Bloomberg 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.”
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