Sacred Monster
On the eve of the Met’s giant retrospective, a critic asks: Was Francis Bacon really the greatest painter of the twentieth century, or just a fascinating mess?

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Sacred Monster
On the eve of the Met’s giant retrospective, a critic asks: Was Francis Bacon really the greatest painter of the twentieth century, or just a fascinating mess?

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Sacred Monster
As it turns 50—and gets a face-lift—this complex chunk of city deserves rethinking.

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Living With Lincoln Center
Fearless Kate Gilmore turns accidental chaos into seriously fun art.

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Head-on Collision
Nicola Vassell works at Deitch Projects, lives in a Soho loft, and throws art-crowd parties. What is this, 1979?
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Cue the Paradise Garage

The world, in case you haven’t noticed, is on sale. As with the stock market, which stands at roughly half its peak value, 50 percent off is a decent rule of thumb. Some things aren’t there yet, and may never be; a few things, like designer-knockoff handbags, have slipped into minus-90 territory. An incredible deal for someone.
If you happen to think that the cost of goods will eventually go back up, then some sale items aren’t just discounted—they’re undervalued. But what are they worth? A free market, by its very nature, assigns prices based on what other people think. But for many goods, that system is currently busted. People have shut down; the market is having a difficult time determining how anything should be priced. In an environment like this, you need to rely on your own sense of value. How much cash do you have on hand? What do you really want? How much risk are you willing to tolerate? Patience right now is your friend, as is the tactical lowball offer.
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The Bargain Hunter’s Handbook
New York’s contemporary spring auctions begin May 12. And certain artists who came to prominence between the sixties and the eighties are well worth a look (for those with a rather sizable amount of cash on the sidelines), in large part because their work has weathered past busts and shows every sign of future desirability. Museums could want some of these pieces one day, which is usually an excellent reason for private collectors to covet them first…

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What to Bid On
Let’s be clear: Buying art is always a luxury, and especially right now. That said, if you’re sitting on a little money and craving a little beauty, now may in fact be a good time to buy. The art-market crash of the early nineties resulted in “historically phenomenal years to buy art,” says dealer David Zwirner, and this climate holds the same potential. Waiting lists for work are mostly a thing of the past. Dealers are much more willing to negotiate.
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The Opportunist’s Guide to Art
Two new gallery spaces (one in Williamsburg) are, if not fully realized, rich in possibility.

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Energy to Burn
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