The Wall Street Journal looks at the market effects of the Venice Biennale which officially opens tomorrow. Watch the video above or read Kelly Crow who reminds us that Edward Hopper and Willem de Kooning broke out after Venice showings, this year folks are looking at Sarah Sze:
More recent breakouts include Brazilian artist Beatriz Milhazes, whose cheery paintings of overlapping flowers weren’t well known outside her home country until her work made a splash in Brazil’s pavilion in Venice in 2003. A few months later, Christie’s ushered her into the auction arena and sold one of her bouquets, “Civilized World,” for $74,090, more than doubling its high estimate. Ms. Milhazes has since been back to auction 68 times, and her record now stands at over $2 million.
Venetian Finds (Wall Street Journal)
