Contributed by Sharon Butler / In “New York Real Estate and the Ruin of American Art,” an article that recently appeared in the winter issue of October, artist Josh Kline points out that art has long been curated, funded, and institutionalized by the very galleries and collectors who profit from it and the schools that train its participants, without necessarily serving the majority of artists. Most NYC artists are familiar with the story Josh is telling, as many have weathered previous market downturns. Some can remember the 1989 stock market crash, the devastation of 9/11, and the 2008 recession. Now, after what has become a years-long rout, even A-listers like Josh feel compelled to rethink the cost of maintaining a NYC studio as the market for their work has changed.
