Saatchi Art

Last updated
Saatchi Art
Company typeSubsidiary
Founded Santa Monica, California
(May 1, 2010)
Headquarters
1655 26th Street
Santa Monica, California
,
USA
Key people
  • Sarah Meller (CEO; 2023–present)
Website www.saatchiart.com

Saatchi Art Group is a Los Angeles-based [1] e-commerce platform and online art gallery. [2] [3] [4] Saatchi Art is an art platform that aims to help new artists enter the global art market. It is composed of the Saatchi Art online marketplace, The Other Art Fair, and the group's Hospitality Art Advisory. [5]

Contents

History

Saatchi Art was founded in 2010 as Saatchi Online, which was owned by Charles Saatchi. [6]

It was acquired by Demand Media, Inc. (currently Leaf Group) in August 2014, [7] which was then bought by Graham Holdings Company in 2021. [4]

In 2016, Saatchi Art acquired The Other Art Fair. [8] Based in London and founded by Ryan Stanier, the Other Art Fair now operates across 3 continents and is the largest artist-led art event in the world.

In 2018, Saatchi Art debuted its hospitality art advisory services, offering art programming for hotels, restaurants, residential buildings, and healthcare institutions. The senior hospitality art advisory team has curated artworks for Four Seasons, Nobu Hotels, 1 Hotels, Waldorf Astoria, The Ritz-Carlton, St. Regis, and other brands. [9]

In 2023, Sarah Meller was appointed CEO of Saatchi Art. [10] [11] Rebecca Wilson currently serves as Saatchi Art’s chief curator and vice president. She was formerly a director at the Saatchi Gallery in London and was responsible for maintaining the gallery's online presence. [12]

Controversies

In November 2014, Charles Saatchi, then owner of Saatchi Gallery, initiated multiple legal actions in the United Kingdom's Chancery Division of High Court of Justice against Leaf Group, the current owners of Saatchi Art. [13] Charles Saatchi's contention arose from an alleged breach of an intellectual property agreement dated February 18, 2010, prompting him to ask Demand Media to cease the usage of the “Saatchi Art” name and compensate him for profits made from the name since the alleged breach. He also alleged that the low average transaction price on Saatchi Art might dilute the Saatchi brand's association with the high-end art market. [14] [15]

Related Research Articles

<span class="mw-page-title-main">Stuckism</span> International art movement

Stuckism is an international art movement founded in 1999 by Billy Childish and Charles Thomson to promote figurative painting as opposed to conceptual art. By May 2017, the initial group of 13 British artists had expanded to 236 groups in 52 countries.

<span class="mw-page-title-main">Damien Hirst</span> British artist (born 1965)

Damien Steven Hirst is an English artist and art collector. He is one of the Young British Artists (YBAs) who dominated the art scene in the UK during the 1990s. He is reportedly the United Kingdom's richest living artist, with his wealth estimated at US$384 million in the 2020 Sunday Times Rich List. During the 1990s his career was closely linked with the collector Charles Saatchi, but increasing frictions came to a head in 2003 and the relationship ended.

Charles Saatchi is an Iraqi-British businessman and the co-founder, with his brother Maurice, of advertising agency Saatchi & Saatchi. The brothers led the business – the world's largest advertising agency in the 1980s – until they were forced out in 1995. In the same year, the brothers formed a new agency called M&C Saatchi.

<span class="mw-page-title-main">Saatchi Gallery</span> Physical and online contemporary art museum in Chelsea, London

The Saatchi Gallery is a London gallery for contemporary art and an independent charity opened by Charles Saatchi in 1985. Exhibitions which drew upon the collection of Charles Saatchi, starting with US artists and minimalism, moving to the Damien Hirst-led Young British Artists, followed by shows purely of painting, led to Saatchi Gallery becoming a recognised authority in contemporary art globally. It has occupied different premises, first in North London, then the South Bank by the River Thames, and finally in Chelsea, Duke of York's HQ, its current location. In 2019 Saatchi Gallery became a registered charity and began a new chapter in its history. Recent exhibitions include the major solo exhibition of the artist JR, JR: Chronicles, and London Grads Now in September 2019 lending the gallery spaces to graduates from leading fine art schools who experienced the cancellation of physical degree shows due to the pandemic.

<span class="mw-page-title-main">Sotheby's</span> International auction house

Sotheby's is a British-founded multinational corporation with headquarters in New York City. It is one of the world's largest brokers of fine and decorative art, jewellery, and collectibles. It has 80 locations in 40 countries, and maintains a significant presence in the UK.

<span class="mw-page-title-main">Frieze Art Fair</span> International contemporary art fair

Frieze Art Fair is an annual contemporary art fair first held in 2003 in London's Regent's Park. Developed by the founders of the contemporary art magazine Frieze, the fair has since expanded to include editions in four cities, in addition to acquiring several other art fairs. Following the original Frieze Art Fair, the fair added Frieze Masters (2012), also in London, dedicated to art made before the year 2000; Frieze New York (2012); Frieze Los Angeles (2019); and Frieze Seoul (2022). In 2023, Frieze acquired The Armory Show in New York, and EXPO Chicago.

Maureen Paley is the American owner of a contemporary art gallery in Bethnal Green, London, where she lives. It was founded in 1984, called Interim Art during the 1990s, and renamed Maureen Paley in 2004. She exhibited Young British Artists at an early stage. Artists represented include Turner Prize winners Lawrence Abu Hamdan, Gillian Wearing and Wolfgang Tillmans. One thing in common with many of the artists represented is their interest in addressing social issues.

<span class="mw-page-title-main">Tim Lokiec</span>

Tim Lokiec is an artist based in New York City whose 2003 solo debut artworks were praised by The New York Times for their "remarkable visual and emotional intensity". In 2004, he was cited by London's Frieze Art Fair as being one of the world's most exciting artists who were nominated by 200 leading contemporary art galleries in the world. In 2006, the Kantor Feuer Gallery, known for discovering new talent and developing the careers of artists, and ranked as one of the top galleries in the world, held an exhibition of Lokiec's work. His works are also exhibited in the now British government-owned Saatchi Gallery. Lokiec did the cover design for Rich Bowering's 2011 book Big Fire at Spahn Ranch.

Li Yan is an oil painting artist, born in Jilin, China in 1977, who lives and works in Beijing, China.

Artnet.com is an art market website. It is operated by Artnet Worldwide Corporation, which has headquarters in New York City. It is owned by Artnet AG, a German publicly-traded company based in Berlin that is listed on the Frankfurt Stock Exchange. The company increased revenues by 25.3% to €17.3 million in 2015 compared with a year before.

<span class="mw-page-title-main">Leaf Group</span> American online brand company

Leaf Group, formerly Demand Media Inc., is an American content company that operates online brands, including eHow, livestrong.com, and marketplace brands Saatchi Art and Society6. The company provides social media platforms for large company websites and distributes content with social media tools to web outlets. It is commonly known for being a content farm. Demand Media was created in 2006 by a former private equity investor, Shawn Colo, and the former chairman of MySpace, Richard Rosenblatt.

<span class="mw-page-title-main">Hyatt Regency London – The Churchill</span> Hotel in London

The Hyatt Regency London – The Churchill is a five star hotel located on Portman Square, north of Marble Arch in central London, England. It is owned by The Churchill Group Ltd and is currently operated by Hyatt Hotels Corporation.

The Pace Gallery is an American contemporary and modern art gallery with 9 locations worldwide. It was founded in Boston by Arne Glimcher in 1960. His son, Marc Glimcher, is now president and CEO. Pace Gallery operates in New York, London, Hong Kong, Los Angeles, Geneva, Seoul, East Hampton, and Palm Beach.

Paddle8 was an online auction house based in New York City selling fine art including Post-War and Contemporary art, prints & multiples, photography, street art and collectibles. Paddle8's sales focus on pieces priced between $1,000 and $100,000, all vetted by specialists for authenticity. Paddle8 had offices in New York, Los Angeles, London and Hong Kong. In 2016, Paddle8 merged with the Berlin online auction house Auctionata. In February 2017, Auctionata declared insolvency and Paddle8 became an independent company once again, before selling to Native in 2018, and then to Facebank AG in 2019. In March 2020, Paddle8 filed for Chapter 11 bankruptcy protection in New York just one week after the non-profit New American Cinema Group filed a lawsuit against the company for allegedly misappropriating funds from a charity auction.

<span class="mw-page-title-main">Vladislav Doronin</span> Russian businessman

Vladislav Yurievich Doronin is a Russian-born businessman, real estate developer and art collector. He is the owner and chairman of Aman Resorts, chairman and CEO of OKO Group and is a co-founder of Moscow-based Capital Group.

Rebecca Wilson is an art curator and editor, who is currently chief curator and vice president of Art Advisory at Saatchi Art.

Lisa Schiff is an American art advisor and specialist in contemporary and modern art, based in New York. She is the founder and president of SFA Advisory with offices in New York, Los Angeles and London. Her clients included individuals, corporations, foundations and institutions. Amongst her former clients was the actor Leonardo DiCaprio and his Leonardo DiCaprio Foundation (LDF).

<span class="mw-page-title-main">Justin Sun</span> Chinese diplomat and tech entrepreneur

Justin Sun is a Chinese-born Grenadian cryptocurrency entrepreneur and business executive. He is the founder of TRON, a blockchain DAO ecosystem ATM system symbol and USDD, an algorithmic stablecoin issued by TRON DAO Reserve. He also works as an advisor to HTX.

Gallery 1957 is a contemporary art gallery located in Accra, Ghana. The gallery intends to present artists of West Africa and the diaspora. It was established in March 2016 by British construction company owner Marwan Zakhem. As of 2018, the gallery has shown artists including Serge Attukwei Clottey, Gideon Appah, Modupeola Fadugba, Godfried Donkor, Yaw Owusu, and Zohra Opoku.

1:54 is an annual contemporary African art fair held in London during the October Frieze Week since 2013. It was organized to improve the representation of contemporary African art in worldwide exhibitions, and is the foremost art fair dedicated to contemporary African art in the primary art market. By 2016, the show had become three times the size of the original exhibition with 130 artists represented. A spin-off, pop-up show, 1:54 NY, has been held annually in New York City during the May Frieze New York since 2015. A third location, in Marrakech, began in 2018. Critics have described 1:54 as a highlight of the Frieze event, and wrote that the show's publicity for contemporary African art outweighs the issues of lumping disparate geographic traditions together. The fair's representation from African galleries has improved as the international market for African art expands.

References

  1. "Rebecca Wilson hopes ..." LA Weekly. Retrieved 10 December 2015.
  2. Lee, Jin Woo; Lee, Soo Hee (2019). "User participation and valuation in digital art platforms: the case of Saatchi Art" (PDF). European Journal of Marketing. 53 (6): 1125–1151. doi:10.1108/EJM-12-2016-0788. S2CID   169809290.
  3. Fassio, Sarah (2019). "The Winner Takes It All – die Online-Galerie als Demokratisierungsansatz eines von Intransparenz geprägten Kunstmarktes?". In Pöllmann, Lorenz; Herrmann, Clara (eds.). Der digitale Kulturbetrieb: Strategien, Handlungsfelder und Best Practices des digitalen Kulturmanagements. Springer Gabler. pp. 249–269. doi:10.1007/978-3-658-24030-1_12. ISBN   978-3-658-24030-1. S2CID   189429904.
  4. 1 2 <Eliot, Austen. "Saatchi Art, Equal Opportunity to Sell and Own Original Art".
  5. "Saatchi Art partners with design pros to bring fine art to any size project". Business of Home. 2022-12-06. Retrieved 2023-10-09.
  6. Abrams, Amah-Rose (2015-05-12). "Saatchi Sues Saatchi Art". Artnet News. Retrieved 2023-08-16.
  7. "Demand Media Hires Sean Moriarty, Ex-CEO of Ticketmaster, as Chief Exec". Variety. 8 August 2015. Retrieved 10 December 2015.
  8. "News | Demand Media Acquires The Other Art Fair | Spectrum Equity". www.spectrumequity.com. Retrieved 2024-07-18.
  9. "Saatchi Art partners with design pros to bring fine art to any size project". Business of Home. 2022-12-06. Retrieved 2023-10-26.
  10. "Saatchi Art Group Appoints New CEO". Furniture Lighting & Decor. 2023-06-07. Retrieved 2023-11-24.
  11. "New executives at Caracole, Brown Jordan, Cosentino and more". Business of Home. 2023-07-03. Retrieved 2023-11-24.
  12. "Women in Business Q&A: Rebecca Wilson, Chief Curator and Director, Art Advisory at Saatchi Art". HuffPost. 2015-05-21. Retrieved 2023-10-09.
  13. Abrams, Amah-Rose (2015-05-12). "Saatchi Sues Saatchi Art". Artnet News. Retrieved 2023-08-16.
  14. "Charles Saatchi Sues Online Platform Saatchi Art to Stop It From Using His Name". Artnet. 12 May 2015. Retrieved 28 July 2016.
  15. Harley, Nicola (12 December 2014). "Saatchi takes his former righthand woman to court" . Retrieved 22 July 2018 via www.telegraph.co.uk.