Adbusters: 1% Art

Andrea Fraser at AdB ..

recent economic research has established a direct connection between skyrocketing art prices and income inequality, showing that “a one percentage point increase in the share of total income earned by the top 0.1% triggers an increase in art prices of about 14 percent.” It is now painfully obvious that what has been extraordinarily good for the art world over the past decades has been disastrous for the rest of the world. In the United States it is difficult to imagine any arts organization or practice that can escape the economic structures and policies that have produced this inequality. The private nonprofit model–which almost all US museums as well as alternative art organizations exist within–is dependent on wealthy donors and has its origins in the same ideology that led to the current global economic crisis .. Progressive artists, critics and curators face an existential crisis: how can we continue to justify our involvement in this art economy? At minimum, if our only choice is to participate or to abandon the art field entirely, we can stop rationalizing that participation in the name of critical or political art practices or–adding insult to injury–social justice. Any claim that we represent a progressive social force while our activities are directly subsidized by, and benefit from, the engines of inequality can only contribute to the justification of that inequality

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