Behind the Difficulties in Financing Art Projects

April 26th, 2015

Alice Aycock, via BloombergBloomberg takes a look at the difficulties behind financing large-scale art projects, including the issues often facing galleries when it comes to selling the completed pieces, focusing the study on artist Alice Aycock’s public installation on Park Ave.  “It’s a long-term financial investment,” says Aycock’s gallerist, Thomas Schulte. “One work by Aycock cost $350,000 alone in production costs, and took over a year to make, and in that particular case we needed another year to sell it.”

Read more at Bloomberg