Everyone is being frostily polite in the news reports. MacLear, who is the more likely party to have alerted ARTnews, finally provided the site with a quote:
This surprising graft from the Rauschenberg Foundation did not take. It may tell something important about Sotheby’s AAP strategy in the artist’s estate business https://t.co/VBnOikYpxg— alain servais (@aservais1) June 29, 2018
It has always been my honor to work on planning legacies of artists—I took the leap to AAP/Sotheby’s to verify the need and then innovate in the field. We did that, and now it is time for me to work on behalf of artists independently after my non-compete period.Sotheby's countered with this from AAP's Allan Schwartzmann:
The business is moving forward in several directions in a healthy way—we are just beginning a second phase consultancy for several prominent artists of different generations regarding major museum placements; gallery affiliations; funding programs; and long-term legacy planning. There is increasing demand for our artist advisory services.In other words, Schwartzmann and MacLear are signaling a footrace to sign up more estates. Which brings us back to the gadfly's question: Is Sotheby's APP strategy succeeding? Servais's critique isn't very clear and it is unlikely that we'll get a more articulate expression of that critique beyond the implicit argument that the auction houses are an expansionary threat to the art market eco-system.
Sign up to Art Market Monitor Premium today
You need a membership to AMMpro to view this article and other exclusive content daily.
You can register today for $90 per month—with your first month free!—or for $756 per year (no free trial period.)
If you already have an account, sign in here: