Opinion
Thoughts from the Georgetown community.
Monetizing modern art
In a recent Wall Street Journal profile of superstar art dealer Larry Gagosian, the author explains that a decade ago, the abstract work of Cecily Brown would only sell for around $8,000. However, all that changed when curators from the Tate and the Museum of Modern Art, at Gagosian’s encouragement, began to buy Brown’s work. Today, Brown’s paintings are sold for around $800,000.