Lindsay Pollock reports on Bloomberg the closing of Carlson & Co. a leading fabricator of Contemporary art:
Company founder Peter Carlson said it will be filing something “akin” to bankruptcy. […] Carlson fired the entire workforce of 95 employees last week in anticipation of the closing. […] The company, based in San Fernando, California, was founded in 1971. It became one of the best-known resources for artists seeking to produce complicated, large-scale and frequently costly artworks.
“Many artists trying to make work that involves high-tech and precise execution would go to Carlson and they could often figure things out that no one else could,” said New York art adviser Allan Schwartzman. The firm fabricated some of the most technically challenging artworks created during the six-year rise of contemporary art prices which began in 2002.