The Monetary Industrys Ties With The Art World Are Getting TighterThe Monetary Industrys Ties With The Art World Are Getting Tighter
It was her 2012 Documenta edition—the second ever at the august German quinquennial helmed by a woman—that brought her to the attention of the wider world. Themed around the notion of “Collapse and Recovery,” it featured work by Pierre Huyghe, Giuseppe Penone, Walid Raad, Michael Rakowitz, Haegue Yang, and extra. As ARTnews reported in December, Masterworks used its sizable cash runway to purchase more than $450 million price of paintings, whereas chopping over two dozen staff as it struggled to reach ambitious gross sales targets. Former staffers revealed that the price of netting retail investors was an ongoing problem. Mintus… [...]