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Notes

Partly Sunny: Art Market Predictions for 2012 

Excerpts from the  four-part series from Art+Auction magazine on the future of the art-market.

In an ever-changing world, we human beings are in constant search of context.  We continuously look to define our reality through the acquisition of physical objects. These objects define our essence and bring our perceptions into a reality; these objects give our lives a philosophical context, a belief system, and a point of view.  One of the great benefits of being human is the ability to have philosophical debates, and one of theses great debates is the context in which art should be valued.  Should art be looked upon as an instrument of accumulating financial means?  Or should art be distinguished from all social clutter as symbols of anthropological and cultural significance? 

Many have attempted to bring clarity to this point:  Bourdieu once said, ”The primary function of art is social […] The cultural practice used to distinguish classes and class fractions, to justify the domination by one another.”  Schopenhauer held that art offers a way for people to temporarily escape the suffering that results from willing [living].  Tolstoy stated that, “Art is not a pleasure, a solace, or an amusement; art is great matter.”

If one thing can be ascertained in the midst of this brilliant subjectivity, it’s that this debate will outlive this [post] and the ‘right’ philosophy on how art is to be consumed, acquired, valued, viewed, positioned, and marketed, will continue to be evaluated for generations to come.

In my opinion, I agree with Henry Fuseli who stated, “Art among a religious race produces relics; among a military one, trophies; among a commercial one, articles of trade.”  This sequence of logic, for me, says that the judging [evaluating] of a work of art, deciding whether said work is good or bad, is very subjective, albeit some opinions have a higher degree of validity due to the specific evaluator’s level of concern or interest in the subject matter and his or her corollary expertise.  Art within its very nature is highly [subjective] speculative; affecting its worth from academia, to finances and to all facets of cultural classism

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6 Notes

Can Music Shops be saved?

In the past 13 years we have witnessed dynamic changes in all facets of the music industry due to the Internet and various advances in technology.  The birth of Napster, iTunes, the shift from CD’s to mp3’s, and the increased volume of online shopping have all personified the music industry’s monumental shift from ‘old’ to ‘new.’  However, from production to retail, the question that still remains to be seen is whether these drastic changes have affected the music industry for better or for worse.  The consumer might agree that the advances in music have been for the better, but with record labels scrabbling for new means of generating revenue, its likely labels feel like these “advances” have been for the worse.  Regardless of the varying interpretations of the positive or negative effects of the changes to the music industry, I think both consumers and labels would agree that the 2 biggest shifts in the last 13 years were a result of Napster and iTunes.  During the Napster Era, which occurred in the late 1990’s - early 2,000’s, there was an explosion in online music that was downloaded for free and shared amongst users at a high frequency.  Then, from the early 2,000’s up until now, Apple’s iTune era took over, spurring many consumers to begin purchasing music online as either fragmented or whole bodies of work.  

However, after the departure of Napster, a slew of other free music sites began popping up, picking up where the fallen Napster had left off and ultimately proving to music labels that piracy was more resilient than they had expected.  It was no surprise that being able to obtain free music of ‘your favorite artist’ seemed wonderful from the perspective of the music consumer.  But from the point of view of the major labels and the RIAA, free music meant the demise of their industry, as their revenues, previously in the upper hundreds of millions of dollars, was on the decline at an exceedingly rapid rate.  They had to act - and act fast.  With that said, the major record labels, the RIAA, and even some artists went on a blitzkrieg campaign to shut down users downloading free music, in addition to the sites that enabled the illegal downloading activities.  In the years to follow, numerous litigation battles ensued and the labels and the RIAA were partially successful in shutting down music piracy.  It would seem that the inception of Apple’s iTunes was the record labels’ answer, or, at the very least, remedy to online music piracy.  Giving the consumer the option to buy various songs or whole albums of an artist seemed to stop the financial ‘bleeding’ caused by the piracy of music.  Apple’s virtual ‘tourniquet’ appeared to help the music business get back on track - or at least it appeared that way?  As we know, with all major battles, whether won or lost, there is collateral damage. 

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6 Notes

Detroit Finding New Life In Its Art Cultural Economy

I recall sitting down with colleagues having deep rooted conversations about current affairs.  During this time, the nation was seeing a financial meltdown in corporate America - Lehman Brothers closing its doors, Bear Stearns, who was on the verge of collapse until it was purchased, and General Motors, who was also on the verge of a similar demise. It was the first real signs of economic unrest, punctuated with the US government’s actions that lead to the ‘bail out.’

 
These economic collapses affected many US municipalities.  One city severely affected was Detroit; once the heart of the international automotive industry, now, an abandoned ‘industrial park.’  But history has shown, where society sees ugliness and misfortune, the artist sees beauty and opportunity. Mera Rubell, patron to the arts, said, “You go where others won’t.” Observing the depressed situation in Detroit, I thought to myself, “Detroit is ripe for a big art movement with this financial downturn.” Why? Currently, a cultural phenomenon, which was thoroughly discussed in the Warhol Economy by Elizabeth Curid, is taking shape. The phenomenon of artist re-purposing vacated industrial properties and injecting fresh artistic energy into economically depressed districts can provide a new path to commerce. 

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4 Notes

It is quite lovely to see companies engaging their audiences with insightful content.  We came across this new release from the  Ericsson Company this Saturday afternoon.  This documentary highlights the shift in our world as society is entering a new era.  An era where technology has enabled us to interact, innovate and share knowledge in whole new ways – creating a dynamic shift in mindset.  Some may say that today people are more empowered, businesses are much more liberated and society is more connected than ever.  I think it is fair to say that knowledge is power. We know information leads to knowledge, which leads to better understanding of our being in relation to that knowledge, which then leads to wisdom.  This wisdom allows us to foresee the opportunities and drive us to create new paradigms which shift the way ‘we’ do things.  We have seen this wisdom manifest itself in all industries more specifically in fashion and music.  Companies like Net-A-Porter  and their ’disruptive’ business model which has in many ways changed the organizational structure of the entire fashion industry.  We also seen similar ’disruption’ in the music industry as well, where within a 10 year period, the way music is enjoyed and consumed has completely changed a 100 year old  business practice (Napster & Itunes).  New paradigms are introduced daily affecting the way we look and enjoy reality.  

The internet and technology, as a whole, will scale-up this ‘disruptive’ phenomenon. With further access, society will interact with information on a ‘comprehensible incomprehensible’ level.  We now can connect to the highest levels of human knowledge and creativity in a way that was inconceivable 15 years ago via a mobile device the size of child’s palm. But can we even begin to concieve what 15 years from now will look like?  It seems what we imagine and beyond is possible and everything and anything is open to change as we walk deeper into the 21st century.  This documentary brings serenity around this topic and attempts to inspire the viewer ( I am inspired as I write this).

Please enjoy and feel free to share your thoughts. Posted by Jey Van-Sharp of MyUberLife

32 Notes

Luxury: (Re)defined(ing)

Barbara Kruger

I woke up this morning, took the elevator down and did my breakfast walk to Wholefoods where I managed to ‘pack-in’ my ‘people-watching.’  Most people who live in NYC are familiar with the term of ‘people-watching,’ which is the casual observation of people, granted it’s part of my daily gig here at MUL so it can be perceived as contrived.  My daily manner is to look for recognizable & disruptive patterns in the market place.  My eyes constantly zoom across newspapers, magazines, blogs, twitter feeds, people’s clothing, the music blurring out of trucks, the Occupy Wall Street protestors etc. etc; what ever information that would help me affirm or confirm an established or emerging business, fashion, music or artistic trend.  In the process of doing so I realized that one of the biggest patterns was the conversation on the global economy.  

At this point, we all have heard, and are well abreast of, the issue regarding the economy.  Of course there are people who are more knowledgeable regarding the issue.  Trying to make sense out of the issue, I realized the problem seemed to stem from the desire of money to afford certain luxuries.  I asked myself why is there such a desire to have luxury and be seen consuming it?  In my attempt to bring clarity and simplicity around the issue, I chose to investigate the notion of luxury and society. 
 

To begin, I started with the simplest question:  what is a luxury?  According to the Merriam-Webster Dictionary it is defined as

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1 Notes

The point is not to become more efficient at activities that are losing customer and economic relevance, but to alter the business design in a way that matches customer demands and is consistent with the new economic order in your industry.
thoughts from economic theorist Adrian J. Slywotzky that can be of assistance to the creative professionals working within the fashion, music, art & cultural industries. | Posted by Jey Van-Sharp of MyUberLife

2 Notes

Everything is a Remix is a 4 part short video series from writer / director / editor, Kirby Ferguson.  The series explores the concept of creation, and how just about everything in our society, from ideas and products, to services and experiences, are essentially a remix of something that came before it.

The video above is the first part of the series where Kirby explores the origins of the word “remix” and demonstrates that the actual concept of “remixing” dates back long before the introduction of hip hop into ‘mass’ culture.  He cites everyone from prolific rock group, Led Zeppelin, to experimental writer, William Burroughs, who, in 1961, was the first person to coin the phrase “Heavy Metal,” taken from his novel The Soft Machine.  Ironically, Burroughs’ book was also an early example of “remixing,” having been completed by implementing the ‘cut-up technique,’ which takes existing writing, chops it up, and rearranges it into a new format.

Later in the video Kirby goes on to examine the concept of ‘legal remixing,’ which, as Kirby defines, are ‘covers’ - performances of other people’s material, and ‘knock-offs’ - copies that stay within legal boundaries.  It’s important to note that ‘Covers’ and ‘knock-offs’ are not new concepts; they are complex issues that continue to plague the cultural economy, especially within the world of fashion.

In the later parts of the series Kirby explores the worlds of film, philosophy, and technology to further reinforce his supposition that “remixing” is a way of life, and without it, innovation could not exist.

To me, what’s really interesting about this video, and its successive parts, is that it demonstrates that copying and borrowing are a natural part of the creative process.  That throughout history, it is nearly impossible to find any idea, concept, innovation, product, service, or experience that did not copy or borrow elements from someone or something else already in existence.

In fact, Napoleon Hill, author of Think and Grow Rich, confirms this idea in his landmark book on personal success.  In the book, Hill introduces the concept of synthetic imagination and states that it is one of the primary means to creation and invention.  Hill stated that, “one may arrange old concepts, ideas, or plans into new combinations.  This faculty […] works with the material of experience, education, and observation with which it is fed.  It is the faculty most used by the inventor […].”

Many times, its during the act of copying or borrowing that we stumble upon our own genius, and begin on our own paths towards greatness.  Often, its our failure to fully emulate the person or thing we are attempting to copy that leads us to our own unique gifts.  Conan O’Brien, popular talk show host, and arguably a comedic genius, confirms this point in his 2011 commencement speech at Dartmouth College.  Conan stated that, “It is our failure to become our perceived ideal that ultimately defines us and makes us unique.  It’s not easy, but if you accept your misfortune, and handle it right, your perceived failure can become a catalyst for profound reinvention.”

Enjoy the part 1 of Everything is a Remix shown above.  Parts 2 and 3 are also available at http://vimeo.com/14912890.  Part 4 comes out this fall.  Happy watching! 

posted by Kwasi Gyasi and Winston Peters of MyUberLife

26 Notes

Inspired by Seth Godin’s book, Linchpin, this chart depicts the heirarchy of perceived value amongst people in the global market place.  Seth reminds us that those who possess the ability to create, invent, or innovate, enjoy the greatest fiscal reward (more money) and occupy a space that has little to no competition (less people).
The chart also shows that if you are not creating, you should at least focus on “connecting” people.  Of course this is not a new concept.  Facilitating and managing relationships has been a valuable skill-set throughout history.  But with the advent of social media platforms, the art of “connecting” has drastically been amplified; and subsequently, has become even more valuable today.
Of course “producing” and “selling” are of value in the market place too.  Goods, services and experiences still need to be manufactured and scaled up, as well as sold to a consumer base.  But, while few people can actually “produce” and “sell” a product, service or experience, even fewer can “create / invent” that product, service, and experience, and “connect” the relevant tribes and communities of people to it.  
Yes, the chart does do a good job of showing us what skills we should focus our attention on cultivating in the market place.  However, it also serves as a stark reminder that jobs that bare any resemblance to “lifting,” “hunting,” and “growing” will soon be an economic dead end.  Robotic and automative-like jobs that require little to no creativity or innovative thought, are crowded with competition because most people are capable of doing the work.  They are often categorized as mundane and unfulfilling; and typically, the people that labor at this type of work are replaceable.  
To make yourself, or your business, truly indespensable, you must focus on managing relationships and meeting deep consumer needs.  I believe, and I’m sure Seth would agree, that in this ‘Information Age,’ the pathway to true economic prosperity lies in the ability to create / invent unique products, services and experiences, as well as connect people from differing tribes and communities. 
posted by Kwasi Gyasi of MyUberLife

Inspired by Seth Godin’s book, Linchpin, this chart depicts the heirarchy of perceived value amongst people in the global market place.  Seth reminds us that those who possess the ability to create, invent, or innovate, enjoy the greatest fiscal reward (more money) and occupy a space that has little to no competition (less people).

The chart also shows that if you are not creating, you should at least focus on “connecting” people.  Of course this is not a new concept.  Facilitating and managing relationships has been a valuable skill-set throughout history.  But with the advent of social media platforms, the art of “connecting” has drastically been amplified; and subsequently, has become even more valuable today.

Of course “producing” and “selling” are of value in the market place too.  Goods, services and experiences still need to be manufactured and scaled up, as well as sold to a consumer base.  But, while few people can actually “produce” and “sell” a product, service or experience, even fewer can “create / invent” that product, service, and experience, and “connect” the relevant tribes and communities of people to it.  

Yes, the chart does do a good job of showing us what skills we should focus our attention on cultivating in the market place.  However, it also serves as a stark reminder that jobs that bare any resemblance to “lifting,” “hunting,” and “growing” will soon be an economic dead end.  Robotic and automative-like jobs that require little to no creativity or innovative thought, are crowded with competition because most people are capable of doing the work.  They are often categorized as mundane and unfulfilling; and typically, the people that labor at this type of work are replaceable.  

To make yourself, or your business, truly indespensable, you must focus on managing relationships and meeting deep consumer needs.  I believe, and I’m sure Seth would agree, that in this ‘Information Age,’ the pathway to true economic prosperity lies in the ability to create / invent unique products, services and experiences, as well as connect people from differing tribes and communities. 

posted by Kwasi Gyasi of MyUberLife

2 Notes

I hope I have encouraged people in business to expand the way they make sense of human behavior.
Malcolm Gladwell reminding us that Personal Relationships = Business Relationships because it always involves HUMANS, posted by Jey Van-Sharp of MyUberLife

3 Notes

Flexible Ticket Pricing | Live Nation Taking A Cue From The Laws of Economics

One of the basic laws of economics states that as the demand of a good rises, and the supply of that same good starts to fall, the price of said good is set to increase.

With Live Nation’s recent real-time flexible pricing program, it seems the concert behemoth is putting those very laws to the test.

The pricing program will allow artists and venues to adjust ticket prices for concerts in real-time.  In other words, if those coveted concert seats you wanted become even more “coveted” once tickets go on sale, you could find yourself paying double, if not triple, for the same seats that cost one-half or one-third of the price just a few minutes ago.

It will be interesting to see how this affects concert attendance this year.  With the revenue stream drought that plagues the music industry, its highly likely that artists and venues will squeeze as much as they can get from eager fans.

The article is also an open forum for discussion.  So if you have an opinion about this flexible pricing strategy please feel free to let us know your thoughts either here, or on the article page.

Happy reading!

posted by Kwasi of MyUberLife 

Notes

Influencers, Innovators, Early Adopters, Artist, Creatives, Stylist, Producers, Curators, Journalist, Designers, Film Makers, Mavens, Marketers & Moguls and more..We all support the Cultural Economy. Posted by Jey of MUL

Influencers, Innovators, Early Adopters, Artist, Creatives, Stylist, Producers, Curators, Journalist, Designers, Film Makers, Mavens, Marketers & Moguls and more..We all support the Cultural Economy. Posted by Jey of MUL

Notes

In a knowledge economy, a good business is a community with a purpose, not a piece of property.
Words every creative can embrace by Charles Handy, Harvard Business Review | posted by Jey Van-Sharp of MyUberLife

2 Notes

Emerging Art Market Reality in Brazil, India, Turkey, and China

Many of us enjoy art from an aesthetic stand point, but like in every form of creative expression, their is more than meets the eye. The inner workings of the art industry with respect to political and socio-economic factors are worth noting because these factors drive independent and commercial art movements.

We came across this article highlighting the four most crucial components when evaluating an art market. Things to look for are maturity (in the market), scope, speed, and infrastructure. This article brings some insight for the collector and art advisor in all of us. Please click on the link above, enjoy and feel free to share your thoughts!

Posted by Jey Van-Sharp of MyUberLife

9 Notes

The Communication of Clothing

There was a time in my life where: my thoughts were pure, I was granted years of uninterrupted bliss, had no sense of differences, no clue what an identity was and no concept of power. Until…..

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