Saatchi Art

Last updated

Saatchi Art Group
Company type Subsidiary
FoundedMay 1, 2010;15 years ago (2010-05-01), in Santa Monica, California
Headquarters
1655 26th Street,
Santa Monica, California
,
United States
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]

References

  1. ↑ "Rebecca Wilson hopes ..." LA Weekly. Retrieved December 10, 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. December 6, 2022. Retrieved October 9, 2023.
  6. ↑ Abrams, Amah-Rose (May 12, 2015). "Saatchi Sues Saatchi Art". Artnet News. Retrieved August 16, 2023.
  7. ↑ "Demand Media Hires Sean Moriarty, Ex-CEO of Ticketmaster, as Chief Exec". Variety. August 8, 2015. Retrieved December 10, 2015.
  8. ↑ "News | Demand Media Acquires The Other Art Fair | Spectrum Equity". www.spectrumequity.com. Retrieved July 18, 2024.
  9. ↑ "Saatchi Art partners with design pros to bring fine art to any size project". Business of Home. December 6, 2022. Retrieved October 26, 2023.
  10. ↑ "Saatchi Art Group Appoints New CEO". Furniture Lighting & Decor. June 7, 2023. Retrieved November 24, 2023.
  11. ↑ "New executives at Caracole, Brown Jordan, Cosentino and more". Business of Home. July 3, 2023. Retrieved November 24, 2023.
  12. ↑ "Women in Business Q&A: Rebecca Wilson, Chief Curator and Director, Art Advisory at Saatchi Art". HuffPost. May 21, 2015. Retrieved October 9, 2023.
  13. ↑ Abrams, Amah-Rose (May 12, 2015). "Saatchi Sues Saatchi Art". Artnet News. Retrieved August 16, 2023.
  14. ↑ "Charles Saatchi Sues Online Platform Saatchi Art to Stop It From Using His Name". Artnet. May 12, 2015. Retrieved July 28, 2016.
  15. ↑ Harley, Nicola (December 12, 2014). "Saatchi takes his former righthand woman to court" . Retrieved July 22, 2018– via www.telegraph.co.uk.
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