Fresh Links!

by Art Fag City on July 28, 2009 · 2 comments

Felix Salmon » Blog Archive » Art market datapoint of the day | Blogs |

“Interestingly, even at the height of the boom, that $100,000 a month going to Bellwether’s artists still works out at only about $5,000 a month per gallery artist — and you can be sure that a couple of the top names got the lion’s share. So while the gallerist was making a million dollars a year, a lot of her artists were probably making just a couple of thousand dollars a month.”

Erwin Wurm Ubiquitous, Even at VIP We Went To Chelsea, Vol. 1 What’s Special About V.I.P. 2.0
  • http://www.ethanham.com Ethan

    My reading of the numbers is that the gallery grossed about a million a year ($80k/month gross).

    The original article said that netted out to $40k (about $500k/year)… but I think “net” is the wrong word here because it is followed by saying out of that came the $10k/month rent. It’s not really net if the expenses haven’t been deducted, so I think that $40k is meant to represent what the gallery retained after a 50/50 split with the artists.

    I’m betting $250k/year, not a $1 million, is closer to the mark in terms of the gallery’s yearly profit.

  • http://www.ethanham.com Ethan

    My reading of the numbers is that the gallery grossed about a million a year ($80k/month gross).

    The original article said that netted out to $40k (about $500k/year)… but I think “net” is the wrong word here because it is followed by saying out of that came the $10k/month rent. It’s not really net if the expenses haven’t been deducted, so I think that $40k is meant to represent what the gallery retained after a 50/50 split with the artists.

    I’m betting $250k/year, not a $1 million, is closer to the mark in terms of the gallery’s yearly profit.

Previous post:

Next post: