AIPAD NYC Fair & The 1st MAO : Greedy Art Dealer AWARD
The Curators and Collectors AIPAD Preview yesterday over at the 7th Regiment Armory was a poorly attended event yesterday. The AIPAD Fair is there till Feb 12th. It looks good, lots of things to see, a few early MAO observations..
1. It seemed smaller than last years Fair.
2. No heat in the building, you could see your breath in parts of the fair.
3. I counted 11 Dealers who had Diane Arbus Prints for Sale, all at pretty high prices.
4. There was a surprising lack of New Color Photography, may dealer were strictly vintage B&W.
Now, I've never been a fan of buying secondary works at Art Fairs. I'm much more of an Auction Junkie. I think it's best to find (one or 2) honest/knowledgeable/trustworthy dealers to work exclusively with to find secondary pieces for your collection. But there's one thing that drives me absolutely
bat shit crazy nuts... Dealer buying something at a very recent auction, and then marking it up immediately to an insane price. I believe there's a funny commercial by Ameritrade... that jokes about this. It's always on CNBC. Which gave me the idea to create something new.
The 1st Official MOA :
SHAME ON YOU! GREEDY ART DEALER AWARD.
Now, as you might imagine, the competition is steep for such a
shady prestigious award. And sad to say, there were several worthy contenders at the Fair. But for this years, AIPAD 2006, it goes hands down to the GREEDY, Irresponsible, Rip Your Clients Off, Should Probably Be Barred From The AIPAD Association, Janet Lehr Inc/Vered Art an NYC/East End LI thief gallery.
So this greedy dealer purchased 2 Robert Mapplethorpe Color Photo's at the Christies October 10th sale. (results attached).. I know.. cause I was sitting right behind them in the auction room.
Lot 230.. Mapplethorpe's "Orchid, 1989" 22.5x22.5 #1/5 signed by the estate sold for $19,200. Now Offered at $85,000 by Janet Lehr Inc/Vered Art
Lot 235...Mapplethorpe's "Jack-in-the-Pulpit, 1988" 26.5x20.5, #2/7 Signed by the artist, sold for $22,800, Now Offered at $95,000 by Janet Lehr Inc/Vered Art
Granted you say.. well they took the risk, they saw the value in these 2 photographs. Maybe, but these are not works by an unknown artist... it's Robert Mapplethorpe's Flower Photos, which are as much of a known value as it gets in photography collecting. But charging a 443% Mark-UP on the first one, and a 417% Mark-Up on the second photo in a 4 month time period borders on criminal. I'm all for dealers and artists making money for all the great work they do.. but a 400% mark up is not reasonable. It's Predatory !! And it's sad that people like this make me (and I'm sure others) really distrust so many art dealers for being nothing more than taking advantage of their customers. My advice, stay far away, and never buy anything from Janet Lehr Inc/Vered Art.
Please Don't reward this type of Greedy Unethical Behavior! And frankly.. I think other dealers should be mad at these stupid greedy people as well.. it gives your profession a bad reputation!