Cy Twombly, the world’s 6th most valuable living artist and 49th most valuable artist overall, has passed away yesterday at the age of 83, some 56 days after seeing an all-time record for his art set at Christie’s New York auction in May of this year.
With 28 artworks listed in Skate’s Top 5000 , Twombly has seen over US $200 million being paid for his art at auctions during his lifetime (his more valuable artworks eligible for Skate’s Top 5000 alone being worth $136 million at the day of Twombly’s death).
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While I realize that art is a good investment and a wise one. It distresses me that these funds support the organizations that have been so ungenerous towards new artists and new venues.
Why should artist have to struggle on the brink of finacial disaster their whole lives? How about some funds moved toward providing grants for emerging art forms and artists.
[...] content. But then there’s Cy Twombly. Before he passed away last summer, he was valued as the sixth most valuable living artist. And then there’s his relationship with Gagosian: “Since the opening of Larry [...]