A Living Commercial

In this episode, Jerry and Magnus dive into the growing commercialization of the art world. After relocating to South Florida, Jerry shares his frustrations with the high costs and unpredictable weather of New York. Magnus, on the other hand, passionately defends New York's vital role in the art scene, arguing that the physical presence in the city is essential for networking and success, even amidst the financial challenges.

They discuss intriguing developments like artist residencies at the World Trade Center, backed by the Silverstein family, which provide free studio space but also raise questions about branding and intent. The conversation also touches on significant shifts in the industry, including Ari Emanuel’s acquisition of Frieze, Art Basel’s expansion to Doha, and the merger of Artnet and Artsy under private equity. These changes reflect a landscape where financial interests are increasingly at the forefront.

Throughout their discussion, Jerry and Magnus grapple with the delicate balance between commercialization and artistic integrity, shedding light on the evolving dynamics that are shaping the future of the art world.