Peter Doig, the renowned artist, expressed his frustration over the lack of transparency in the art market, stating that when it comes to high-value sales, details are often withheld from artists. He described a confrontation with a former gallery regarding the sales information of his artworks, saying, 'I wasn't after money, I wanted to know where the paintings had gone to. They said: We can't give you that information.' This secrecy, he believes, undermines artists' rights and distorts the trading environment.
Doig revealed a staggering estimate of nearly 380 million in total sales for his works since 2007, but he personally has made only about 230,000 from these sales. He noted, 'It's collectors who are profiting... I have no idea who they are because the art trade is so opaque.' His experience reflects a broader issue within the art market, where artists receive a fraction of the financial reward from the sales of their own creations.
Advocating for change, Doig emphasized the need for increased transparency, particularly to safeguard young artists. He stated, 'Galleries have a duty to share information about sales with the artists who created the works: They should be absolutely transparent in all the dealings.' He believes that this would not only benefit artists but also put an end to the pervasive secrecy that clouds the art market.
Collection
[
|
...
]