Maria Grazia Chiuri is taking over a theater in Rome. Dries Van Noten wants to promote Venetian art and craftsmanship in a Gothic palace. Meanwhile, Helmut Lang and Martin Margiela have shifted careers to become artists. Fashion can lead anywhere — provided one finds a way out.
As Art Basel opens its doors to the public on June 19, the climate of economic and political uncertainty is making collectors cautious. While the speculative frenzy around young artists seems to have subsided, the contemporary art market is still recovering.
Estimated at $70 million, a bust by the Swiss artist failed to find a buyer on Tuesday 13 May. With the art market undergoing a correction, are collectors no longer willing to buy at any price?
