art from the worlds super-rich. But he found other reasons for the boom unusual market practices, speculation, secrecy and tax breaks involving the whole art world.
It all climaxed on September 15th 2008 when Damien Hirst sold over £70 million of his art in one day. On that same day Wall Street bank Lehman Brothers collapsed triggered turmoil in global financial markets. One month later the art market crashed dropping by 40% in November 2008 and 75% by February 2009. It is still falling today.
Ben says: The contemporary art market had a speculative dynamic of its own thats why it kept on going while other markets crashed. Great works of art are still being made todaybut the Great Contemporary Art Bubble will surely go down in history as the epitome of the vanity and folly of our age.
Standard YouTube License
- 1:29:35 L'art s'exploseby Maître Shodokan2,373 views
- 49:45 This Is Modern Art / 1 of 6 / I Am a Genius / 1999by Ivan P.37,604 views
- 50:16 This Is Modern Art / 2 of 6 / Shock! Horror! / 1999by Ivan P.25,046 views
- 46:47 Damien Hirst - The First Look presented by Channel 4by Rikki Sixx48,264 views
- 13:20 Even in tough times, contemporary art sellsby CBSNewsOnline11,509 views
- 1:19:46 School of Visual Arts Contemporary Perspectives Lecture Series: Arts Critic Peter Schjeldahlby bu18,746 views
- 10:00 The Great Contemporary Art Bubbleby CHARLES LUTZ44,413 views
- 45:05 Arte Contemporanea - Il Testimone (s5e1) puntata interaby net02it36,137 views
- 5:16 funny interviewby darkeststar115,767 views
- 1:33:53 Chuck Close and Robert Storr in Conversationby bu7,967 views
- 15:00 Goldsmiths: But Is It Art? (Episode 2 - Part 3)by vaughanography12,262 views
- 57:25 Chuck Close: A Portrait in Progressby MASSIVEMAGdotCOM17,641 views
- 1:23:30 Understanding contemporary artby AManCalledArron21,090 views
- 7:59 Museum of Contemporary Art, Chief Curator Michael Darlingby FearNoArtChicago32,316 views
- 18:46 Alain Soral débat sur l'art Contemporainby 1tempsdavance206087,988 views
- 22 videos Play all Contemporary Artby EugenieAbsalom
- 54:40 Arte Contemporaneoby Luciana Ponte51,633 views
- 3:00 Chuck Close: Advice to Artists During a Crisisby Big Think59,587 views
- 16:33 Behind the scenes: Anselm Kieferby Museumboijmans4,028 views
- 13:26 Art contemporain : le peintre Jean-Jacques PIGEONby L'art en boîte170,982 views